Fund-vs-fund · Australasian Equities

Mint Australasian Equity Fund vs NZ Funds New Zealand and Australian Shares

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.

Mint

Mint Australasian Equity Fund

PIE · capped at PIR (max 28%)

NZ Funds

NZ Funds New Zealand and Australian Shares

PIE · capped at PIR (max 28%) growth

What's different at a glance

Mint Australasian Equity Fund charges 1.34% lower in annual fund charges (1.18% vs 2.52%).
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

Mint

1.18%

Highest 23% of cohort

NZ Funds

2.52%

Highest 3% of cohort

5-year return p.a.

Past performance — not a predictor

Mint

0.30%

Bottom 17% over 5 years

NZ Funds

4.59%

Upper half over 5 years

Fund size

Larger = more stable, lower close-risk

Mint

NZ$199m

Largest 16% in cohort

NZ Funds

NZ$194m

Largest 20% in cohort

Metric	Mint	NZ Funds	Lower / higher is
Annual fund charge	1.18%	2.52%	Lower is better
Risk indicator (1–7)	5	5	Higher = more volatility
5-year return p.a.	0.30%	4.59%	Higher is better (past not future)
Fund size	NZ$199m	NZ$194m	Larger = more stable, lower close-risk
Growth / income split	98% / 2%	78% / 22%	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	InvestNow · Direct	Direct	Platforms accepting retail subscriptions.

Sources: Mint on Sorted NZ Funds 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

of each fund's top 10

Mint weight in shared

13.3%

of Mint Australasian Equity Fund top 10 is shared

NZ Funds weight in shared

15.2%

of NZ Funds New Zealand and Australian Shares top 10 is shared

Holding	Mint	NZ Funds	Min weight
Mainfreight Ltd NZ	5.21%	5.45%	5.21%
Summerset Group Holdings Ltd NZ	4.57%	4.80%	4.57%
A2 Milk Company Ltd NZ	3.56%	4.98%	3.56%

"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

Mint

Mint Australasian Equity Fund

The Fund invests predominantly in Australasian equities and targets medium to long-term growth. The Fund is benchmarked against the S&P/NZX 50 Gross Index with an investment objective of outperforming the benchmark after fees and expenses over the medium to long term.

Full Mint Mint Australasian Equity Fund profile →

NZ Funds

NZ Funds New Zealand and Australian Shares

The objective of the New Zealand and Australian Shares fund is to grow your investment over the long term by investing in growth assets and other authorised assets with active management. The fund is anticipated to mainly own and trade New Zealand and Australian shares over the minimum suggested timeframe.

Full NZ Funds NZ Funds New Zealand and Australian Shares profile →

Documents

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

Mint

Live

Last verified 2026-05-08

Quarterly Fund Update

285 kB · file fingerprint recorded
Supporting document

648 kB · file fingerprint recorded
Annual Report

361 kB · file fingerprint recorded
Statement of Investment Policy

158 kB · file fingerprint recorded
Product Disclosure Statement

1853 kB · file fingerprint recorded
Supporting document

1425 kB · file fingerprint recorded
+ 2 more on the fund page

NZ Funds

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

Common questions

What's the difference between the Mint Australasian Equity Fund and the NZ Funds New Zealand and Australian Shares?

Both are australasian equities funds available to NZ retail investors. Mint Australasian Equity Fund charges 1.34% lower in annual fund charges (1.18% vs 2.52%).

Which fund has lower fees, Mint Australasian Equity Fund or NZ Funds New Zealand and Australian Shares?

Mint Australasian Equity Fund has the lower annual fund charge (1.18% p.a. vs 2.52% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.

How do the 5-year returns compare?

Mint Australasian Equity Fund's 5-year return p.a. is 0.30% and NZ Funds New Zealand and Australian Shares's is 4.59% (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.

Not sure which fund is right for you?

Find a financial adviser on FinanceAdvisers.co.nz

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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.