Summer Global Fixed Interest
Managed by Summer 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
0.87%
vs peer avg 0.57%
Risk indicator
3/7
1 = lower risk · 7 = higher risk
5-year return p.a.
0.20%
peer avg 1.42%
Fund size
NZ$1.1m
0% growth · 100% income
The Summer Global Fixed Interest fund invests in international fixed interest assets. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than the Bloomberg Global Aggregate Total Return Index (hedged to New Zealand dollars).
Key facts
Fund start date
19 September 2016
Tax structure
PIE
Capped at your PIR (max 28%)
How this fund compares to peers
Mechanical comparison vs the 31 other international fi 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
0.87%
Category median: 0.70%
Pricier than most peers (top 76% by fee)
5y return p.a. (after fees)
+0.20%
Category median: +0.48%
Lower than most peers (bottom 23% over period)
Fund size
NZ$1.1m
Category median: NZ$141.0m
8th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$427
Compounded charge over 5 years (excl. returns)
$82 more 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 2 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
| HG HUNTER GLOBAL FIXED INTEREST FUND | 96.17% |
 ANZ TRANSACTIONAL BANK ACCOUNT | 3.83% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- SUMMER GLOBAL FIXED INTEREST (FND1191) Full portfolio holdings 31 December 2025.xlsx Download the full portfolio holdings. XLSX, 0.35 KB
- Summer Kiwi Saver Scheme Product Disclosure Statement 14 May 2026.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.75 MB
- Summer Kiwi Saver Fund Update GFI.pdf The quarterly update published by the provider PDF, 183.61 KB
- Summer Kiwi Saver Scheme SIPO 14 May 2026.pdf This is the Statement of Investment Policy and Objectives for the Summer KiwiSaver Scheme PDF, 516.12 KB
- Summer Kiwi Saver Scheme OMI 14 May 2026.pdf This document contains additional information relating to the Summer KiwiSaver Scheme PDF, 423.50 KB
- Summer Kiwi Saver Scheme SIPO 14 May 2026.pdf Statement of investment policy and objectives PDF, 516.12 KB
About this category
Funds investing in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
About Summer
Forsyth Barr-owned retail investment brand with a Selection multi-asset range and single-asset-class index funds.
Parent: Forsyth Barr
See all funds from Summer →Head-to-head
Compare Summer Global Fixed Interest with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International FI 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 Summer Global Fixed Interest?
Summer Global Fixed Interest is managed by Summer (parent: Forsyth Barr). Forsyth Barr-owned retail investment brand with a Selection multi-asset range and single-asset-class index funds.
What asset class is the Summer Global Fixed Interest?
It is a international fi managed fund. The fund has a conservative risk profile. Funds investing in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
What are the fees for the Summer Global Fixed Interest?
The annual fund charge for the Summer Global Fixed Interest is 0.87% 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 Summer Global Fixed Interest?
The risk indicator is 3/7 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 Summer Global Fixed Interest a PIE fund?
Yes. The Summer Global Fixed Interest 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 Summer Global Fixed Interest?
Fund size (assets under management) is NZ$1 million as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the Summer Global Fixed Interest invest in?
The latest published top holdings are: HUNTER GLOBAL FIXED INTEREST FUND (96.17%), ANZ TRANSACTIONAL BANK ACCOUNT (3.83%). 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 Summer Global Fixed Interest?
The Summer Global Fixed Interest is available via Summer directly. Always read the current Product Disclosure Statement before investing.