{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/tahito/te-tai-o-rehua/", "fetchedAt": "2026-06-20T08:25:17.188Z", "fund": { "slug": "te-tai-o-rehua", "name": "TAHITO Te Tai o Rehua Fund", "managerSlug": "tahito", "category": "australasian-equities", "riskProfile": null, "isPie": true, "isEtf": null, "ticker": null, "isHedged": null, "isResponsibleInvestment": true, "isThematic": null, "isFifNotPie": null, "shortDescription": null, "availableVia": [ "direct" ], "dataStatus": "pending-ingestion" }, "manager": { "slug": "tahito", "name": "TAHITO", "legalName": null, "parent": null, "website": "https://tahito.co.nz", "hq": "Auckland" }, "category": { "slug": "australasian-equities", "name": "Australasian Equities", "shortName": "Australasian Equities" }, "metrics": { "status": "ok", "matchScore": 3, "sortedFundName": "TAHITO TE TAI O REHUA FUND", "sortedManager": "CLARITY FUNDS MANAGEMENT LIMITED clarityfunds.co.nz", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10600/OFR10601/FND35028/", "fetchedAt": "2026-05-22T02:51:23.348Z", "source_doc": "sorted/SCH10600/OFR10601/FND35028", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10600/OFR10601/FND35028/", "source_tier": "C", "riskIndicator": 5, "annualFundChargePct": 1.26, "peerAvgFeePct": 0.91, "fiveYearReturnPct": 1.77, "peerAvg5YearReturnPct": 4.91, "growthAssetsPct": 98.31, "incomeAssetsPct": 1.69, "fundSizeNzd": 26934525.16, "pdsUrl": "/disclose-document/2a29fa7947b4dc0e/Clarity-PDS-Document-2-April-26---FINAL.pdf", "strategySummary": "“\n The Fund is an indigenous ethical and sustainable fund. The Fund\nUses 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.\n ", "topHoldings": [ { "asset": "Meridian Energy Limited", "assetClass": "Shares", "type": "Australasian Equities", "country": "NZ", "weightPct": 8.28 }, { "asset": "Spark New Zealand Ltd", "assetClass": "Shares", "type": "Australasian Equities", "country": "NZ", "weightPct": 6.68 }, { "asset": "NZD Cash at Bank", "assetClass": "Cash", "type": "Cash and Cash Equivalents", "country": "NZ", "weightPct": 5.66 }, { "asset": "Brambles Ltd", "assetClass": "Shares", "type": "Australasian Equities", "country": "AU", "weightPct": 5.48 }, { "asset": "Sims Group Ltd", "assetClass": "Shares", "type": "Australasian Equities", "country": "AU", "weightPct": 5.24 }, { "asset": "Commonwealth Bank of Australia", "assetClass": "Shares", "type": "Australasian Equities", "country": "AU", "weightPct": 5.01 }, { "asset": "Fisher & Paykel Healthcare Ltd", "assetClass": "Shares", "type": "Australasian Equities", "country": "NZ", "weightPct": 4.33 }, { "asset": "ALS Ltd", "assetClass": "Shares", "type": "Australasian Equities", "country": "AU", "weightPct": 4.27 }, { "asset": "Goodman Property Trust", "assetClass": "Shares", "type": "Australasian Equities", "country": "NZ", "weightPct": 4 }, { "asset": "Summerset Group Holdings Ltd", "assetClass": "Shares", "type": "Australasian Equities", "country": "NZ", "weightPct": 3.9 } ], "fundStartDate": "17 June 2021", "minimumInvestmentNzd": 10000, "documents": [ { "label": "TAHITO TE TAI O REHUA FUND (FND35028) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 1.20 KB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/full-portfolio/FND35028/TAHITO-TE-TAI-O-REHUA-FUND-FND35028-Full-portfolio-holdings-31-March-2026.xlsx" }, { "label": "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", "href": "https://smartinvestor.sorted.org.nz/disclose-document/2a29fa7947b4dc0e/Clarity-PDS-Document-2-April-26---FINAL.pdf" }, { "label": "TAHITO Te Tai o Rehua Fund 31 March 2026.pdf The quarterly update published by the provider PDF, 453.72 KB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/97196af10f2f9d3a/TAHITO-Te-Tai-o-Rehua-Fund-31-March-2026.pdf" }, { "label": "Enhanced Cash PIE PDS 2 Apr 26 FINAL.pdf Additional product disclosure statement from the provider PDF, 232.17 KB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/588777fe5e7225d5/Enhanced-Cash-PIE-PDS---2-Apr-26-FINAL.pdf" }, { "label": "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", "href": "https://smartinvestor.sorted.org.nz/disclose-document/0027c40e084be365/Clarity-OMI-Document-2-April-26-FINAL.pdf" }, { "label": "TAHITO