# Elevation Capital Global Shares Fund

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** Elevation Capital
- **Asset class:** International Equities
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The Elevation Capital Global Shares Fund is a international equities managed fund run by Elevation Capital. Concentrated value-style global equity manager.

## Investment objective (from PDS)

> The principal objective of the Fund is to achieve positive absolute returns after fees and expenses but before tax over the long term (that is a period of at least five years). We seek to achieve this objective by providing investors with long-term income and capital growth by directly investing in shares (equity securities) on a global basis.

Source: Product Disclosure Statement dated 2026-05-07 (Tier A, lodged on FMA Disclose register). https://smartinvestor.sorted.org.nz/disclose-document/7f486d9d3ee840e6/The-Curve-Fund-PDS.pdf

## Fund data

- **Annual fund charge:** 1.80% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 3.40% p.a.
- **Risk indicator:** 6/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$23 million
- **Asset mix:** 78% growth assets · 22% income assets
- **Fund started:** 9 December 2008
- **Minimum initial investment:** NZ$5,000

## Top 10 holdings

1. Rakon Ltd — 8.59%
2. Alphabet Inc Class A — 3.82%
3. Adobe Systems Inc — 3.69%
4. PUIG SM Equity — 3.69%
5. The Swatch Group AG — 3.28%
6. L'Oreal SA - Loyalty 2027 — 3.05%
7. Remy Cointreau — 2.85%
8. Hermes International — 2.81%
9. Kering — 2.80%
10. Diageo Plc — 2.79%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## Additional terms (from PDS)

- **Minimum subsequent investment:** NZ$100
- **Distribution cadence:** annually

## Investment policy (from SIPO)

### Strategic asset allocation ranges

| Asset class | Target | Min | Max |
| --- | ---: | ---: | ---: |
| Unlisted shares (total exposure) | — | 0% | 10% |
| Any single listed equity security | — | — | 5% |
| Any single unlisted equity security | — | — | 5% |

### Derivatives policy

The Fund will not utilise options or futures contracts (derivatives), excluding foreign currency forward contracts and currency options used solely for hedging purposes. The Fund will not undertake short-selling.

### Exclusions

- Short-selling
- Leverage / borrowing
- Options and futures contracts (other than FX hedging instruments)

Source: Statement of Investment Policy and Objectives dated 2026-05-18. https://smartinvestor.sorted.org.nz/disclose-document/12481df5e5204e7f/The-Curve-Fund-SIPO.pdf

## How to invest

Available via: Elevation Capital directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Elevation%20Capital%20Global%20Shares%20Fund
- **Product Disclosure Statement:** /disclose-document/7f486d9d3ee840e6/The-Curve-Fund-PDS.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH11207/OFR11348/FND3120/
- **Manager website:** https://www.elevationcapital.co.nz

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

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- **Structured data (JSON):** https://managedfunds.nz/funds/elevation-capital/global-shares/data.json
- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
- **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt

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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.