Skip to main content
ManagedFunds.nz

Fund-vs-fund · International Equities

Pathfinder Global Responsibility Fund vs Pathfinder Global Water 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.

Pathfinder logo

Pathfinder

Pathfinder Global Responsibility Fund

PIE · capped at PIR (max 28%) Responsible / ethical
Pathfinder logo

Pathfinder

Pathfinder Global Water Fund

PIE · capped at PIR (max 28%) Responsible / ethical Thematic

What's different at a glance

  • Annual fund charges are within 0.05% of each other (1.30% vs 1.30%).
  • 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 81 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.

Annual fund charge

Lower is better

Pathfinder

1.30%

Highest 15% of cohort

Pathfinder

1.30%

Highest 15% of cohort

5-year return p.a.

Past performance — not a predictor

Pathfinder

4.97%

Bottom 21% over 5 years

Pathfinder

4.97%

Bottom 21% over 5 years

Fund size

Larger = more stable, lower close-risk

Pathfinder

NZ$64m

Lower half by size

Pathfinder

NZ$64m

Lower half by size

Metric Pathfinder Pathfinder Lower / higher is
Annual fund charge 1.30% 1.30% Lower is better
Risk indicator (1–7) 5 5 Higher = more volatility
5-year return p.a. 4.97% 4.97% Higher is better
(past not future)
Fund size NZ$64m NZ$64m 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 Yes Yes Specific exclusions live in each fund's SIPO.
Available via Direct Direct Platforms accepting retail subscriptions.
Sources: Pathfinder on Sorted Pathfinder on Sorted

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

10

of each fund's top 10

Pathfinder weight in shared

53.7%

of Pathfinder Global Responsibility Fund top 10 is shared

Pathfinder weight in shared

53.7%

of Pathfinder Global Water Fund top 10 is shared

Holding Pathfinder Pathfinder
VE Veolia Environnement FR
8.22% 8.22%
PE Pentair Inc US
7.78% 7.78%
EB Ebara Corp JP
6.71% 6.71%
CS CIA Saneamento Basico DE-ADR US
5.82% 5.82%
FE Ferguson PLC GB
5.04% 5.04%
OR Organo Corp JP
4.20% 4.20%
XY Xylem Inc US
4.19% 4.19%
RI Roper Industries Inc US
4.00% 4.00%
$ Cash at Bank – NZD – Westpac NZ
3.91% 3.91%
WA Waters Corp US
3.81% 3.81%

"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

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 →

Pathfinder

Pathfinder Global Water 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 Water Fund profile →

Documents

Crawled directly from each manager's website. How we record provenance →

Pathfinder logo

Pathfinder

Live

Last verified 2026-05-08

Pathfinder logo

Pathfinder

Live

Last verified 2026-05-08

Common questions

What's the difference between the Pathfinder Global Responsibility Fund and the Pathfinder Global Water Fund?
Both are international equities funds available to NZ retail investors. Annual fund charges are within 0.05% of each other (1.30% vs 1.30%).
Which fund has lower fees, Pathfinder Global Responsibility Fund or Pathfinder Global Water Fund?
Pathfinder Global Water Fund has the lower annual fund charge (1.30% p.a. vs 1.30% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.
How do the 5-year returns compare?
Pathfinder Global Responsibility Fund's 5-year return p.a. is 4.97% and Pathfinder Global Water Fund's is 4.97% (after fees, before tax). Past performance is not a reliable indicator of future returns.
Are both funds PIE-taxed in NZ?
Yes. Both are NZ Portfolio Investment Entities (PIEs). Investor tax on the fund's income is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where can I read the official documents for these funds?
Both funds publish their Product Disclosure Statement (PDS), Statement of Investment Policy (SIPO) and Quarterly Fund Update (QFU) on the FMA Disclose register at disclose-register.companiesoffice.govt.nz. Always read the current PDS before investing.
FinanceAdvisers.co.nz logo
Not sure which fund is right for you?
Find a financial adviser on FinanceAdvisers.co.nz
Browse NZ-licensed financial advice providers and search by speciality, location and review.
→
Important: This comparison is general information only — not personalised financial advice. Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.