Fund-vs-fund · Diversified
ANZ Investments OneAnswer Conservative Balanced FundvsBooster Socially Responsible Balanced Fund
ANZ Investments OneAnswer Conservative Balanced Fund (fund size NZ$529.2 million, annual fund charge 0.75%) and Booster Socially Responsible Balanced Fund (fund size NZ$427.3 million, annual fund charge 1.33%) are both diversified managed funds, as shown on Sorted Smart Investor on 22 May 2026; Booster Socially Responsible Balanced Fund's 1-year return after fees and tax was 3.59% for the year to 31 March 2026, per its quarterly fund update filed on FMA Disclose.
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
Booster Socially Responsible Balanced Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
What's different at a glance
- ANZ Investments OneAnswer Conservative Balanced Fund charges 0.58% lower in annual fund charges (0.75% vs 1.33%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Booster Socially Responsible Balanced Fund applies responsible-investment / ESG screening. The other fund does not.
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
Booster
1.33%
Highest 20% of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
2.24%
Bottom 24% over 5 years
Booster
4.00%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$529m
Largest 17% in cohort
Booster
NZ$427m
Largest 21% in cohort
| Metric | ANZ Investments | Booster | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.75% | 1.33% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | 2.24% | 4.00% | Higher is better (past not future) |
| Fund size | NZ$529m | NZ$427m | Larger = more stable, lower close-risk |
| Growth / income split | 23% / 77% | 54% / 46% | 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 | 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
2
of each fund's top 10
ANZ Investments weight in shared
1.8%
of ANZ Investments OneAnswer Conservative Balanced Fund top 10 is shared
Booster weight in shared
3.6%
of Booster Socially Responsible Balanced Fund top 10 is shared
| Holding | ANZ Investments | Booster |
|---|---|---|
 Nvidia CorporationUS | 0.94% | 1.95% |
 Apple IncUS | 0.84% | 1.67% |
"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 →
Booster
Booster Socially Responsible Balanced Fund
The Socially Responsible Balanced Fund is suited to investors who seek a medium level of returns on average over medium term periods (five years plus), allowing for shorter-term ups and downs, whilst excluding investments which do not satisfy certain socially responsible investment criteria. We aim to achieve this by investing in a mix of income and growth assets, and the application of our Responsible Investment Policy.Full Booster Booster Socially Responsible Balanced Fund profile →
Common questions
What's the difference between the ANZ Investments OneAnswer Conservative Balanced Fund and the Booster Socially Responsible Balanced Fund?
Which fund has lower fees, ANZ Investments OneAnswer Conservative Balanced Fund or Booster Socially Responsible Balanced 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?
