Dimensional Global Bond Sustainability 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
0.32%
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$213.2m
0% growth · 100% income
Ordinarily the Fund gets exposure to a diverse portfolio of Investment Grade corporate and government global fixed interest securities, with a maximum maturity of twenty years from the date of settlement. Dimensional generally changes the portfolio's exposure to term risk and credit risk in response to changes in security prices, while keeping the portfolio's overall weighted average duration similar to the overall weighted average duration of the global bond market. The Fund intends to achieve this exposure by investing in funds and/or directly in fixed interest
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
0.32%
Category median: 0.70%
Cheaper than 81% of peers
Fund size
NZ$213.2m
Category median: NZ$141.0m
63th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$159
Compounded charge over 5 years (excl. returns)
$186 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 |
|---|---|
| M( Manitoba (Province Of) 4.250000% 06/02/2034 | 1.25% |
| BC British Columbia Prov Of 4.150000% 06/18/2034 | 1.23% |
| UK United Kingdom Gilt 0.625000% 07/31/2035 | 1.21% |
| CD Caisse Des Depots Et Con 3.125000% 05/25/2035 | 1.13% |
| BK Belgium Kingdom 3.100000% 06/22/2035 | 1.02% |
| CC Cppib Capital Inc 3.250000% 08/27/2035 | 0.98% |
| BB Bng Bank Nv 0.125000% 07/09/2035 | 0.93% |
| ID Inter-American Devel Bk 4.039472% 03/13/2030 | 0.89% |
| SF Siemens Financieringsmat 2.875000% 03/11/2041 | 0.88% |
| SN Societe Nationale Sncf S 3.125000% 05/25/2034 | 0.87% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- DIMENSIONAL GLOBAL BOND SUSTAINABILITY PIE FUND (FND52722) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 22.14 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 Global Bond Sustainability PIE QFU.pdf The quarterly update published by the provider PDF, 497.37 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 Global Bond Sustainability PIE Fund 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 Dimensional Global Bond Sustainability PIE Fund?
Dimensional Global Bond 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 Global Bond Sustainability 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 Global Bond Sustainability PIE Fund?
The annual fund charge for the Dimensional Global Bond Sustainability PIE Fund is 0.32% 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 Global Bond Sustainability 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 Global Bond Sustainability PIE Fund a PIE fund?
Yes. The Dimensional Global Bond 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 Global Bond Sustainability PIE Fund?
Fund size (assets under management) is NZ$213 million as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the Dimensional Global Bond Sustainability PIE Fund invest in?
The latest published top holdings are: Manitoba (Province Of) 4.250000% 06/02/2034 (1.25%), British Columbia Prov Of 4.150000% 06/18/2034 (1.23%), United Kingdom Gilt 0.625000% 07/31/2035 (1.21%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Is the Dimensional Global Bond Sustainability PIE Fund currency-hedged?
Yes. The Dimensional Global Bond Sustainability 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.
Does the Dimensional Global Bond Sustainability PIE Fund apply responsible-investment screens?
Yes. The Dimensional Global Bond 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 Global Bond Sustainability PIE Fund?
The Dimensional Global Bond Sustainability PIE Fund is available via InvestNow. Always read the current Product Disclosure Statement before investing.
Are bond funds a good investment?
Bond funds provide exposure to fixed-income securities and can serve different portfolio roles depending on your circumstances. This fund holds ~99.87% income assets (primarily bonds) with a risk indicator of 3/7 on the FMA standardised scale; check the current PDS and consult the FMA Disclose register for detailed holdings and performance data to assess suitability for your situation.
Are pie funds good?
PIE funds are a tax structure available to New Zealand investors where your tax is capped at your prescribed investor rate (maximum 28%), which can reduce tax drag compared to other structures depending on your marginal rate. This fund is structured as a PIE; compare its annual fund charge (0.32% p.a.) and tax treatment against alternatives using the FMA Disclose register.
Is pie fund better than term deposit?
PIE funds and term deposits serve different purposes: term deposits offer capital certainty and fixed returns, while PIE bond funds offer variable returns linked to bond markets and liquidity, with tax-capped treatment. The choice depends on your risk tolerance, time horizon, and investment goals; this fund's risk indicator of 3/7 and income-asset composition differ materially from a term deposit's profile.