Simplicity Unhedged Global Share Fund
Managed by Simplicity 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
0.15%
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$2.73b
98% growth · 2% income
The Unhedged Global Share Fund invests in listed global shares and tracks the Bloomberg Developed Markets ex NZ ESG Screened Index. It is intended to be part of a diversified investment portfolio.
Key facts
Fund start date
28 April 2023
Min. investment
NZ$1
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
0.15%
Category median: 0.60%
Cheaper than 91% of peers
Fund size
NZ$2.73b
Category median: NZ$94.4m
Top 1% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$75
Compounded charge over 5 years (excl. returns)
$222 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 |
|---|---|
 NVIDIA Corp | 6.53% |
 Apple Inc | 5.87% |
 Microsoft Corporation | 4.40% |
 Amazon.Com Inc | 3.22% |
 Alphabet Inc Class A | 2.66% |
 Broadcom Inc | 2.31% |
| Alphabet Inc Class C | 2.13% |
 Meta Platforms Inc | 1.99% |
 Tesla Motors Inc | 1.73% |
| EL Eli Lilly and Company | 1.26% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- UNHEDGED GLOBAL SHARE FUND (FND43094) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 3.96 KB
- Product Disclosure Statement Simplicity Investment Funds 1 September 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 168.18 KB
- Simplicity Unhedged Global Share Fund update 31 March 2026.pdf The quarterly update published by the provider PDF, 537.75 KB
- Simplicity Wholesale Property Fund OMI 30 June 2025.pdf Wholesale Property Fund other material information 30 June 2025 PDF, 322.79 KB
- Letterto FMA (FMC Exemption Notice 2020)18 August 20.pdf Financial Markets Conduct (Financial Reporting and Other Relief—COVID-19) Exemption Notice 2020 (Exemption Notice) PDF, 239.41 KB
- Other Material Information Simplicity Investment Funds 1 September 2025.pdf Other Material Information PDF, 4.07 MB
- Simplicity Investment Funds Financial Statements&Annual Report 31 March 2017.pdf Letter in lieu of annual report and financial statements PDF, 227.39 KB
- Simplicity Private Equity Valuation Policy Final 250130 v 5.pdf Simplicity Private Equity Valuation Policy PDF, 700.81 KB
- Simplicity Investment Funds 31 March 2026 Register Entry Additional Information First Home Mortgage Fund.pdf Simplicity Investment Funds- 31 December 2025 - Register Entry Additional Information - Fir
- Statement of Investment Policy and Objectives Simplicity Investment Funds 1 May 2026.pdf Statement of investment policy and objectives PDF, 395.98 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 Simplicity
Not-for-profit-aligned manager offering low-fee diversified and single-asset PIE funds; donates 15% of fees to charity.
See all funds from Simplicity →Head-to-head
Compare Simplicity Unhedged Global Share 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 Simplicity Unhedged Global Share Fund?
Simplicity Unhedged Global Share Fund is managed by Simplicity. Not-for-profit-aligned manager offering low-fee diversified and single-asset PIE funds; donates 15% of fees to charity.
What asset class is the Simplicity Unhedged Global Share 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 Simplicity Unhedged Global Share Fund?
The annual fund charge for the Simplicity Unhedged Global Share Fund is 0.15% 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 Simplicity Unhedged Global Share 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 Simplicity Unhedged Global Share Fund a PIE fund?
Yes. The Simplicity Unhedged Global Share 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 Simplicity Unhedged Global Share Fund?
Fund size (assets under management) is NZ$2.73 billion as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Simplicity Unhedged Global Share Fund invest in?
The latest published top holdings are: NVIDIA Corp (6.53%), Apple Inc (5.87%), Microsoft Corporation (4.40%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Is the Simplicity Unhedged Global Share Fund currency-hedged?
No. The Simplicity Unhedged Global Share 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.
How can I invest in the Simplicity Unhedged Global Share Fund?
The Simplicity Unhedged Global Share Fund is available via Simplicity directly. Always read the current Product Disclosure Statement before investing.