Fund-vs-fund · Diversified
ANZ Investments OneAnswer High Growth Fund vs NZ Funds Wealth Builder - Growth Strategy
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 structural difference between these two funds is how they are constructed and priced. ANZ Investments OneAnswer High Growth Fund holds a diversified equity portfolio with recognisable direct shareholdings — Nvidia, Apple, Microsoft, Fisher and Paykel Healthcare, and Infratil — at modest individual weights, suggesting broad market exposure built through stock selection. NZ Funds Wealth Builder – Growth Strategy, by contrast, carries Goldman Sachs Futures (13.41%) and Goldman Sachs OTC Derivatives (6.01%) as its two largest disclosed positions, indicating meaningful use of derivatives as a core implementation tool rather than a peripheral hedge. This difference in construction is reflected in risk: the ANZ fund sits at risk indicator 5 of 7, while NZ Funds carries a risk indicator of 6 of 7 on the same scale.
Both funds allocate roughly 98% to growth assets (ANZ 98.37%, NZ Funds 98.31%), so strategic asset allocation is broadly equivalent. Fund size is similar — ANZ at NZD 67.1 million, NZ Funds at NZD 58.2 million. The fee gap is significant: ANZ discloses an annual fund charge of 0.95%, versus 2.14% for NZ Funds. On five-year returns, only NZ Funds discloses a figure in this snapshot (0.96% per annum); the ANZ fund's five-year return is not available in the data sourced here. Both funds are KiwiSaver scheme accounts under their respective schemes.
Verify all figures against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
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
- ANZ Investments OneAnswer High Growth Fund charges 1.19% lower in annual fund charges (0.95% vs 2.14%).
- 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
NZ Funds
2.14%
Highest 1% of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
—
—
NZ Funds
0.96%
Bottom 8% over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$67m
Upper half by size
NZ Funds
NZ$58m
Upper half by size
| Metric | ANZ Investments | NZ Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.95% | 2.14% | Lower is better |
| Risk indicator (1–7) | 5 | 6 | Higher = more volatility |
| 5-year return p.a. | — | 0.96% | Higher is better (past not future) |
| Fund size | NZ$67m | NZ$58m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 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 | 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.
What each fund says it does
ANZ Investments
ANZ Investments OneAnswer High Growth Fund
The High Growth Fund invests in growth assets (equities, listed property and listed infrastructure), with a very small exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets. The High Growth Fund aims to achieve (after the fund charge and before tax) over the long term higher returns, allowing for larger ups and downs in value.Full ANZ Investments ANZ Investments OneAnswer High Growth Fund profile →
NZ Funds
NZ Funds Wealth Builder - Growth Strategy
The objective of the NZ Funds Wealth Builder - Growth Strategy is to grow your investment over the long term by investing in growth assets and other authorised assets with active management. The fund is anticipated to mainly own and trade New Zealand, Australian and international shares and/or hedge funds over the minimum suggested timeframe.Full NZ Funds NZ Funds Wealth Builder - Growth Strategy profile →
Common questions
What's the difference between the ANZ Investments OneAnswer High Growth Fund and the NZ Funds Wealth Builder - Growth Strategy?
Which fund has lower fees, ANZ Investments OneAnswer High Growth Fund or NZ Funds Wealth Builder - Growth Strategy?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
