Lighthouse Global Equity Fund
L Managed by LighthouseLighthouse Global Equity Fund is a international equities managed fund operated by Lighthouse; PIE-structured; FMA risk indicator 7/7. Headline terms: annual fund charge 1.05% · minimum investment NZ$10,000 · distributions no distributions (accumulating). Compared with 80 other same-category funds on this site, the 1.05% annual fund charge sits above the same-category median of 0.60%.
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
1.03%
vs peer avg 1.29%
Risk indicator
7/7
1 = lower risk · 7 = higher risk
5-year return p.a.
10.71%
peer avg 4.31%
Fund size
NZ$17.7m
78% growth · 22% income
The Fund's primary objective is to deliver long-run pre-tax returns (but after fees and expenses) that are at least 2% pa above the return of the MSCI All Country World Net Index (in New Zealand dollars). The Fund's secondary objective is to minimise the number of 'losing years' – that is financial years where investors receive a negative return, or loss, rather than a positive return.
How Lighthouse Global Equity Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Benchmark
- MSCI All Country World Net Index
- Top 3 holdings
- Cash at Bank (BNZ) (22.0%) · Celestica Inc (12.0%) · Comfort Systems USA Inc (10.6%)
Key facts
Fund start date
17 March 2021
Min. investment
NZ$10,000
Subsequent: NZ$1,000
Distributions
No distributions (accumulating)
Buy / sell spread
10 bps (0.10%) / 10 bps (0.10%)
Transaction cost on subscription / redemption
Tax structure
PIE
Capped at your PIR (max 28%)
Performance fee
From the Product Disclosure Statement.
Performance fee paid (last published): 0.00%
30% of the Fund's performance, after the Fixed Fund Charges and any GST, but before the performance fee and tax, that is above the Hurdle Rate of Return (the return of the MSCI All Country World Net Index, measured in New Zealand dollars, plus 2% p.a.), subject to a perpetual High Water Mark.
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Cash and cash equivalents | 2% | -30% | 70% |
| International equities | 98% | 30% | 130% |
Responsible-investment approach
Lighthouse is a signatory to the UN Principles of Responsible Investing (PRI) and considers environmental, social, governance and other factors in investment decisions. The Fund will not invest in companies that develop, manufacture or sell munitions, firearms, alcohol, tobacco, cannabis, palm oil or fossil fuels, or that are involved in whaling, gambling, pornography or animal testing for non-medicinal products. The Fund may invest in commodity-based ETFs which have synthetic exposure to fossil fuels.
Exclusions
- Munitions
- Firearms
- Alcohol
- Tobacco
- Cannabis
- Palm oil
- Fossil fuels
- Whaling
- Gambling
- Pornography
- Animal testing for non-medicinal products
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.
- FundRock acknowledges that staff of both FundRock and Lighthouse, along with their families, may personally invest in the Fund, creating a potential conflict of interest between their personal and investor interests.
- Lighthouse serves as both investment manager and distributor of the Fund, meaning the same related party earns fees for managing assets and for distributing the Fund to investors.
- Any related-party transaction must be notified to the Supervisor and either certified as arm's-length by the Manager, approved by the Supervisor as being in investors' best interests, or approved by Special Resolution of investors.
- The Lighthouse Global Equity Fund charges a performance fee of 30% of returns above the MSCI All Country World Net Index plus 2% p.a., subject to a perpetual High Water Mark, calculated after fixed charges but before the performance fee itself.
Generated 2026-05-28 from Lighthouse Investment Funds OMI (dated 2026-04-01). 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
Public Trust
Auditor
KPMG
Custodian
Adminis NZ Limited
Conflicts disclosed
5
In OMI
Conflicts of interest disclosed in OMI
- Parties related to the Fund, including the staff of Lighthouse and their families, and the staff of FundRock and their families, may from time to time invest in the Fund.
- A related party transaction in respect of the Fund may only be done if the details are notified to the Supervisor and the Manager certifies the transaction is on arm's length terms, obtains the Supervisor's consent that it is in the best interests of investors, or obtains Special Resolution approval by investors.
- As manager of the Fund, FundRock is subject to various statutory duties including the requirement to act honestly and in the best interests of investors, and must ensure contracted parties such as Lighthouse perform to the same standard and subject to the same duties and restrictions.
- Lighthouse, as investment manager of the Fund, must comply with a professional standard of care, exercising the care, diligence, and skill that a prudent person engaged in the profession of investment management would exercise in the same circumstances.
- FundRock has conflicts of interest and related party transactions policies and procedures which extend the statutory duties imposed on FundRock to its staff members, and which provide for reporting and disclosure of conflicts of interest to the Board, Manager and Directors.
