Aurellan Hedged Global Shares Fund
Aurellan Hedged Global Shares Fund is an international equities managed fund from Aurellan with a fund size of NZ$27.3 million and an annual fund charge of 1.12%, as shown on Sorted Smart Investor on 22 May 2026.
AManaged by AurellanFund data last refreshed · holdings as filed to 31/03/2026
Aurellan Hedged Global Shares Fund is a international equities managed fund operated by Aurellan; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 1.12% · minimum investment NZ$5,000 · distributions no distributions (accumulating). Compared with 83 other same-category funds on this site, the 1.12% annual fund charge sits above the same-category median of 0.62%.
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 ourPIR guideandPIE tax basicsfor the full picture, or use thePIR calculatorto confirm your rate.
Annual fund charge
1.12%
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$27.3m
98% growth · 2% income
The Fund aims to provide exposure to a diversified portfolio of global shares managed using a manager-of-managers approach. The Fund aims to outperform its benchmark, the MSCI All Country World Net Total Return Index hedged to New Zealand dollars, after fees and before taxes, over rolling 5 year periods. The Fund mitigates currency risk by hedging most major foreign currency exposures to New Zealand dollars.
How Aurellan Hedged Global Shares Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Benchmark
- MSCI All Country World Net Total Return Index hedged to New Zealand dollars
- Top 3 holdings
- Cash at Bank (BNZ) (3.8%) · Meta Platforms Inc (3.1%) · Alphabet Inc Cap Stk Cl A (2.9%)
Key facts
Fund start date
17 December 2025
Min. investment
NZ$5,000
Subsequent: NZ$500
Distributions
No distributions (accumulating)
Buy / sell spread
15 bps (0.15%) / 15 bps (0.15%)
Transaction cost on subscription / redemption
Tax structure
PIE
Capped at your PIR (max 28%)
Currency
NZD hedged
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Global equities | 100% | 90% | 100% |
| Cash and cash equivalents | — | 0% | 10% |
Responsible-investment approach
Practical suitability for New Zealand investors is considered when selecting underlying investment managers, including accessing the underlying investment manager in a manner which considers ESG integration and exclusions.
Derivatives policy
Derivative instruments including currency hedging instruments are permitted for the Aurellan Hedged Global Shares Fund for the purpose of hedging most major foreign currency exposures to New Zealand dollars. Derivatives are not listed as permitted investments for the Aurellan Global Shares Fund.
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.
- FundRock NZ Limited acknowledges that because it and registry manager Apex NZ share the same ultimate parent (Apex Group Limited), commercial terms agreed between them may favour Apex NZ at investors' expense.
- FundRock NZ Limited discloses that Apex NZ, a related party under common Apex Group ownership, is paid to provide registry services to the Scheme, meaning fund money flows to a connected entity.
- FundRock NZ Limited discloses that staff of both FundRock NZ and Aurellan Asset Management, and their families, may invest in the Funds, creating a potential conflict between their personal interests and investor interests.
Generated 2026-05-28 from Aurellan Investment Funds OMI (dated 2026-03-30). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
Scheme disclosures
From the Other Material Information (OMI) document. Scheme-level — applies to every fund in this scheme.
Trustee / Supervisor
Public Trust
Auditor
PricewaterhouseCoopers
Custodian
BNP Paribas Fund Services Australasia Pty Limited
Conflicts disclosed
2
In OMI
Conflicts of interest disclosed in OMI
- FundRock NZ Limited and registry manager Apex NZ are both ultimately owned by Apex Group Limited, which may influence FundRock to agree commercial terms with Apex NZ more favourable to Apex NZ than would otherwise be the case, benefiting Apex NZ at the expense of investors.
- Parties related to the Funds, including staff of Aurellan Asset Management Limited and their families, and staff of FundRock NZ Limited and their families, may from time to time invest in the Funds.
How this fund compares to peers
Mechanical comparison vs the 84 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.
Aurellan Hedged Global Shares Fund: 1.12% per annum. International Equities median across 84 funds:0.62%. This fund is 0.50 percentage points above the category median.
Annual fund charge
1.12%
Category median: 0.62%
Mid-pack — cheaper than 25% of peers
Fund size
NZ$27.3m
Category median: NZ$104.3m
24th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$548
Compounded charge over 5 years (excl. returns)
$241 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.
Complete portfolio
This fund files 222 holdings with the FMA as at 31/03/2026. The largest 25 are shown.
Top 10 concentration: 20.3% of net assets.
