Fund-vs-fund · Australasian Equities
Mint Australasian Equity FundvsQuayStreet NZ Equity 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 13 of the same securities. If you held both, roughly 62.9% 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 | Mint Australasian | QuayStreet NZ | Min weight |
|---|---|---|---|
| Fisher & Paykel Healthcare | 17.65% | 16.20% | 16.20% |
| Infratil | 12.63% | 8.56% | 8.56% |
| Auckland International Airport | 8.54% | 7.17% | 7.17% |
| Contact Energy | 6.04% | 8.49% | 6.04% |
| Meridian Energy | 7.58% | 5.65% | 5.65% |
| Mainfreight | 5.21% | 4.99% | 4.99% |
| Ebos | 6.50% | 4.52% | 4.52% |
| a2 Milk | 3.56% | 5.19% | 3.56% |
| Summerset Group | 4.57% | 2.17% | 2.17% |
| Fletcher Building | 1.96% | 2.61% | 1.96% |
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.
Where you can buy these
Platform availability confirmed within the last 180 days. This is a statement of availability, not a recommendation — ManagedFundsNZ is not a Financial Advice Provider. Check the current PDS before investing.
Mint Australasian Equity Fund
QuayStreet NZ Equity Fund
What's different at a glance
- Mint Australasian Equity Fund charges 0.07% lower in annual fund charges (1.18% vs 1.25%).
- 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
Mint
1.18%
Highest 24% of cohort
QuayStreet
1.25%
Highest 17% of cohort
5-year return p.a.
Past performance — not a predictor
Mint
0.30%
Bottom 18% over 5 years
QuayStreet
1.20%
Lower half over 5 years
Fund size
Larger = more stable, lower close-risk
Mint
NZ$199m
Largest 18% in cohort
QuayStreet
NZ$203m
Largest 17% in cohort
| Metric | Mint | QuayStreet | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.18% | 1.25% | Lower is better |
| Risk indicator (1–7) | 5 | 4 | Higher = more volatility |
| 5-year return p.a. | 0.30% | 1.20% | Higher is better (past not future) |
| Fund size | NZ$199m | NZ$203m | 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 | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
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 →
QuayStreet
QuayStreet NZ Equity Fund
The QuayStreet New Zealand Equity Fund invests predominantly in companies that are in the S&P/NZX 50 Gross Index. The investment objective is to provide a level of return above the fund’s benchmark over the long term.Full QuayStreet QuayStreet NZ Equity Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Mint
LiveLast verified 2026-05-08
QuayStreet
Common questions
What's the difference between the Mint Australasian Equity Fund and the QuayStreet NZ Equity Fund?
Which fund has lower fees, Mint Australasian Equity Fund or QuayStreet NZ Equity 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?
