Harbour Sustainable NZ Shares Fund
Managed by Harbour Harbour Sustainable NZ Shares Fund is a australasian equities managed fund operated by Harbour; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 0.27%. Compared with 57 other same-category funds on this site, the 0.27% annual fund charge sits below the same-category median of 1.02%.
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
0.27%
vs peer avg 0.91%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
0.15%
peer avg 4.91%
Fund size
NZ$380.2m
98% growth · 2% income
This Fund is designed to track the S&P/NZX 50 Portfolio Index, with exclusions to companies including but not limited to, large carbon emitters, gambling, firearms, and companies with human and animal rights violations. For full details of the exclusions for this Fund please see the Environmental, Social and Governance Policy (ESG Policy) on our website at Responsible Investing - Harbour Asset Management. There are positive and negative tilts applied to the remaining companies based on Harbour's proprietary Corporate Behaviour Score.
How Harbour Sustainable NZ Shares Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Responsible-investment screen
- Applies an RI / ESG screen disclosed in the Statement of Investment Policy.
- Top 3 holdings
- Infratil (6.2%) · Contact Energy (6.1%) · Meridian Energy (6.0%)
Key facts
Fund start date
1 April 2021
Tax structure
PIE
Capped at your PIR (max 28%)
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.
- Harbour acknowledges that FirstCape Group directors and employees may invest in Harbour funds, creating a potential conflict where their personal holdings could influence decisions made on behalf of fund investors.
- Harbour uses its 100% parent, FirstCape Group Limited, to provide staffing and banking services to the funds; Harbour states these arrangements are conducted on arms-length commercial terms.
- Retail funds invest into related Harbour Wholesale Funds, which charge an additional management fee; Harbour discloses this wholesale fee is fully rebated to the retail fund so investors are not charged twice.
- The Harbour Long Short Fund and Harbour Australasian Equity Focus Fund charge performance fees (15% and 10% respectively above their hurdle rates) with no annual reset, meaning a perpetual high-water mark must be exceeded before fees apply; the Long Short Fund has no cap on the fee amount.
Generated 2026-05-28 from Harbour Investment Funds OMI (dated 2026-05-14). 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
The New Zealand Guardian Trust Company Limited (Guardian Trust)
Auditor
PricewaterhouseCoopers
Custodian
Apex Investment Administration (NZ) Limited
Conflicts disclosed
4
In OMI
Conflicts of interest disclosed in OMI
- Directors and employees of FirstCape Group companies may invest in Harbour funds from time to time, and decisions made by directors or employees may be influenced by their investment in Harbour funds.
- Actual or perceived conflicts of interest for directors and employees of FirstCape Group companies can arise from any competing interests, and employees are required to disclose and register potential or actual conflicts of interest to FirstCape so that these can be effectively managed.
- Directors are required to disclose conflicts of interest at the beginning of each meeting, and these are recorded in the meeting minutes.
- Harbour may use related parties to provide services to the Funds, including staffing services and banking facilities and services, all conducted on arms' length commercial terms.
How this fund compares to peers
Mechanical comparison vs the 58 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.
Annual fund charge
0.27%
Category median: 1.01%
Cheaper than 85% of peers
5y return p.a. (after fees)
+0.15%
Category median: +1.68%
Lower than most peers (bottom 10% over period)
Fund size
NZ$380.2m
Category median: NZ$74.1m
Top 8% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$134
Compounded charge over 5 years (excl. returns)
$361 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.
Top 10 holdings
| Holding | % of fund |
|---|---|
 Infratil | 6.21% |
 Contact Energy | 6.09% |
 Meridian Energy | 6.01% |
 a2 Milk Company | 5.91% |
 Fisher & Paykel Healthcare | 5.81% |
 Mercury NZ | 5.69% |
 Auckland International Airport | 5.57% |
 Mainfreight | 5.22% |
 EBOS Group | 5.21% |
 Spark New Zealand | 4.73% |
Documents
- Supporting document7507 kB · file fingerprint recorded
- Supporting document2611 kB · file fingerprint recorded
- Supporting document3223 kB · file fingerprint recorded
- Supporting document2469 kB · file fingerprint recorded
- Supporting document8447 kB · file fingerprint recorded
- Supporting document4303 kB · file fingerprint recorded
- Supporting document4083 kB · file fingerprint recorded
- Supporting document4147 kB · file fingerprint recorded
- Supporting document3785 kB · file fingerprint recorded
- Quarterly Fund Update468 kB · file fingerprint recorded
- Other Material Information434 kB · file fingerprint recorded
- Statement of Investment Policy763 kB · file fingerprint recorded
- Product Disclosure Statement964 kB · file fingerprint recorded
- Product Disclosure Statement973 kB · file fingerprint recorded
- Product Disclosure Statement1288 kB · file fingerprint recorded
Also via Sorted Smart Investor
FMA Disclose mirrors and historical files from Sorted.
