Dimensional Australian Sustainability PIE Fund
Dimensional Australian Sustainability PIE Fund is an Australasian equities managed fund from Dimensional with a fund size of NZ$117.7 million and an annual fund charge of 0.35%, as shown on Sorted Smart Investor on 22 May 2026; its 1-year return after fees and tax was 19.60% for the year to 31 March 2026, per its quarterly fund update filed on FMA Disclose.
Managed by DimensionalFund data last refreshed · holdings as filed to 31/03/2026
Dimensional Australian Sustainability PIE Fund is a australasian equities managed fund operated by Dimensional; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 0.35% · minimum investment NZ$25,000 · distributions no distributions (accumulating). Compared with 56 other same-category funds on this site, the 0.35% 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
0.35%
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$117.7m
98% growth · 2% income
The investment objective of the Fund is to provide long-term capital growth by gaining exposure to a diversified portfolio of securities listed in Australia with increased emphasis on higher expected return securities. The Fund also takes into account certain non-financial Sustainability Considerations when making investment decisions. The Fund has a Portfolio Carbon Footprint Reduction Goal and seeks to exclude companies involved in particular business practices.
How Dimensional Australian Sustainability PIE Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Responsible-investment screen
- Excludes Coal (ownership of thermal or metallurgical coal reserves or revenue from mining of thermal coal and its sale to third-parties); Factory farming (commercial animal husbandry for food production, excluding organic/free-range farms or aquaculture); Palm oil (>10% revenue from production or distribution), plus 10 additional categories (full list in the SIPO).
- Top 3 holdings
- Commonwealth Bank Of Australia (5.7%) · Westpac Banking Corporation (4.9%) · National Australia Bank Limited (4.9%)
Key facts
Fund start date
3 October 2023
Min. investment
NZ$25,000
Subsequent: NZ$5,000
Distributions
No distributions (accumulating)
Buy / sell spread
8 bps (0.08%) / 8 bps (0.08%)
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 |
|---|---|---|---|
| Australian equities | 100% | 90% | 100% |
| Cash and cash equivalents | — | 0% | 10% |
Responsible-investment approach
The Sustainability Funds take into account non-financial sustainability considerations including a Portfolio Carbon Footprint Reduction Goal and company exclusions for involvement in coal, factory farming, palm oil, controversial weapons, nuclear weapons, tobacco, child labour, alcohol, gambling, adult entertainment, personal firearms, and private prisons. Companies are ranked on sustainability factors (carbon intensity, potential emissions from reserves, land use and biodiversity, toxic spills and releases, operational waste, and water management) and excluded, underweighted, overweighted or neutral weighted accordingly.
Exclusions
- Coal (ownership of thermal or metallurgical coal reserves or revenue from mining of thermal coal and its sale to third-parties)
- Factory farming (commercial animal husbandry for food production, excluding organic/free-range farms or aquaculture)
- Palm oil (>10% revenue from production or distribution)
- Controversial weapons (cluster munitions, landmines, biological, chemical or depleted uranium weapons or key components)
- Nuclear weapons (production, key components, delivery platforms, or support services)
- Tobacco (production of tobacco/nicotine products or >10% revenue from distribution/retail)
- Child labour (involvement in severe child labour controversies)
- Alcohol (>10% revenue from production, distribution or retail of alcoholic beverages)
- Gambling (>10% revenue from ownership or operation of gambling facilities)
- Adult entertainment (>10% revenue from production, distribution or retail of pornographic products)
- Personal firearms (production of civilian firearms/ammunition or >20% revenue from retail)
- Private prisons (operation or management of, or staffing services to, for-profit correctional/detention facilities)
- Companies associated with significant environmental controversies
Derivatives policy
The Funds are permitted to invest in derivative instruments including futures and currency hedging instruments. For the Sustainability Funds, derivatives are generally only used on a temporary basis for managing large cashflows and are not included when calculating progress against the Portfolio Carbon Footprint Reduction Goal.
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.
- FundRock acknowledges that because it and its registry provider Apex NZ share the same ultimate parent (Apex Group Limited), commercial terms for registry services may favour Apex NZ over investors.
- Dimensional discloses it may execute crossing transactions between the Funds and other Dimensional-managed funds, or invest Fund assets into those other Dimensional funds, rather than transacting on market or using third-party managers.
- Dimensional discloses that securities lending counterparties may be related to the Dimensional group, and if those transactions are not on arm's-length terms, investors could be adversely affected.
- Staff of both FundRock and Dimensional, together with their families, are permitted to invest in the Funds, which the OMI identifies as a disclosed conflict of interest.