Direct disclosed holdings only — a floor on exposure, not a total. Filings list wrappers and securities together, so a fund holding another fund shows no look-through here. Disclosed rows account for 100.0% of net assets. Percentages are of this fund's net assets and are safe to sum within this fund only.
| Holding | % of fund | |
|---|---|---|
| META PLATFORMS INC | 3.07% | |
| ALPHABET INC CAP STK CL A | 2.85% | |
| NVIDIA CORP | 2.35% | |
| APPLE INC | 2.01% | |
| AMAZON COM INC | 1.99% | |
| MICROSOFT CORP | 1.77% | |
| TESLA INC | 1.69% | |
| BOEING CO COM US$5 | 1.56% | |
| MERCADOLIBRE INC | 1.52% | |
| NETFLIX INC | 1.45% | |
| TENCENT HLDGS LIMITED | 1.36% | |
| SHOPIFY INC COM NPV CL A | 1.33% | |
| KERING | 1.30% | |
| ALPHABET INC CAP CL C | 1.23% | |
| NOVARTIS AG | 1.11% | |
| ORACLE CORP | 1.07% | |
| BROADCOM ORD SHS | 1.05% | |
| ALNYLAM PHARMACEUTICALS INC | 0.97% | |
| ALSTOM SA | 0.95% | |
| VALERO ENERGY CORP | 0.95% | |
| NEC ELECTRONICS CORP | 0.94% | |
| BRISTOL MYERS SQUIBB COMPANY | 0.94% | |
| VISA INC - A | 0.92% | |
| CARNIVAL CORP USD | 0.91% | |
| CITIGROUP INC USD | 0.91% |
Every NZ managed fund must file its complete portfolio with the FMA each quarter. Where a line is itself a fund, trust or ETF, the securities inside it are not broken out here.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
$Cash at Bank (BNZ) | 3.84% |
 Meta Platforms Inc | 3.07% |
 Alphabet Inc Cap Stk Cl A | 2.85% |
 Nvidia Corp | 2.35% |
 Apple Inc | 2.01% |
 Amazon Com Inc | 1.99% |
 Microsoft Corp | 1.77% |
 Tesla Inc | 1.69% |
 Boeing Co Com Us$5 | 1.56% |
MEMercadolibre Inc | 1.52% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- AURELLAN HEDGED GLOBAL SHARES FUND (FND60480) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 6.62 KB
- 20260401 Aurellan Investment Funds PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 430.29 KB
- 20260331 Aurellan Hedged Global Shares QFU.pdf The quarterly update published by the provider PDF, 418.08 KB
- 20260401 Aurellan Investment Funds OMI.pdf Other Material Information document PDF, 376.60 KB
- Aurellan Investment Funds SIPO 2 December 2025.pdf Statement of investment policy and objectives PDF, 382.60 KB
Check this fund yourself
Registered with the FMA as FND60480. Every figure on this page can be checked against these primary sources.
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 Aurellan
NZ boutique offering global-equity exposure in hedged and unhedged PIE wrappers.
Aurellan has 2 retail funds in our coverage across International Equities strategies, with annual fund charges from 1.12% to 1.12% a year.
Based in Wellington.
Head-to-head
Compare Aurellan Hedged Global Shares Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International Equities funds
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.
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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 Aurellan Hedged Global Shares Fund?
Aurellan Hedged Global Shares Fund is managed by Aurellan. NZ boutique offering global-equity exposure in hedged and unhedged PIE wrappers.
What asset class is the Aurellan Hedged Global Shares Fund?
It is a international equities managed fund. The fund has a growth risk profile. 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 Aurellan Hedged Global Shares Fund?
The annual fund charge for the Aurellan Hedged Global Shares Fund is 1.12% 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 Aurellan Hedged Global Shares 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 Aurellan Hedged Global Shares Fund a PIE fund?
Yes. The Aurellan Hedged Global Shares 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 Aurellan Hedged Global Shares Fund?
Fund size (assets under management) is NZ$27 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Aurellan Hedged Global Shares Fund invest in?
The latest published top holdings are: Cash at Bank (BNZ) (3.84%), Meta Platforms Inc (3.07%), Alphabet Inc Cap Stk Cl A (2.85%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Is the Aurellan Hedged Global Shares Fund currency-hedged?
Yes. The Aurellan Hedged Global Shares Fund hedges its foreign-currency exposure back to NZD. This reduces the impact of NZD/foreign-currency movements on returns but adds a hedging cost.
How can I invest in the Aurellan Hedged Global Shares Fund?
The Aurellan Hedged Global Shares Fund is available via Aurellan directly. Always read the current Product Disclosure Statement before investing.