{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/lighthouse/global-equity/", "fetchedAt": "2026-06-20T08:25:17.202Z", "fund": { "slug": "global-equity", "name": "Lighthouse Global Equity Fund", "managerSlug": "lighthouse", "category": "international-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": "lighthouse", "name": "Lighthouse", "legalName": "Lighthouse Funds Management Limited", "parent": null, "website": null, "hq": null }, "category": { "slug": "international-equities", "name": "International Equities", "shortName": "International Equities" }, "metrics": { "status": "ok", "matchScore": 3, "sortedFundName": "LIGHTHOUSE GLOBAL EQUITY FUND", "sortedManager": "FUNDROCK NZ LIMITED fundrock.com", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13048/OFR13049/FND22649/", "fetchedAt": "2026-05-22T02:53:32.690Z", "source_doc": "sorted/SCH13048/OFR13049/FND22649", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13048/OFR13049/FND22649/", "source_tier": "C", "riskIndicator": 7, "annualFundChargePct": 1.03, "peerAvgFeePct": 1.29, "fiveYearReturnPct": 10.71, "peerAvg5YearReturnPct": 4.31, "growthAssetsPct": 78.48, "incomeAssetsPct": 21.52, "fundSizeNzd": 17724925, "pdsUrl": "/disclose-document/22e945f437ede969/20260402---Lighthouse-Investment-Funds---PDS.pdf", "strategySummary": "“\n The fund invests in very large capitalisation stocks and Exchange Traded Funds listed on the NYSE and Nasdaq stock markets. 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The Performance Fee is subject to a 'high water mark' where the Investment Manager will only be paid the Performance Fee if the Fund's net daily Performance Fee accrual is positive. That is, any previous negative Performance Fee accruals generated when the Fund underperformed the benchmark must have been recovered. The proceeds received by investors for units redeemed during a calculation period will be net of any payable Performance Fees accrued. Where the accrued Performance Fee is negative and units are withdrawn, the accrued Performance Fee will be proportionately adjusted." } ], "material_risks_not_in_pds_summary": [ { "risk_name": "Fund risk", "description": "These are risks specific to the Fund including that the Fund could terminate; the fees and expenses of the Fund could change; FundRock may be replaced as manager; the Lighthouse investment team may change; or that investing in the Fund 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 Fund. FundRock aims to ensure that all staff are highly qualified and capable of mitigating individual key personnel risk and will ensure it has sufficient resources to enable the Fund to continue unaffected should any member of the team be unable to fulfil their obligations." }, { "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 the 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, and whilst they cannot always detect fraudulent instructions they will apply best endeavours to mitigate this risk." }, { "risk_name": "Investment risk", "description": "The underlying investments of the Fund may fall in value. Lighthouse, as investment manager, aims to reduce investment risk by limiting exposure to any one investment and with careful analysis of the underlying investment prior to investing." }, { "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 the Fund and by regularly monitoring the counterparties." }, { "risk_name": "Interest risk", "description": "Changes in interest rates can influence the value and returns of investments." } ], "tax_disclosures": [ "The Fund has elected to be a Portfolio Investment Entity (PIE fund).", "The Fund calculates the taxable income accruing from investments in shares listed in the United States using the Fair Dividend Rate ('FDR') method and the taxable income accruing from investments in call options listed in the United States using their net proceeds or losses.", "As a Multi-Rate PIE, the 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 prescribed investor rate ('PIR') of greater than zero.", "Investors will not pay tax on distributions (if any) paid to Investors from the Fund.", "If an Investor is not a New Zealand resident, the Investor's allocated income from the Fund will be taxed at 28%; FundRock will account to the IRD directly for tax on a non-resident Investor's allocated income.", "Investors must advise FundRock of their PIR and IRD number when applying; if no PIR is provided they will automatically be taxed at the maximum default rate of 28%.", "If an Investor provides a PIR lower than the correct PIR, they will need to pay any tax shortfall, plus interest, and penalties; if higher, any tax over-withheld will be used to reduce income tax liability and any remaining amount will be refunded.", "Taxable income is attributed annually to 31 March, or at any time an Investor withdraws all or part of their investment from the Fund.", "If there is a tax loss or excess tax credits, these will generally be available to Investors with a PIR other than 0% in the form of a rebate, either reinvested by purchasing Units or included in net proceeds on full withdrawal; for non-individual Investors with a 0% PIR, the tax loss or excess credits may be available for offset in their tax return.", "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.", "Investors may be liable to meet any tax liability attributable to them which exceeds the value of their investment in the Fund, in which case they indemnify the Supervisor for the difference.", "The Fund's indemnity to the Manager and Supervisor covers personal liability including PIE tax incurred by or on behalf of the Fund." ], "trustee_supervisor": "Public Trust", "auditor": "KPMG", "custodian": "Adminis NZ Limited", "source_paragraphs": [ "The Performance Fee is equal to 30% of the amount by which the Fund's return, after the Fixed Annual Fund Charge and any GST but before the Performance Fee and tax, is above the hurdle rate of return multiplied by the net asset value of the Fund.", "The Performance Fee is subject to a 'high water mark' where the Investment Manager will only be paid the Performance Fee if the Fund's net daily Performance Fee accrual is positive. That is, any previous negative Performance Fee accruals generated when the Fund underperformed the benchmark must have been recovered.", "On insolvency or winding up of the Fund, the assets of the Fund are first applied to meet the claims of any creditors of the Fund (whether preferred, secured or unsecured), which includes the Supervisor's and Manager's claims for fees and expenses. Following this, the remainder of the assets of the Fund will be distributed to Investors in proportion to the number of Units held." ], "_match": { "schemeId": "SCH13048", "ourFundName": "LIGHTHOUSE GLOBAL EQUITY FUND", "scope": "scheme-level" } }, "sources": { "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Lighthouse%20Global%20Equity%20Fund", "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13048/OFR13049/FND22649/", "productDisclosureStatement": "/disclose-document/22e945f437ede969/20260402---Lighthouse-Investment-Funds---PDS.pdf", "pdsExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/22e945f437ede969/20260402---Lighthouse-Investment-Funds---PDS.pdf", "sipoExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/ca538768539651fe/20260401---Lighthouse-Investment-Funds---SIPO.pdf", "omiExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/9b03ebda436905a7/20260402---Lighthouse-Investment-Funds---OMI.pdf" }, "licence": { "reuse": "Citation with link-back to canonicalUrl required. 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