Fund-vs-fund · Diversified
ANZ Investments OneAnswer Growth FundvsBooster Socially Responsible Balanced Fund
ANZ Investments OneAnswer Growth Fund (fund size NZ$439.4 million, annual fund charge 0.98%) 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 12 September 2026 and 22 May 2026 respectively; 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 Growth Fund
Booster Socially Responsible Balanced Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Why these two differ
ANZ Investments OneAnswer Growth Fund and Booster Socially Responsible Balanced Fund are both diversified funds with a risk indicator of 4, but differ materially in asset allocation and cost structure.
The most significant structural difference is growth asset exposure. ANZ OneAnswer holds 78.09% in growth assets, whereas Booster SRI Balanced holds 53.72%, a gap of 24.37 percentage points. This reflects divergent positioning along the risk-return spectrum within the same risk category. ANZ's higher growth weighting has historically supported its stronger five-year return of 5.26% against Booster's 4.00% over the same period.
Fee levels also differ. ANZ OneAnswer charges 0.98% annually; Booster charges 1.33%, a difference of 0.35 percentage points. Over time, higher fees may erode returns, though past performance does not predict future results.
Fund size is comparable. ANZ OneAnswer manages NZD 439.4 million; Booster manages NZD 427.3 million. Both funds hold similar large-cap equity positions in Nvidia, Apple, and Fisher & Paykel Healthcare among their top five holdings.
Booster's fund explicitly integrates socially responsible investment criteria in its mandate; ANZ OneAnswer's PDS should be reviewed to clarify its approach to ESG or ethical considerations. Before making any decision, verify the current product disclosure statement and latest quarterly fund update for both funds on FMA Disclose, as these summaries are based on snapshots that may not reflect the most recent fund activity.
Comparison generated 2026-10-12 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
- ANZ Investments OneAnswer Growth Fund charges 0.35% lower in annual fund charges (0.98% 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
0.98%
Lower half of cohort
Booster
1.33%
Highest 20% of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
5.26%
Top 17% over 5 years
Booster
4.00%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$439m
Largest 20% in cohort
Booster
NZ$427m
Largest 21% in cohort
| Metric | ANZ Investments | Booster | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.98% | 1.33% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | 5.26% | 4.00% | Higher is better (past not future) |
| Fund size | NZ$439m | NZ$427m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 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
5
of each fund's top 10
ANZ Investments weight in shared
7.2%
of ANZ Investments OneAnswer Growth Fund top 10 is shared
Booster weight in shared
6.9%
of Booster Socially Responsible Balanced Fund top 10 is shared
| Holding | ANZ Investments | Booster |
|---|---|---|
 Nvidia CorporationUS | 2.03% | 1.95% |
 Apple IncUS | 1.90% | 1.67% |
 Infratil LtdNZ | 1.34% | 1.02% |
 Auckland International AirportNZ | 0.98% | 1.18% |
 Amazon Com IncUS | 0.97% | 1.12% |
"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 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 →
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 Growth Fund and the Booster Socially Responsible Balanced Fund?
Which fund has lower fees, ANZ Investments OneAnswer Growth 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?
