{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/pathfinder/ethical-trans-tasman/", "fetchedAt": "2026-06-20T08:25:17.175Z", "fund": { "slug": "ethical-trans-tasman", "name": "Pathfinder Ethical Trans-Tasman Fund", "managerSlug": "pathfinder", "category": "australasian-equities", "riskProfile": null, "isPie": true, "isEtf": null, "ticker": null, "isHedged": null, "isResponsibleInvestment": true, "isThematic": null, "isFifNotPie": null, "shortDescription": null, "availableVia": [ "direct" ], "dataStatus": "pending-ingestion" }, "manager": { "slug": "pathfinder", "name": "Pathfinder", "legalName": "Pathfinder Asset Management Limited", "parent": null, "website": "https://www.pathfinder.co.nz", "hq": "Auckland" }, "category": { "slug": "australasian-equities", "name": "Australasian Equities", "shortName": "Australasian Equities" }, "metrics": { "status": "ok", "matchScore": 3.25, "sortedFundName": "PATHFINDER ETHICAL TRANS-TASMAN FUND", "sortedManager": "PATHFINDER ASSET MANAGEMENT LIMITED pathfinder.kiwi", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10778/OFR10780/FND19393/", "fetchedAt": "2026-05-22T02:49:28.080Z", "source_doc": "sorted/SCH10778/OFR10780/FND19393", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10778/OFR10780/FND19393/", "source_tier": "C", "riskIndicator": 4, "annualFundChargePct": 1, "peerAvgFeePct": 0.91, "fiveYearReturnPct": 0.45, "peerAvg5YearReturnPct": 4.91, "growthAssetsPct": 98.31, "incomeAssetsPct": 1.69, "fundSizeNzd": 12371871.54, "pdsUrl": "/disclose-document/734dda387163bf8f/Pathfinder-Managed-Funds-PDS-2026-Final.pdf", "strategySummary": "“\n The Fund invests in Australasian equities, listed property companies and other assets that satisfy Pathfinder’s ethical investment criteria. 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In extreme conditions, high-impact tools including changes to buy/sell spread, borrowing, deferral or suspension of redemption may be used." }, "scheme": { "scheme_name": "Pathfinder Managed Investment Scheme", "manager_name": "Pathfinder Asset Management Ltd", "sipo_version_date": "2026-03-31", "sipo_review_cadence": "annually" }, "fund": { "fund_name": "Pathfinder Ethical Trans-Tasman Fund", "objective_verbatim": "Ethical investing in Australasian equities, listed property and other assets to achieve above average long-term risk adjusted returns.", "benchmark": "A 50/50 composite of the S&P NZX50 index / S&P/ASX200 Index (Gross of dividends and tax, 50% hedged to NZD)", "investment_horizon_years": null, "permitted_assets": [ "Cash and Cash Equivalents", "NZ Fixed Interest", "International Fixed Interest", "Australasian Equities", "International Equities", "Listed Property", "Other Assets" ], "asset_allocation_ranges": [ { "asset_class": "Cash and Cash Equivalents", "target_pct": 3, "min_pct": 0, "max_pct": 100 }, { "asset_class": "NZ Fixed Interest", "target_pct": 0, "min_pct": 0, "max_pct": 20 }, { "asset_class": "International Fixed Interest", "target_pct": 0, "min_pct": 0, "max_pct": 20 }, { "asset_class": "Australasian Equities", "target_pct": 92, "min_pct": 0, "max_pct": 100 }, { "asset_class": "International Equities", "target_pct": 0, "min_pct": 0, "max_pct": 30 }, { "asset_class": "Listed Property", "target_pct": 5, "min_pct": 0, "max_pct": 30 }, { "asset_class": "Other Assets", "target_pct": 0, "min_pct": 0, "max_pct": 10 } ], "exclusions": [ "Industries or activities that create significant harm or transgress filters of respecting people, planet and animals", "Activities breaching exclusions defined in the Ethical Investment Policy by industry classification and revenue threshold" ], "tilts": [ "Australasian equities", "Companies with strong ESG scores", "Healthy Planet theme", "Healthy Living theme", "Deglobalisation theme", "Digitalisation theme", "Social Licence theme" ], "performance_objective": "Above average long-term risk adjusted returns", "tracking_error_target": null, "source_paragraph": "The Fund invests in Australasian equities, listed property, and other assets through Pathfinder's Wholesale Ethical Trans-Tasman Fund (WETT). 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There is a risk that the loss of key Pathfinder personnel could adversely affect its performance (and therefore the Funds' performance)." }, { "risk_name": "Operating risk", "description": "There is a risk of technological or other operational failure impacting on the Funds. There is also the risk that our internal processes or systems are not adequate or that they fail. This may impact the operation of the Funds." }, { "risk_name": "Outsourcing risk", "description": "Apex Group (NZ) has been appointed as administration manager for the Funds; Salt Funds Management Limited as investment manager for the Wholesale Ethical Trans-Tasman Fund; Nordea Investment Management AB for the Responsible Investments Fund; and Metlife Investment Management for the Green Bond Fund. We are reliant on them continuing to perform their functions (it could impact the Funds if they fail to do so)." }, { "risk_name": "Investment manager risk", "description": "We, or the relevant investment manager, make decisions that impact on how each Fund is allocated between the relevant investment sectors, and also make decisions that impact on allocations between individual investments. The effectiveness of our investment process and decisions made will affect each Fund's returns." }, { "risk_name": "Hedging market risk", "description": "Strategies may be used to hedge market risk (such as the use of cash holdings or derivatives). The risks include that the protection may not be in place when markets fall and by holding higher levels of cash a Fund may not fully participate if the market rises." }, { "risk_name": "Regulatory risk", "description": "This relates to changes in legislation or regulation (or interpretation or application of these) in New Zealand or a country where the Funds invest. Any such change could have an