# Fisher Funds Trans Tasman Equity Trust > Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings. - **Manager:** Fisher Funds (Fisher Funds Management Limited) - **Asset class:** Australasian 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 Fisher Funds Trans Tasman Equity Trust is a australasian equities managed fund run by Fisher Funds. One of NZ’s largest active managers; growth-focused process across NZ, Aus, global and fixed income. ## Investment objective (from PDS) > Focuses on growth of your investment over the long term by investing in Australasian companies. Source: Product Disclosure Statement dated 2026-03-05 (Tier A, lodged on FMA Disclose register). https://smartinvestor.sorted.org.nz/disclose-document/mdo851c67fdc95b0acd0bf27e0bb3eaa1ea/Fisher-Funds-Investment-Series-PDS-10-Mar-2026.pdf ## Fund data - **Annual fund charge:** 1.63% p.a. (from the latest Quarterly Fund Update) - **5-year return (after charges, after tax at 28% PIR):** 0.55% p.a. - **Risk indicator:** 5/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk) - **Fund size (AUM):** NZ$65 million - **Asset mix:** 98% growth assets · 2% income assets - **Fund started:** 29 November 1985 - **Minimum initial investment:** NZ$5,000 ## Top 10 holdings 1. Fisher & Paykel Healthcare Corp Ltd — 9.19% 2. Infratil Limited — 6.91% 3. Mainfreight Limited — 4.51% 4. BHP Group Limited — 4.35% 5. Xero Limited — 3.77% 6. Auckland International Airport Limited — 3.44% 7. Summerset Group Ltd — 3.18% 8. EBOS Group Limited — 2.99% 9. Commonwealth Bank Ord — 2.66% 10. The A2 Milk Company Limited — 2.65% 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$1,000 - **Distribution cadence:** No distributions (accumulating) ## Investment policy (from SIPO) ### Strategic asset allocation ranges | Asset class | Target | Min | Max | | --- | ---: | ---: | ---: | | Cash and cash equivalents | 0% | 0% | 20% | | Australasian shares | 100% | 0% | 100% | | Alternatives | 0% | 0% | 15% | ### Responsible-investment approach Fisher Funds maintains a Master Exclusion List (MEL) identifying countries, sectors and entities not aligned with its responsible investment approach or excluded by law; integrates ESG factors into fundamental research using proprietary and third-party ESG research; and exercises active stewardship through its Proxy Voting Policy across all relevant portfolios. ### Derivatives policy Each fund is permitted to use derivatives that reference investments authorised in the SIPO. Where derivatives are used, the resulting portfolio exposures to investments plus the economic exposure derived by derivative positions must comply with all appropriate guidelines in the SIPO. Source: Statement of Investment Policy and Objectives dated 2026-03-08. https://smartinvestor.sorted.org.nz/disclose-document/mdo34b331329a7cacf1d94f5e6c7e9221b2/Fisher-Funds-Investment-Series-SIPO-10-Mar-2026.pdf ## Scheme disclosures (from OMI) Scheme-level. The same disclosures apply to every fund in this scheme. - **Trustee / Supervisor:** Trustees Executors Limited - **Custodian:** Apex Investment Administration (NZ) Limited - **Conflicts of interest disclosed in OMI:** 3 ### Conflicts of interest (verbatim from OMI) - The funds in the Scheme invest in wholesale funds that are also managed by Fisher Funds, creating a potential conflict of interest where Fisher Funds acts as manager of both the investing fund and the underlying wholesale fund. - Fisher Funds may pay service fees of up to 0.25% per annum to financial advisers, distributors, and other intermediaries for the origination and/or ongoing servicing of investors, which may create an incentive for those intermediaries to recommend the Scheme. - Fisher Funds may make payments of up to 0.075% per annum to adviser associations to support professional activities, which may create an indirect conflict of interest. ### Related-party transactions - **Fisher Funds Management Limited (wholesale funds)** (Same manager — funds in the Scheme invest in wholesale funds also managed by Fisher Funds) — Management fees on investments in wholesale funds; Fisher Funds fully rebates the management fee where one is incurred · Generally nil; where a fee is incurred, Fisher Funds fully rebates the management fee Source: Other Material Information document dated 2025-09-15. https://smartinvestor.sorted.org.nz/disclose-document/mdobcfcc085c51240cf4ff13dae34155428/Fisher-Funds-Investment-Series-OMI-30-Sep-2025.pdf ## How to invest Available via: Fisher Funds 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=Fisher%20Funds%20Trans%20Tasman%20Equity%20Trust - **Product Disclosure Statement:** /disclose-document/mdo851c67fdc95b0acd0bf27e0bb3eaa1ea/Fisher-Funds-Investment-Series-PDS-10-Mar-2026.pdf - **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10642/OFR10748/FND1067/ - **Manager website:** https://fisherfunds.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 - **Canonical HTML:** https://managedfunds.nz/funds/fisher-funds/trans-tasman-equity/ - **Markdown (this file):** https://managedfunds.nz/funds/fisher-funds/trans-tasman-equity/markdown.md - **Structured data (JSON):** https://managedfunds.nz/funds/fisher-funds/trans-tasman-equity/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 --- 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.