Fund-vs-fund · Diversified
ANZ Investments OneAnswer Conservative Balanced FundvsANZ Investments OneAnswer Growth Fund
ANZ Investments OneAnswer Conservative Balanced Fund (fund size NZ$529.2 million, annual fund charge 0.75%) and ANZ Investments OneAnswer Growth Fund (fund size NZ$439.4 million, annual fund charge 0.98%) are both diversified managed funds, as shown on Sorted Smart Investor on 22 May 2026 and 12 September 2026 respectively.
Where you can buy these
Platform availability confirmed within the last 180 days. This is a statement of availability, not a recommendation — ManagedFundsNZ is not a Financial Advice Provider. Check the current PDS before investing.
ANZ Investments OneAnswer Conservative Balanced Fund
ANZ Investments OneAnswer Growth Fund
What's different at a glance
- ANZ Investments OneAnswer Conservative Balanced Fund charges 0.23% lower in annual fund charges (0.75% vs 0.98%).
- 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 68 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
0.75%
Lowest 23% of cohort
ANZ Investments
0.98%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
2.24%
Bottom 24% over 5 years
ANZ Investments
5.26%
Top 17% over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$529m
Largest 17% in cohort
ANZ Investments
NZ$439m
Largest 20% in cohort
| Metric | ANZ Investments | ANZ Investments | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.75% | 0.98% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | 2.24% | 5.26% | Higher is better (past not future) |
| Fund size | NZ$529m | NZ$439m | Larger = more stable, lower close-risk |
| Growth / income split | 23% / 77% | 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
3
of each fund's top 10
ANZ Investments weight in shared
2.6%
of ANZ Investments OneAnswer Conservative Balanced Fund top 10 is shared
ANZ Investments weight in shared
5.8%
of ANZ Investments OneAnswer Growth Fund top 10 is shared
| Holding | ANZ Investments | ANZ Investments |
|---|---|---|
 Nvidia CorporationUS | 0.94% | 2.03% |
FAFisher and Paykel HealthcareNZ | 0.87% | 1.86% |
 Apple IncUS | 0.84% | 1.90% |
"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 Conservative Balanced Fund
The Conservative Balanced Fund invests mainly in income assets (cash and cash equivalents and fixed interest), with some exposure to growth assets (equities, listed property and listed infrastructure). The fund may also invest in alternative assets.The Conservative Balanced Fund aims to achieve (after the fund charge and before tax) over the long term low to moderate returns, allowing for small to moderate ups and downs in value.Full ANZ Investments ANZ Investments OneAnswer Conservative Balanced Fund profile →
ANZ Investments
ANZ Investments OneAnswer Growth Fund
The Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with a small exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.The Growth Fund aims to achieve (after the fund charge and before tax) over the long term high returns, allowing for 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 Conservative Balanced Fund and the ANZ Investments OneAnswer Growth Fund?
Which fund has lower fees, ANZ Investments OneAnswer Conservative Balanced 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?
