Fund-vs-fund · International Equities
NZ Funds Global SharesvsPathfinder Global Responsibility Fund
Both are International 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 15 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 | NZ Funds | Pathfinder Global | Min weight |
|---|---|---|---|
| Nvidia | 2.59% | 3.55% | 2.59% |
| Apple | 2.21% | 3.38% | 2.21% |
| Broadcom | 1.61% | 1.87% | 1.61% |
| Microsoft | 1.54% | 3.78% | 1.54% |
| ASML Holding | 1.51% | 1.14% | 1.14% |
| Netflix | 0.78% | 0.96% | 0.78% |
| Mastercard | 0.88% | 0.70% | 0.70% |
| Home Depot | 0.96% | 0.66% | 0.66% |
| Hitachi | 1.18% | 0.64% | 0.64% |
| UNICREDIT | 1.03% | 0.64% | 0.64% |
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.
NZ Funds Global Shares
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Pathfinder Global Responsibility Fund
What's different at a glance
- Pathfinder Global Responsibility Fund charges 2.19% lower in annual fund charges (0.93% vs 3.12%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Pathfinder Global Responsibility Fund applies responsible-investment / ESG screening. The other fund does not.
Where each fund sits in its cohort
Percentile rank vs all 84 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
NZ Funds
3.12%
Highest 2% of cohort
Pathfinder
0.93%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
NZ Funds
1.37%
Bottom 8% over 5 years
Pathfinder
10.42%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
NZ Funds
NZ$176m
Upper half by size
Pathfinder
NZ$170m
Upper half by size
| Metric | NZ Funds | Pathfinder | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 3.12% | 0.93% | Lower is better |
| Risk indicator (1–7) | 6 | 5 | Higher = more volatility |
| 5-year return p.a. | 1.37% | 10.42% | Higher is better (past not future) |
| Fund size | NZ$176m | NZ$170m | 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 | Yes | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
What each fund says it does
NZ Funds
NZ Funds Global Shares
The objective of the Global 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 international shares over the minimum suggested timeframe.Full NZ Funds NZ Funds Global Shares profile →
Pathfinder
Pathfinder Global Responsibility Fund
This Fund currently invests in international equities and listed property through Pathfinder’s wholesale Responsible Investment Fund, which (1) targets a portfolio of up to 300 companies and (2) applies our ethical investment approach.Full Pathfinder Pathfinder Global Responsibility Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
NZ Funds
Pathfinder
LiveLast verified 2026-05-08
Common questions
What's the difference between the NZ Funds Global Shares and the Pathfinder Global Responsibility Fund?
Which fund has lower fees, NZ Funds Global Shares or Pathfinder Global Responsibility Fund?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
