Schroder Sustainable Global Core PIE Fund
Managed by Schroders 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
0.39%
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$946.0m
98% growth · 2% income
The fund aims to provide exposure to global listed equities and is an actively managed strategy designed to target outperformance relative to the benchmark index with limited risk relative to the index. This strategy provides the benefits of index-based investing from a risk and cost perspective with the advantage of relative performance upside potential.
Key facts
Fund start date
1 December 2023
Min. investment
NZ$25,000
Tax structure
PIE
Capped at your PIR (max 28%)
Currency
Unhedged
How this fund compares to peers
Mechanical comparison vs the 82 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
0.39%
Category median: 0.60%
Cheaper than 73% of peers
Fund size
NZ$946.0m
Category median: NZ$94.4m
Top 5% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$193
Compounded charge over 5 years (excl. returns)
$103 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 9 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
 NVIDIA Corp | 5.40% |
 Apple Inc | 4.72% |
 Microsoft Corporation | 3.29% |
 Amazon.Com Inc | 2.54% |
 Alphabet Inc Class A | 2.13% |
 Broadcom Inc | 1.85% |
| Alphabet Inc Class C | 1.78% |
 Meta Platforms Inc | 1.58% |
 Tesla Motors Inc | 1.30% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- SCHRODER SUSTAINABLE GLOBAL CORE PIE FUND (FND45740) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 13.54 KB
- 20260120 Schroders PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 294.86 KB
- 20260331 Schroder Sustainable Global Core PIE QFU.pdf The quarterly update published by the provider PDF, 467.49 KB
- 20260120 Schroders OMI.pdf Other material information PDF, 324.86 KB
- 20260401 Schroder Investment Funds SIPO.pdf Statement of investment policy and objectives PDF, 424.86 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 Schroders
Global asset manager with a Sustainable Global Core PIE fund (hedged and unhedged variants) for NZ investors.
See all funds from Schroders →Head-to-head
Compare Schroder Sustainable Global Core PIE Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International Equities 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 Schroder Sustainable Global Core PIE Fund?
Schroder Sustainable Global Core PIE Fund is managed by Schroders. Global asset manager with a Sustainable Global Core PIE fund (hedged and unhedged variants) for NZ investors.
What asset class is the Schroder Sustainable Global Core 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 Schroder Sustainable Global Core PIE Fund?
The annual fund charge for the Schroder Sustainable Global Core PIE Fund is 0.39% 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 Schroder Sustainable Global Core 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 Schroder Sustainable Global Core PIE Fund a PIE fund?
Yes. The Schroder Sustainable Global Core 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 Schroder Sustainable Global Core PIE Fund?
Fund size (assets under management) is NZ$946 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Schroder Sustainable Global Core PIE Fund invest in?
The latest published top holdings are: NVIDIA Corp (5.40%), Apple Inc (4.72%), Microsoft Corporation (3.29%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Is the Schroder Sustainable Global Core PIE Fund currency-hedged?
No. The Schroder Sustainable Global Core PIE Fund is unhedged — returns include the impact of NZD/foreign-currency movements. NZD weakness boosts foreign-asset returns in NZD terms; NZD strength reduces them.
Does the Schroder Sustainable Global Core PIE Fund apply responsible-investment screens?
Yes. The Schroder Sustainable Global Core PIE Fund applies responsible-investment or ESG screening criteria — exclusions and engagement policies are documented in the fund's Statement of Investment Policy and Objectives (SIPO). Check the SIPO for the specific screening framework used.
How can I invest in the Schroder Sustainable Global Core PIE Fund?
The Schroder Sustainable Global Core PIE Fund is available via InvestNow, Schroders directly. Always read the current Product Disclosure Statement before investing.