Fund-vs-fund · Australasian Equities
Mercer Responsible Trans-Tasman Shares FundvsTAHITO Te Tai o Rehua Fund
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.
How much do these two overlap?
They hold 7 of the same securities. If you held both, roughly 15.1% of your money would be in the same companies — so the diversification you get from holding the pair is smaller than holding two funds suggests.
| Shared holding | Mercer Responsible | TAHITO Te | Min weight |
|---|---|---|---|
| Fisher & Paykel Healthcare | 16.29% | 4.33% | 4.33% |
| Ebos | 4.15% | 3.55% | 3.55% |
| Summerset Group | 3.13% | 3.90% | 3.13% |
| Spark New Zealand | 3.05% | 6.68% | 3.05% |
| CSL | 0.44% | 3.62% | 0.44% |
| INGENIA COMMUNITIES GROUP | 0.35% | 1.73% | 0.35% |
| GOODMAN PROPERTY TRUST | 0.23% | 4.00% | 0.23% |
Min weight is the smaller of the two weightings — if you hold both funds, that is the floor of your exposure to that position. Direct holdings only: anything either fund holds through an underlying fund or ETF is not counted, so the real overlap can only be higher. From each fund's FMA Disclose full portfolio filing.
Why these two differ
The most material structural difference between these two funds is their fee and five-year return combination. TAHITO Te Tai o Rehua Fund charges a 1.26% annual fund charge against a five-year return of 1.77% per annum, while Mercer Responsible Trans-Tasman Shares Fund charges a lower 1.06% annual fund charge but discloses a five-year return of just 0.01% per annum. Both figures are drawn from each fund's latest Quarterly Fund Update and represent past performance, which is not a reliable indicator of future performance.
Both funds sit at risk indicator 5 on the standard 1–7 scale and hold an identical growth asset allocation of 98.31%, placing them in the same structural risk band within the Australasian Equities category. Fund size is comparable — TAHITO at approximately NZD $26.9 million and Mercer at approximately NZD $31.7 million.
Portfolio construction differs meaningfully. TAHITO's top holdings are led by Meridian Energy (8.28%) and Spark New Zealand (6.68%), with a 5.66% cash position signalling some tactical liquidity. Mercer's portfolio is more concentrated in its largest holding, Fisher & Paykel Healthcare (16.29%), followed by Infratil (10.52%) and Auckland International Airport (8.80%), with no cash position visible in the top five. TAHITO's ethical investment framework draws on Māori values; Mercer's approach is described as a responsible investment screen — investors should consult each fund's SIPO for the precise methodology.
Verify all figures against the source PDS and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
What's different at a glance
- Mercer Responsible Trans-Tasman Shares Fund charges 0.20% lower in annual fund charges (1.06% vs 1.26%).
- 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 57 australasian equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Mercer
1.06%
Upper half of cohort
TAHITO
1.26%
Highest 15% of cohort
5-year return p.a.
Past performance — not a predictor
Mercer
0.01%
Bottom 1% over 5 years
TAHITO
1.77%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
Mercer
NZ$32m
Lower half by size
TAHITO
NZ$27m
Lower half by size
| Metric | Mercer | TAHITO | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.06% | 1.26% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | 0.01% | 1.77% | Higher is better (past not future) |
| Fund size | NZ$32m | NZ$27m | 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 | Yes | Yes | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
What each fund says it does
Mercer
Mercer Responsible Trans-Tasman Shares Fund
The fund is a diversified portfolio of predominantly New Zealand shares across a range of industries and sectors. The portfolio may also invest in Australian shares. The fund is managed to include specific additional responsible exclusions criteria which aims to avoid investments in certain companies or activities, and is managed with reference to environmental, social and governance factors. This fund has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of AustralasiaFull Mercer Mercer Responsible Trans-Tasman Shares Fund profile →
TAHITO
TAHITO Te Tai o Rehua Fund
The Fund is an indigenous ethical and sustainable fund. The Fund Uses positive Environment, Social and Governance (ESG) integrated screens in selecting investments. Māori indigenous values and principles serve as the foundation to the Fund’s philosophy and investment selection process. The Fund will provide actively managed exposure to a portfolio of primarily New Zealand and Australian companies that have been selected in accordance with the TAHITO investment philosophy. The Fund aims to generate a better return than the benchmark over the medium to long term.Full TAHITO TAHITO Te Tai o Rehua Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
TAHITO
Common questions
What's the difference between the Mercer Responsible Trans-Tasman Shares Fund and the TAHITO Te Tai o Rehua Fund?
Which fund has lower fees, Mercer Responsible Trans-Tasman Shares Fund or TAHITO Te Tai o Rehua Fund?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
