Fund-vs-fund · International Equities
Harbour Epoch Global Quality Select Equity (Hedged) FundvsMercer All Country Global Shares Index Fund
Both are International 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.
What's different at a glance
- Mercer All Country Global Shares Index Fund charges 0.58% lower in annual fund charges (0.43% vs 1.01%).
- 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 84 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Harbour
1.01%
Upper half of cohort
Mercer
0.43%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
Harbour
—
—
Mercer
9.81%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
Harbour
NZ$91m
Lower half by size
Mercer
NZ$98m
Lower half by size
| Metric | Harbour | Mercer | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.01% | 0.43% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | — | 9.81% | Higher is better (past not future) |
| Fund size | NZ$91m | NZ$98m | 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 to NZD | — | 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. |
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
2
of each fund's top 10
Harbour weight in shared
8.3%
of Harbour Epoch Global Quality Select Equity (Hedged) Fund top 10 is shared
Mercer weight in shared
8.9%
of Mercer All Country Global Shares Index Fund top 10 is shared
| Holding | Harbour | Mercer |
|---|---|---|
 NVIDIA CorpUS | 4.81% | 4.71% |
 Apple IncUS | 3.45% | 4.15% |
"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 Epoch Global Quality Select Equity (Hedged) Fund
The Fund�s objective is to provide long-term capital appreciation by investing primarily in a portfolio of securities of companies which are traded, listed or due to be listed, on recognised exchanges and/or markets throughout the world. The portfolio may include investments in the securities of companies traded, listed or due to be listed, on recognised exchanges and/or markets of developing countries. The Fund�s foreign currency exposure is fully hedged to New Zealand dollars.Full Harbour Harbour Epoch Global Quality Select Equity (Hedged) Fund profile →
Mercer
Mercer All Country Global Shares Index Fund
The fund is a passively managed international shares portfolio that is designed to track the return of the MSCI All Country World ex Tobacco Index. Environmental, Social and Governance characteristics are integrated into the underlying investment managers' investment processes. The fund aims to provide a return that closely matches the return of the MSCI All Country World ex Tobacco Index with net dividends reinvested (50% hedged to NZD on an after-tax basis).Full Mercer Mercer All Country Global Shares Index Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Harbour
Common questions
What's the difference between the Harbour Epoch Global Quality Select Equity (Hedged) Fund and the Mercer All Country Global Shares Index Fund?
Which fund has lower fees, Harbour Epoch Global Quality Select Equity (Hedged) Fund or Mercer All Country Global Shares Index Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
