Fund-vs-fund · Diversified
Booster Wealth Growth Fund vs Lifetime Balanced 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
- Booster Wealth Growth Fund charges 0.08% lower in annual fund charges (0.91% vs 0.99%).
- 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 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
0.91%
Lower half of cohort
Lifetime
0.99%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
Booster
—
—
Lifetime
—
—
Fund size
Larger = more stable, lower close-risk
Booster
NZ$7m
Smallest 13% in cohort
Lifetime
NZ$10m
Smallest 17% in cohort
| Metric | Booster | Lifetime | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.91% | 0.99% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$7m | NZ$10m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 53% / 47% | 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. |
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
3.6%
of Booster Wealth Growth Fund top 10 is shared
Lifetime weight in shared
6.8%
of Lifetime Balanced Fund top 10 is shared
| Holding | Booster | Lifetime |
|---|---|---|
| NC NZ Cash (BNZ Bank Trust Account) NZ | 3.63% | 6.77% |
"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 Growth Fund
The Wealth 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 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 Approach to Responsible Investing policy.Full Booster Booster Wealth Growth Fund profile →
Lifetime
Lifetime Balanced Fund
Invests primarily in growth assets with a moderate exposure to income assets. Expected to experience medium to high volatility.Full Lifetime Lifetime Balanced Fund profile →
Common questions
What's the difference between the Booster Wealth Growth Fund and the Lifetime Balanced Fund?
Which fund has lower fees, Booster Wealth Growth Fund or Lifetime Balanced Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
