Fonterra Shareholders' Fund (FSF)

NZX-listed Consumer Staples company — share price, dividends, financials, board of directors and governance score.

Fonterra Shareholders' Fund (NZX:FSF) last traded at $8.40 on 25 Sept 2026, a market capitalisation of $887M NZD, a board of 19 directors chaired by Mary Jane Daly and a Governance Risk Score of 64/100.

Fonterra Shareholders' Fund is a closed-end fund that provides non-farmer investors with economic rights equivalent to holding Fonterra Co-operative Group shares. The fund units trade on the NZX, offering exposure to Fonterra's global dairy operations.

Share price
$8.40+1.45%
Market cap
$887MNZD
Dividend yield
5.65%
Governance score
64/100Good
Board size
1940% independent
Last dividend
200.00cFY2026

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Fonterra Shareholders' Fund board of directors

15 current directors, 40% independent, average tenure 9.5 years.

DirectorRoleIndependentAppointedTenureCommittees
Mary Jane DalyChairNo20205.9 yrs—
Carlie EveIndependent DirectorYes20223.9 yrs—
Holly KramerIndependent DirectorYes20233.2 yrs—
Alistair FieldIndependent DirectorYes20241.9 yrs—
John NichollsIndependent DirectorNo20223.9 yrs—
Catherine Agnes Quinn ONZMIndependent DirectorYes20188.0 yrs—
Ashley James WaughIndependent DirectorNo201511.7 yrs—
Alastair HercusIndependent DirectorYes20223.9 yrs—
John WilsonIndependent DirectorNo200323.7 yrs—
Ian FarrellyIndependent DirectorNo200719.7 yrs—
David JacksonIndependent DirectorNo———
David MacLeodIndependent DirectorNo———
John WallerIndependent DirectorNo200917.7 yrs—
Malcolm BaileyIndependent DirectorNo———
Sir Ralph NorrisIndependent DirectorYes201510.9 yrs—

FSF governance score breakdown

Fonterra Shareholders' Fund scores 64/100 (Good) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.

Board structure
14/25
Shareholder rights
17/20
Executive remuneration
1/10

FSF dividends

The most recent Fonterra Shareholders' Fund dividend on record is 200.00 cents per share, for FY2026 (special), ex-dividend 8 Apr 2026, paid 14 Apr 2026.

Fonterra Shareholders' Fund largest shareholders

Top 10 registered holders of FSF as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1New Zealand Depository Nominee Limited0.07%
2Accident Compensation Corporation0.04%
3BNP Paribas Nominees (NZ) Limited - NZCSD <BPSS40>0.04%
4BNP Paribas Nominees (NZ) Limited - NZCSD0.04%
5Custodial Services Limited0.02%
6Craigmore Dairy II Services Limited0.02%
7Citibank Nominees (New Zealand) Limited0.01%
8Tea Custodians Limited Client Property Trust Account0.01%
9JBWere (NZ) Nominees Limited <NZ Resident A/C>0.01%
10HSBC Nominees (New Zealand) Limited0.01%

Recent FSF NZX announcements

The 10 most recent filings by Fonterra Shareholders' Fund to the NZX.

Consumer Staples companies on the NZX

Compare Fonterra Shareholders' Fund with other NZX-listed consumer staples companies.

All NZX Consumer Staples companies · All 131 NZX-listed companies