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 Fisher Funds Conservative Fund holds 22.72% in growth assets, positioning it firmly at the defensive end of the diversified spectrum, while the Booster Socially Responsible Growth Fund allocates 77.76% to growth assets — more than three times as much. This divergence is directly reflected in their risk indicators: the Conservative Fund sits at 3 on the 1–7 FMA scale, compared to the Booster fund's 4, meaning investors in the latter are accepting a wider range of potential short-term outcomes in pursuit of higher long-term growth.
The portfolio compositions reinforce this contrast. Fisher Funds' largest disclosed holdings are dominated by NZ Government bonds and a cash account, with fixed income providing the bulk of the defensive weight. Booster's top holdings are equity-oriented — NVIDIA, Apple, Microsoft, and Fisher & Paykel Healthcare — consistent with its growth mandate and its socially responsible investment screen, which shapes what equities are eligible.
Annual fund charges are near-identical: Fisher Funds discloses 1.35% and Booster 1.34%. Fund sizes are similarly close, at approximately NZ$118.9 million and NZ$123.5 million respectively. Fisher Funds reports a five-year annualised return of 2.01%; Booster's five-year return figure is not available in this snapshot, so a direct long-run performance comparison cannot be made. Both funds are similar in total size but serve materially different investor risk profiles.
Verify all figures against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
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 | InvestNow · 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
- Other Material Information165 kB · file fingerprint recorded
- Product Disclosure Statement246 kB · file fingerprint recorded
- Product Disclosure Statement143 kB · file fingerprint recorded
- Product Disclosure Statement666 kB · file fingerprint recorded
- Product Disclosure Statement595 kB · file fingerprint recorded
- Quarterly Fund Update62 kB · file fingerprint recorded
- + 2 more on the fund page
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?
