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.
Why these two differ
The most material structural difference between these two funds is their asset allocation. The Mint Australasian Equity Fund holds 98.31% in growth assets, making it a near-pure equity vehicle, while NZ Funds New Zealand and Australian Shares sits at 78.48% growth assets — a meaningful gap that suggests the NZ Funds portfolio carries a more blended composition, though the data does not itemise what fills the remaining 21.52%.
Annual fund charges diverge sharply: Mint discloses 1.18% versus NZ Funds' 2.52%, a difference of 1.34 percentage points that compounds materially over time. Both carry a risk indicator of 5 on the standard 1–7 scale. The five-year return figures run in the opposite direction: NZ Funds returned 4.59% per annum against Mint's 0.30%, though past returns are not a reliable indicator of future performance and the periods covered by each fund's quarterly fund update should be confirmed before drawing conclusions.
Portfolio construction also differs. Mint is notably concentrated, with Fisher & Paykel Healthcare alone at 17.65% and the top five holdings accounting for roughly 52% of the fund. NZ Funds shows tighter top-holding weights, with its five largest positions each sitting between 5.21% and 5.99%, suggesting broader diversification within the portfolio. Fund sizes are comparable — Mint at approximately NZD 198.8 million, NZ Funds at approximately NZD 194.3 million.
Verify all figures against each fund's current product disclosure statement and latest quarterly fund update on FMA Disclose before relying on this summary for any investment decision.
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
- 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 | 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
3
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 |
|---|---|---|
 Mainfreight Ltd NZ | 5.21% | 5.45% |
 Summerset Group Holdings Ltd NZ | 4.57% | 4.80% |
 A2 Milk Company Ltd NZ | 3.56% | 4.98% |
"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
LiveLast verified 2026-05-08
NZ Funds
Common questions
What's the difference between the Mint Australasian Equity Fund and the NZ Funds New Zealand and Australian Shares?
Which fund has lower fees, Mint Australasian Equity Fund or NZ Funds New Zealand and Australian Shares?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
