Fund-vs-fund · Diversified
Booster Socially Responsible Growth Fund vs Generate Focused Growth Managed 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.
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
Generate
1.35%
Highest 15% of cohort
5-year return p.a.
Past performance — not a predictor
Booster
—
—
Generate
6.34%
Top 13% over 5 years
Fund size
Larger = more stable, lower close-risk
Booster
NZ$123m
Upper half by size
Generate
NZ$118m
Upper half by size
| Metric | Booster | Generate | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.34% | 1.35% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | Higher = more volatility |
| 5-year return p.a. | — | 6.34% | Higher is better (past not future) |
| Fund size | NZ$123m | NZ$118m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 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 | 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.
Matching holdings
7
of each fund's top 10
Booster weight in shared
15.1%
of Booster Socially Responsible Growth Fund top 10 is shared
Generate weight in shared
25.8%
of Generate Focused Growth Managed Fund top 10 is shared
| Holding | Booster | Generate |
|---|---|---|
 NVIDIA Corp US | 2.62% | 5.95% |
 Fisher & Paykel Healthcare Corporation Limited NZ | 2.53% | 3.21% |
 Apple Inc US | 2.24% | 2.56% |
| NC NZ Cash (BNZ Bank Trust Account) NZ | 3.00% | 2.10% |
 Microsoft Corporation US | 1.83% | 4.54% |
 Amazon.Com Inc US | 1.50% | 4.11% |
 Infratil Limited NZ | 1.36% | 3.33% |
"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 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 →
Generate
Generate Focused Growth Managed Fund
The Focused Growth Managed Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio made up predominantly of growth assets with a minor allocation of income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times.Full Generate Generate Focused Growth Managed Fund profile →
Common questions
What's the difference between the Booster Socially Responsible Growth Fund and the Generate Focused Growth Managed Fund?
Which fund has lower fees, Booster Socially Responsible Growth Fund or Generate Focused Growth Managed 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?
