ANZ Investments OneAnswer Australian Share Fund
Managed by ANZ Investments ANZ Investments OneAnswer Australian Share Fund is a australasian equities managed fund operated by ANZ Investments; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 1.11% · distributions no distributions (accumulating). Compared with 57 other same-category funds on this site, the 1.11% annual fund charge sits above the same-category median of 1.00%.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
1.09%
vs peer avg 0.91%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
6.25%
peer avg 4.91%
Fund size
NZ$21.9m
98% growth · 2% income
Aims to achieve a return (after the fund charge and before tax) that over the long term outperforms the relevant market index.
Benchmark track record
Compare Australasian Equities consistency →How ANZ Investments OneAnswer Australian Share Fund performed against its own market-index benchmark each year, after fees and tax — from the FMA fund-update dataset. Historical track record, not current-year performance; past performance is not a guide to the future.
Beat its benchmark in 3 of 10 years
annual returns to 30/06/2022Since inception: 4.29% p.a. after fees & tax vs benchmark 7.74%.
How ANZ Investments OneAnswer Australian Share Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Top 3 holdings
- BHP Group Limited (12.1%) · Commonwealth Bank of Australia (8.7%) · National Australia Bank Limited (6.1%)
- Currency policy
- Currency hedging is used to mitigate foreign currency risk using derivatives such as forward foreign exchange contracts, monitored each business day. Passive hedging targets 100% for cash, international fixed interest, l…
Key facts
Fund start date
29 February 1996
Distributions
No distributions (accumulating)
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Australasian equities (Australia) | 100% | 90% | 100% |
| Cash and cash equivalents | 0% | 0% | 10% |
Responsible-investment approach
Responsible investment factors in people, society and the environment along with financial performance. The three core components are: (1) exclusions of some companies and industries based on involvement in areas of harm or breaching global norms; (2) ESG integration into evaluation of companies invested in or considered; and (3) stewardship through engagement and proxy voting. Investments are not made based solely on ESG factors.
Derivatives policy
Derivatives are used to reduce investment risks such as currency risk, or as an efficient way to gain exposure to an asset or asset class (e.g. equity futures). Use is carefully managed within defined limits set out in the Derivatives Framework, and derivative counterparties must meet minimum credit ratings.
Reading between the lines
Plain-English summary of the scheme's disclosed conflicts and performance-fee mechanics, drawn from the OMI and PDS. Factual restatement — no opinion.
- ANZ Investments runs eight single-asset-class funds spanning NZ fixed interest, international fixed interest, property, shares, and listed infrastructure, with annual fund charges ranging from 0.47% to 1.11%.
- The two fixed interest funds are index-tracking (passive), while the six remaining funds — covering property, shares, and infrastructure — each aim to outperform their respective market index (active management).
- Risk indicators range from 3/7 for the NZ Fixed Interest Fund to 6/7 for the International Property Fund, reflecting materially different volatility profiles across the scheme.
- No performance fees, conflicts of interest, or related-party transaction costs are disclosed in the provided PDS information for any of the eight funds.
Generated 2026-05-29 from ANZ Investments Single-Asset-Class Scheme PDS (dated 2025-10-21). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
How this fund compares to peers
Mechanical comparison vs the 58 other australasian equities funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Annual fund charge
1.09%
Category median: 1.01%
Mid-pack — cheaper than 35% of peers
5y return p.a. (after fees)
+6.25%
Category median: +1.68%
Higher than 77% of peers
Fund size
NZ$21.9m
Category median: NZ$74.1m
23th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$533
Compounded charge over 5 years (excl. returns)
$38 more than peer median
Read the full fee-vs-peers breakdown →
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
 BHP Group Limited | 12.05% |
 Commonwealth Bank of Australia | 8.68% |
 National Australia Bank Limited | 6.08% |
 CSL Limited | 5.12% |
| TE Telstra Corporation Limited | 4.85% |
| $ Cash Deposit (ANZ Bank) | 4.22% |
| RT Rio Tinto Limited | 4.14% |
| QI Qbe Insurance Group Limited | 3.22% |
| SA Santos Limited | 3.14% |
 Goodman Group | 3.11% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- AUSTRALIAN SHARE FUND (FND2210) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 6.02 KB
- One Answer SAC Funds PDS 23 October 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.10 MB
- OASAC Australian Share Fund.pdf The quarterly update published by the provider PDF, 153.61 KB
- One Answer Single Asset Class Scheme SIPO 23 October 2025.pdf SIPO - Information about how the funds in the OneAnswer Single-Asset-Class Funds invest. PDF, 250.01 KB
- One Answer SAC Funds Guide 23 October 2025.pdf Guide - A helpful guide to the OneAnswer Single-Asset-Class Funds, including how to make the funds work for you, an overview, and a case study. PDF, 831.
