Resolution Capital Global Listed Infrastructure PIE Fund
Managed by Resolution Capital 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
1.05%
vs peer avg 0.91%
Risk indicator
6/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 4.91%
Fund size
NZ$31.2m
98% growth · 2% income
The Fund primarily invests in global listed infrastructure securities that the Investment Manager considers provide long term sustainable cashflows backed by physical assets or concessions which provide essential services. This may include water and electricity utilities, renewables, airports, toll roads, ports, railroads and telecommunications infrastructure.
Key facts
Fund start date
26 September 2025
Min. investment
NZ$25,000
Tax structure
PIE
Capped at your PIR (max 28%)
How this fund compares to peers
Mechanical comparison vs the 8 other other 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
1.05%
Category median: 1.06%
Cheaper than 56% of peers
Fund size
NZ$31.2m
Category median: NZ$106.3m
6th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$514
Compounded charge over 5 years (excl. returns)
$7 less than peer median
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 |
|---|---|
| HA H2O America | 9.67% |
| SS SSE plc | 8.13% |
| EN Entergy Corp | 7.18% |
| KM Kinder Morgan Inc/DE | 6.80% |
| SP Spire Inc | 5.48% |
| $ Cash at Bank (BNZ) | 4.77% |
| BH Black Hills Corp | 4.14% |
| AE Alliant Energy Corp | 3.98% |
| NI NiSource Inc | 3.84% |
| GT GEK Terna SA | 3.74% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- RESOLUTION CAPITAL GLOBAL LISTED INFRASTRUCTURE PIE FUND (FND58947) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 1.22 KB
- Resolution Capital Investment Funds PDS Global Property Securities 22 September 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 427.52 KB
- 20260331 Resolution Capital Global Listed Infrastructure PIE QFU.pdf The quarterly update published by the provider PDF, 442.87 KB
- Resolution Capital Investment Funds PDS Global Listed Infrastructure 22 September 2025.pdf Additional product disclosure statement from the provider PDF, 405.63 KB
- Resolution Capital Investment Funds OMI 22 September 2025.pdf Other material information PDF, 296.72 KB
- Resolution Capital Investment Funds SIPO 22 September 2025.pdf Statement of investment policy and objectives PDF, 368.38 KB
About this category
Funds that do not fit the standard asset-class categories — global listed infrastructure, digital-asset funds, peer-to-peer income funds.
About Resolution Capital
Listed real-asset specialist with global property and global listed-infrastructure PIE funds for NZ investors.
See all funds from Resolution Capital →Head-to-head
Compare Resolution Capital Global Listed Infrastructure PIE Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Other funds
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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 Resolution Capital Global Listed Infrastructure PIE Fund?
Resolution Capital Global Listed Infrastructure PIE Fund is managed by Resolution Capital. Listed real-asset specialist with global property and global listed-infrastructure PIE funds for NZ investors.
What asset class is the Resolution Capital Global Listed Infrastructure PIE Fund?
It is a other managed fund. The fund has a balanced risk profile. Funds that do not fit the standard asset-class categories — global listed infrastructure, digital-asset funds, peer-to-peer income funds.
What are the fees for the Resolution Capital Global Listed Infrastructure PIE Fund?
The annual fund charge for the Resolution Capital Global Listed Infrastructure PIE Fund is 1.05% 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 Resolution Capital Global Listed Infrastructure PIE Fund?
The risk indicator is 6/7 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 Resolution Capital Global Listed Infrastructure PIE Fund a PIE fund?
Yes. The Resolution Capital Global Listed Infrastructure 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 Resolution Capital Global Listed Infrastructure PIE Fund?
Fund size (assets under management) is NZ$31 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Resolution Capital Global Listed Infrastructure PIE Fund invest in?
The latest published top holdings are: H2O America (9.67%), SSE plc (8.13%), Entergy Corp (7.18%). 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 Resolution Capital Global Listed Infrastructure PIE Fund?
The Resolution Capital Global Listed Infrastructure PIE Fund is available via InvestNow, Resolution Capital directly. Always read the current Product Disclosure Statement before investing.