Fund-vs-fund · Diversified
ANZ Investments OneAnswer Balanced Growth Fund vs ANZ Investments OneAnswer Growth Fund
Both are Diversified funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
Why these two differ
The most material observation about these two funds is that every disclosed data point across both is identical, which raises a data integrity flag rather than a meaningful structural difference. The ANZ Investments OneAnswer Balanced Growth Fund and the ANZ Investments OneAnswer Growth Fund share the same manager, the same diversified category, the same annual fund charge of 0.95%, the same risk indicator of 4 out of 7, the same five-year return of 3.69%, the same fund size of NZD 45,614,934.86, the same growth assets allocation of 78.48%, the same top five holdings in the same weights, and they resolve to the same PDS URL and the same Sorted smart investor URL. Funds with different names — one carrying "Balanced Growth" and the other "Growth" — would ordinarily be expected to differ meaningfully in their growth-to-income asset split and risk profile, since those labels conventionally signal different mandates. The fact that the snapshot data is entirely duplicated suggests either a data-feed error in the underlying QFU records or that the two funds have been merged and one entry is a legacy record. No differentiated information is currently available in this snapshot to distinguish the two products. Investors who hold, or are considering, a managed fund account in either of these offerings should verify current portfolio composition, mandate, and fee structure against each fund's individual product disclosure statement and latest quarterly fund update on FMA Disclose before relying on any figures presented here.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
What's different at a glance
- Annual fund charges are within 0.05% of each other (0.95% vs 0.95%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where each fund sits in its cohort
Percentile rank vs all 67 diversified funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
ANZ Investments
0.95%
Lower half of cohort
ANZ Investments
0.95%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
3.69%
Upper half over 5 years
ANZ Investments
3.69%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$46m
Lower half by size
ANZ Investments
NZ$46m
Lower half by size
| Metric | ANZ Investments | ANZ Investments | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.95% | 0.95% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | 3.69% | 3.69% | Higher is better (past not future) |
| Fund size | NZ$46m | NZ$46m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 78% / 22% | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | — | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
Matching holdings
10
of each fund's top 10
ANZ Investments weight in shared
10.6%
of ANZ Investments OneAnswer Balanced Growth Fund top 10 is shared
ANZ Investments weight in shared
10.6%
of ANZ Investments OneAnswer Growth Fund top 10 is shared
| Holding | ANZ Investments | ANZ Investments |
|---|---|---|
 Nvidia Corporation US | 1.66% | 1.66% |
 Apple Inc US | 1.48% | 1.48% |
| FA Fisher and Paykel Healthcare NZ | 1.46% | 1.46% |
| F3 FNMA 30Yr Conventional 150534 0.00 TBA US | 1.05% | 1.05% |
 Microsoft Corporation US | 0.93% | 0.93% |
| BD Bank Deposit (USD BNP) US | 0.90% | 0.90% |
 Infratil Ltd NZ | 0.83% | 0.83% |
 Auckland International Airport NZ | 0.82% | 0.82% |
 Contact Energy Ltd NZ | 0.77% | 0.77% |
 Amazon Com Inc US | 0.72% | 0.72% |
"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.
What each fund says it does
ANZ Investments
ANZ Investments OneAnswer Balanced Growth Fund
The Balanced Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with some exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.The Balanced Growth Fund aims to achieve (after the fund charge and before tax) over the long-term moderate to high returns, allowing for moderate to large ups and downs in value.Full ANZ Investments ANZ Investments OneAnswer Balanced Growth Fund profile →
ANZ Investments
ANZ Investments OneAnswer Growth Fund
The Balanced Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with some exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.The Balanced Growth Fund aims to achieve (after the fund charge and before tax) over the long-term moderate to high returns, allowing for moderate to large ups and downs in value.Full ANZ Investments ANZ Investments OneAnswer Growth Fund profile →
Common questions
What's the difference between the ANZ Investments OneAnswer Balanced Growth Fund and the ANZ Investments OneAnswer Growth Fund?
Which fund has lower fees, ANZ Investments OneAnswer Balanced Growth Fund or ANZ Investments OneAnswer Growth Fund?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