PDS 13 May 26 Final.pdf Additional product disclosure statement from the provider PDF, 2.14 MB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/0378313ccf8687b3/TAHITO-PDS---13-May-26---Final.pdf" }, { "label": "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", "href": "https://smartinvestor.sorted.org.nz/disclose-document/e9dcac27232d36e8/Combined-SIP-Os-TAHITO-13-May-26-Clarity-02-Apr-26-Enhanced-Cash-PIE-02-Apr-26.pdf" } ] }, "pdsExtract": null, "sipoExtract": null, "omiExtract": { "_provenance": { "scheme_id": "SCH10600", "doc_type": "omi", "source_doc_url": "https://smartinvestor.sorted.org.nz/disclose-document/0027c40e084be365/Clarity-OMI-Document-2-April-26-FINAL.pdf", "source_doc_date": "2026-04-01", "source_tier": "A", "pdf_hash": "1e7299a8daf2a0f11ebbc79529387bedd6748751c1c8106cf1cf7ccebfd1fa50", "extracted_at": "2026-05-28T00:04:07.841Z" }, "scheme": { "scheme_name": "Clarity Funds Scheme", "manager_name": "Clarity Funds Management Limited", "omi_version_date": "2 April 2026" }, "related_party_transactions": [ { "counterparty": "Investment Services Group (ISG)", "relationship": "Parent company of Clarity Funds Management Limited", "nature": "Investment administration, accounting, legal support, IT, marketing and HR services delegated under a Service Level Agreement", "fee_or_rate": "A portion of the total fund charge collected from the Funds" }, { "counterparty": "Devon Funds Management Limited", "relationship": "Related party (receives portion of fund charges)", "nature": "Outsourced investment management services for the Clarity Dividend Yield Fund, Trans-Tasman Value Fund and New Zealand Equity Fund under a Service Level Agreement", "fee_or_rate": "A portion of the total fund charge collected from the Funds" } ], "conflicts_of_interest": [ "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." ], "fee_waivers": [], "performance_fee_mechanics": [ { "fund_name": "All Funds (scheme-wide)", "hurdle_verbatim": null, "high_water_mark": null, "high_water_mark_reset_terms": null, "crystallisation_cadence": null, "cap_pct": null, "performance_fee_terms_full": "We do not currently impose, nor intend to introduce, any performance fees for any of the Funds. Under the terms of the Trust Deed we may do so. If Clarity invests in other funds, those funds may charge fees, including performance fees. These fees are included in the total annual fund charges in the PDS." } ], "material_risks_not_in_pds_summary": [ { "risk_name": "Tax risk", "description": "Changes in taxation rates and tax rules may materially impact your investment returns. The taxation assumptions used are based on existing New Zealand tax legislation. You should consult your tax adviser before investing in the Funds." }, { "risk_name": "Operational risk", "description": "This is the risk resulting from the failure of processes, systems and people or external events. This can include business systems or process failures; human error or failure; fraud; data integrity risk; security risk and non-compliance with legal and regulatory obligations. We have established processes to mitigate these risks, where possible." }, { "risk_name": "Service provider risk", "description": "If any parties involved in the operation of the Funds (including the Custodian and Administration Manager) fail to perform their obligations, there is the risk that this could adversely affect investors." }, { "risk_name": "Investment manager risk", "description": "This risk is related to the key professionals involved in the Funds whose departure could impact its performance. The Manager will only appoint investment managers who have taken appropriate steps to address key person risk. This reduces the potential effect on your investment if one key professional leaves the investment manager." } ], "tax_disclosures": [ "The Funds are registered multi-rate Portfolio Investment Entities (PIEs); all taxable income, losses and tax credits related to a Fund's investments must be