TAHITO Te Tai o Rehua Fund
Managed by TAHITO TAHITO Te Tai o Rehua Fund is a australasian equities managed fund operated by TAHITO; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 1.26% · minimum investment NZ$10,000. Compared with 57 other same-category funds on this site, the 1.26% annual fund charge sits above the same-category median of 1.00%.
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
1.26%
vs peer avg 0.91%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
1.77%
peer avg 4.91%
Fund size
NZ$26.9m
98% growth · 2% income
The Fund is an indigenous ethical and sustainable fund. The Fund Uses positive Environment, Social and Governance (ESG) integrated screens in selecting investments. Māori indigenous values and principles serve as the foundation to the Fund’s philosophy and investment selection process. The Fund will provide actively managed exposure to a portfolio of primarily New Zealand and Australian companies that have been selected in accordance with the TAHITO investment philosophy. The Fund aims to generate a better return than the benchmark over the medium to long term.
How TAHITO Te Tai o Rehua Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Responsible-investment screen
- Applies an RI / ESG screen disclosed in the Statement of Investment Policy.
- Top 3 holdings
- Meridian Energy Limited (8.3%) · Spark New Zealand Ltd (6.7%) · NZD Cash at Bank (5.7%)
Key facts
Fund start date
17 June 2021
Min. investment
NZ$10,000
Tax structure
PIE
Capped at your PIR (max 28%)
Reading between the lines
Plain-English summary of the scheme's disclosed conflicts and performance-fee mechanics, drawn from the OMI and PDS. Factual restatement — no opinion.
- Clarity acknowledges that its parent company, ISG, provides administration, IT, legal, and other operational services to the Funds and is paid a portion of the total fund charge collected from investors.
- Clarity acknowledges that Devon Funds Management Limited manages three funds (Dividend Yield, Trans-Tasman Value, and New Zealand Equity) under an outsourced arrangement and also receives a portion of the total fund charge.
- Clarity discloses that directors, employees, and associated persons may personally invest in the Funds, which could create a conflict between their personal interests and those of other investors.
- Clarity states it will not enter related-party transactions except where agreed with the Supervisor and permitted under the FMC Act, but no performance-fee mechanic or fee rebate arrangement is disclosed in this document.
Generated 2026-05-28 from Clarity Funds Scheme OMI (dated 2026-04-01). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
Scheme disclosures
From the Other Material Information (OMI) document. Scheme-level — applies to every fund in this scheme.
Trustee / Supervisor
New Zealand Guardian Trust Company Limited
Auditor
PwC Auckland
Custodian
BNP Paribas Fund Services Australasia Pty Limited (nominated by Guardian Trust, which retains primary responsibility)
Conflicts disclosed
4
In OMI
Conflicts of interest disclosed in OMI
- Directors, employees and other associated persons of Clarity may choose to invest in the Funds.
- ISG, as parent of Clarity, provides investment administration and investment operation services to the Funds and receives a portion of the total fund charge, creating a related-party conflict.
- Devon Funds Management Limited provides investment management services to the Trans-Tasman Value Fund, Dividend Yield Fund and New Zealand Equity Fund and receives a portion of the total fund charge, creating a related-party conflict.
- Clarity will not enter into transactions with related parties who may benefit from those arrangements, except as agreed with the Supervisor and as permitted under the provisions of the FMC Act.
How this fund compares to peers
Mechanical comparison vs the 58 other australasian 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
1.26%
Category median: 1.01%
Pricier than most peers (top 84% by fee)
5y return p.a. (after fees)
+1.77%
Category median: +1.68%
Above peer median (54th percentile)
Fund size
NZ$26.9m
Category median: NZ$74.1m
27th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$614
Compounded charge over 5 years (excl. returns)
$119 more than peer median
Read the full fee-vs-peers breakdown →
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 |
|---|---|
 Meridian Energy Limited | 8.28% |
 Spark New Zealand Ltd | 6.68% |
| $ NZD Cash at Bank | 5.66% |
| BR Brambles Ltd | 5.48% |
| SG Sims Group Ltd | 5.24% |
 Commonwealth Bank of Australia | 5.01% |
 Fisher & Paykel Healthcare Ltd | 4.33% |
| AL ALS Ltd | 4.27% |
| GP Goodman Property Trust | 4.00% |
 Summerset Group Holdings Ltd | 3.90% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- TAHITO TE TAI O REHUA FUND (FND35028) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 1.20 KB
- Clarity PDS Document 2 April 26 FINAL.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.01 MB
- TAHITO Te Tai o Rehua Fund 31 March 2026.pdf The quarterly update published by the provider PDF, 453.72 KB
- Enhanced Cash PIE PDS 2 Apr 26 FINAL.pdf Additional product disclosure statement from the provider PDF, 232.17 KB
- Clarity OMI Document 2 April 26 FINAL.pdf Other information related to the Clarity Funds, TAHITO and the Enhanced Cash PIE to supplement and be read in conjunction with, the Product Disclosure Stateme
- TAHITO PDS 13 May 26 Final.pdf Additional product disclosure statement from the provider PDF, 2.14 MB
- Combined SIP Os TAHITO 13 May 26 Clarity 02 Apr 26 Enhanced Cash PIE 02 Apr 26.pdf Statement of investment policy and objectives PDF, 3.09 MB
About this category
Funds investing primarily in shares listed on the NZX (New Zealand) or ASX (Australia), or both as Trans-Tasman portfolios. Includes active stock-pickers and passive index trackers.
