Fund-vs-fund · Diversified
Booster Socially Responsible Growth Fund vs Fisher Funds Conservative 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.
Why these two differ
The most material structural difference between these two funds is their asset allocation. The Booster Socially Responsible Growth Fund holds 77.76% in growth assets, placing it firmly at the higher-risk, higher-return-potential end of the diversified spectrum. The Fisher Funds Conservative Fund, by contrast, holds just 23.37% in growth assets, with the remainder in income assets — a fundamentally different risk-return profile reflected in their respective risk indicators: 4 (Booster) versus 3 (Fisher Funds) on the standard 1–7 scale.
This divergence is visible in the top holdings. Booster's largest disclosed positions include NVIDIA Corp (2.62%), Fisher & Paykel Healthcare (2.53%), and Apple Inc (2.24%), consistent with a growth-equity tilt. Fisher Funds' top holdings are dominated by NZ Government bonds across multiple maturities and a cash account (ANZ, 6.27%), consistent with a capital-preservation orientation.
Annual fund charges are nearly identical — Booster at 1.34% and Fisher Funds at 1.35% — making fees immaterial to the comparison. Fund sizes are similarly close: NZD 123.5 million (Booster) versus NZD 116.2 million (Fisher Funds).
On five-year returns, the data is asymmetric: Fisher Funds discloses a five-year return of 1.67% per annum; Booster's five-year return figure is not available in this snapshot and cannot be compared. Both funds are offered as managed fund options, not solely as KiwiSaver scheme accounts, though Booster's PDS is linked to its KiwiSaver scheme.
Verify all figures against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on this comparison.
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
- Annual fund charges are within 0.05% of each other (1.34% vs 1.35%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Booster Socially Responsible Growth Fund applies responsible-investment / ESG screening. The other fund does not.
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
Booster
1.34%
Highest 19% of cohort
Fisher Funds
1.35%
Highest 15% of cohort
5-year return p.a.
Past performance — not a predictor
Booster
—
—
Fisher Funds
1.67%
Bottom 18% over 5 years
Fund size
Larger = more stable, lower close-risk
Booster
NZ$123m
Upper half by size
Fisher Funds
NZ$116m
Upper half by size
| Metric | Booster | Fisher Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.34% | 1.35% | Lower is better |
| Risk indicator (1–7) | 4 | 3 | Higher = more volatility |
| 5-year return p.a. | — | 1.67% | Higher is better (past not future) |
| Fund size | NZ$123m | NZ$116m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 23% / 77% | 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.
What each fund says it does
Booster
Booster Socially Responsible Growth Fund
The Socially Responsible Growth Fund is suited to investors who seek potentially relatively high returns on average over longer term periods (seven years plus), allowing for short to medium term ups and downs, whilst excluding investments which do not satisfy certain socially responsible investment criteria. We aim to achieve this by investing primarily in growth assets, with a moderate allocation of income assets, and the application of our Responsible Investment Policy.Full Booster Booster Socially Responsible Growth Fund profile →
Fisher Funds
Fisher Funds Conservative Fund
The fund aims to provide stable returns over the long term by investing in mainly income assets with a modest allocation to growth assetsFull Fisher Funds Fisher Funds Conservative Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Booster
Fisher Funds
LiveLast verified 2026-05-08
Common questions
What's the difference between the Booster Socially Responsible Growth Fund and the Fisher Funds Conservative Fund?
Which fund has lower fees, Booster Socially Responsible Growth Fund or Fisher Funds Conservative 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?
