Daintree High 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
0.90%
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$744k
0% growth · 100% income
The Fund invests into the Daintree High Income Trust (Underlying Fund) that has a diversified portfolio of international credit fixed income securities and cash, with an allocation to non-investment grade securities. This Underlying Fund applies a range of strategies that include duration and yield curve management, sector rotation and individual security selection. The aim of the Fund is to provide income over the medium term and a total return (after fees) that exceeds the Benchmark.
Key facts
Fund start date
4 November 2025
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
0.90%
Category median: 0.70%
Pricier than most peers (top 79% by fee)
Fund size
NZ$744k
Category median: NZ$141.0m
5th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$442
Compounded charge over 5 years (excl. returns)
$97 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 |
|---|---|
| DH DAINTREE HIGH INCOME TRUST NZD | 98.06% |
| $ NZD CASH AT BANK | 1.94% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- DAINTREE HIGH INCOME PIE (FND61621) 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 High Income PIE 31 December 2025.pdf The quarterly update published by the provider PDF, 496.66 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 High 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 High Income PIE?
Daintree High 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 High Income PIE?
It is a international fi managed fund. The fund has a balanced 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 High Income PIE?
The annual fund charge for the Daintree High Income PIE is 0.90% 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 High 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 High Income PIE a PIE fund?
Yes. The Daintree High 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 High Income PIE?
Fund size (assets under management) is NZ$743,740.08 as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the Daintree High Income PIE invest in?
The latest published top holdings are: DAINTREE HIGH INCOME TRUST NZD (98.06%), NZD CASH AT BANK (1.94%). 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 High Income PIE?
The Daintree High Income PIE is available via InvestNow, Daintree directly. Always read the current Product Disclosure Statement before investing.