{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/hyperion/australian-growth-companies/", "fetchedAt": "2026-06-21T06:16:46.021Z", "fund": { "slug": "australian-growth-companies", "name": "Hyperion Australian Growth Companies PIE Fund", "managerSlug": "hyperion", "category": "australasian-equities", "riskProfile": null, "isPie": true, "isEtf": null, "ticker": null, "isHedged": null, "isResponsibleInvestment": null, "isThematic": null, "isFifNotPie": null, "shortDescription": null, "availableVia": [ "direct" ], "dataStatus": "pending-ingestion" }, "manager": { "slug": "hyperion", "name": "Hyperion", "legalName": "Hyperion Asset Management Limited", "parent": "FundRock NZ (issuer)", "website": "https://www.hyperion.com.au", "hq": "Brisbane" }, "category": { "slug": "australasian-equities", "name": "Australasian Equities", "shortName": "Australasian Equities" }, "metrics": { "status": "ok", "matchScore": 3, "sortedFundName": "HYPERION AUSTRALIAN GROWTH COMPANIES PIE FUND", "sortedManager": "FUNDROCK NZ LIMITED fundrock.com", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13281/OFR13287/FND49636/", "fetchedAt": "2026-05-22T02:51:30.169Z", "source_doc": "sorted/SCH13281/OFR13287/FND49636", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13281/OFR13287/FND49636/", "source_tier": "C", "riskIndicator": 6, "annualFundChargePct": 0.98, "peerAvgFeePct": 0.91, "fiveYearReturnPct": null, "peerAvg5YearReturnPct": 4.91, "fiveYearReturnNote": "Less than 5 years of data", "growthAssetsPct": 98.31, "incomeAssetsPct": 1.69, "fundSizeNzd": 54681767, "pdsUrl": "/disclose-document/473bf38e2e8d3227/20260401-Hyperion-Investment-Funds-PDS.pdf", "strategySummary": "“\n The Fund invests primarily in growth-oriented Australian listed companies included in the S&P/ASX 300 Index at the time of initial investment and will also have some exposure to cash. \n ”", "topHoldings": [ { "asset": "Bhp Group Limited Ordinary Fully Paid", "assetClass": "Shares", "type": "Australasian Equities", "country": "AU", "weightPct": 10.05 }, { "asset": "Fisher & Paykel Healthcare", "assetClass": "Shares", "type": "Australasian Equities", "country": "NZ", "weightPct": 9.3 }, { "asset": "Sigma Pharmaceuticals Limited Ordinary Fully Paid", "assetClass": "Shares", "type": "Australasian Equities", "country": "AU", "weightPct": 8.89 }, { "asset": "Block Inc. 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Hyperion believes it can achieve consistent above average investment returns over a rolling five-year period by investing in high-quality businesses with superior long-term structural growth opportunities and attractive risk-adjusted return profiles.", "responsible_investment_approach": "Hyperion applies ESG considerations (environmental, social including labour standards, and ethical incorporating corporate governance) when selecting, retaining or realising investments, assessed on a case-by-case basis without fixed methodology or weightings. ESG analysis produces an ESG Score that feeds into a Business Quality Score, which directly influences portfolio weightings. 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If a Fund experiences liquidity problems or if major markets were closed, the Manager may defer or suspend redemptions for a period of time." }, "scheme": { "scheme_name": "Hyperion Investment Funds", "manager_name": "FundRock NZ Limited", "sipo_version_date": "2026-04-01", "sipo_review_cadence": "annually" }, "fund": { "fund_name": "Hyperion Australian Growth Companies PIE Fund", "objective_verbatim": "To achieve long-term returns above the S&P/ASX 300 Accumulation Index in NZ dollars over a five to ten year horizon, and minimise the risk of permanent capital loss.", "benchmark": "S&P/ASX 300 Accumulation Index in NZ dollars", "investment_horizon_years": 5, "permitted_assets": [ "Equities", "Cash and cash equivalents", "Other managed investment schemes or collective investment vehicles" ], "asset_allocation_ranges": [ { "asset_class": "Australian equities", "target_pct": 95, "min_pct": 70, "max_pct": 100 }, { "asset_class": "Cash and cash equivalents", "target_pct": 5, "min_pct": 0, "max_pct": 20 }, { "asset_class": "Global equities", "target_pct": 0, "min_pct": 0, "max_pct": 10 } ], "exclusions": [ "Short selling of equity securities is not permitted", "Fund is not permitted to own more than 15% of any one company (measured by share capital)" ], "tilts": [ "Growth-oriented Australian companies listed within the S&P/ASX 300 Index at the time of investment", "High conviction concentrated portfolio of high-quality structural growth companies" ], "performance_objective": "Outperform the S&P/ASX 300 Accumulation Index in NZ dollars over a five to ten year horizon", "tracking_error_target": null, "source_paragraph": "To achieve long-term returns above the S&P/ASX 300 Accumulation Index in NZ dollars over a five to ten year horizon, and minimise the risk of permanent capital loss. The Fund invests primarily in growth-oriented Australian companies listed within the S&P/ASX 300 Index at the time of investment." }, "_match": { "score": 1, "extractFundName": "Hyperion Australian Growth Companies PIE Fund", "ourFundName": "HYPERION AUSTRALIAN GROWTH COMPANIES PIE