QuayStreet NZ Equity Fund is a australasian equities managed fund operated by QuayStreet; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 1.27% · minimum investment NZ$1,000. Compared with 57 other same-category funds on this site, the 1.27% annual fund charge sits above the same-category median of 1.00%.
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
1.27%
vs peer avg 0.91%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
7.14%
peer avg 4.91%
Fund size
NZ$155.0m
98% growth · 2% income
The QuayStreet Australian Equity Fund invests predominantly in companies that are in the ASX 200 Index. The investment objective is to provide a level of return above the fund’s benchmark over the long term.
Benchmark track record
Compare Australasian Equities consistency →How QuayStreet NZ Equity Fund performed against its own market-index benchmark each year, after fees and tax — from the FMA fund-update dataset. Historical track record, not current-year performance; past performance is not a guide to the future.
Beat its benchmark in 3 of 10 years
annual returns to 30/06/2022Since inception: 5.58% p.a. after fees & tax vs benchmark 7.8%.
How QuayStreet NZ Equity Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Top 3 holdings
- BHP Billiton (11.2%) · Commonwealth Bank of Australia (8.7%) · Westpac Banking Corp (6.8%)
- Currency policy
- All Funds actively implement hedging strategies as per their respective investment objectives. Funds may utilise hedging strategies to mitigate specific risks or adjust underlying investment exposure related to foreign c…
Key facts
Fund start date
30 November 2010
Min. investment
NZ$1,000
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 |
|---|---|---|---|
| Australasian Equity (Australian only) | 100% | 0% | 100% |
| International Equity | 0% | 0% | 0% |
| Listed Property (Australian only) | 0% | 0% | 100% |
| Unlisted Property | 0% | 0% | 0% |
| NZ Fixed Interest | 0% | 0% | 0% |
| International Fixed Interest | 0% | 0% | 0% |
| Cash | 0% | 0% | 30% |
| Growth Assets | 100% | 70% | 100% |
| Defensive Assets | 0% | 0% | 30% |
Responsible-investment approach
Each Fund except the SRI Fund is managed in accordance with the QuayStreet Responsible Investment Policy, incorporating ESG factors within investment decision-making. Exclusions under the RI Policy include tobacco farming, manufacture of cigarettes and cigars, and manufacturing of cluster bombs, landmines, bio-weapons and nuclear weapons. The SRI Fund applies additional exclusionary screening covering tobacco, alcohol, fossil fuel exploration/mining/extraction, gambling, uranium/nuclear weapons, weapons manufacturing, and adult entertainment, plus a qualitative ESG scoring framework requiring each factor to score 5 or higher.
Derivatives policy
Derivatives are permitted to hedge market price fluctuations, gain economic exposure without physical purchase, adjust exposure within SAA parameters, and obtain prices or reduce transaction costs. Use of derivatives to provide financial leverage outside the SIPO or a Fund mandate is prohibited.
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.
- Smartshares acknowledges that because it is wholly owned by NZX Limited, fund investments in NZX-issued financial products may generate commercial benefits for NZX group entities.
- Smartshares discloses that CIP acts as both delegated investment manager and distributor of the funds, roles that may create a conflict of interest between investment decisions and distribution incentives.
- Smartshares states that any benefit given to a related party from fund property requires Supervisor certification or consent under its related-party transactions procedure.
- Smartshares discloses no performance-fee mechanic applicable to these funds; ongoing costs arise from asset-value-based fees paid to the Supervisor, Custodian, and administration manager, plus registry and fund accounting fees.
Generated 2026-05-28 from Smartshares CIP Funds OMI (dated 2024-11-26). 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
The New Zealand Guardian Trust Company Limited
Custodian
Citibank N.A.
Conflicts disclosed
3
In OMI
Conflicts of interest disclosed in OMI
- Smartshares is a wholly owned subsidiary of NZX Limited, and the Funds can invest in financial products issued by NZX, meaning entities in the NZX group of companies may receive commercial benefits from such investments.
- The Investment Manager chooses investments based on its own internal investment selection process and in accordance with each Fund's SIPO, and is stated to not be influenced by Smartshares' relationship with NZX or any other NZX group member.
- Smartshares and the Investment Manager have internal policies and procedures to identify, assess and manage potential conflicts of interest, including a related party transactions procedure requiring Supervisor certification or consent before any benefit is given to a related party out of a Fund's property.