Generated 2026-05-28 from Dimensional Investment Funds OMI (dated 2025-09-29). 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
Public Trust
Auditor
PricewaterhouseCoopers
Custodian
BNP Paribas Fund Services Australasia Pty Limited (BNP); assets may be registered in the name of BNP Paribas Nominees (NZ) Limited
Conflicts disclosed
5
In OMI
Conflicts of interest disclosed in OMI
- FundRock and Apex NZ are both ultimately owned by Apex Group Limited, which may influence FundRock to agree commercial terms with Apex NZ that are more favourable to Apex NZ than would otherwise be the case, benefiting Apex NZ at the expense of investors.
- Dimensional's relationship with Other Dimensional Funds could influence it to undertake Crossing Transactions (buying or selling assets between the Funds and Other Dimensional Funds) instead of transacting on market, or to undertake a Crossing Transaction when one or other fund would not have otherwise transacted.
- Dimensional's association with Other Dimensional Funds could influence it to invest the assets of the Funds into Other Dimensional Funds instead of into direct assets or investment funds managed by third parties.
- Dimensional could have a relationship with the counterparty borrower in a securities lending transaction (e.g., a broker that Dimensional Group engages), and if terms and fees are not on arms' length terms, investors in the Funds could be adversely affected.
- Parties related to the Funds, including the staff of Dimensional and their families, and the staff of FundRock and their families, may from time to time invest in the Funds.
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.
Dimensional Australian Sustainability PIE Fund: 0.35% per annum. Australasian Equities median across 57 funds:1.00%. This fund is 0.65 percentage points below the category median.
Annual fund charge
0.35%
Category median: 1.00%
Cheaper than 82% of peers
Fund size
NZ$117.7m
Category median: NZ$71.5m
62th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$174
Compounded charge over 5 years (excl. returns)
$316 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 137 holdings with the FMA as at 31/03/2026. The largest 25 are shown.
Top 10 concentration: 0.5% 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 2.9% of net assets. Percentages are of this fund's net assets and are safe to sum within this fund only.
| Holding | % of fund | |
|---|---|---|
| QPM ENERGY LIMITED ORDINARY FULLY PAID | 0.05% | |
| 29METALS LIMITED ORDINARY FULLY PAID | 0.05% | |
| ALKANE RESOURCES LTD | 0.05% | |
| AURELIA METALS LTD | 0.05% | |
| FOCUS MINERALS LTD | 0.05% | |
| IDP EDUCATION LTD | 0.05% | |
| TEMPLE AND WEBSTER GROUP LTD | 0.05% | |
| MADER GROUP LIMITED ORDINARY FULLY PAID | 0.05% | |
| DEXUS INDUSTRIA REIT ORD UNITS STAP SECURITIES | 0.05% | |
| GENUSPLUS GROUP LTD ORDINARY FULLY PAID | 0.05% | |
| CHRYSOS CORPORATION LIMITED ORDINARY FULLY PAID | 0.05% | |
| SOUTHERN CROSS ELECTRICAL ENGINEERING LI | 0.05% | |
| BAPCOR LIMITED ORDINARY FULLY PAID | 0.05% | |
| LYCOPODIUM LTD | 0.05% | |
| TASMEA LIMITED ORDINARY FULLY PAID | 0.05% | |
| MEGAPORT LIMITED ORDINARY FULLY PAID | 0.05% | |
| SITEMINDER LTD | 0.04% | |
| AUTOSPORTS GROUP LTD | 0.04% | |
| MITCHELL SERVICES LIMITED | 0.04% | |
| COGSTATE LTD | 0.04% | |
| BISALLOY STEEL GROUP LTD | 0.04% | |
| PINNACLE INVESTMENT MANAGEMENT GROUP LTD | 0.04% | |
| APPEN LIMITED ORDINARY | 0.04% | |
| SOUTHERN CROSS MEDIA GROUP LIMITED | 0.04% | |
| BEACON LIGHTING GROUP LIMITED ORDINARY FULLY PAID | 0.04% |
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 |
|---|---|
 Commonwealth Bank Of Australia | 5.70% |
 Westpac Banking Corporation | 4.90% |
 National Australia Bank Limited | 4.89% |
 Qbe Insurance Group Ltd | 2.89% |
FOFortescue Ltd Ordinary Fully Paid | 2.54% |
 Goodman Group | 2.38% |
 Telstra Corporation Limited | 2.31% |
 Brambles Limited | 2.10% |
 Anz Group Holdings Limited Ordinary Fully Paid | 2.09% |
 Wesfarmers Limited | 1.97% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- DIMENSIONAL AUSTRALIAN SUSTAINABILITY PIE FUND (FND45651) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 12.74 KB
- 202510 Dimensional Equity Funds PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 389.82 KB
- 20260331 Dimensional Australian Sustainability PIE QFU.pdf The quarterly update published by the provider PDF, 497.25 KB
- 202510 Dimensional Fixed Interest Funds PDS.pdf Additional product disclosure statement from the provider PDF, 393.44 KB
- 202510 Dimensional OMI.pdf Other material information PDF, 337.06 KB
- 202510 Dimensional SIPO.pdf Statement of investment policy and objectives PDF, 451.31 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 Dimensional
Global systematic investment manager (US-headquartered) with a sustainability-screened fund range distributed in NZ as PIEs by FundRock NZ.
