Fund-vs-fund · Diversified
Booster Socially Responsible Balanced FundvsHarbour Income 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 Socially Responsible Balanced Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Harbour Income Fund
What's different at a glance
- Harbour Income Fund charges 0.67% lower in annual fund charges (0.66% 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
Booster
1.33%
Highest 20% of cohort
Harbour
0.66%
Lowest 20% of cohort
5-year return p.a.
Past performance — not a predictor
Booster
4.00%
Upper half over 5 years
Harbour
3.18%
Lower half over 5 years
Fund size
Larger = more stable, lower close-risk
Booster
NZ$427m
Largest 24% in cohort
Harbour
NZ$294m
Upper half by size
| Metric | Booster | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.33% | 0.66% | Lower is better |
| Risk indicator (1–7) | 4 | 3 | Higher = more volatility |
| 5-year return p.a. | 4.00% | 3.18% | Higher is better (past not future) |
| Fund size | NZ$427m | NZ$294m | Larger = more stable, lower close-risk |
| Growth / income split | 54% / 46% | 53% / 47% | 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 | Yes | 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
2
of each fund's top 10
Booster weight in shared
4.4%
of Booster Socially Responsible Balanced Fund top 10 is shared
Harbour weight in shared
6.4%
of Harbour Income Fund top 10 is shared
| Holding | Booster | Harbour |
|---|---|---|
NCNZ Cash (BNZ Bank Trust Account)NZ | 3.41% | 3.60% |
 Infratil LimitedNZ | 1.02% | 2.83% |
"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 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 →
Harbour
Harbour Income Fund
The Fund is designed to provide a favourable level of income for investors seeking income with scope for capital appreciation and/or with a low tolerance for large declines in investment values. The Fund invests predominantly in New Zealand investment grade fixed interest securities and Australasian equities which pay a sustainable dividend yield. Other tools, such as active management and scope to invest in sub investment grade securities may also be used to enhance returns.Full Harbour Harbour Income Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Booster
Harbour
LiveLast verified 2026-05-08
Common questions
What's the difference between the Booster Socially Responsible Balanced Fund and the Harbour Income Fund?
Which fund has lower fees, Booster Socially Responsible Balanced Fund or Harbour Income 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?
