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Fund-vs-fund · Australasian Equities

Harbour Australasian Equity Fund vs Smart NZ Dividend ETF

Both are Australasian Equities funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.

Harbour logo

Harbour

Harbour Australasian Equity Fund

PIE · capped at PIR (max 28%)
Smartshares logo

Smartshares

Smart NZ Dividend ETF

PIE · capped at PIR (max 28%) ETF · DIV

What's different at a glance

  • Smart NZ Dividend ETF charges 0.58% lower in annual fund charges (0.54% vs 1.12%).
  • Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where each fund sits in its cohort

Percentile rank vs all 58 australasian equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.

Annual fund charge

Lower is better

Harbour

1.12%

Upper half of cohort

Smartshares

0.54%

Lower half of cohort

5-year return p.a.

Past performance — not a predictor

Harbour

0.83%

Lower half over 5 years

Smartshares

3.14%

Upper half over 5 years

Fund size

Larger = more stable, lower close-risk

Harbour

NZ$101m

Upper half by size

Smartshares

NZ$97m

Upper half by size

Metric Harbour Smartshares Lower / higher is
Annual fund charge 1.12% 0.54% Lower is better
Risk indicator (1–7) 5 5 Higher = more volatility
5-year return p.a. 0.83% 3.14% Higher is better
(past not future)
Fund size NZ$101m NZ$97m Larger = more stable, lower close-risk
Growth / income split 98% / 2% 98% / 2% More growth = higher long-run return + volatility
NZ tax structure PIE (PIR-capped) PIE (PIR-capped) PIE = simpler. FIF = annual return.
Currency hedging — — Hedged smooths NZD/foreign FX moves at a small cost.
Responsible investment screening No No Specific exclusions live in each fund's SIPO.
Available via Direct Direct Platforms accepting retail subscriptions.
Sources: Harbour on Sorted Smartshares on Sorted

Portfolio overlap

How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.

Matching holdings

1

of each fund's top 10

Harbour weight in shared

7.4%

of Harbour Australasian Equity Fund top 10 is shared

Smartshares weight in shared

10.7%

of Smart NZ Dividend ETF top 10 is shared

Holding Harbour Smartshares
Contact Energy Contact Energy NZ
7.44% 10.71%

"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.

What each fund says it does

Harbour

Harbour Australasian Equity Fund

The Fund is an actively managed strategy that invests predominantly in New Zealand and Australian listed equities. The Fund has a growth-oriented investment approach to generate alpha (return over the benchmark) for investors. The Fund incorporates an ESG strategy involving integration of Harbour s proprietary Corporate Behaviour Survey and external provider scores into investment decision making, company engagement, voting and zero tolerance exclusions. Further information on exclusions and processes is outlined in our ESG Policy.
Full Harbour Harbour Australasian Equity Fund profile →

Smartshares

Smart NZ Dividend ETF

The Smart NZ Dividend ETF is designed to track the return (before tax, fees and other expenses) of the S&P/NZX 50 High Dividend Index. The Index is comprised of 25 high yielding companies listed on the NZX and included in the S&P/NZX 50 Index.
Full Smartshares Smart NZ Dividend ETF profile →

Documents

Crawled directly from each manager's website. How we record provenance →

Harbour logo

Harbour

Live

Last verified 2026-05-08

Smartshares logo

Smartshares

Not yet crawled. View fund page for FMA Disclose link.

Common questions

What's the difference between the Harbour Australasian Equity Fund and the Smart NZ Dividend ETF?
Both are australasian equities funds available to NZ retail investors. Smart NZ Dividend ETF charges 0.58% lower in annual fund charges (0.54% vs 1.12%).
Which fund has lower fees, Harbour Australasian Equity Fund or Smart NZ Dividend ETF?
Smart NZ Dividend ETF has the lower annual fund charge (0.54% p.a. vs 1.12% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.
How do the 5-year returns compare?
Harbour Australasian Equity Fund's 5-year return p.a. is 0.83% and Smart NZ Dividend ETF's is 3.14% (after fees, before tax). Past performance is not a reliable indicator of future returns.
Are both funds PIE-taxed in NZ?
Yes. Both are NZ Portfolio Investment Entities (PIEs). Investor tax on the fund's income is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where can I read the official documents for these funds?
Both funds publish their Product Disclosure Statement (PDS), Statement of Investment Policy (SIPO) and Quarterly Fund Update (QFU) on the FMA Disclose register at disclose-register.companiesoffice.govt.nz. Always read the current PDS before investing.
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Important: This comparison is general information only — not personalised financial advice. Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.