NZ Funds Global Utilities
Managed by NZ Funds 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
2.53%
vs peer avg 1.29%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 4.31%
Fund size
NZ$62.2m
78% growth · 22% income
The objective of the Global Utilities fund is to mitigate the impact of inflation on your investment over the medium and/or long term with active management. The fund is anticipated to mainly own and trade international utility company shares. The fund may also hold other actively managed authorised asset classes.
Key facts
Fund start date
17 March 2023
Tax structure
PIE
Capped at your PIR (max 28%)
How this fund compares to peers
Mechanical comparison vs the 82 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
2.53%
Category median: 0.60%
Pricier than most peers (top 97% by fee)
Fund size
NZ$62.2m
Category median: NZ$94.4m
40th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$1,203
Compounded charge over 5 years (excl. returns)
$906 more than peer median
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 |
|---|---|
| FO Fortum Oyj | 4.58% |
| VE Verbund AG | 4.46% |
| OA Orsted AS | 4.22% |
| ED EDP SA | 4.19% |
| GS Goldman Sachs Futures | 4.18% |
| EI Edison International | 4.17% |
| AW American Water Works Co Inc | 4.16% |
| EX Exelon Corp | 4.12% |
| HO Hydro One Ltd | 4.06% |
| EO E.ON SE | 4.05% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- GLOBAL UTILITIES (FND42559) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 2.14 KB
- NZ Funds Active Growth Series PDS 28 October 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 307.64 KB
- NZ Funds Active Series Global Utilities Fund Update 31.03.26.pdf The quarterly update published by the provider PDF, 172.60 KB
- NZ Funds Active Inflation Series PDS 28 October 2025.pdf Additional product disclosure statement from the provider PDF, 430.11 KB
- NZ Funds Active Income Series PDS 28 October 2025.pdf Additional product disclosure statement from the provider PDF, 261.19 KB
- NZ Funds Active Series Other Material Information 28 October 2025.pdf NZ Funds Active Series – Other Material Information contains additional information relating to the NZ Funds Active Series and sho
- NZ Funds Managed Portfolio Service Scheme SIPO 28 October 2025.pdf Statement of investment policy and objectives PDF, 798.71 KB
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 NZ Funds
NZ-owned manager offering Wealth Builder strategies, Income Generator, and a series of Global and New Zealand sector portfolios.
See all funds from NZ Funds →Head-to-head
Compare NZ Funds Global Utilities with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International Equities 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 NZ Funds Global Utilities?
NZ Funds Global Utilities is managed by NZ Funds. NZ-owned manager offering Wealth Builder strategies, Income Generator, and a series of Global and New Zealand sector portfolios.
What asset class is the NZ Funds Global Utilities?
It is a international equities managed fund. The fund has a balanced risk profile. 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 NZ Funds Global Utilities?
The annual fund charge for the NZ Funds Global Utilities is 2.53% 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 NZ Funds Global Utilities?
The risk indicator is 5/7 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 NZ Funds Global Utilities a PIE fund?
Yes. The NZ Funds Global Utilities 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 NZ Funds Global Utilities?
Fund size (assets under management) is NZ$62 million as at the latest Quarterly Fund Update. Asset mix is approximately 78% growth assets and 22% income assets.
What does the NZ Funds Global Utilities invest in?
The latest published top holdings are: Fortum Oyj (4.58%), Verbund AG (4.46%), Orsted AS (4.22%). 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 NZ Funds Global Utilities?
The NZ Funds Global Utilities is available via NZ Funds directly. Always read the current Product Disclosure Statement before investing.