- HARBOUR SUSTAINABLE NZ SHARES FUND (FND22696) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 1.41 KB
- Harbour Investment Funds PDS Diversified Funds.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 963.93 KB
- Fund Update Harbour Sustainable Shares NZ Fund Mar 2026.pdf The quarterly update published by the provider PDF, 220.17 KB
- T.Rowe Price Global Equity Growth Fund (RUT)2016.pdf T. Rowe Price Global Equity Fund financial statements 30 June 2016 PDF, 5.55 MB
- Harbour NZ Fixed Interest Funds (RUT)2016.pdf Retail Harbour Fixed Interest Funds Financial statements 30 June 2016 PDF, 6.77 MB
- Harbour Australasian Equity Funds (RUT)2016.pdf Retail Harbour Equity Funds Financial Statements 30 June 2016 PDF, 7.11 MB
- Harbour Investment Funds PDS Australasian Equities and Fixed Interest Funds.pdf Additional product disclosure statement from the provider PDF, 1.26 MB
- Harbour Investment Fund PDS Global Funds 18 May 2026.pdf Additional product disclosure statement from the provider PDF, 1,015.88 KB
- Harbour ESG Policy 18 May 2026.pdf Harbour - Environmental, Social and Governance Policy - 18 May 2026 PDF, 403.73 KB
- Harbour Investment Funds Other Material Information 18 May 2026.pdf Other Material Document PDF, 433.01 KB
- Harbour Investment Funds Statement of Investment Policy and Objectives 18 May 2026.pdf Statement of investment policy and objectives PDF, 793.94 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 Harbour
Active equity, fixed income and multi-asset manager with a sustainability-aware overlay.
See all funds from Harbour →Common questions
Questions people ask about Harbour Sustainable NZ Shares Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised financial adviser.
Are sustainable funds a good investment?
Sustainable funds apply environmental, social and governance (ESG) screens to their investment selection, as Harbour does per its Statement of Investment Policy and Objectives. Whether a sustainable fund aligns with your financial goals depends on your investment timeframe, risk tolerance, and values; the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/ contains fund-specific details to help you compare.
How do I know the fee on funds?
Annual fund charges are disclosed in the Product Disclosure Statement (PDS) and the latest Quarterly Fund Update (QFU), both available from the fund manager or the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/. For Harbour Sustainable NZ Shares Fund, the annual fund charge is 0.27% p.a. as at the latest QFU.
What are the best sustainable funds to invest in?
Funds applying responsible-investment screens can be compared by annual fund charge, risk indicator, fund size, and asset mix using the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/. Harbour Sustainable NZ Shares Fund has an annual fund charge of 0.27% p.a., a risk indicator of 5/7, and applies ESG screens; check the current PDS to confirm it meets your investment criteria.
Head-to-head
Compare Harbour Sustainable NZ Shares Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Australasian Equities funds
Same manager
Other funds by Harbour
- Harbour NZ Index Shares FundAustralasian Equities
- Harbour NZ Corporate Bond FundNZ Fixed Interest
- Harbour T. Rowe Price Global Equity FundInternational Equities
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.
View risk band 5 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 Harbour Sustainable NZ Shares Fund?
Harbour Sustainable NZ Shares Fund is managed by Harbour. Active equity, fixed income and multi-asset manager with a sustainability-aware overlay.
What asset class is the Harbour Sustainable NZ Shares 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 Harbour Sustainable NZ Shares Fund?
The annual fund charge for the Harbour Sustainable NZ Shares Fund is 0.27% 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 Harbour Sustainable NZ Shares 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 Harbour Sustainable NZ Shares Fund a PIE fund?
Yes. The Harbour Sustainable NZ Shares 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 Harbour Sustainable NZ Shares Fund?
Fund size (assets under management) is NZ$380 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Harbour Sustainable NZ Shares Fund invest in?
The latest published top holdings are: Infratil (6.21%), Contact Energy (6.09%), Meridian Energy (6.01%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Does the Harbour Sustainable NZ Shares Fund apply responsible-investment screens?
Yes. The Harbour Sustainable NZ Shares 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 Harbour Sustainable NZ Shares Fund?
The Harbour Sustainable NZ Shares Fund is available via Harbour directly. Always read the current Product Disclosure Statement before investing.
Are sustainable funds a good investment?
Sustainable funds apply environmental, social and governance (ESG) screens to their investment selection, as Harbour does per its Statement of Investment Policy and Objectives. Whether a sustainable fund aligns with your financial goals depends on your investment timeframe, risk tolerance, and values; the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/ contains fund-specific details to help you compare.
How do I know the fee on funds?
Annual fund charges are disclosed in the Product Disclosure Statement (PDS) and the latest Quarterly Fund Update (QFU), both available from the fund manager or the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/. For Harbour Sustainable NZ Shares Fund, the annual fund charge is 0.27% p.a. as at the latest QFU.
What are the best sustainable funds to invest in?
Funds applying responsible-investment screens can be compared by annual fund charge, risk indicator, fund size, and asset mix using the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/. Harbour Sustainable NZ Shares Fund has an annual fund charge of 0.27% p.a., a risk indicator of 5/7, and applies ESG screens; check the current PDS to confirm it meets your investment criteria.