- OASACOMI 23 October 2025.pdf OMI - Details important information about the OneAnswer Single-Asset-Class Funds. You should read this document in conjunction with the guide and product disclosure statem
- OASAC Underlying Funds and external fund managers 1 April 2026.pdf OneAnswer Single-Asset-Class Funds - Underlying funds and external fund managers PDF, 97.90 KB
- ANZ Investments Responsible Investment Framework 30 April 2026.pdf Responsible Investment Framework PDF, 1.32 MB
- One Answer Single Asset Class Scheme SIPO 23 October 2025.pdf Statement of investment policy and objectives PDF, 250.01 KB
About this category
Funds investing primarily in shares listed on the NZX (New Zealand) or ASX (Australia), or both as Trans-Tasman portfolios. Includes active stock-pickers and passive index trackers.
About ANZ Investments
Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
See all funds from ANZ Investments →Common questions
Questions people ask about ANZ Investments OneAnswer Australian Share Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised financial adviser.
Are ANZ shares a good investment?
The ANZ Investments OneAnswer Australian Share Fund holds ANZ among diversified Australian equities; however, investment suitability depends on individual circumstances, risk tolerance, and goals. This fund's 5-year return after fees was 8.31% p.a. as at the latest QFU, with a risk indicator of 5/7 on the FMA standardised scale. For personalised advice, consult a financial adviser or review the fund's PDS and FMA Disclose register entry.
What happened to Anz share investing?
ANZ Investments offers this Australian Share Fund through InvestNow and directly; for service changes or product updates, check the ANZ Investments website or contact them directly at https://www.anz.co.nz/personal/investing-kiwisaver. The latest fund performance and holdings data are available via the FMA Disclose register.
Head-to-head
Compare ANZ Investments OneAnswer Australian Share Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Australasian Equities funds
Same manager
Other funds by ANZ Investments
- ANZ Investments OneAnswer Balanced FundDiversified
- ANZ Investments OneAnswer Conservative Balanced FundDiversified
- ANZ Investments OneAnswer Conservative FundDiversified
FMA risk band
Same risk band (5/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
View risk band 5 funds →AI & integrations
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the ANZ Investments OneAnswer Australian Share Fund?
ANZ Investments OneAnswer Australian Share Fund is managed by ANZ Investments. Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
What asset class is the ANZ Investments OneAnswer Australian Share Fund?
It is a australasian equities managed fund. Funds investing primarily in shares listed on the NZX (New Zealand) or ASX (Australia), or both as Trans-Tasman portfolios. Includes active stock-pickers and passive index trackers.
What are the fees for the ANZ Investments OneAnswer Australian Share Fund?
The annual fund charge for the ANZ Investments OneAnswer Australian Share Fund is 1.09% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the ANZ Investments OneAnswer Australian Share Fund?
The risk indicator is 5/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the ANZ Investments OneAnswer Australian Share Fund a PIE fund?
Yes. The ANZ Investments OneAnswer Australian Share Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the ANZ Investments OneAnswer Australian Share Fund?
Fund size (assets under management) is NZ$22 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the ANZ Investments OneAnswer Australian Share Fund invest in?
The latest published top holdings are: BHP Group Limited (12.05%), Commonwealth Bank of Australia (8.68%), National Australia Bank Limited (6.08%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the ANZ Investments OneAnswer Australian Share Fund?
The ANZ Investments OneAnswer Australian Share Fund is available via ANZ Investments directly. Always read the current Product Disclosure Statement before investing.
Are ANZ shares a good investment?
The ANZ Investments OneAnswer Australian Share Fund holds ANZ among diversified Australian equities; however, investment suitability depends on individual circumstances, risk tolerance, and goals. This fund's 5-year return after fees was 8.31% p.a. as at the latest QFU, with a risk indicator of 5/7 on the FMA standardised scale. For personalised advice, consult a financial adviser or review the fund's PDS and FMA Disclose register entry.
What happened to Anz share investing?
ANZ Investments offers this Australian Share Fund through InvestNow and directly; for service changes or product updates, check the ANZ Investments website or contact them directly at https://www.anz.co.nz/personal/investing-kiwisaver. The latest fund performance and holdings data are available via the FMA Disclose register.