Fund-vs-fund · Diversified
Booster Socially Responsible Balanced FundvsSimplicity High Growth Investment Fund
Booster Socially Responsible Balanced Fund (fund size NZ$427.3 million, annual fund charge 1.33%) and Simplicity High Growth Investment Fund (fund size NZ$509.5 million, annual fund charge 0.25%) are both diversified managed funds, as shown on Sorted Smart Investor on 22 May 2026; for the year to 31 March 2026 their 1-year returns after fees and tax were 3.59% and 11.63%, per their quarterly fund updates filed on FMA Disclose.
How much do these two overlap?
They hold 241 of the same securities. If you held both, roughly 38.0% 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 | Simplicity High | Min weight |
|---|---|---|---|
| Nvidia | 1.95% | 4.72% | 1.95% |
| Fisher & Paykel Healthcare | 1.90% | 3.16% | 1.90% |
| Alphabet | 1.69% | 3.46% | 1.69% |
| Apple | 1.67% | 4.24% | 1.67% |
| Microsoft | 1.36% | 3.18% | 1.36% |
| Auckland International Airport | 1.18% | 1.86% | 1.18% |
| Amazon.com | 1.12% | 2.33% | 1.12% |
| Infratil | 1.02% | 1.74% | 1.02% |
| Meridian Energy | 0.84% | 1.12% | 0.84% |
| a2 Milk | 0.78% | 1.28% | 0.78% |
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.
What's different at a glance
- Simplicity High Growth Investment Fund charges 1.08% lower in annual fund charges (0.25% 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
Simplicity
0.25%
Lowest 6% of cohort
5-year return p.a.
Past performance — not a predictor
Booster
4.00%
Upper half over 5 years
Simplicity
—
—
Fund size
Larger = more stable, lower close-risk
Booster
NZ$427m
Largest 21% in cohort
Simplicity
NZ$509m
Largest 18% in cohort
| Metric | Booster | Simplicity | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.33% | 0.25% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | Higher = more volatility |
| 5-year return p.a. | 4.00% | — | Higher is better (past not future) |
| Fund size | NZ$427m | NZ$509m | Larger = more stable, lower close-risk |
| Growth / income split | 54% / 46% | 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 | 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 →
Simplicity
Simplicity High Growth Investment Fund
The High Growth Investment Fund provides investors with exposure to mostly growth assets (shares & property). There is a very limited exposure to income assets (cash).Full Simplicity Simplicity High Growth Investment Fund profile →
Common questions
What's the difference between the Booster Socially Responsible Balanced Fund and the Simplicity High Growth Investment Fund?
Which fund has lower fees, Booster Socially Responsible Balanced Fund or Simplicity High Growth Investment Fund?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
