Fund-vs-fund · International Equities
NZ Funds Global Utilities vs Pathfinder 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.
What's different at a glance
- Pathfinder Global Responsibility Fund charges 1.23% lower in annual fund charges (1.30% vs 2.53%).
- 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 82 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
2.53%
Highest 3% of cohort
Pathfinder
1.30%
Highest 15% of cohort
5-year return p.a.
Past performance — not a predictor
NZ Funds
—
—
Pathfinder
4.97%
Bottom 21% over 5 years
Fund size
Larger = more stable, lower close-risk
NZ Funds
NZ$62m
Lower half by size
Pathfinder
NZ$64m
Lower half by size
| Metric | NZ Funds | Pathfinder | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 2.53% | 1.30% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | — | 4.97% | Higher is better (past not future) |
| Fund size | NZ$62m | NZ$64m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 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 | InvestNow · 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.
What each fund says it does
NZ Funds
NZ Funds Global Utilities
The objective of the Global Utilities 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 utility company shares. The fund may also hold other actively managed authorised asset classes.Full NZ Funds NZ Funds Global Utilities profile →
Pathfinder
Pathfinder Global Responsibility Fund
The Fund invests in companies connected to water quality, accessibility or sustainability1 that satisfy Pathfinder’s ethical investment criteria. The Fund’s investments are managed by Nordea Investment Management AB.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
- Supporting document490 kB · file fingerprint recorded
- Supporting document5160 kB · file fingerprint recorded
- Supporting document6356 kB · file fingerprint recorded
- Supporting document11086 kB · file fingerprint recorded
- Supporting document13994 kB · file fingerprint recorded
- Supporting document11709 kB · file fingerprint recorded
- + 9 more on the fund page
Common questions
What's the difference between the NZ Funds Global Utilities and the Pathfinder Global Responsibility Fund?
Which fund has lower fees, NZ Funds Global Utilities or Pathfinder Global Responsibility Fund?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
