Plato Global Alpha PIE Fund
Managed by Plato Plato Global Alpha PIE Fund is a international equities managed fund operated by Plato; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 2.40% · minimum investment NZ$15,000 · distributions no distributions (accumulating). Compared with 81 other same-category funds on this site, the 2.40% annual fund charge sits above the same-category median of 0.61%.
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
—
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
Fund size
NZ$0
0% growth · 1% income
The Fund aims to provide investors with long and short exposure to an actively managed, diversified portfolio of listed international equities. The Fund aims to outperform its benchmark, the MSCI World Net Total Return Index in New Zealand dollars, net of fees and before taxes, over rolling 5 year periods. The Fund is not hedged back to the New Zealand dollar.
How Plato Global Alpha PIE Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Investment style
- Actively managed, benchmarked to the MSCI World Net Total Return Index in New Zealand dollars.
- Currency policy
- The Fund is not hedged back to the New Zealand dollar.
Key facts
Min. investment
NZ$15,000
Subsequent: NZ$5,000
Distributions
No distributions (accumulating)
Buy / sell spread
30 bps (0.30%) / 30 bps (0.30%)
Transaction cost on subscription / redemption
Tax structure
PIE
Capped at your PIR (max 28%)
Performance fee
From the Product Disclosure Statement.
Performance fee paid (last published): 1.55%
15% of outperformance of the benchmark, being the MSCI World Net Total Return Index in New Zealand dollars. No high-water mark applies. Calculated each Business Day and paid semi-annually (as at 30 June and 31 December each year). No maximum limit.
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International equities | 95% | 90% | 100% |
| Cash and cash equivalents | 5% | 0% | 10% |
Responsible-investment approach
Plato takes into account ESG considerations through its proprietary 'Red Flags' model covering toxic emissions, labour supply-chain standards, corporate governance, remuneration, forensic accounting, financial distress, and social and environmental impacts. The Underlying Fund is committed not to hold long positions in companies classified in the Tobacco sector (GICS) or companies deriving more than 5% of revenues from Thermal Coal Mining (based on ISS data).
Exclusions
- Companies classified in the Tobacco sector (as defined by GICS)
- Companies that derive more than 5% of revenues from Thermal Coal Mining (based on ISS data)
Derivatives policy
The Underlying Fund may utilise borrowing and short selling techniques to obtain leverage; currency hedging instruments are a permitted investment at the Fund level.
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.
- Plato discloses a conflict of interest because it acts as investment manager for both this Fund (a single investor) and the Underlying Fund (all investors), meaning its duties to each group may not always align.
- FundRock acknowledges that its shared ultimate owner, Apex Group Limited, may influence it to agree commercial terms with Apex NZ that favour Apex NZ at investors' expense.
- Plato charges a performance fee of 15% of outperformance above the MSCI World Net Total Return Index (NZD), with no high-water mark and no cap, calculated daily and paid semi-annually.
- Because no high-water mark applies, Plato can collect a performance fee in a period even if the Fund has not recovered prior losses for investors.
Generated 2026-05-28 from Plato Investment Funds OMI (dated 2026-05-08). 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
Public Trust
Conflicts disclosed
3
In OMI
Conflicts of interest disclosed in OMI
- Plato, as investment manager for the Fund (representing a single investor in the Underlying Fund), may have a potential conflict when also acting as investment manager for the Underlying Fund (representing all investors in the Underlying Fund).
- FundRock and Apex NZ share common ultimate ownership through 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 Plato and their families, and staff of FundRock and their families, may from time to time invest in the Fund.
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- Plato Investment Funds PDS 8 May 2026.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 337.21 KB
- Plato Investment Funds OMI 8 May 2026.pdf Other Material Information document PDF, 326.22 KB
- Plato Investment Funds SIPO 8 May 2026.pdf Statement of investment policy and objectives PDF, 350.20 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 Plato
Australian quantitative manager offering a Global Alpha PIE fund to NZ investors.
See all funds from Plato →Common questions
Questions people ask about Plato Global Alpha PIE Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised financial adviser.
What is Plato Global Alpha fund?
Plato Global Alpha PIE Fund is an international equities fund categorised at risk indicator 5 out of 7 on the FMA standardised scale. It is structured as a PIE (Portfolio Investment Entity), meaning investor tax is capped at your prescribed investor rate (maximum 28%). For full details on fund objectives and holdings, see the current Product Disclosure Statement on the FMA Disclose register.
Can I get 20% return in mutual funds?
Fund returns vary year to year based on market conditions and fund strategy. Past performance is not a reliable indicator of future returns. Check the FMA Disclose register for this fund's historical performance data, and review the PDS for information on the fund's investment strategy and risk profile.
Head-to-head
Compare Plato Global Alpha 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
Use this fund inside the tools you already use
Every fund on ManagedFundsNZ ships in three formats so AI assistants and data tools can consume it without scraping: a canonical HTML page, a plain Markdown twin, and a structured JSON twin. Citation back to the canonical URL is required; full reuse policy at /llms-policy.txt.
- Canonical (HTML)managedfunds.nz/funds/plato/global-alpha/This page. Browsable.
- Markdown twinmanagedfunds.nz/funds/plato/global-alpha/markdown.mdPlain text. AI-crawler-ready.
- Structured (JSON)managedfunds.nz/funds/plato/global-alpha/data.jsonMachine-parseable.
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 Plato Global Alpha PIE Fund?
Plato Global Alpha PIE Fund is managed by Plato. Australian quantitative manager offering a Global Alpha PIE fund to NZ investors.
What asset class is the Plato Global Alpha 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 Plato Global Alpha PIE Fund?
The current annual fund charge is published in the fund's latest Quarterly Fund Update on the FMA Disclose register: https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Plato%20Global%20Alpha%20PIE%20Fund. Always check the current Product Disclosure Statement (PDS) for any additional fees.
What is the risk indicator for the Plato Global Alpha 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 Plato Global Alpha PIE Fund a PIE fund?
Yes. The Plato Global Alpha 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 Plato Global Alpha PIE Fund?
Fund size (assets under management) is NZ$0 as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 1% income assets.
How can I invest in the Plato Global Alpha PIE Fund?
The Plato Global Alpha PIE Fund is available via Plato directly. Always read the current Product Disclosure Statement before investing.
What is Plato Global Alpha fund?
Plato Global Alpha PIE Fund is an international equities fund categorised at risk indicator 5 out of 7 on the FMA standardised scale. It is structured as a PIE (Portfolio Investment Entity), meaning investor tax is capped at your prescribed investor rate (maximum 28%). For full details on fund objectives and holdings, see the current Product Disclosure Statement on the FMA Disclose register.
Can I get 20% return in mutual funds?
Fund returns vary year to year based on market conditions and fund strategy. Past performance is not a reliable indicator of future returns. Check the FMA Disclose register for this fund's historical performance data, and review the PDS for information on the fund's investment strategy and risk profile.