About TAHITO
Māori-led indigenous-values investment manager with a trans-Tasman equity fund.
See all funds from TAHITO →Common questions
Questions people ask about TAHITO Te Tai o Rehua Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised financial adviser.
What investment has the highest return in NZ?
Returns vary by asset class, market conditions, and time horizon. TAHITO Te Tai o Rehua Fund (an Australasian Equities fund) returned 3.59% p.a. after fees over the past 5 years as at the latest QFU; compare this against other funds in our coverage via FMA Disclose (https://disclose-register.companiesoffice.govt.nz/) to see historical returns across different fund types and managers.
What is the dark side of mutual funds?
Common fund risks include market volatility, fees reducing net returns, concentration in fewer holdings, and liquidity constraints. TAHITO carries a Risk Indicator of 5/7 on the FMA standardised scale and charges 1.28% p.a.—above the peer-cohort average of 0.95% p.a.—so investors should review the Product Disclosure Statement and FMA Disclose register to understand fees, risks, and asset composition before investing.
Head-to-head
Compare TAHITO Te Tai o Rehua Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Australasian Equities funds
FMA risk band
Same risk band (5/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
View risk band 5 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 TAHITO Te Tai o Rehua Fund?
TAHITO Te Tai o Rehua Fund is managed by TAHITO. Māori-led indigenous-values investment manager with a trans-Tasman equity fund.
What asset class is the TAHITO Te Tai o Rehua Fund?
It is a australasian equities managed fund. Funds investing primarily in shares listed on the NZX (New Zealand) or ASX (Australia), or both as Trans-Tasman portfolios. Includes active stock-pickers and passive index trackers.
What are the fees for the TAHITO Te Tai o Rehua Fund?
The annual fund charge for the TAHITO Te Tai o Rehua Fund is 1.26% 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 TAHITO Te Tai o Rehua 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 TAHITO Te Tai o Rehua Fund a PIE fund?
Yes. The TAHITO Te Tai o Rehua 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 TAHITO Te Tai o Rehua Fund?
Fund size (assets under management) is NZ$27 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the TAHITO Te Tai o Rehua Fund invest in?
The latest published top holdings are: Meridian Energy Limited (8.28%), Spark New Zealand Ltd (6.68%), NZD Cash at Bank (5.66%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Does the TAHITO Te Tai o Rehua Fund apply responsible-investment screens?
Yes. The TAHITO Te Tai o Rehua 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 TAHITO Te Tai o Rehua Fund?
The TAHITO Te Tai o Rehua Fund is available via TAHITO directly. Always read the current Product Disclosure Statement before investing.
What investment has the highest return in NZ?
Returns vary by asset class, market conditions, and time horizon. TAHITO Te Tai o Rehua Fund (an Australasian Equities fund) returned 3.59% p.a. after fees over the past 5 years as at the latest QFU; compare this against other funds in our coverage via FMA Disclose (https://disclose-register.companiesoffice.govt.nz/) to see historical returns across different fund types and managers.
What is the dark side of mutual funds?
Common fund risks include market volatility, fees reducing net returns, concentration in fewer holdings, and liquidity constraints. TAHITO carries a Risk Indicator of 5/7 on the FMA standardised scale and charges 1.28% p.a.—above the peer-cohort average of 0.95% p.a.—so investors should review the Product Disclosure Statement and FMA Disclose register to understand fees, risks, and asset composition before investing.