# QuayStreet NZ Equity Fund

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** QuayStreet (QuayStreet Asset Management Limited), parent Craigs Investment Partners
- **Asset class:** Australasian Equities
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The QuayStreet NZ Equity Fund is a australasian equities managed fund run by QuayStreet. NZ-based multi-asset and equity manager owned by Craigs Investment Partners.

## Fund data

- **Annual fund charge:** 1.27% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 7.14% p.a.
- **Risk indicator:** 5/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$155 million
- **Asset mix:** 98% growth assets · 2% income assets
- **Fund started:** 30 November 2010
- **Minimum initial investment:** NZ$1,000

## Top 10 holdings

1. BHP Billiton — 11.21%
2. Commonwealth Bank of Australia — 8.65%
3. Westpac Banking Corp — 6.81%
4. ANZ Group — 5.79%
5. Macquarie Group — 4.56%
6. CSL — 3.61%
7. Newmont Corp — 2.95%
8. Wesfarmers — 2.32%
9. Brambles — 2.29%
10. Coles Group — 2.15%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## Investment policy (from 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.

Source: Statement of Investment Policy and Objectives dated 2026-03-30. https://smartinvestor.sorted.org.nz/disclose-document/53c7218b070c7fae/SIPO---Quay-Street-Funds---Smartshares-CIP-Funds.pdf

## Scheme disclosures (from OMI)

Scheme-level. The same disclosures apply to every fund in this scheme.

- **Trustee / Supervisor:** The New Zealand Guardian Trust Company Limited
- **Custodian:** Citibank N.A.
- **Conflicts of interest disclosed in OMI:** 3

### Conflicts of interest (verbatim from 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.

### Related-party transactions

- **NZX Limited** (ultimate parent of Smartshares Limited) — The Funds can invest in financial products issued by NZX; entities in the NZX group of companies may receive commercial benefits from this.
- **QuayStreet Limited** (Investment Manager appointed by Smartshares) — Investment management services — proposing strategic and tactical asset allocation and selecting underlying investments for each Fund. · A fee based on the Gross Asset Value of each Fund
- **Apex Investment Administration (NZ) Limited** (Delegate of Smartshares for registry, unit pricing and fund accounting) — Registry, unit pricing and fund accounting functions; also acts as administration manager. · Fixed annual fee (Registrar); annual fee based on Gross Asset Value (administration manager)
- **NZX WT Nominees Limited** (Nominee entity within NZX group) — Legal holder of units on bare trust for investors who join through the QuayStreet Portfolio Service.

Source: Other Material Information document dated 2026-03-26. https://smartinvestor.sorted.org.nz/disclose-document/4b3cc5c83c992124/Other-Material-Information---Quay-Street-Funds---31-March-2026.pdf

## How to invest

Available via: QuayStreet directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=QuayStreet%20NZ%20Equity%20Fund
- **Product Disclosure Statement:** /disclose-document/mdocb3ec12601480cfc873853cbe227fb0f/Product-Disclosure-Statement-Smartshares-CI-Pfunds%2829-November-2024%29.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10414/OFR10416/FND323/
- **Manager website:** https://www.quaystreet.com

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

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- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.