BetaShares Australian Sustainability Leaders Fund
Managed by BetaShares BetaShares Australian Sustainability Leaders Fund is a australasian equities managed fund operated by BetaShares; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 0.59% · minimum investment NZ$500,000. Compared with 57 other same-category funds on this site, the 0.59% annual fund charge sits below the same-category median of 1.02%.
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
0.67%
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$14.9m
98% growth · 2% income
NZD SUSTAINABLE aims to provide an investment return that tracks the performance of the Solactive New Zealand Sustainable Leaders Index, before taking into account fees and expenses.
How BetaShares Australian Sustainability Leaders Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Investment style
- Index-tracking posture against the Solactive New Zealand Sustainable Leaders Index.
- Responsible-investment screen
- Excludes Fossil fuels – direct (0%); Fossil fuels – service providers (>5% of revenue); Fossil fuels – largest global financiers as identified in Banktrack report, plus 16 additional categories (full list in the SIPO).
- Top 3 holdings
- Woolworths Group (6.3%) · Telstra Corp (5.5%) · Brambles (4.4%)
Relationship to FAIR (ASX ETF)
This fund is issued by the same manager as the ASX-listed Betashares Australian Sustainability Leaders ETF (FAIR) and tracks the same index by holding the index securities directly — it does not hold the ETF itself, per Betashares NZ scheme PDS (FMA Disclose, 30 Mar 2026).
FAIR vs the NZ PIE: fees + FIF-vs-PIE tax mechanics →Key facts
Fund start date
29 May 2023
Min. investment
NZ$500,000
Buy / sell spread
5 bps (0.05%) / —
Transaction cost on subscription / redemption
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 | 100% | — | — |
| Cash | — | 0% | 1% |
Responsible-investment approach
Certain funds are integrated financial products that apply ESG screens to exclude companies materially engaged in activities inconsistent with responsible investment considerations, including fossil fuels, gambling, tobacco, armaments, and other activities, and give preference to companies identified as Sustainability Leaders by a Responsible Investment Committee.
Exclusions
- Fossil fuels – direct (0%)
- Fossil fuels – service providers (>5% of revenue)
- Fossil fuels – largest global financiers as identified in Banktrack report
- Fossil fuels – largest global insurers as identified in Banktrack report
- Fossil fuels – high dependency sectors (except critical minerals miners and companies with sustainable practices)
- Gambling – casinos, manufacture of gaming products, poker machine operations (0%); distribution >5%
- Tobacco – production or manufacture (0%); sale >5%
- Armaments and militarism – manufacture of armaments and weapons (0%); significant services to military >5%
- Uranium and nuclear energy – uranium mining and nuclear energy (0%); products and services >5%
- Destruction of valuable environments (0%)
- Animal cruelty (0%)
- Chemicals of concern (0%)
- Mandatory detention of asylum seekers and for-profit prisons (0%)
- Alcohol – production >5%; sale >20%
- Junk foods – production or sale >33%
- Pornography – production (0%); distribution >5%
- Predatory lending (0%)
- Human and labour rights violations
- Board diversity – no women on board of directors
Derivatives policy
Derivatives may be used to manage cash flows, to more efficiently obtain the desired investment exposure and for currency hedging purposes; permitted instruments include futures, options or forward foreign exchange contracts, which may be exchange traded or transacted on an OTC basis.
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.
- Betashares discloses that fund assets may be invested in ETFs issued by its Australian parent Betashares AU, meaning fees paid to that related party could increase the overall cost to investors.
- Betashares has outsourced portfolio management and trading to its Australian parent Betashares AU, and corporate services including HR and IT to related party Betashares Holdings Pty Ltd, under formal written agreements.
- Betashares acknowledges both arrangements create conflicts of interest, which it states are managed by acting in investors' best interests, transacting on the same terms as other investors, and daily monitoring.
