# Lighthouse Global Equity Fund > Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings. - **Manager:** Lighthouse (Lighthouse Funds Management Limited) - **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 Lighthouse Global Equity Fund is a international equities managed fund run by Lighthouse. NZ boutique offering a global equity fund. ## Investment objective (from PDS) > 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. Source: Product Disclosure Statement dated 2026-04-02 (Tier A, lodged on FMA Disclose register). https://smartinvestor.sorted.org.nz/disclose-document/22e945f437ede969/20260402---Lighthouse-Investment-Funds---PDS.pdf ## Fund data - **Annual fund charge:** 1.03% p.a. (from the latest Quarterly Fund Update) - **5-year return (after charges, after tax at 28% PIR):** 10.71% p.a. - **Risk indicator:** 7/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk) - **Fund size (AUM):** NZ$18 million - **Asset mix:** 78% growth assets · 22% income assets - **Fund started:** 17 March 2021 - **Minimum initial investment:** NZ$10,000 ## Top 10 holdings 1. Cash at Bank (BNZ) — 22.04% 2. Celestica Inc — 11.97% 3. Comfort Systems USA Inc — 10.57% 4. Invesco Powershares QQQ — 9.85% 5. Carvana Co — 8.40% 6. First Solar Inc — 8.23% 7. Applovin Corp — 6.93% 8. Robinhood Markets Inc — 6.24% 9. EchoStar Corp — 5.79% 10. Nvidia Ord — 3.45% 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% > 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. ## Additional terms (from PDS) - **Minimum subsequent investment:** NZ$1,000 - **Distribution cadence:** No distributions (accumulating) - **Buy / sell spread:** 10 bps / 10 bps (transaction cost on subscription / redemption) ## Investment policy (from 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 Source: Statement of Investment Policy and Objectives dated 2026-03-27. https://smartinvestor.sorted.org.nz/disclose-document/ca538768539651fe/20260401---Lighthouse-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:** KPMG - **Custodian:** Adminis NZ Limited - **Conflicts of interest disclosed in OMI:** 5 ### Conflicts of interest (verbatim from 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. ### Related-party transactions - **Lighthouse Funds Limited** (Investment Manager and scheme sponsor; formerly Lighthouse Funds LP (novated 9 July 2025)) — Investment management of Fund assets under Investment Management Agreement; also distributor of the Fund under Fund Hosting Agreement - **Adminis NZ Limited** (Administration Manager and Custodian appointed by FundRock) — Registry services, unit pricing, fund accounting, and custody of Fund assets under Administration Agreement - **Public Trust** (Supervisor; independent of the Manager) — Supervision of FundRock and the Scheme; holds or ensures assets are held in accordance with legislative requirements; entitled to fees and indemnity from the Fund Source: Other Material Information document dated 2026-04-01. https://smartinvestor.sorted.org.nz/disclose-document/9b03ebda436905a7/20260402---Lighthouse-Investment-Funds---OMI.pdf ## How to invest Available via: Lighthouse 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=Lighthouse%20Global%20Equity%20Fund - **Product Disclosure Statement:** /disclose-document/22e945f437ede969/20260402---Lighthouse-Investment-Funds---PDS.pdf - **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13048/OFR13049/FND22649/ ## 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/ ## This file - **Canonical HTML:** https://managedfunds.nz/funds/lighthouse/global-equity/ - **Markdown (this file):** https://managedfunds.nz/funds/lighthouse/global-equity/markdown.md - **Structured data (JSON):** https://managedfunds.nz/funds/lighthouse/global-equity/data.json - **First published:** 2026-05-08 - **Last refreshed:** 2026-05-22 - **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt --- 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.