How this fund compares to peers
Mechanical comparison vs the 81 other international 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
1.03%
Category median: 0.61%
Mid-pack — cheaper than 31% of peers
5y return p.a. (after fees)
+10.71%
Category median: +8.31%
Above peer median (71th percentile)
Fund size
NZ$17.7m
Category median: NZ$95.7m
15th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$504
Compounded charge over 5 years (excl. returns)
$203 more 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 |
|---|---|
| $ Cash at Bank (BNZ) | 22.04% |
| CE Celestica Inc | 11.97% |
| CS Comfort Systems USA Inc | 10.57% |
| IP Invesco Powershares QQQ | 9.85% |
| CC Carvana Co | 8.40% |
| FS First Solar Inc | 8.23% |
| AP Applovin Corp | 6.93% |
| RM Robinhood Markets Inc | 6.24% |
| EC EchoStar Corp | 5.79% |
 Nvidia Ord | 3.45% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- LIGHTHOUSE GLOBAL EQUITY FUND (FND22649) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.58 KB
- 20260402 Lighthouse Investment Funds PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 5.26 MB
- 20260331 Lighthouse Global Equity QFU.pdf The quarterly update published by the provider PDF, 443.28 KB
- 20260402 Lighthouse Investment Funds OMI.pdf Other Material Information Document PDF, 5.36 MB
- 20260401 Lighthouse Investment Funds SIPO.pdf Statement of investment policy and objectives PDF, 5.16 MB
About this category
Funds investing in shares listed outside Australasia. Includes broad global trackers, regional funds, ESG-focused strategies, and theme funds covering automation, healthcare, water and other sectors.
About Lighthouse
NZ boutique offering a global equity fund.
See all funds from Lighthouse →Common questions
Questions people ask about Lighthouse Global Equity 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.
Is a global equity fund a good investment?
Whether a global equity fund suits your situation depends on your investment timeframe, risk tolerance, and financial goals. Lighthouse Global Equity Fund is classified as risk indicator 7/7 on the FMA standardised scale, indicating it is suitable only for investors who can accept the highest level of volatility; the fund's ~78% allocation to growth assets reflects this risk profile. You should review the Product Disclosure Statement and consider seeking financial advice before investing.
Which is the best performing equity fund?
Lighthouse Global Equity Fund delivered a 5-year return after fees and before tax of 10.71% p.a., as recorded on FMA Disclose. Fund performance varies by market conditions and time period; comparing returns across funds requires reviewing their specific benchmarks and investment objectives on FMA Disclose or the fund manager's documentation.
Is Lighthouse Partners a hedge fund?
Lighthouse Global Equity Fund is not a hedge fund; it is an international equities fund registered on the FMA register. Hedge funds and equity funds operate under different investment mandates and regulatory frameworks; you can verify a fund's classification and registration details on the FMA Disclose register.
Head-to-head
Compare Lighthouse Global Equity Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International Equities funds
FMA risk band
Same risk band (7/7)
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 7 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 Lighthouse Global Equity Fund?
Lighthouse Global Equity Fund is managed by Lighthouse. NZ boutique offering a global equity fund.
What asset class is the Lighthouse Global Equity Fund?
It is a international equities managed fund. Funds investing in shares listed outside Australasia. Includes broad global trackers, regional funds, ESG-focused strategies, and theme funds covering automation, healthcare, water and other sectors.
What are the fees for the Lighthouse Global Equity Fund?
The annual fund charge for the Lighthouse Global Equity Fund is 1.03% 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 Lighthouse Global Equity Fund?
The risk indicator is 7/7 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 Lighthouse Global Equity Fund a PIE fund?
Yes. The Lighthouse Global Equity 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 Lighthouse Global Equity Fund?
Fund size (assets under management) is NZ$18 million as at the latest Quarterly Fund Update. Asset mix is approximately 78% growth assets and 22% income assets.
What does the Lighthouse Global Equity Fund invest in?
The latest published top holdings are: Cash at Bank (BNZ) (22.04%), Celestica Inc (11.97%), Comfort Systems USA Inc (10.57%). 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 Lighthouse Global Equity Fund?
The Lighthouse Global Equity Fund is available via Lighthouse directly. Always read the current Product Disclosure Statement before investing.
Is a global equity fund a good investment?
Whether a global equity fund suits your situation depends on your investment timeframe, risk tolerance, and financial goals. Lighthouse Global Equity Fund is classified as risk indicator 7/7 on the FMA standardised scale, indicating it is suitable only for investors who can accept the highest level of volatility; the fund's ~78% allocation to growth assets reflects this risk profile. You should review the Product Disclosure Statement and consider seeking financial advice before investing.
Which is the best performing equity fund?
Lighthouse Global Equity Fund delivered a 5-year return after fees and before tax of 10.71% p.a., as recorded on FMA Disclose. Fund performance varies by market conditions and time period; comparing returns across funds requires reviewing their specific benchmarks and investment objectives on FMA Disclose or the fund manager's documentation.
Is Lighthouse Partners a hedge fund?
Lighthouse Global Equity Fund is not a hedge fund; it is an international equities fund registered on the FMA register. Hedge funds and equity funds operate under different investment mandates and regulatory frameworks; you can verify a fund's classification and registration details on the FMA Disclose register.