Aurellan Hedged Global Shares Fund
A Managed by AurellanPIE 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
1.12%
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 mitigates currency risk by hedging most major foreign currency exposures to New Zealand dollars.
Key facts
Fund start date
17 December 2025
Min. investment
NZ$5,000
Tax structure
PIE
Capped at your PIR (max 28%)
Currency
NZD hedged
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
1.12%
Category median: 0.60%
Mid-pack — cheaper than 27% of peers
Fund size
NZ$27.3m
Category median: NZ$94.4m
26th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$548
Compounded charge over 5 years (excl. returns)
$251 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 |
|---|---|
| $ 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% |
| BC Boeing Co Com Us$5 | 1.56% |
| ME Mercadolibre 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
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.
See all funds from Aurellan →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
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 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.