Pella Global Generations PIE Fund
Managed by Pella Pella Global Generations PIE Fund is a international equities managed fund operated by Pella; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 0.85% · minimum investment NZ$25,000 · distributions no distributions (accumulating). Compared with 80 other same-category funds on this site, the 0.85% 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
0.85%
vs peer avg 0.91%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 4.91%
Fund size
NZ$64.0m
98% growth · 2% income
The Fund's investment objective is to obtain returns greater than the MSCI All Country World Index Net Total Return (in NZ dollars) ("Benchmark") and with lower volatility than the Benchmark, over the medium to long term by investing in long-only equities, subject to the Investment Manager's ethical investment processes.
How Pella Global Generations PIE Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Benchmark
- MSCI All Country World Index Net Total Return (in NZ dollars)
- Top 3 holdings
- Cash at Bank (BNZ) (8.2%) · Deutsche Boerse AG (3.8%) · LivaNova PLC (3.6%)
Key facts
Fund start date
4 April 2025
Min. investment
NZ$25,000
Subsequent: NZ$5,000
Distributions
No distributions (accumulating)
Buy / sell spread
25 bps (0.25%) / 25 bps (0.25%)
Transaction cost on subscription / redemption
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Global equities | 95% | 80% | 100% |
| Cash and cash equivalents | 5% | 0% | 20% |
Responsible-investment approach
The Fund incorporates ESG Integration, Negative/Exclusion Screening (13 activity-based exclusions), Norms-Based Screening (aligned to UN Global Compact), Stewardship (targeting 100% shareholder vote participation), and a Sustainability-Themed strategy requiring portfolio carbon intensity to be at least 30% lower than the Benchmark. MSCI ESG ratings and scores are used throughout.
Exclusions
- Alcoholic beverages manufacturing (0% revenue threshold)
- Animal cruelty – cosmetic testing, crowd entertainment, intensive animal husbandry (0% revenue threshold)
- Correctional facilities (0% revenue threshold)
- Deforestation (0% revenue threshold)
- Fossil fuel generation – thermal coal (>5% revenue threshold, unless transitioning and fully exiting within three years)
- Fossil fuel generation – gas (>15% revenue threshold)
- Fossil fuel mining/exploration including oil, thermal coal, and natural gas (0% revenue threshold)
- Gambling (0% revenue threshold)
- GMO seeds manufacturing (0% revenue threshold)
- Pornography (0% revenue threshold)
- Tobacco and nicotine alternative products (0% revenue threshold, including companies with >10% ownership in such companies)
- Uranium mining (0% revenue threshold)
- Weapons – all types including controversial and non-controversial, guns, bombs, and munitions (0% revenue threshold)
- Companies severely breaching UN Global Compact principles (forced labour/slavery, child labour, child pornography, genocide, ethnocide) without appropriate remediation
Derivatives policy
The Fund may invest in direct securities and currencies including derivatives. No further limits or specific permitted uses are detailed beyond this statement.
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 NZ discloses that its shared parent company, Apex Group Limited, may pressure FundRock to agree commercial terms with Apex NZ that favour Apex NZ over fund investors.
- FundRock NZ pays a related party, Apex Investment Administration (NZ) Limited, for registry, fund accounting, and unit pricing services, with both companies ultimately owned by Apex Group Limited.
- FundRock NZ discloses that staff of the investment manager and FundRock, along with their families, may personally invest in the fund from time to time.
Generated 2026-05-28 from Pella Investment Funds OMI (dated 2025-03-26). 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
PricewaterhouseCoopers
Custodian
BNP Paribas Fund Services Australasia Pty Limited
Conflicts disclosed
2
In OMI
Conflicts of interest disclosed in OMI
- FundRock and Apex Investment Administration (NZ) Limited are both ultimately owned by Apex Group Limited, which may influence FundRock to agree commercial terms with Apex NZ that are more favourable to Apex NZ than would otherwise be the case, benefiting Apex NZ at the expense of investors.
- Parties related to the Fund, including staff of the Investment Manager and their families, and staff of FundRock and their families, may from time to time invest in the Fund.
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
0.85%
Category median: 0.61%
Mid-pack — cheaper than 39% of peers
Fund size
NZ$64.0m
Category median: NZ$95.7m
43th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$418
Compounded charge over 5 years (excl. returns)
$117 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) | 8.17% |
| DB Deutsche Boerse AG | 3.84% |
| LI LivaNova PLC | 3.62% |
| NU Nutrien Ltd | 3.51% |
| 3G 3i Group PLC | 3.36% |
| AG AIA Group Ltd | 3.18% |
| MM Marsh & McLennan Companies Inc | 3.14% |
| AJ Arthur J Gallagagh & Co | 3.12% |
| NM Newmont Mining Corp | 3.09% |
| CA Contemporary Amperex Technology Co Ltd | 3.09% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- PELLA GLOBAL GENERATIONS PIE FUND (FND56058) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 1.33 KB
- Pella Investment Funds PDS 26 March 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 329.19 KB
- 20260331 Pella Global Generations PIE QFU.pdf The quarterly update published by the provider PDF, 424.60 KB
- Pella Investment Funds OMI 26 March 2025.pdf Other material information PDF, 247.48 KB
- Pella Investment Funds SIPO 26 March 2025.pdf Statement of investment policy and objectives PDF, 379.05 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 Pella
Australian global-equity manager with a Global Generations PIE fund for NZ investors.
See all funds from Pella →Head-to-head
Compare Pella Global Generations PIE 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 (5/7)
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 5 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 Pella Global Generations PIE Fund?
Pella Global Generations PIE Fund is managed by Pella. Australian global-equity manager with a Global Generations PIE fund for NZ investors.
What asset class is the Pella Global Generations PIE Fund?
It is a international equities managed fund. The fund has a growth 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 Pella Global Generations PIE Fund?
The annual fund charge for the Pella Global Generations PIE Fund is 0.85% 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 Pella Global Generations PIE Fund?
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 Pella Global Generations PIE Fund a PIE fund?
Yes. The Pella Global Generations PIE 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 Pella Global Generations PIE Fund?
Fund size (assets under management) is NZ$64 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Pella Global Generations PIE Fund invest in?
The latest published top holdings are: Cash at Bank (BNZ) (8.17%), Deutsche Boerse AG (3.84%), LivaNova PLC (3.62%). 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 Pella Global Generations PIE Fund?
The Pella Global Generations PIE Fund is available via Pella directly. Always read the current Product Disclosure Statement before investing.