Fund-vs-fund · Diversified

Booster Wealth Geared Growth FundvsSBS Wealth Conservative Strategy

Booster Wealth Geared Growth Fund (fund size NZ$2.7 million, annual fund charge 1.35%) and SBS Wealth Conservative Strategy (fund size NZ$1.5 million, annual fund charge 0.90%) are both diversified managed funds, as shown on Sorted Smart Investor on 22 May 2026; for the year to 31 March 2026 their 1-year returns after fees and tax were 9.01% and 4.10%, per their quarterly fund updates filed on FMA Disclose.

Booster

Booster Wealth Geared Growth Fund

PIE · capped at PIR (max 28%)aggressive

SBS Wealth

SBS Wealth Conservative Strategy

PIE · capped at PIR (max 28%)conservative

What's different at a glance

SBS Wealth Conservative Strategy charges 0.45% lower in annual fund charges (0.90% vs 1.35%).
Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where each fund sits in its cohort

Percentile rank vs all 68 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

SBS Wealth

0.90%

Lower half of cohort

5-year return p.a.

Past performance — not a predictor

Booster

—

SBS Wealth

—

Fund size

Larger = more stable, lower close-risk

Booster

NZ$3m

Smallest 7% in cohort

SBS Wealth

NZ$2m

Smallest 1% in cohort

Metric	Booster	SBS Wealth	Lower / higher is
Annual fund charge	1.35%	0.90%	Lower is better
Risk indicator (1–7)	5	3	Higher = more volatility
5-year return p.a.	—	—	Higher is better (past not future)
Fund size	NZ$3m	NZ$2m	Larger = more stable, lower close-risk
Growth / income split	98% / 2%	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	No	No	Specific exclusions live in each fund's SIPO.
Available via	Direct	Direct	Platforms accepting retail subscriptions.

Sources:Booster on Sorted SBS Wealth on Sorted

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

of each fund's top 10

Booster weight in shared

2.4%

of Booster Wealth Geared Growth Fund top 10 is shared

SBS Wealth weight in shared

4.3%

of SBS Wealth Conservative Strategy top 10 is shared

Holding	Booster	SBS Wealth	Min weight
NCNZ Cash (BNZ Bank Trust Account)NZ	2.38%	4.29%	2.38%

"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 Wealth Geared Growth Fund

The Wealth Geared Growth Fund is suited to investors who seek higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs, whilst excluding investments which do not satisfy certain responsible investment criteria. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, the use of leverage to provide increased exposure, and the application of our Approach to Responsible Investing p

Full Booster Booster Wealth Geared Growth Fund profile →

SBS Wealth

SBS Wealth Conservative Strategy

The Strategy aims to achieve low to medium capital growth and returns over the medium term, with an emphasis on stable returns. The Strategy invests into the following SBS Wealth funds: 22% into the World Equity Portfolio; 8% into the Australasian Equity Portfolio; 45% into the World Bond Portfolio; and 25% into the New Zealand Bond Portfolio.

Full SBS Wealth SBS Wealth Conservative Strategy profile →

Common questions

What's the difference between the Booster Wealth Geared Growth Fund and the SBS Wealth Conservative Strategy?

Both are diversified funds available to NZ retail investors. SBS Wealth Conservative Strategy charges 0.45% lower in annual fund charges (0.90% vs 1.35%).

Which fund has lower fees, Booster Wealth Geared Growth Fund or SBS Wealth Conservative Strategy?

SBS Wealth Conservative Strategy has the lower annual fund charge (0.90% p.a. vs 1.35% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.

Are both funds PIE-taxed in NZ?

Yes. Both are NZ Portfolio Investment Entities (PIEs). Investor tax on the fund's income is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where can I read the official documents for these funds?

Both funds publish their Product Disclosure Statement (PDS), Statement of Investment Policy (SIPO) and Quarterly Fund Update (QFU) on the FMA Disclose register at disclose-register.companiesoffice.govt.nz. Always read the current PDS before investing.

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Important: This comparison is general information only — not personalised financial advice. Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.