Daintree Core Income PIE
Managed by Daintree 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
0.73%
vs peer avg 0.65%
Risk indicator
3/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 1.17%
Fund size
NZ$336.9m
0% growth · 100% income
The Fund invests into the Daintree Core Income Trust with a diversified portfolio of international credit and fixed income securities and cash and applies a range of strategies that include duration and yield curve management, (actively managing the maturity profile of the portfolio), sector rotation and individual security selection. The aim of the Fund is to provide an absolute return (greater than cash) over time and a steady stream of income and capital stability over the medium term.
Key facts
Fund start date
14 August 2024
Min. investment
NZ$10,000
Tax structure
PIE
Capped at your PIR (max 28%)
How this fund compares to peers
Mechanical comparison vs the 31 other international fi 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
0.73%
Category median: 0.70%
Mid-pack — cheaper than 47% of peers
Fund size
NZ$336.9m
Category median: NZ$141.0m
Top 24% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$360
Compounded charge over 5 years (excl. returns)
$15 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 2 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
| DC Daintree Core Income Trust NZD | 99.17% |
| $ NZD Cash at Bank | 0.83% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- DAINTREE CORE INCOME PIE (FND49744) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.43 KB
- Daintree PDS 2 April 26 FINAL.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 456.58 KB
- Daintree Core Income PIE 31 March 2026.pdf The quarterly update published by the provider PDF, 245.17 KB
- Daintree OMI 2 April 26 FINAL.pdf Supplementary information to the PDS. PDF, 323.72 KB
- Daintree Capital ESG Policy.pdf This is the ESG Policy of the underlying manager of the Daintree Funds. PDF, 440.83 KB
- Daintree SIPO 2 April 26 FINAL.pdf Statement of investment policy and objectives PDF, 130.63 KB
About this category
Funds investing in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
About Daintree
Australian absolute-return credit specialist with Core Income and High Income PIE funds for NZ investors.
See all funds from Daintree →Head-to-head
Compare Daintree Core Income PIE with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International FI 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 Daintree Core Income PIE?
Daintree Core Income PIE is managed by Daintree. Australian absolute-return credit specialist with Core Income and High Income PIE funds for NZ investors.
What asset class is the Daintree Core Income PIE?
It is a international fi managed fund. The fund has a conservative risk profile. Funds investing in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
What are the fees for the Daintree Core Income PIE?
The annual fund charge for the Daintree Core Income PIE is 0.73% 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 Daintree Core Income PIE?
The risk indicator is 3/7 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 Daintree Core Income PIE a PIE fund?
Yes. The Daintree Core Income PIE 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 Daintree Core Income PIE?
Fund size (assets under management) is NZ$337 million as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the Daintree Core Income PIE invest in?
The latest published top holdings are: Daintree Core Income Trust NZD (99.17%), NZD Cash at Bank (0.83%). 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 Daintree Core Income PIE?
The Daintree Core Income PIE is available via InvestNow, Daintree directly. Always read the current Product Disclosure Statement before investing.