Hunter Global Fixed Interest Fund
H Managed by HunterHunter Global Fixed Interest Fund is a international fi managed fund operated by Hunter; PIE-structured; FMA risk indicator 4/7. Headline terms: annual fund charge 0.52% · minimum investment NZ$5,000 · distributions semi-annually. Compared with 30 other same-category funds on this site, the 0.52% annual fund charge sits below the same-category median of 0.71%.
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
0.53%
vs peer avg 0.65%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
0.05%
peer avg 1.17%
Fund size
NZ$2.95b
0% growth · 100% income
The investment objective of the Fund is to provide a total return, before costs and tax, 1% p.a. higher than the Bloomberg Barclays Global Aggregate Index – 100% New Zealand dollar hedged over a rolling three year period.
Benchmark track record
Compare International FI consistency →How Hunter Global Fixed Interest Fund performed against its own market-index benchmark each year, after fees and tax — from the FMA fund-update dataset. Historical track record, not current-year performance; past performance is not a guide to the future.
Beat its benchmark in 3 of 9 years
annual returns to 31 March 2026Since inception: 1.05% p.a. after fees & tax vs benchmark 1.41%.
How Hunter Global Fixed Interest Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Benchmark
- Bloomberg Barclays Global Aggregate Index – 100% New Zealand dollar hedged
- Top 3 holdings
- US DOLLAR (4.9%) · CHINA DEVELOPMENT BANK 08/01/2034 (2.4%) · UK GILT 07/03/2030 (2.2%)
Key facts
Fund start date
15 March 2017
Min. investment
NZ$5,000
Subsequent: NZ$500
Distributions
Semi-annually
Buy / sell spread
0 bps (0.00%) / 10 bps (0.10%)
Transaction cost on subscription / redemption
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International fixed interest (Portfolio) | 100% | 95% | 100% |
| Funding account (NZD cash and cash equivalents) | — | 0% | 5% |
Responsible-investment approach
Harbour's Environmental, Social and Governance Policy applies to the Hunter Private Credit Fund. ESG considerations are taken into account in the investment policies and procedures of the Funds. The Hunter Global Fixed Interest Fund has specific prohibited investments listed in section 4, including tobacco companies, armament manufacturers, cluster munitions, pornography/gambling (>10% earnings), fossil fuel companies (>10% earnings or core business), and companies with 'very severe' ESG controversies scoring 0 on MSCI's ESG Controversy criteria.
Exclusions
- Tobacco companies
- Armament manufacturers
- Cluster munitions development or production
- Companies deriving more than 10% of earnings from pornography or gambling
- Companies deriving more than 10% of earnings from or whose only, core, or majority business is the exploration, extraction, refining or processing of fossil fuels
- Utilities who primarily burn fossil fuels
- Companies involved in 'very severe' controversies scoring 0 ('red flag') on MSCI's ESG Controversy criteria
Derivatives policy
The Hunter Private Credit Fund's use of derivatives is governed by the Harbour Derivative Risk Statement (DRS), permitting foreign exchange futures, interest rate swaps and options for hedging interest rate risk and currency exposure only. The Hunter Global Fixed Interest Fund is governed by the PIMCO Use of Derivatives Statement, permitting options, futures, swaps and credit derivatives for risk protection, return enhancement, cost-effective asset exposure, implementing investment objectives, and currency management.
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 it is part of the FirstCape group, meaning directors and employees may face actual or perceived conflicts of interest, which are required to be disclosed and recorded.
- Harbour discloses it may engage FirstCape group related parties to provide staffing services, banking facilities, and investment in related-party managed vehicles, stated to be on arms-length commercial terms.
- Harbour discloses that directors and employees of FirstCape group companies may personally invest in Harbour funds, and their decisions could be influenced by those personal investments.
- Harbour's OMI does not disclose any performance-fee mechanic for the Hunter Investment Funds scheme; no performance fee conflict is described in the reviewed disclosures.
Generated 2026-05-28 from Hunter Investment Funds OMI (dated 2026-03-13). 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
Auditor
PricewaterhouseCoopers
Custodian
Apex Investment Administration (NZ) Limited and their global sub custodian, JP Morgan
Conflicts disclosed
2
In OMI
Conflicts of interest disclosed in OMI
- Harbour is part of the FirstCape group, and actual or perceived conflicts of interest for directors and employees of FirstCape Group companies can arise from any competing interests; directors are required to disclose conflicts and there are processes for recording and managing these.
- Harbour may use related parties to provide services to the Fund, including staffing services, banking facilities, and investment in other investment vehicles managed by Harbour or related parties, all conducted on arms' length commercial terms.
