Fund-vs-fund · Diversified
ANZ Investments OneAnswer Balanced Fund vs Booster Socially Responsible High 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.
What's different at a glance
- ANZ Investments OneAnswer Balanced Fund charges 0.45% lower in annual fund charges (0.90% vs 1.35%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Booster Socially Responsible High Growth Fund applies responsible-investment / ESG screening. The other fund does not.
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
0.90%
Lower half of cohort
Booster
1.35%
Highest 15% of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
2.96%
Lower half over 5 years
Booster
6.76%
Top 11% over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$927m
Largest 10% in cohort
Booster
NZ$873m
Largest 11% in cohort
| Metric | ANZ Investments | Booster | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.90% | 1.35% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | Higher = more volatility |
| 5-year return p.a. | 2.96% | 6.76% | Higher is better (past not future) |
| Fund size | NZ$927m | NZ$873m | Larger = more stable, lower close-risk |
| Growth / income split | 53% / 47% | 98% / 2% | 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 | Yes | Specific exclusions live in each fund's SIPO. |
| Available via | InvestNow · 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
4
of each fund's top 10
ANZ Investments weight in shared
3.8%
of ANZ Investments OneAnswer Balanced Fund top 10 is shared
Booster weight in shared
10.3%
of Booster Socially Responsible High Growth Fund top 10 is shared
| Holding | ANZ Investments | Booster |
|---|---|---|
 Nvidia Corporation US | 1.28% | 3.36% |
 Apple Inc US | 1.14% | 2.87% |
 Microsoft Corporation US | 0.72% | 2.34% |
 Infratil Ltd NZ | 0.62% | 1.74% |
"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 Fund
The Balanced Fund invests in similar amounts of income assets (cash and cash equivalents and fixed interest) and growth assets (equities, listed property and listed infrastructure). The fund may also invest in alternative assets.The Balanced Fund aims to achieve (after the fund charge and before tax) over the long term moderate returns, allowing for moderate ups and downs in value.Full ANZ Investments ANZ Investments OneAnswer Balanced Fund profile →
Booster
Booster Socially Responsible High Growth Fund
The Socially Responsible High Growth Fund is suited to investors who seek potentially higher returns on average over long term periods (ten years plus), allowing for short to medium term ups and downs, whilst excluding investments which do not satisfy certain socially responsible investment criteria. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, and the application of our Responsible Investment Policy.Full Booster Booster Socially Responsible High Growth Fund profile →
Common questions
What's the difference between the ANZ Investments OneAnswer Balanced Fund and the Booster Socially Responsible High Growth Fund?
Which fund has lower fees, ANZ Investments OneAnswer Balanced Fund or Booster Socially Responsible High Growth Fund?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
