Fund-vs-fund · Diversified
Booster Socially Responsible High Growth Fund vs NZ Funds Wealth Builder - Income Strategy
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
- NZ Funds Wealth Builder - Income Strategy charges 0.15% lower in annual fund charges (1.20% vs 1.35%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Booster Socially Responsible High Growth Fund applies responsible-investment / ESG screening. The other fund does not.
- Booster Socially Responsible High Growth Fund is roughly 42.9× the size of the other fund.
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
1.35%
Highest 15% of cohort
NZ Funds
1.20%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Booster
6.76%
Top 11% over 5 years
NZ Funds
0.79%
Bottom 4% over 5 years
Fund size
Larger = more stable, lower close-risk
Booster
NZ$873m
Largest 11% in cohort
NZ Funds
NZ$20m
Lower half by size
| Metric | Booster | NZ Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.35% | 1.20% | Lower is better |
| Risk indicator (1–7) | 5 | 4 | Higher = more volatility |
| 5-year return p.a. | 6.76% | 0.79% | Higher is better (past not future) |
| Fund size | NZ$873m | NZ$20m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 0% / 100% | 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
1
of each fund's top 10
Booster weight in shared
2.0%
of Booster Socially Responsible High Growth Fund top 10 is shared
NZ Funds weight in shared
4.0%
of NZ Funds Wealth Builder - Income Strategy top 10 is shared
| Holding | Booster | NZ Funds |
|---|---|---|
| NC NZ Cash (BNZ Bank Trust Account) NZ | 2.02% | 4.01% |
"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 High Growth Fund
The Socially Responsible High Growth Fund is suited to investors who seek potentially higher returns on average over long term periods (ten 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 predominantly in growth assets, with little or no allocation to income assets, and the application of our Responsible Investment Policy.Full Booster Booster Socially Responsible High Growth Fund profile →
NZ Funds
NZ Funds Wealth Builder - Income Strategy
The objective of the NZ Funds Wealth Builder - Income Strategy is to generate gains by investing in income assets and other authorised assets with active management. The fund is anticipated to own and trade New Zealand, Australian and international bonds over the minimum suggested timeframe.Full NZ Funds NZ Funds Wealth Builder - Income Strategy profile →
Common questions
What's the difference between the Booster Socially Responsible High Growth Fund and the NZ Funds Wealth Builder - Income Strategy?
Which fund has lower fees, Booster Socially Responsible High Growth Fund or NZ Funds Wealth Builder - Income Strategy?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