Generated 2026-05-28 from Betashares Investment Funds Scheme 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
Trustees Executors Limited
Auditor
KPMG
Custodian
BNP Paribas Fund Services Australasia Pty Ltd
Conflicts disclosed
2
In OMI
Conflicts of interest disclosed in OMI
- Betashares may invest Fund assets in ETFs offered by its related party Betashares AU, creating a conflict of interest which is managed by only using Betashares AU-issued ETFs where considered in the best interests of investors, investing on the same terms as other investors, and monitoring daily.
- Betashares has outsourced investment management and elements of its operations to related parties Betashares AU and Betashares Holdings Pty Ltd, which is a potential conflict of interest managed through written agreements and a commitment to make all decisions in the best interests of investors.
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
0.67%
Category median: 1.01%
Cheaper than 63% of peers
Fund size
NZ$14.9m
Category median: NZ$74.1m
16th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$331
Compounded charge over 5 years (excl. returns)
$164 less 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 |
|---|---|
| WG Woolworths Group | 6.34% |
| TE Telstra Corp | 5.47% |
| BR Brambles | 4.37% |
 ResMed Inc | 3.83% |
| SG Suncorp Group | 3.75% |
 Goodman Group | 3.73% |
| SG Scentre Group | 3.72% |
| IA Insurance Australia Group | 3.71% |
| CO Computershare | 3.36% |
 CSL | 3.32% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- BETASHARES AUSTRALIAN SUSTAINABILITY LEADERS FUND (FND44172) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 1.96 KB
- 20260331 BCNZL PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 846.45 KB
- Betashares Australian Sustainability Leaders Fund Quarterly Report.pdf The quarterly update published by the provider PDF, 167.44 KB
- 20260331 BCNZL OMI.pdf Other Material Information PDF, 875.26 KB
- 20260331 BCNZL SIPO.pdf Statement of investment policy and objectives PDF, 679.82 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 BetaShares
Australian ETF and indexed-fund specialist with sustainability-leader and quality-factor PIE funds for NZ investors.
See all funds from BetaShares →Head-to-head
Compare BetaShares Australian Sustainability Leaders Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Australasian Equities funds
Same manager
Other funds by BetaShares
- BetaShares Global Sustainability Leaders FundInternational Equities
- BetaShares Australia 200 FundAustralasian Equities
- BetaShares Global Sustainability Leaders Fund (NZD Hedged)International Equities
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 BetaShares Australian Sustainability Leaders Fund?
BetaShares Australian Sustainability Leaders Fund is managed by BetaShares. Australian ETF and indexed-fund specialist with sustainability-leader and quality-factor PIE funds for NZ investors.
What asset class is the BetaShares Australian Sustainability Leaders Fund?
It is a australasian equities managed fund. The fund has a growth risk profile. 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 BetaShares Australian Sustainability Leaders Fund?
The annual fund charge for the BetaShares Australian Sustainability Leaders Fund is 0.67% 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 BetaShares Australian Sustainability Leaders 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 BetaShares Australian Sustainability Leaders Fund a PIE fund?
Yes. The BetaShares Australian Sustainability Leaders 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 BetaShares Australian Sustainability Leaders Fund?
Fund size (assets under management) is NZ$15 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the BetaShares Australian Sustainability Leaders Fund invest in?
The latest published top holdings are: Woolworths Group (6.34%), Telstra Corp (5.47%), Brambles (4.37%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Does the BetaShares Australian Sustainability Leaders Fund apply responsible-investment screens?
Yes. The BetaShares Australian Sustainability Leaders Fund applies responsible-investment or ESG screening criteria — exclusions and engagement policies are documented in the fund's Statement of Investment Policy and Objectives (SIPO). Check the SIPO for the specific screening framework used.
How can I invest in the BetaShares Australian Sustainability Leaders Fund?
The BetaShares Australian Sustainability Leaders Fund is available via BetaShares directly. Always read the current Product Disclosure Statement before investing.