Fund-vs-fund · Listed Property
NZ Funds Global PropertyvsNZ Funds New Zealand Property and Retirement Villages
NZ Funds Global Property (fund size NZ$51.3 million, annual fund charge 2.52%) and NZ Funds New Zealand Property and Retirement Villages (fund size NZ$43.7 million, annual fund charge 2.52%) are both listed property managed funds, as shown on Sorted Smart Investor on 22 May 2026; NZ Funds New Zealand Property and Retirement Villages's 1-year return after fees and tax was −4.42% for the year to 31 March 2026, per its quarterly fund update filed on FMA Disclose.
What's different at a glance
- Annual fund charges are within 0.05% of each other (2.52% 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 15 listed property funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
NZ Funds
2.52%
Highest 7% of cohort
NZ Funds
2.52%
Highest 7% of cohort
5-year return p.a.
Past performance — not a predictor
NZ Funds
—
—
NZ Funds
—
—
Fund size
Larger = more stable, lower close-risk
NZ Funds
NZ$51m
Upper half by size
NZ Funds
NZ$44m
Upper half by size
| Metric | NZ Funds | NZ Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 2.52% | 2.52% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$51m | NZ$44m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 53% / 47% | 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
2
of each fund's top 10
NZ Funds weight in shared
9.9%
of NZ Funds Global Property top 10 is shared
NZ Funds weight in shared
7.4%
of NZ Funds New Zealand Property and Retirement Villages top 10 is shared
| Holding | NZ Funds | NZ Funds |
|---|---|---|
 Westpac CashNZ | 6.46% | 3.80% |
 Goldman Sachs FuturesUS | 3.49% | 3.61% |
"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
NZ Funds
NZ Funds Global Property
The objective of the Global Property fund is to mitigate the impact of inflation on your investment over the medium and/or long term with active management. The fund is anticipated to mainly own and trade international property company shares. The fund may also hold other actively managed authorised asset classes.Full NZ Funds NZ Funds Global Property profile →
NZ Funds
NZ Funds New Zealand Property and Retirement Villages
The objective of the New Zealand Property and Retirement Villages fund is to mitigate the impact of inflation on your investment over the medium and/or long term with active management. The fund is anticipated to mainly own and trade New Zealand property and retirement village company shares. The fund may also hold Australian shares and other actively managed authorised asset classes.Full NZ Funds NZ Funds New Zealand Property and Retirement Villages profile →
Common questions
What's the difference between the NZ Funds Global Property and the NZ Funds New Zealand Property and Retirement Villages?
Which fund has lower fees, NZ Funds Global Property or NZ Funds New Zealand Property and Retirement Villages?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