Dimensional has 6 retail funds in our coverage across Australasian Equities, International Equities and International FI strategies, with annual fund charges from 0.25% to 0.40% a year.
Parent: FundRock NZ (issuer) — NZ-domiciled PIE wrappers issued by FundRock NZ (part of Apex Group); Dimensional Fund Advisors is the underlying investment manager.
Based in Austin.
Common questions
Questions people ask about Dimensional Australian Sustainability PIE Fund
Questions that recur in search results for this fund, answered from its filed PDS, Fund Update and FMA Disclose record. How the question set was captured is documented in our methodology. Not personal financial advice — for guidance specific to your situation, consult a licensed financial adviser.
What are the risks of investing in dimensional funds?
This fund carries a risk indicator of 5/7 on the FMA standardised scale, reflecting its ~98.31% allocation to growth assets, which experience greater price volatility than income assets. Specific risks for Australian equity funds include market, currency, and liquidity risk; see the current Product Disclosure Statement on the manager's website or the FMA Disclose register for full details.
What is a typical management fee for a fund?
Annual fund charges vary by fund type and strategy. This fund charges 0.35% p.a., which is below the peer-cohort average of 0.95% p.a. for comparable funds. Check the FMA Disclose register to compare fees across other funds in the Australasian Equities category.
Do dimensional funds outperform?
Performance data is not included in this summary. You can access historical performance figures and benchmarks for this fund via the FMA Disclose register or the manager's website to assess returns relative to relevant indices or peer funds.
Head-to-head
Compare Dimensional Australian Sustainability PIE Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Australasian Equities funds
Same manager
Other funds by Dimensional
- Dimensional Global Sustainability PIE Fund (NZD Hedged)International Equities
- Dimensional Five-Year Diversified Fixed Interest PIE FundInternational FI
- Dimensional Two-Year Sustainability Fixed Interest PIE FundInternational FI
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 Dimensional Australian Sustainability PIE Fund?
Dimensional Australian Sustainability PIE Fund is managed by Dimensional (parent: FundRock NZ (issuer)). Global systematic investment manager (US-headquartered) with a sustainability-screened fund range distributed in NZ as PIEs by FundRock NZ.
What asset class is the Dimensional Australian Sustainability PIE Fund?
It is a australasian equities managed fund. 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 Dimensional Australian Sustainability PIE Fund?
The annual fund charge for the Dimensional Australian Sustainability PIE Fund is 0.35% 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 Dimensional Australian Sustainability PIE 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 Dimensional Australian Sustainability PIE Fund a PIE fund?
Yes. The Dimensional Australian Sustainability PIE 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 Dimensional Australian Sustainability PIE Fund?
Fund size (assets under management) is NZ$118 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Dimensional Australian Sustainability PIE Fund invest in?
The latest published top holdings are: Commonwealth Bank Of Australia (5.70%), Westpac Banking Corporation (4.90%), National Australia Bank Limited (4.89%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Does the Dimensional Australian Sustainability PIE Fund apply responsible-investment screens?
Yes. The Dimensional Australian Sustainability PIE 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 Dimensional Australian Sustainability PIE Fund?
The Dimensional Australian Sustainability PIE Fund is available via Dimensional directly. Always read the current Product Disclosure Statement before investing.
What are the risks of investing in dimensional funds?
This fund carries a risk indicator of 5/7 on the FMA standardised scale, reflecting its ~98.31% allocation to growth assets, which experience greater price volatility than income assets. Specific risks for Australian equity funds include market, currency, and liquidity risk; see the current Product Disclosure Statement on the manager's website or the FMA Disclose register for full details.
What is a typical management fee for a fund?
Annual fund charges vary by fund type and strategy. This fund charges 0.35% p.a., which is below the peer-cohort average of 0.95% p.a. for comparable funds. Check the FMA Disclose register to compare fees across other funds in the Australasian Equities category.
Do dimensional funds outperform?
Performance data is not included in this summary. You can access historical performance figures and benchmarks for this fund via the FMA Disclose register or the manager's website to assess returns relative to relevant indices or peer funds.