adverse effect on the Funds, your investment and/or your after-tax returns." }, { "risk_name": "Variation of returns", "description": "Investing in accordance with our Ethical Investment Policy may mean returns or volatility are different to market returns and volatility. For example, our Funds do not invest in coal or oil companies." }, { "risk_name": "Suspension or deferral of redemptions", "description": "It is possible that redemptions may be deferred or suspended. This could happen, for example, if a Fund was unable to sell the underlying assets it holds or, if as a result of unusual events, markets were not open for trading. Should this occur, it would mean you may not be able to redeem your units when you want to." }, { "risk_name": "Single asset class risk", "description": "Each of the Global Responsibility Fund, Global Water Fund, Global Property Fund, Green Bond Fund and Ethical Trans-Tasman Fund is predominantly invested in one asset class (shares or, in the case of the Green Bond Fund, green bonds) meaning none of those Funds are diversified across asset classes. If market prices for that asset class fall, it will generate losses for the relevant Fund." }, { "risk_name": "Non-financial objective risk", "description": "All investments involve some level of risk. This may mean a non-financial outcome or objective (such as a specific ethical objective in respect of an individual investment within a Fund or in respect of a Fund as a whole) may not be achieved." } ], "tax_disclosures": [ "Each Fund is a PIE (portfolio investment entity) under the Income Tax Act 2007; taxation rules assume the Fund maintains PIE status and may change if PIE status is lost.", "Taxable income or losses are allocated between investors based on units held; PIE tax is calculated at the investor's nominated PIR and is generally paid by the Fund.", "PIR rates available: 10.5% and 17.5% for eligible NZ resident individual investors based on prior-year income thresholds; 28% for all other NZ individuals, non-resident investors (other than NFIs), and NZ resident trusts electing this rate; 0% (zero-rated) for NZ resident companies, registered charities, PIEs, and certain NZ resident trusts.", "If an investor does not notify a PIR, income allocated will be taxed at the 28% default rate.", "If the correct PIR is nominated, the tax paid by a Fund on income allocated to a tax-paying investor is a final tax — no obligation to file a tax return for that investment.", "Tax on PIE income for tax-paying investors is deducted by cancelling units (or from distributions) at the earliest of: end of income year (31 March) or upon any full or partial withdrawal or transfer.", "The Global Water Fund, Global Responsibility Fund, Ethical Trans-Tasman Fund, Green Bond Fund, and Ethical Growth Fund are registered as Foreign Investment Variable-Rate PIEs; non-resident investors can elect NFI status under specific conditions.", "NFIs in a Foreign Investment Variable-Rate PIE have a 0% PIR automatically applied to allocated income from non-NZ investments; non-resident investors that are not NFIs have a 28% PIR applied.", "Zero-rated investors (PIR 0%) must return allocated PIE income/loss and tax credits and pay tax themselves (except NFIs in a Foreign Investment PIE); they are entitled to claim their share of tax credits or PIE losses directly.", "Special rules apply for investors who are new or transitional NZ tax residents; professional advice is recommended.", "Joint investors must each provide their PIR and IRD number; PIE income is allocated and taxed individually at each investor's nominated PIR.", "PIEs have holding restrictions: generally no more than 20% of a Fund may be held by an investor and associated parties; units may be redeemed or cancelled to maintain PIE status.", "Redemption gains and distributions (if any) from a Fund will generally not be taxable to the investor.", "An annual tax certificate will be provided showing PIE income allocated and tax paid at the investor's nominated PIR." ], "trustee_supervisor": "Public Trust", "auditor": null, "custodian": null, "source_paragraphs": [ "The Global Responsibility Fund investing solely in the wholesale Responsible Investment Fund managed by us. The Pathfinder Ethical Trans-Tasman Fund investing solely in the Wholesale Ethical Trans-Tasman Fund, a wholesale fund managed by us and Salt Funds Management Limited, our sister company (as investment manager).", "Investments are made into funds or financial products of a related party (for example in financial products managed or arranged by Pathfinder, Helm Wealth or Salt Funds Management Limited (our sister companies) or associated companies). For managing of this conflict, see below in relation to related party transactions.", "Each Fund is a unit trust investment vehicle that has a special designation for tax purposes called a 'portfolio investment entity' (or 'PIE'). If you nominate your correct PIR then the tax paid by a Fund on income allocated to you as a tax-paying investor will be a final tax." ], "_match": { "schemeId": "SCH10778", "ourFundName": "PATHFINDER ETHICAL TRANS-TASMAN FUND", "scope": "scheme-level" } }, "sources": { "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Pathfinder%20Ethical%20Trans-Tasman%20Fund", "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10778/OFR10780/FND19393/", "productDisclosureStatement": "/disclose-document/734dda387163bf8f/Pathfinder-Managed-Funds-PDS-2026-Final.pdf", "pdsExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/734dda387163bf8f/Pathfinder-Managed-Funds-PDS-2026-Final.pdf", "sipoExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/5b9e5c338be34a64/Pathfinder-Managed-Funds-SIPO.pdf", "omiExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/b20ca147c87dd93e/Pathfinder-OMI-MIS-202603.pdf" }, "licence": { "reuse": "Citation with link-back to canonicalUrl required. No paid redistribution.", "contact": "hello@managedfunds.nz" } }