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
0.53%
Category median: 0.70%
Cheaper than 63% of peers
5y return p.a. (after fees)
+0.05%
Category median: +0.48%
Lower than most peers (bottom 3% over period)
Fund size
NZ$2.95b
Category median: NZ$141.0m
Top 2% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$262
Compounded charge over 5 years (excl. returns)
$83 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
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
| UD US DOLLAR | 4.94% |
| CD CHINA DEVELOPMENT BANK 08/01/2034 | 2.36% |
| UG UK GILT 07/03/2030 | 2.22% |
| F( FRANCE (GOVT OF) 25/02/2030 | 2.17% |
| GI GNMA II MULTPL SGL 30YR #MB0868M 20/01/2056 | 1.80% |
| US U S TREASURY BOND 15/11/2054 | 1.50% |
| CD CHINA DEVELOPMENT BANK 22/05/2033 | 1.47% |
| FP FNMA PASS THRU 30YR #SD8526 01/04/2055 | 1.36% |
| US U S TREASURY BOND 15/08/2044 | 1.33% |
| IB ITALIAN BTP BOND 01/04/2028 | 1.31% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- HUNTER GLOBAL FIXED INTEREST FUND (FND2387) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 41.06 KB
- Hunter Private Credit Fund PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 2.96 MB
- Fund Update Hunter Global Fixed Interest Fund Mar 2026.pdf The quarterly update published by the provider PDF, 196.60 KB
- Hunterstamped FS.pdf Financial Statements for the Year Ended 31 March 2020 PDF, 418.88 KB
- Hunter Global Fixed Interest Fund PDS.pdf Additional product disclosure statement from the provider PDF, 2.94 MB
- Hunter Private Credit Fund OMI.pdf Hunter Private Credit Fund OMI PDF, 429.34 KB
- Hunter Global Fixed Interest Fund OMI.pdf Hunter Global Fixed Interest Fund OMI PDF, 347.78 KB
- Hunter Global Fixed Interest Fund OMI.pdf Hunter Global Fixed Interest Fund OMI PDF, 347.78 KB
- Hunter Investment Funds SIPO.pdf Statement of investment policy and objectives PDF, 152.55 KB
About this category
Funds investing in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
About Hunter
NZ-domiciled global fixed-interest specialist.
See all funds from Hunter →Common questions
Questions people ask about Hunter Global Fixed Interest 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.
What is a global fixed interest fund?
A global fixed interest fund invests primarily in bonds and other income-producing securities issued by governments and corporations worldwide, rather than growth assets like shares. Hunter Global Fixed Interest Fund holds approximately 99.87% income assets, predominantly in international bonds across currencies including US dollars and sterling.
What is Hunter Global Fixed interest fund?
Hunter Global Fixed Interest Fund is an international fixed interest fund with a fund size of NZ$2,950,495,971 (as at the latest QFU) and a risk indicator of 4/7 on the FMA standardised scale. The fund returned 0.05% p.a. after fees and before tax over the 5-year period, with an annual fund charge of 0.53% p.a., and is available as a PIE investment vehicle through InvestNow and directly from Hunter.
What is a fixed interest fund?
A fixed interest fund pools investor money to buy bonds and similar debt securities that pay regular interest income. These funds aim to generate steady returns from interest payments rather than capital growth, making them generally lower-volatility investments than share funds.
What is a typical fund management fee?
Fund management fees vary by fund type and strategy. For international fixed interest funds in the NZ market, the peer-cohort average annual fund charge is 0.66% p.a.; Hunter Global Fixed Interest Fund charges 0.53% p.a. Check the Product Disclosure Statement (PDS) and FMA Disclose register for specific fund fees.
Head-to-head
Compare Hunter Global Fixed Interest Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International FI funds
FMA risk band
Same risk band (4/7)
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 4 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 Hunter Global Fixed Interest Fund?
Hunter Global Fixed Interest Fund is managed by Hunter. NZ-domiciled global fixed-interest specialist.
What asset class is the Hunter Global Fixed Interest 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 Hunter Global Fixed Interest Fund?
The annual fund charge for the Hunter Global Fixed Interest Fund is 0.53% 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 Hunter Global Fixed Interest Fund?
The risk indicator is 4/7 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 Hunter Global Fixed Interest Fund a PIE fund?
Yes. The Hunter Global Fixed Interest 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 Hunter Global Fixed Interest Fund?
Fund size (assets under management) is NZ$2.95 billion as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the Hunter Global Fixed Interest Fund invest in?
The latest published top holdings are: US DOLLAR (4.94%), CHINA DEVELOPMENT BANK 08/01/2034 (2.36%), UK GILT 07/03/2030 (2.22%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the Hunter Global Fixed Interest Fund?
The Hunter Global Fixed Interest Fund is available via Hunter directly. Always read the current Product Disclosure Statement before investing.
What is a global fixed interest fund?
A global fixed interest fund invests primarily in bonds and other income-producing securities issued by governments and corporations worldwide, rather than growth assets like shares. Hunter Global Fixed Interest Fund holds approximately 99.87% income assets, predominantly in international bonds across currencies including US dollars and sterling.
What is Hunter Global Fixed interest fund?
Hunter Global Fixed Interest Fund is an international fixed interest fund with a fund size of NZ$2,950,495,971 (as at the latest QFU) and a risk indicator of 4/7 on the FMA standardised scale. The fund returned 0.05% p.a. after fees and before tax over the 5-year period, with an annual fund charge of 0.53% p.a., and is available as a PIE investment vehicle through InvestNow and directly from Hunter.
What is a fixed interest fund?
A fixed interest fund pools investor money to buy bonds and similar debt securities that pay regular interest income. These funds aim to generate steady returns from interest payments rather than capital growth, making them generally lower-volatility investments than share funds.
What is a typical fund management fee?
Fund management fees vary by fund type and strategy. For international fixed interest funds in the NZ market, the peer-cohort average annual fund charge is 0.66% p.a.; Hunter Global Fixed Interest Fund charges 0.53% p.a. Check the Product Disclosure Statement (PDS) and FMA Disclose register for specific fund fees.