Fund-vs-fund · Australasian Equities
Smart Australian Resources ETFvsSmart NZ Top 10 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.
How much do these two overlap?
They hold 1 of the same securities. If you held both, roughly 0.1% 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 | Smart Australian | Smart NZ | Min weight |
|---|---|---|---|
| Net Current Assets | 0.08% | 0.66% | 0.08% |
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.
Smart Australian Resources ETF
Smart NZ Top 10 ETF
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
What's different at a glance
- Smart Australian Resources ETF charges 0.06% lower in annual fund charges (0.54% vs 0.60%).
- 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
Smartshares
0.54%
Lower half of cohort
Smartshares
0.60%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
Smartshares
12.80%
Top 5% over 5 years
Smartshares
0.29%
Bottom 16% over 5 years
Fund size
Larger = more stable, lower close-risk
Smartshares
NZ$114m
Upper half by size
Smartshares
NZ$103m
Upper half by size
| Metric | Smartshares | Smartshares | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.54% | 0.60% | Lower is better |
| Risk indicator (1–7) | 6 | 5 | Higher = more volatility |
| 5-year return p.a. | 12.80% | 0.29% | Higher is better (past not future) |
| Fund size | NZ$114m | NZ$103m | 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. |
What each fund says it does
Smartshares
Smart Australian Resources ETF
The Smart Australian Resources ETF is designed to track the return (before tax, fees and other expenses) of the S&P/ASX 200 Resources Index. The Index is comprised of companies from the S&P/ASX 200 Index where the company is classified as belonging to the energy sector or the metals and mining industry.Full Smartshares Smart Australian Resources ETF profile →
Smartshares
Smart NZ Top 10 ETF
The Smart NZ Top 10 ETF is designed to track the return (before tax, fees and other expenses) of the S&P/NZX 10 Index. The Index is comprised of ten of the largest companies listed on the NZX.Full Smartshares Smart NZ Top 10 ETF profile →
Common questions
What's the difference between the Smart Australian Resources ETF and the Smart NZ Top 10 ETF?
Which fund has lower fees, Smart Australian Resources ETF or Smart NZ Top 10 ETF?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
