Global Equities Fund
Overview
Invests in international shares. Aims to achieve long-term returns (before fees, taxes and other expenses) greater than the MSCI ACWI Net Total Return Index, 50% hedged to the New Zealand dollar. These investments typically have high levels of movement up and down in value.
Unit Price
2.4083 NZD
Month End Unit Price
2.3879 NZD
The unit prices shown do not take into account any adjustment for any accrued PIE tax that individual investors may need to pay on withdrawal. Buy/sell spreads may apply when transacting - there are currently none.
Manager's Comment
Major Investments
| Company name | % of fund |
|---|---|
| Nvidia Corp | 3.61% |
| Apple Inc | 3.48% |
| Alphabet Inc-Cl A | 3.00% |
| Microsoft Corp | 2.75% |
| Taiwan Semiconductor Manufacturing Co. Ltd (ADR) | 2.17% |
| NetApp Inc | 1.55% |
| Nordson Corp | 1.51% |
| Verizon Communications Inc | 1.32% |
| ASML Holding NV | 1.21% |
| BNP Paribas S.A. NZD Cash Deposit | 1.11% |
| Major holdings as % of total portfolio | 21.71% |
% Split of FUM by Investment Manager
| Investment Manager | |
| Te Ahumairangi | 49.59% |
| Octagon Global Factors Portfolio | 50.41% |
Monthly Performance
Quarterly Performance
Performance over time
Return Comparison
| 1 Month | 3 Months | 1 Year | *3 Years | *Since commenced operation | |
|---|---|---|---|---|---|
| Net Fund Return | 1 Month 0.24% | 3 Months 4.62% | 1 Year 14.42% | *3 Years 17.14% | *Since commenced operation 5.04% |
| Gross Fund Return | 1 Month 0.35% | 3 Months 4.91% | 1 Year 15.91% | *3 Years 18.73% | *Since commenced operation 6.22% |
| MSCI ACWI Net TR Index (50% hedged to the NZD) | 1 Month 1.40% | 3 Months 1.36% | 1 Year 18.59% | *3 Years 22.89% | *Since commenced operation 9.91% |
*Annualised
Net Fund Returns are calculated before deduction of taxes but after deduction of fund charges and trading expenses and including foreign tax credits where available. Prior to October 2022 Net Fund Returns were calculated after deduction of fund charges, trading expenses and accrued tax for a New Zealand resident paying individual tax at the highest Prescribed Investor Rate (28%). Gross Fund Returns are calculated before deduction of taxes and fund charges but after deduction of trading expenses and including foreign tax credits where applicable. Market index returns do not have any deductions for fund charges, trading expenses or tax.
Fund update
As at 30 June 2026
This document tells you how the Global Equities Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. (Please note that this fund was previously known as the Forsyth Barr Global Equities Fund, and that Fund Updates may refer to the fund by that name.)
General Fund Information
Risk indicator
Potentially lower returns
Potentially higher returns
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Lower risk
Higher risk
The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the relevant fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The risk indicator is based on the returns data for the five years to 30 June 2026. See more information about the risks of investing in the Product Disclosure Statement.
Target investment mix
| Cash and cash equivalents | 10.00% |
| New Zealand fixed interest | 0.00% |
| International fixed interest | 0.00% |
| Australasian equities | 0.00% |
| International equities | 90.00% |
| Listed property | 0.00% |
- Manager: Salt Investment Funds Limited
- Investment manager: Octagon Asset Management Limited
- Date the fund started: 26 June 2008
- Tax status: Portfolio Investment Fund (PIE)
- Minimum suggested investment time frame: At least five years
- Benchmark: MSCI ACWI Net Total Return Index, 50% hedged to the NZD
- Currency: New Zealand dollars
View the Product Disclosure Statement for detailed information about this Fund and Octagon Investment Funds Scheme.
Fees
- Annual fund charges are currently 1.35% p.a. of the value of your investment. We pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.
Important resources
Other material information
Other material information PDF (742 KB)
Annual report and financial statement
PIE information
Guide To PIE
PIR Flow Diagram
Advantages Of PIE
Governing documents
Statement Of Investment Policy And Objectives PDF (845 KB)
Deed of Amendment and Restatement of Master Unit Trust Deed PDF (1023 KB)
Deed of Amendment and Restatement Establishment Deed PDF (606 KB)
Product disclosure statement
Product Disclosure Statement PDF (2.1 MB)
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