# Hyperion Global Growth Companies PIE Fund

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

- **Manager:** Hyperion (Hyperion Asset Management Limited), parent FundRock NZ (issuer)
- **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 Hyperion Global Growth Companies PIE Fund is a international equities managed fund run by Hyperion. Australian active manager focused on high-quality global growth companies. NZ PIE wrapper issued by FundRock NZ.

## Investment objective (from PDS)

> The investment objective of the Fund is to achieve long-term returns above the MSCI World Net Total Return Index in NZ dollars, and minimise the risk of permanent capital loss.

Source: Product Disclosure Statement dated 2026-03-26 (Tier A, lodged on FMA Disclose register). https://smartinvestor.sorted.org.nz/disclose-document/473bf38e2e8d3227/20260401-Hyperion-Investment-Funds-PDS.pdf

## Fund data

- **Annual fund charge:** 4.38% p.a. (from the latest Quarterly Fund Update)
- **Risk indicator:** 6/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$177 million
- **Asset mix:** 98% growth assets · 2% income assets
- **Fund started:** 2 March 2022
- **Minimum initial investment:** NZ$20,000

## Top 10 holdings

1. Tesla Inc — 12.48%
2. Alphabet Inc Cap Stk Cl A — 11.06%
3. Meta Platforms Inc — 10.19%
4. Amazon Com Inc — 9.83%
5. Arm Holdings American Depositary Shares — 7.52%
6. Nvidia Corp — 6.68%
7. Asml Holding Nv Eur 0.09 Ny Reg 2012 Post Depository Receipt — 6.15%
8. Block Inc — 5.12%
9. Microsoft Corp — 4.79%
10. Palantir Technologies Inc — 4.40%

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

## Performance fee (from PDS)

- **Performance fee paid (last published period):** 0.00%

> 20% of the Fund's outperformance (net of Annual Fund Charges) relative to its benchmark return, multiplied by the Net Asset Value of the Fund. 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; and any previous underperformance versus the benchmark must first be recovered before any Performance Fees can be paid.

## Additional terms (from PDS)

- **Minimum subsequent investment:** NZ$1,000
- **Distribution cadence:** No distributions (accumulating)
- **Buy / sell spread:** 30 bps / 30 bps (transaction cost on subscription / redemption)

## Investment policy (from SIPO)

### Strategic asset allocation ranges

| Asset class | Target | Min | Max |
| --- | ---: | ---: | ---: |
| International equities | 95% | 80% | 100% |
| Cash and cash equivalents | 5% | 0% | 20% |

### 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. Hyperion may divest investments no longer suitable due to ESG considerations.

### 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)

Source: Statement of Investment Policy and Objectives dated 2026-03-31. https://smartinvestor.sorted.org.nz/disclose-document/3de4fbe3577dff13/20260401-Hyperion-Investment-Funds-SIPO.pdf

## Scheme disclosures (from OMI)

Scheme-level. The same disclosures apply to every fund in this scheme.

- **Trustee / Supervisor:** Public Trust
- **Auditor:** PricewaterhouseCoopers
- **Custodian:** BNP Paribas Fund Services Australasia Pty Limited
- **Conflicts of interest disclosed in OMI:** 2

### Conflicts of interest (verbatim from OMI)

- 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.

### Related-party transactions

- **Apex Investment Administration (NZ) Limited** (Both FundRock NZ Limited and Apex NZ are ultimately owned by Apex Group Limited (common ultimate parent)) — 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)

Source: Other Material Information document dated 2026-03-30. https://smartinvestor.sorted.org.nz/disclose-document/808af8d6cb8cceb2/20260401-Hyperion-Investment-Funds-OMI.pdf

## How to invest

Available via: Hyperion 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=Hyperion%20Global%20Growth%20Companies%20PIE%20Fund
- **Product Disclosure Statement:** /disclose-document/473bf38e2e8d3227/20260401-Hyperion-Investment-Funds-PDS.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13281/OFR13287/FND37463/
- **Manager website:** https://www.hyperion.com.au

## 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/

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- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
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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.