Fund-vs-fund · International Equities
Harbour Epoch Global Quality Select Equity (Hedged) FundvsSBS Wealth World Equity Portfolio
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
- Harbour Epoch Global Quality Select Equity (Hedged) Fund charges 0.17% lower in annual fund charges (1.01% vs 1.18%).
- 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
SBS Wealth
1.18%
Highest 23% of cohort
5-year return p.a.
Past performance — not a predictor
Harbour
—
—
SBS Wealth
9.21%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
Harbour
NZ$91m
Lower half by size
SBS Wealth
NZ$94m
Lower half by size
| Metric | Harbour | SBS Wealth | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.01% | 1.18% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | — | 9.21% | Higher is better (past not future) |
| Fund size | NZ$91m | NZ$94m | 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
SBS Wealth weight in shared
4.5%
of SBS Wealth World Equity Portfolio top 10 is shared
| Holding | Harbour | SBS Wealth |
|---|---|---|
 NVIDIA CorpUS | 4.81% | 2.66% |
 Apple IncUS | 3.45% | 1.86% |
"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 →
SBS Wealth
SBS Wealth World Equity Portfolio
The Fund aims to achieve capital growth and returns over the long-term through investment primarily in a portfolio of international equities, either directly or indirectly via an underlying fund diversified across various sectors.Full SBS Wealth SBS Wealth World Equity Portfolio profile →
Common questions
What's the difference between the Harbour Epoch Global Quality Select Equity (Hedged) Fund and the SBS Wealth World Equity Portfolio?
Which fund has lower fees, Harbour Epoch Global Quality Select Equity (Hedged) Fund or SBS Wealth World Equity Portfolio?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