FUND" }, "_provenance": { "scheme_id": "SCH13281", "doc_type": "sipo", "source_doc_url": "https://smartinvestor.sorted.org.nz/disclose-document/3de4fbe3577dff13/20260401-Hyperion-Investment-Funds-SIPO.pdf", "source_doc_date": "2026-03-31", "source_tier": "A", "pdf_hash": "d3f377b2e9f3eb0bb9cc9c76c82ffde5836e07e4b0f1d26e89950688b9b97232", "extracted_at": "2026-05-28T00:09:12.962Z" } }, "omiExtract": { "_provenance": { "scheme_id": "SCH13281", "doc_type": "omi", "source_doc_url": "https://smartinvestor.sorted.org.nz/disclose-document/808af8d6cb8cceb2/20260401-Hyperion-Investment-Funds-OMI.pdf", "source_doc_date": "2026-03-30", "source_tier": "A", "pdf_hash": "7758aa4f4f4c5a74d24b473c21f5ff2e9f0deb419c394eada2d0affd16c288d0", "extracted_at": "2026-05-28T00:06:25.682Z" }, "scheme": { "scheme_name": "Hyperion Investment Funds", "manager_name": "FundRock NZ Limited", "omi_version_date": "1 April 2026" }, "related_party_transactions": [ { "counterparty": "Apex Investment Administration (NZ) Limited", "relationship": "Both FundRock NZ Limited and Apex NZ are ultimately owned by Apex Group Limited (common ultimate parent)", "nature": "Registry services delegated by FundRock to Apex NZ under an Administration Agreement dated 26 August 2016 (updated to include each Fund in 2022 and 2024)", "fee_or_rate": null } ], "conflicts_of_interest": [ "FundRock NZ Limited and the Scheme's registry manager Apex Investment Administration (NZ) Limited are ultimately owned by Apex Group Limited, which may influence FundRock to agree commercial terms with Apex NZ that are more favourable to Apex NZ than would otherwise be the case, benefiting Apex NZ at the expense of investors.", "Parties related to the Funds, including the staff of Hyperion and their families, and the staff of FundRock and their families, may from time to time invest in the Funds." ], "fee_waivers": [ { "fund_name": null, "description": "We may waive or decrease the Fund charges without notice.", "expires": null }, { "fund_name": null, "description": "We may decrease or waive the management fee for any Fund at any time without notice.", "expires": null }, { "fund_name": null, "description": "We may, in our absolute discretion, rebate the buy and sell spread and/or Fund charges (which includes management fees) by agreement, with an investor, or a group of investors.", "expires": null } ], "performance_fee_mechanics": [ { "fund_name": "Hyperion Global Growth Companies PIE Fund", "hurdle_verbatim": "the Fund's return net of Annual Fund Charges and extraordinary expenses must exceed the performance of the benchmark at the end of the six-month period; and the Fund's return net of Annual Fund Charges and extraordinary expenses must be 0.00% or greater at the end of the six-month period", "high_water_mark": true, "high_water_mark_reset_terms": "any previous underperformance versus the benchmark must first be recovered before any performance fees can be paid; no explicit reset or perpetual language stated", "crystallisation_cadence": "six-monthly (at the end of the six-month period); accrued daily", "cap_pct": null, "performance_fee_terms_full": "The performance fee is equal to 20% of the Fund's outperformance (net of Annual Fund Charges excl. 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Where the accrued performance fee is negative and the number of Units on a Business Day decreases, the accrued performance fee will be reduced by the proportion that the number of decreased Units bears to the number of Units on issue prior to the withdrawal; there is no reciprocal adjustment where the number of Units increase. The proceeds received by investors for Units withdrawn during a calculation period will be net of any payable performance fees accrued." }, { "fund_name": "Hyperion Australian Growth Companies PIE Fund", "hurdle_verbatim": "As of the date of this OMI there are no performance fee arrangements in place for this Fund.", "high_water_mark": null, "high_water_mark_reset_terms": null, "crystallisation_cadence": null, "cap_pct": null, "performance_fee_terms_full": "As of the date of this OMI there are no performance fee arrangements in place for this Fund." } ], "material_risks_not_in_pds_summary": [ { "risk_name": "Fund risk", "description": "These risks include that the Funds could terminate; the fees and expenses of the Funds could change; FundRock may be replaced as manager; the Hyperion investment team may change; or that investing in the Funds may lead to a different result than investing in the market directly." }, { "risk_name": "Key person risk", "description": "This is the risk that key individuals are no longer able to fulfil their obligations in respect of the investment or administration of the Funds. FundRock aims to ensure that all staff are highly qualified and capable of mitigating individual key personnel risk." }, { "risk_name": "Regulatory risk", "description": "This is the risk that domestic or international laws or regulations are changed adversely or that regulatory supervision of transactions and reporting is performed by managers and their custodians at less than an appropriate standard. Regulatory risk is managed by FundRock by regularly and closely reviewing changes in the law and seeking expert legal advice where necessary." }, { "risk_name": "Administration risk", "description": "This is the risk that instructions in relation to your investments in a Fund have not been accurately relayed or processed or that fraudulent instructions are acted upon. FundRock, the Investment Manager, and the