Fund-vs-fund · Diversified
Booster Socially Responsible Growth Fund vs Simplicity Conservative Investment 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 Simplicity Conservative Investment Fund holds 23.37% in growth assets, classifying it as a conservative portfolio, while the Booster Socially Responsible Growth Fund holds 77.76% in growth assets, positioning it firmly at the higher-risk, higher-growth end of the diversified spectrum. This divergence is reflected in their risk indicators — Simplicity Conservative sits at 3 out of 7, Booster Socially Responsible Growth at 4 out of 7.
The fee gap is equally significant. Simplicity charges an annual fund charge of 0.25%, compared with Booster's 1.34% — a difference of 1.09 percentage points that compounds materially over time. Simplicity's five-year return stands at 1.78% per annum, consistent with its conservative positioning; Booster's five-year return figure is not available in our current snapshot, so direct long-run performance comparison is not possible here.
Fund size differs modestly: Simplicity Conservative holds approximately NZD 168.8 million in assets versus Booster's NZD 123.5 million. Their top holdings reveal contrasting exposures — Simplicity's largest positions are cash and NZ bank floating-rate notes, while Booster's are global equities including NVIDIA, Apple, and Microsoft, alongside Fisher & Paykel Healthcare, consistent with its socially responsible growth mandate. Notably, Booster's PDS is associated with a KiwiSaver scheme account structure, while Simplicity operates as a standalone investment fund.
Always verify current fees, returns, and portfolio composition against each fund's product disclosure statement and latest quarterly fund update on FMA Disclose before relying on any figures here.
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
- Simplicity Conservative Investment Fund charges 1.09% lower in annual fund charges (0.25% vs 1.34%).
- 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
Simplicity
0.25%
Lowest 6% of cohort
5-year return p.a.
Past performance — not a predictor
Booster
—
—
Simplicity
1.78%
Bottom 20% over 5 years
Fund size
Larger = more stable, lower close-risk
Booster
NZ$123m
Upper half by size
Simplicity
NZ$169m
Upper half by size
| Metric | Booster | Simplicity | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.34% | 0.25% | Lower is better |
| Risk indicator (1–7) | 4 | 3 | Higher = more volatility |
| 5-year return p.a. | — | 1.78% | Higher is better (past not future) |
| Fund size | NZ$123m | NZ$169m | 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.
Matching holdings
2
of each fund's top 10
Booster weight in shared
5.6%
of Booster Socially Responsible Growth Fund top 10 is shared
Simplicity weight in shared
11.4%
of Simplicity Conservative Investment Fund top 10 is shared
| Holding | Booster | Simplicity |
|---|---|---|
| NC NZ Cash (BNZ Bank Trust Account) NZ | 3.00% | 10.45% |
 NVIDIA Corp US | 2.62% | 0.91% |
"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 →
Simplicity
Simplicity Conservative Investment Fund
The Conservative Fund provides investors with a limited exposure to growth assets, but most of its investments are in income assets.Full Simplicity Simplicity Conservative Investment Fund profile →
Common questions
What's the difference between the Booster Socially Responsible Growth Fund and the Simplicity Conservative Investment Fund?
Which fund has lower fees, Booster Socially Responsible Growth Fund or Simplicity Conservative 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?
