ETF → NZ PIE mapping · same-issuer, same-index NZ PIE
A200 → NZ PIE
BetaShares Australia 200 Fund is a NZ PIE fund that tracks the Solactive Australia 200 Index — the same index tracked by the ASX-listed Betashares Australia 200 ETF (A200); both are issued by Betashares, per the scheme PDS and the issuer's fund page.
Betashares Australia 200 ETF is an ASX-listed ETF issued by Betashares, tracking the Solactive Australia 200 Index. Betashares — A200 fund page
How the NZ PIE relates to A200
This is a same-issuer, same-index relationship — not a feeder. The NZ PIE does not hold units of A200; it is issued by the same manager (Betashares) and tracks the same index by holding the index securities directly. It has its own annual fund charge, its own PDS on the FMA Disclose register, and PIE tax treatment.
BetaShares
BetaShares Australia 200 Fund
Relationship evidence: Betashares NZ scheme PDS (FMA Disclose, 30 Mar 2026)
Index the NZ fund benchmarks, per the PDS: Solactive Australia 200 Index.
Fees, side by side
The ETF figure is the issuer's published management fee/costs; the NZ figure is each fund's total annual fund charge from its Sorted Smart Investor record (a mirror of FMA Disclose data). The two come from different disclosure regimes — the fund's PDS sets out exactly what its annual fund charge includes.
| Product | Fee | Source |
|---|---|---|
| Betashares Australia 200 ETF (A200) ASX ETF · Betashares | 0.04% management fee/costs p.a. | As at 5 July 2026 · Betashares — A200 fund page |
| BetaShares Australia 200 Fund NZ PIE fund · BetaShares | 0.23% annual fund charge | As at 22 May 2026 · Sorted Smart Investor fund record |
Fees change — the issuer's page and the fund's PDS are authoritative. Buying an ASX-listed ETF directly also involves brokerage and currency-exchange costs that depend on the platform used — see the platform fee comparisons.
Tax: holding A200 directly vs via the NZ PIE
Via the NZ PIE fund
A Portfolio Investment Entity (PIE) pays tax on your behalf at your Prescribed Investor Rate (PIR), capped at 28%. For investors on the 30%, 33% or 39% marginal income tax rate, the PIR cap lowers tax drag versus holding the same exposure directly. The fund handles any FIF calculations on its overseas holdings inside the PIE — you do not file FIF income yourself for this holding.
Holding A200 directly
A NZ tax resident whose attributing overseas investments cost more than the NZ$50,000 FIF de-minimis threshold in total falls under the Foreign Investment Fund (FIF) rules. Under the default FDR (fair dividend rate) method, FIF taxable income is deemed to be 5% of the FIF portfolio's opening market value each year regardless of actual performance, taxed at your marginal income tax rate (up to 39%). The FIF exemption for most ASX-listed Australian company shares does not extend to Australian ETFs or managed funds such as A200 — they are usually attributing FIF interests.
Individuals and eligible family trusts may use the CV (comparative value) method instead of FDR where it produces a lower figure. Which structure results in less tax depends on your PIR, marginal rate, portfolio size and returns — this page describes the mechanics only and is not tax advice. See Inland Revenue or a tax professional for personalised guidance.
Questions about A200 and the NZ PIE
Is there a PIE fund version of A200 in New Zealand?
There is no NZ PIE that holds A200 itself, but BetaShares Australia 200 Fund is a NZ PIE issued by the same manager (Betashares) tracking the same index — it holds the index securities directly rather than units of the ETF, per the scheme PDS.
What is the fee difference between A200 and the NZ PIE fund?
Betashares publishes a management fee/costs of 0.04% p.a. for A200 (as at 5 July 2026, per Betashares — A200 fund page). BetaShares Australia 200 Fund reports a total annual fund charge of 0.23% (as at 22 May 2026, per its Sorted Smart Investor record). The two figures come from different disclosure regimes — the fund's PDS sets out exactly what its annual fund charge includes.
Is the NZ PIE fund the same thing as A200?
No — the NZ PIE does not hold A200 at all. It is a separate NZ-domiciled fund from the same issuer that tracks the same index by holding the index securities directly, with its own annual fund charge, PDS and PIE tax treatment.
How is tax different holding A200 directly versus via the NZ PIE fund?
Via the NZ PIE, the fund pays tax on your behalf at your Prescribed Investor Rate (PIR), capped at 28%. Holding A200 directly, a NZ tax resident whose attributing overseas investments cost more than NZ$50,000 in total falls under the Foreign Investment Fund (FIF) rules — under the default FDR method, taxable income is deemed to be 5% of the opening market value each year, taxed at your marginal rate (up to 39%). The FIF exemption for most ASX-listed Australian company shares does not extend to Australian ETFs or managed funds such as A200. Source: Inland Revenue's FIF and PIE guidance.
Other ETF → NZ PIE mappings
ManagedFundsNZ is not affiliated with Betashares or any fund manager on this page and accepts no paid placement. This is general information, not financial or tax advice — read the relevant PDS and consider personalised advice from a licensed financial adviser before investing.