Administration Manager will follow reasonable electronic instructions in good faith." }, { "risk_name": "Investment risk", "description": "The underlying investments of a Fund may fall in value. Hyperion, as Investment Manager, aims to reduce investment risk by limiting exposure to any one investment and with careful analysis of and research into the management of the underlying investment prior to investing." }, { "risk_name": "Country market risk", "description": "Economic, technological, political or legal conditions and market sentiment can lead to volatility in the value of investments and the overall level of liquidity in the market. To the extent possible, Hyperion, as Investment Manager, aims to reduce this risk by continuously engaging in research and analysis to form a view of the market." }, { "risk_name": "Counterparty risk", "description": "The risk of loss resulting from the insolvency or bankruptcy of a counterparty used by the Investment Manager to execute trades. The Investment Manager aims to keep this risk to a minimum by only selecting counterparties that it considers appropriate for each Fund and by regularly monitoring the counterparties." }, { "risk_name": "Interest rate risk", "description": "Changes in interest rates can influence the value and returns of investments. The Investment Manager's careful analysis of detailed research in combination with holdings from multiple different sectors, aims to minimise this risk." }, { "risk_name": "Small Company risk", "description": "Investing in securities of smaller companies may be riskier than investing in larger, more established companies. Smaller companies may have limited financial resources, a less established market for their shares and fewer shares issued. This can cause the share prices of smaller companies to fluctuate more than those of larger companies. The market for the shares of small companies may be less liquid." } ], "tax_disclosures": [ "Each Fund is a PIE (Portfolio Investment Entity).", "Capital gains derived by PIEs in relation to New Zealand and most listed Australian companies are not subject to tax.", "Investments in certain offshore equities are taxed under the Fair Dividend Rate (FDR) method, with a deemed annual return of 5% of the market value, prorated over the days that the particular equity is held during the year.", "Under the PIE regime, a fund will allocate its taxable income to investors and, where applicable, pay tax on allocated income on behalf of investors for an investor with a PIR of greater than zero.", "Investors must advise FundRock of their PIR and IRD number when applying; if no PIR is provided, the investor will automatically be taxed at the maximum default rate of 28%.", "If an investor provides a PIR lower than the correct PIR, they may need to pay any tax shortfall, plus interest, and penalties.", "The Commissioner of Inland Revenue can require FundRock to disregard a PIR notified by an investor if the Commissioner considers the rate to be incorrect.", "Taxable income is attributed annually to 31 March, or at any time an investor withdraws all or part of their investment from a Fund.", "The Funds have elected to be foreign investment variable-rate PIEs; eligible foreign residents may qualify for lower PIRs including 0% on non-New Zealand sourced income, 1.44% on New Zealand interest income, 15% or 30% on un-imputed New Zealand dividend income depending on DTA status, and 28% on other New Zealand sourced income.", "If there is a tax loss or excess tax credits allocated to an investor for a period, these will generally be available to investors with a PIR other than 0% in the form of a rebate, re-invested by purchasing Units or included in net redemption proceeds.", "PIE tax liability incurred by or on behalf of the Funds is covered by the Manager's and Supervisor's indemnity out of the Funds.", "Where Units are redeemed, the tax liability on income allocated to the investor up to the redemption date will generally be satisfied by cancellation of Units on redemption." ], "trustee_supervisor": "Public Trust", "auditor": "PricewaterhouseCoopers", "custodian": "BNP Paribas Fund Services Australasia Pty Limited", "source_paragraphs": [ "The performance fee is equal to 20% of the Fund's outperformance (net of Annual Fund Charges excl. 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There is no reciprocal adjustment where the number of Units increase." ], "_match": { "schemeId": "SCH13281", "ourFundName": "HYPERION AUSTRALIAN GROWTH COMPANIES PIE FUND", "scope": "scheme-level" } }, "sources": { "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Hyperion%20Australian%20Growth%20Companies%20PIE%20Fund", "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13281/OFR13287/FND49636/", "productDisclosureStatement": "/disclose-document/473bf38e2e8d3227/20260401-Hyperion-Investment-Funds-PDS.pdf", "pdsExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/473bf38e2e8d3227/20260401-Hyperion-Investment-Funds-PDS.pdf", "sipoExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/3de4fbe3577dff13/20260401-Hyperion-Investment-Funds-SIPO.pdf", "omiExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/808af8d6cb8cceb2/20260401-Hyperion-Investment-Funds-OMI.pdf" }, "licence": { "reuse": "Citation with link-back to canonicalUrl required. No paid redistribution.", "contact": "hello@managedfunds.nz" } }