BetaShares NZ Sustainability Leaders Fund
BetaShares NZ Sustainability Leaders Fund is an Australasian equities managed fund from BetaShares with a fund size of NZ$34.3 million and an annual fund charge of 0.59%, as shown on Sorted Smart Investor on 22 May 2026.
Managed by BetaSharesFund data last refreshed · holdings as filed to 31/03/2026
BetaShares NZ 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 56 other same-category funds on this site, the 0.59% annual fund charge sits below the same-category median of 1.01%.
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
0.59%
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$34.3m
98% growth · 2% income
The Fund 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 NZ Sustainability Leaders Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Responsible-investment screen
- Excludes Fossil fuels – direct (0%); Fossil fuels – indirect products and services (>5%); largest global financiers of fossil fuels and significant fossil fuel infrastructure; Gambling – casinos, manufacture of gaming products, poker machine operations (0%); distribution >5%, plus 12 additional categories (full list in the SIPO).
- Top 3 holdings
- Fisher & Paykel Healthcare (9.8%) · Xero (9.7%) · Auckland International Airport (9.3%)
Key facts
Fund start date
5 November 2024
Min. investment
NZ$500,000
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 – indirect products and services (>5%); largest global financiers of fossil fuels and significant fossil fuel infrastructure
- Gambling – casinos, manufacture of gaming products, poker machine operations (0%); distribution >5%
- Tobacco – production or manufacture (0%); sale >5%
- Uranium and nuclear energy – uranium mining and nuclear energy (0%); products and services >5%
- Armaments and militarism – manufacture of armaments and weapons (0%); significant services to military >5%
- Destruction of valuable environments (0%)
- Animal cruelty (0%)
- Chemicals of concern (0%)
- Alcohol – production >5%; sale >20%
- Junk foods – production or sale >33%
- Pornography – production (0%); distribution >5%
- Human and labour rights violations
- Board diversity – no women on board of directors
- Payday lending (0%)
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 57 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.
BetaShares NZ Sustainability Leaders Fund: 0.59% per annum. Australasian Equities median across 57 funds:1.00%. This fund is 0.41 percentage points below the category median.
Annual fund charge
0.59%
Category median: 1.00%
Cheaper than 69% of peers
Fund size
NZ$34.3m
Category median: NZ$71.5m
32th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$292
Compounded charge over 5 years (excl. returns)
$199 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.
Complete portfolio
This fund files 41 holdings with the FMA as at 31/03/2026. The largest 25 are shown.
Top 10 concentration: 70.4% 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 99.4% of net assets. Percentages are of this fund's net assets and are safe to sum within this fund only.
| Holding | % of fund | |
|---|---|---|
| Fisher & Paykel Healthcare | 9.75% | |
| Xero | 9.74% | |
| Auckland International Airport | 9.28% | |
| Infratil | 9.22% | |
| a2 Milk | 8.39% | |
| Meridian Energy | 7.64% | |
| Mercury NZ | 4.62% | |
| Spark New Zealand | 4.15% | |
| Mainfreight | 3.86% | |
| Chorus | 3.74% | |
| EBOS Group | 3.58% | |
| Fletcher Building | 2.80% | |
| Goodman Property Trust | 2.16% | |
| Port of Tauranga | 2.08% | |
| Summerset Group Holdings | 1.90% | |
| Precinct Properties Group | 1.69% | |
| Freightways Group | 1.69% | |
| Ryman Healthcare | 1.60% | |
| Kiwi Property Group | 1.31% | |
| Vital Healthcare Property Trus | 0.98% | |
| Property for Industry | 0.94% | |
| Heartland Group Holdings | 0.86% | |
| Argosy Property | 0.80% | |
| Skellerup Holdings | 0.79% | |
| Gentrack Group | 0.60% |
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 |
|---|---|
 Fisher & Paykel Healthcare | 9.75% |
 Xero | 9.74% |
 Auckland International Airport | 9.28% |
 Infratil | 9.22% |
 A2 Milk | 8.39% |
 Meridian Energy | 7.64% |
 Mercury NZ | 4.62% |
 Spark New Zealand | 4.15% |
 Mainfreight | 3.86% |
 Chorus | 3.74% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- BETASHARES NZ SUSTAINABILITY LEADERS FUND (FND52371) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 1.33 KB
- 20260331 BCNZL PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 846.45 KB
- Betashares NZ Sustainability Leaders Fund Quarterly Report.pdf The quarterly update published by the provider PDF, 165.16 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.
BetaShares has 7 retail funds in our coverage across Australasian Equities, International FI and International Equities strategies, with annual fund charges from 0.23% to 0.79% a year.
Based in Sydney.
Head-to-head
Compare BetaShares NZ 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 NZ Sustainability Leaders Fund?
BetaShares NZ 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 NZ 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 NZ Sustainability Leaders Fund?
The annual fund charge for the BetaShares NZ Sustainability Leaders Fund is 0.59% 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 NZ 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 NZ Sustainability Leaders Fund a PIE fund?
Yes. The BetaShares NZ 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 NZ Sustainability Leaders Fund?
Fund size (assets under management) is NZ$34 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the BetaShares NZ Sustainability Leaders Fund invest in?
The latest published top holdings are: Fisher & Paykel Healthcare (9.75%), Xero (9.74%), Auckland International Airport (9.28%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Does the BetaShares NZ Sustainability Leaders Fund apply responsible-investment screens?
Yes. The BetaShares NZ 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 NZ Sustainability Leaders Fund?
The BetaShares NZ Sustainability Leaders Fund is available via BetaShares directly. Always read the current Product Disclosure Statement before investing.