ANZ Investments OneAnswer International Listed Infrastructure Fund
Managed by ANZ Investments 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
0.84%
vs peer avg 0.91%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 4.91%
Fund size
NZ$97.1m
98% growth · 2% income
The International Listed Infrastructure Fund invests mainly in international listed infrastructure. Investments may include companies that invest in infrastructure and are listed or are soon to be listed, and cash and cash equivalents.The International Listed Infrastructure Fund aims to achieve a return (after the fund charge and before tax) that over the long-term outperforms the relevant market index.
Key facts
Fund start date
1 October 2021
Tax structure
PIE
Capped at your PIR (max 28%)
How this fund compares to peers
Mechanical comparison vs the 82 other international 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
0.84%
Category median: 0.60%
Mid-pack — cheaper than 40% of peers
Fund size
NZ$97.1m
Category median: NZ$94.4m
51th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$413
Compounded charge over 5 years (excl. returns)
$117 more than peer median
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 |
|---|---|
| CT Cellnex Telecom Sa | 6.47% |
| GE Getlink Se | 5.88% |
| ST Severn Trent Plc | 5.08% |
| EX Exelon Corporation | 4.67% |
| FE Ferrovial SE | 4.44% |
| SO Sempra Ordinary | 4.27% |
| AS Aena SME Ordinary | 3.95% |
| AM Ameren Corporation | 3.58% |
| SS SSE Plc | 3.56% |
| UU United Utilities Group Plc | 3.52% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- INTERNATIONAL LISTED INFRASTRUCTURE FUND (FND35137) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 7.15 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 Listed Infrastructure Fund.pdf The quarterly update published by the provider PDF, 158.21 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 in shares listed outside Australasia. Includes broad global trackers, regional funds, ESG-focused strategies, and theme funds covering automation, healthcare, water and other sectors.
About ANZ Investments
Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
See all funds from ANZ Investments →Head-to-head
Compare ANZ Investments OneAnswer International Listed Infrastructure Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International Equities 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 International Listed Infrastructure Fund?
ANZ Investments OneAnswer International Listed Infrastructure 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 International Listed Infrastructure Fund?
It is a international equities managed fund. Funds investing in shares listed outside Australasia. Includes broad global trackers, regional funds, ESG-focused strategies, and theme funds covering automation, healthcare, water and other sectors.
What are the fees for the ANZ Investments OneAnswer International Listed Infrastructure Fund?
The annual fund charge for the ANZ Investments OneAnswer International Listed Infrastructure Fund is 0.84% 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 International Listed Infrastructure 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 International Listed Infrastructure Fund a PIE fund?
Yes. The ANZ Investments OneAnswer International Listed Infrastructure 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 International Listed Infrastructure Fund?
Fund size (assets under management) is NZ$97 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 International Listed Infrastructure Fund invest in?
The latest published top holdings are: Cellnex Telecom Sa (6.47%), Getlink Se (5.88%), Severn Trent Plc (5.08%). 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 International Listed Infrastructure Fund?
The ANZ Investments OneAnswer International Listed Infrastructure Fund is available via InvestNow, ANZ Investments directly. Always read the current Product Disclosure Statement before investing.