Fund-vs-fund · Diversified
Booster Shielded Growth FundvsHarbour 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.
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.
Booster Shielded Growth Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Harbour Growth Fund
What's different at a glance
- Harbour Growth Fund charges 0.41% lower in annual fund charges (1.00% vs 1.41%).
- 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
Booster
1.41%
Highest 10% of cohort
Harbour
1.00%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Booster
5.13%
Top 23% over 5 years
Harbour
—
—
Fund size
Larger = more stable, lower close-risk
Booster
NZ$15m
Lower half by size
Harbour
NZ$15m
Lower half by size
| Metric | Booster | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.41% | 1.00% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | 5.13% | — | Higher is better (past not future) |
| Fund size | NZ$15m | NZ$15m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 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
6
of each fund's top 10
Booster weight in shared
13.0%
of Booster Shielded Growth Fund top 10 is shared
Harbour weight in shared
12.3%
of Harbour Growth Fund top 10 is shared
| Holding | Booster | Harbour |
|---|---|---|
 NVIDIA CorpUS | 2.70% | 2.52% |
 Fisher & Paykel Healthcare Corporation LimitedNZ | 2.89% | 2.44% |
 Apple IncUS | 2.17% | 2.25% |
 Infratil LimitedNZ | 1.53% | 2.21% |
 Auckland International Airport LimitedNZ | 1.78% | 1.47% |
 Microsoft CorporationUS | 1.90% | 1.45% |
"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
Booster
Booster Shielded Growth Fund
The Shielded Growth Fund is suited to investors who seek potentially relatively high returns over longer term periods (seven years plus), allowing for short to medium term ups and downs, whilst partially shielding the fund against some of the more significant short-term risks. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets.Full Booster Booster Shielded Growth Fund profile →
Harbour
Harbour Growth Fund
The Fund is designed to provide investors with exposure to a wide range of domestic and global assets. The Fund invests approximately 80% in growth assets such as shares, property and infrastructure and approximately 20% into more defensive assets, predominantly investment grade bonds. The Manager will use active management to enhance returns and manage downside risks.Full Harbour Harbour Growth Fund profile →
Common questions
What's the difference between the Booster Shielded Growth Fund and the Harbour Growth Fund?
Which fund has lower fees, Booster Shielded Growth Fund or Harbour Growth Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