attributed to investors in proportion to their interest in a Fund.", "PIE income is taxed at the investor's Prescribed Investor Rate (PIR) of either 0%, 10.5%, 17.5% or 28%.", "PIE tax is generally a 'final' tax — investors do not need to include PIE taxable income in their income tax return provided the correct PIR has been supplied; if the PIR is understated the investor must complete an income tax return to pay the shortfall at their personal income tax rate.", "The IRD can instruct Clarity to apply a different PIR to the one notified by the investor if they believe it is incorrect.", "New Zealand tax resident companies have a 0% PIR and must include PIE income (or loss) in their tax return; non-NZ tax resident companies are taxed at 28%.", "New Zealand tax resident trustees have a 0% PIR; testamentary trust trustees may notify 10.5%; other NZ resident trustees may notify 17.5% or 28%; non-NZ resident trustees are taxed at 28%.", "Foreign residents' allocated income is taxed at 28%; Clarity accounts to Inland Revenue directly for tax on non-resident investors' allocated income.", "Capital gains on shares in NZ resident companies and certain Australian resident listed companies are excluded from taxable income as PIE; dividends on those shares remain taxable.", "Shares in Australian resident companies not meeting the exclusion criteria are generally not held; if held, they are taxed under the fair dividend rate (FDR) method at 5% of opening market value, with dividends not separately taxed in NZ under FDR.", "Losses in respect of relevant share holdings are not deductible to the Funds for tax purposes.", "Tax may be imposed in overseas jurisdictions in relation to overseas investments, although this may give rise to a tax credit in New Zealand.", "Fees charged by the Funds are treated as tax-deductible expenditure and are deducted from PIE income when calculating tax payable.", "If an investor does not provide their IRD number, contact details and tax residency information within six weeks, withdrawals may be suspended and/or the investment terminated.", "Where continued holding of units may contribute to a Fund ceasing to be eligible as a PIE, Clarity may compulsorily withdraw an investor's units if their PIE tax liability in the Fund exceeds 50% of the value of units held." ], "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)", "source_paragraphs": [ "The only related parties currently involved in this offer are ISG and Devon. ISG provide investment administration and investment operation services to the Funds. Devon provide investment management services to the Trans-Tasman Value Fund, Dividend Yield Fund and the New Zealand Equity Fund. Both ISG and Devon receive a portion of the total fund charge collected from the Funds to cover its services.", "We do not currently impose, nor intend to introduce, any performance fees for any of the Funds. Under the terms of the Trust Deed we may do so. If Clarity invests in other funds, those funds may charge fees, including performance fees. These fees are included in the total annual fund charges in the PDS.", "Guardian Trust has nominated BNP Paribas Fund Services Australasia Pty Limited as custodians to hold the Scheme's assets. Guardian Trust retains primary responsibility for the custody of the Scheme's assets and from time to time, hold Scheme assets in custody." ], "_match": { "schemeId": "SCH10600", "ourFundName": "TAHITO TE TAI O REHUA FUND", "scope": "scheme-level" } }, "sources": { "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=TAHITO%20Te%20Tai%20o%20Rehua%20Fund", "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10600/OFR10601/FND35028/", "productDisclosureStatement": "/disclose-document/2a29fa7947b4dc0e/Clarity-PDS-Document-2-April-26---FINAL.pdf", "pdsExtractSource": null, "sipoExtractSource": null, "omiExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/0027c40e084be365/Clarity-OMI-Document-2-April-26-FINAL.pdf" }, "licence": { "reuse": "Citation with link-back to canonicalUrl required. No paid redistribution.", "contact": "hello@managedfunds.nz" } }