Dimensional Five-Year Diversified Fixed Interest PIE Fund
Managed by Dimensional 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
0.28%
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$276.4m
0% growth · 100% income
Ordinarily the Fund gets exposure to a diverse portfolio of high credit quality corporate and government global fixed interest securities, with a maximum maturity of five years from the date of settlement. Dimensional generally changes the portfolio's exposure to term risk in response to changes in security prices. The Fund intends to achieve this exposure by investing in funds and/or directly in fixed interest securities. The Fund may also hold cash or cash equivalent securities, and currency hedging instruments.
Key facts
Fund start date
20 November 2024
Min. investment
NZ$25,000
Tax structure
PIE
Capped at your PIR (max 28%)
Currency
NZD hedged
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
0.28%
Category median: 0.70%
Cheaper than 92% of peers
Fund size
NZ$276.4m
Category median: NZ$141.0m
73th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$139
Compounded charge over 5 years (excl. returns)
$206 less 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 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
| BK Belgium Kingdom 0.100000% 06/22/2030 | 2.70% |
| NZ New Zealand Government 4.500000% 05/15/2030 | 2.62% |
| E2 Efsf 2.625000% 05/07/2030 | 2.50% |
| BB Bng Bank Nv 2.500000% 05/21/2030 | 2.16% |
| PO Province Of Alberta 2.050000% 06/01/2030 | 2.12% |
| EU European Union 1.625000% 12/04/2029 | 2.02% |
| EB European Bk Recon & Dev 3.959800% 02/16/2029 | 2.01% |
| LB L-Bank Bw Foerderbank 2.375000% 07/04/2030 | 1.82% |
| KO Kuntarahoitus Oyj 2.625000% 12/14/2029 | 1.73% |
| PO Province Of Quebec 2.300000% 09/01/2029 | 1.65% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- DIMENSIONAL FIVE-YEAR DIVERSIFIED FIXED INTEREST PIE FUND (FND52721) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 12.26 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 Five Year Diversified Fixed Interest PIE QFU.pdf The quarterly update published by the provider PDF, 499.28 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 in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
About Dimensional
Global systematic investment manager (US-headquartered) with a sustainability-screened fund range distributed in NZ as PIEs by FundRock NZ.
Parent: FundRock NZ (issuer)
See all funds from Dimensional →Head-to-head
Compare Dimensional Five-Year Diversified Fixed Interest PIE Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International FI funds
AI & integrations
Use this fund inside the tools you already use
Every fund on ManagedFundsNZ ships in three formats so AI assistants and data tools can consume it without scraping: a canonical HTML page, a plain Markdown twin, and a structured JSON twin. Citation back to the canonical URL is required; full reuse policy at /llms-policy.txt.
- Canonical (HTML)managedfunds.nz/funds/dimensional/five-year-diversified-fixed-interest/This page. Browsable.
- Markdown twinmanagedfunds.nz/funds/dimensional/five-year-diversified-fixed-interest/markdown.mdPlain text. AI-crawler-ready.
- Structured (JSON)managedfunds.nz/funds/dimensional/five-year-diversified-fixed-interest/data.jsonMachine-parseable.
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 Five-Year Diversified Fixed Interest PIE Fund?
Dimensional Five-Year Diversified Fixed Interest 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 Five-Year Diversified Fixed Interest PIE Fund?
It is a international fi managed fund. Funds investing in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
What are the fees for the Dimensional Five-Year Diversified Fixed Interest PIE Fund?
The annual fund charge for the Dimensional Five-Year Diversified Fixed Interest PIE Fund is 0.28% 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 Five-Year Diversified Fixed Interest PIE Fund?
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 Dimensional Five-Year Diversified Fixed Interest PIE Fund a PIE fund?
Yes. The Dimensional Five-Year Diversified Fixed Interest 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 Five-Year Diversified Fixed Interest PIE Fund?
Fund size (assets under management) is NZ$276 million as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the Dimensional Five-Year Diversified Fixed Interest PIE Fund invest in?
The latest published top holdings are: Belgium Kingdom 0.100000% 06/22/2030 (2.70%), New Zealand Government 4.500000% 05/15/2030 (2.62%), Efsf 2.625000% 05/07/2030 (2.50%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Is the Dimensional Five-Year Diversified Fixed Interest PIE Fund currency-hedged?
Yes. The Dimensional Five-Year Diversified Fixed Interest PIE Fund hedges its foreign-currency exposure back to NZD. This reduces the impact of NZD/foreign-currency movements on returns but adds a hedging cost.
How can I invest in the Dimensional Five-Year Diversified Fixed Interest PIE Fund?
The Dimensional Five-Year Diversified Fixed Interest PIE Fund is available via InvestNow. 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 3/7 on the FMA standardised scale, reflecting exposure to interest-rate movements and credit risk from its fixed-interest holdings. The fund's ~99.87% allocation to income assets (primarily bonds) means capital values may fluctuate with bond yields and issuer creditworthiness; as at the latest QFU, top holdings include government and supranational bonds. Check the full PDS on the fund manager's website and the FMA Disclose register for detailed risk disclosures.
Is Dimensional a good company?
Dimensional is an established global investment manager; information about its operations, regulatory status, and fund performance can be found on its website (dimensional.com) and via the FMA Disclose register. Evaluate the fund itself using objective criteria such as annual fund charge (0.28% p.a., which is below the peer-cohort average of 0.66% p.a. for this category), fund size (NZ$276,424,762 as at the latest QFU), and risk profile, rather than company reputation alone.