Fund-vs-fund · Australasian Equities

QuayStreet NZ Equity FundvsSmart S&P/NZX 50 ETF

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.

QuayStreet

QuayStreet NZ Equity Fund

PIE · capped at PIR (max 28%)

Smartshares

Smart S&P/NZX 50 ETF

PIE · capped at PIR (max 28%)ETF · NZG

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.

QuayStreet NZ Equity Fund

Available on InvestNow→

Smart S&P/NZX 50 ETF

Available on InvestNow→

What's different at a glance

Smart S&P/NZX 50 ETF charges 1.05% lower in annual fund charges (0.20% 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

QuayStreet

1.25%

Highest 17% of cohort

Smartshares

0.20%

Lowest 3% of cohort

5-year return p.a.

Past performance — not a predictor

QuayStreet

1.20%

Lower half over 5 years

Smartshares

0.19%

Bottom 14% over 5 years

Fund size

Larger = more stable, lower close-risk

QuayStreet

NZ$203m

Largest 17% in cohort

Smartshares

NZ$198m

Largest 20% in cohort

Metric	QuayStreet	Smartshares	Lower / higher is
Annual fund charge	1.25%	0.20%	Lower is better
Risk indicator (1–7)	4	5	Higher = more volatility
5-year return p.a.	1.20%	0.19%	Higher is better (past not future)
Fund size	NZ$203m	NZ$198m	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.

Sources:QuayStreet on Sorted Smartshares 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

of each fund's top 10

QuayStreet weight in shared

66.9%

of QuayStreet NZ Equity Fund top 10 is shared

Smartshares weight in shared

61.2%

of Smart S&P/NZX 50 ETF top 10 is shared

Holding	QuayStreet	Smartshares	Min weight
Fisher & Paykel HealthcareNZ	16.20%	16.63%	16.20%
InfratilNZ	10.97%	8.82%	8.82%
Auckland International AirportNZ	7.26%	10.23%	7.26%
Contact EnergyNZ	8.57%	6.67%	6.67%
Meridian EnergyNZ	5.70%	5.41%	5.41%
MainfreightNZ	5.14%	3.61%	3.61%
Ebos GroupNZ	4.05%	3.45%	3.45%
Mercury NZNZ	4.85%	3.28%	3.28%
ChorusNZ	4.14%	3.08%	3.08%

"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

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 →

Smartshares

Smart S&P/NZX 50 ETF

The Smart S&P/NZX 50 ETF is designed to track the return (before tax, fees and other expenses) of the S&P/NZX 50 Gross with Imputation Index. The Index is comprised of 50 of the largest companies listed on the NZX. The weighting of each company in the Index is based on its market capitalisation.

Full Smartshares Smart S&P/NZX 50 ETF profile →

Common questions

What's the difference between the QuayStreet NZ Equity Fund and the Smart S&P/NZX 50 ETF?

Both are australasian equities funds available to NZ retail investors. Smart S&P/NZX 50 ETF charges 1.05% lower in annual fund charges (0.20% vs 1.25%).

Which fund has lower fees, QuayStreet NZ Equity Fund or Smart S&P/NZX 50 ETF?

Smart S&P/NZX 50 ETF has the lower annual fund charge (0.20% p.a. vs 1.25% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.

How do the 5-year returns compare?

QuayStreet NZ Equity Fund's 5-year return p.a. is 1.20% and Smart S&P/NZX 50 ETF's is 0.19% (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.

Not sure which fund is right for you?

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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.