How this fund compares to peers
Mechanical comparison vs the 58 other australasian 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
1.27%
Category median: 1.01%
Pricier than most peers (top 85% by fee)
5y return p.a. (after fees)
+7.14%
Category median: +1.68%
Higher than 79% of peers
Fund size
NZ$155.0m
Category median: NZ$74.1m
72th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$619
Compounded charge over 5 years (excl. returns)
$124 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 |
|---|---|
 BHP Billiton | 11.21% |
 Commonwealth Bank of Australia | 8.65% |
 Westpac Banking Corp | 6.81% |
 ANZ Group | 5.79% |
 Macquarie Group | 4.56% |
 CSL | 3.61% |
| NE Newmont Corp | 2.95% |
| WE Wesfarmers | 2.32% |
| BR Brambles | 2.29% |
| CG Coles Group | 2.15% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- Product Disclosure Statement Smartshares CI Pfunds (29 November 2024).pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 4.63 MB
- quaystreet fund update quaystreet australian equity fund.pdf The quarterly update published by the provider PDF, 982.00 KB
- PDS Quay Street Funds 31 March 2026.pdf Additional product disclosure statement from the provider PDF, 5.30 MB
- Other Material Information Quay Street Funds 31 March 2026.pdf Other Material Information - QuayStreet Funds PDF, 2.52 MB
- Other Material Information Smartshares CI Pfunds (29 November 2024).pdf Other Material Information for the Smartshares CIP NZ Core Equity Fund and Smartshares CIP NZ Yield Equity Fund. PDF, 710.60 KB
- Quay Street Responsible Investment Policy 31 March 2026.pdf Responsible Investment Policy PDF, 170.05 KB
- Quay Street Socially Responsible Investment Policy 31 March 2026.pdf Socially Responsible Investment Policy PDF, 194.66 KB
- SIPO Quay Street Funds Smartshares CIP Funds.pdf Statement of investment policy and objectives PDF, 4.21 MB
About this category
Funds investing primarily in shares listed on the NZX (New Zealand) or ASX (Australia), or both as Trans-Tasman portfolios. Includes active stock-pickers and passive index trackers.
About QuayStreet
NZ-based multi-asset and equity manager owned by Craigs Investment Partners.
Parent: Craigs Investment Partners
See all funds from QuayStreet →Common questions
Questions people ask about QuayStreet NZ Equity 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 the best performing investment fund over the last 5 years?
QuayStreet NZ Equity Fund delivered a 5-year return after fees of 7.14% p.a. (as at the latest QFU); however, past performance is not indicative of future results. To compare this fund's returns against peers in the Australasian Equities category, see the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/.
What investment has the highest return in NZ?
Returns vary significantly across asset classes, funds, and time periods. QuayStreet NZ Equity Fund is classified as an Australasian Equities fund with a 5-year return of 7.14% p.a. after fees; to compare returns across different fund categories and managers, use the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/.
Head-to-head
Compare QuayStreet NZ Equity Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Australasian 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 QuayStreet NZ Equity Fund?
QuayStreet NZ Equity Fund is managed by QuayStreet (parent: Craigs Investment Partners). NZ-based multi-asset and equity manager owned by Craigs Investment Partners.
What asset class is the QuayStreet NZ Equity Fund?
It is a australasian equities managed fund. Funds investing primarily in shares listed on the NZX (New Zealand) or ASX (Australia), or both as Trans-Tasman portfolios. Includes active stock-pickers and passive index trackers.
What are the fees for the QuayStreet NZ Equity Fund?
The annual fund charge for the QuayStreet NZ Equity Fund is 1.27% 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 QuayStreet NZ Equity 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 QuayStreet NZ Equity Fund a PIE fund?
Yes. The QuayStreet NZ Equity 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 QuayStreet NZ Equity Fund?
Fund size (assets under management) is NZ$155 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the QuayStreet NZ Equity Fund invest in?
The latest published top holdings are: BHP Billiton (11.21%), Commonwealth Bank of Australia (8.65%), Westpac Banking Corp (6.81%). 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 QuayStreet NZ Equity Fund?
The QuayStreet NZ Equity Fund is available via QuayStreet directly. Always read the current Product Disclosure Statement before investing.
What is the best performing investment fund over the last 5 years?
QuayStreet NZ Equity Fund delivered a 5-year return after fees of 7.14% p.a. (as at the latest QFU); however, past performance is not indicative of future results. To compare this fund's returns against peers in the Australasian Equities category, see the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/.
What investment has the highest return in NZ?
Returns vary significantly across asset classes, funds, and time periods. QuayStreet NZ Equity Fund is classified as an Australasian Equities fund with a 5-year return of 7.14% p.a. after fees; to compare returns across different fund categories and managers, use the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/.