Fund-vs-fund · Diversified
Booster Socially Responsible Balanced FundvsQuayStreet 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.
How much do these two overlap?
They hold 6 of the same securities. If you held both, roughly 1.0% of your money would be in the same companies — so the diversification you get from holding the pair is smaller than holding two funds suggests.
| Shared holding | Booster Socially | QuayStreet Income | Min weight |
|---|---|---|---|
| Spark New Zealand | 0.36% | 0.62% | 0.36% |
| Telstra Corp | 0.21% | 0.44% | 0.21% |
| Freightways | 0.20% | 0.20% | 0.20% |
| Kiwi Property Group | 0.17% | 0.92% | 0.17% |
| GPT | 0.04% | 0.55% | 0.04% |
| Investore Property | 0.04% | 0.91% | 0.04% |
Min weight is the smaller of the two weightings — if you hold both funds, that is the floor of your exposure to that position. Direct holdings only: anything either fund holds through an underlying fund or ETF is not counted, so the real overlap can only be higher. From each fund's FMA Disclose full portfolio filing.
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.
QuayStreet Income Fund
What's different at a glance
- QuayStreet Income Fund charges 0.56% lower in annual fund charges (0.77% 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
QuayStreet
0.77%
Lowest 24% of cohort
5-year return p.a.
Past performance — not a predictor
Booster
4.00%
Upper half over 5 years
QuayStreet
2.90%
Lower half over 5 years
Fund size
Larger = more stable, lower close-risk
Booster
NZ$427m
Largest 24% in cohort
QuayStreet
NZ$329m
Upper half by size
| Metric | Booster | QuayStreet | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.33% | 0.77% | Lower is better |
| Risk indicator (1–7) | 4 | 3 | Higher = more volatility |
| 5-year return p.a. | 4.00% | 2.90% | Higher is better (past not future) |
| Fund size | NZ$427m | NZ$329m | Larger = more stable, lower close-risk |
| Growth / income split | 54% / 46% | 0% / 100% | 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. |
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 →
QuayStreet
QuayStreet Income Fund
The QuayStreet Income Fund will invest in a diversified portfolio with an emphasis on income producing assets such as New Zealand and International fixed interest investments and derivatives. The fund may include an allocation to growth assets. The investment objective is to provide a level of return above the fund’s benchmark over the long term. The fund aims to make quarterly distributions.Full QuayStreet QuayStreet Income Fund profile →
Common questions
What's the difference between the Booster Socially Responsible Balanced Fund and the QuayStreet Income Fund?
Which fund has lower fees, Booster Socially Responsible Balanced Fund or QuayStreet 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?
