Fund-vs-fund · Diversified
Booster Wealth High Growth FundvsBooster Wealth Moderate Fund
Booster Wealth High Growth Fund (fund size NZ$3.7 million, annual fund charge 0.96%) and Booster Wealth Moderate Fund (fund size NZ$2.8 million, annual fund charge 0.74%) 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 5.31% and 2.70%, per their quarterly fund updates filed on FMA Disclose.
How much do these two overlap?
They hold 477 of the same securities. If you held both, roughly 42.3% of your money would be in the same companies — so the diversification you get from holding the pair is smaller than holding two funds suggests.
| Shared holding | Booster Wealth | Booster Wealth | Min weight |
|---|---|---|---|
| nz cash bnz bank trust account | 2.06% | 5.98% | 2.06% |
| Fisher & Paykel Healthcare | 3.43% | 1.57% | 1.57% |
| Nvidia | 3.07% | 1.06% | 1.06% |
| Auckland International Airport | 2.13% | 0.97% | 0.97% |
| Alphabet | 2.66% | 0.92% | 0.92% |
| Apple | 2.62% | 0.91% | 0.91% |
| Infratil | 1.85% | 0.84% | 0.84% |
| Microsoft | 2.14% | 0.74% | 0.74% |
| Meridian Energy | 1.52% | 0.70% | 0.70% |
| a2 Milk | 1.40% | 0.64% | 0.64% |
Min weight is the smaller of the two weightings — if you hold both funds, that is the floor of your exposure to that position. Direct holdings only: anything either fund holds through an underlying fund or ETF is not counted, so the real overlap can only be higher. From each fund's FMA Disclose full portfolio filing.
What's different at a glance
- Booster Wealth Moderate Fund charges 0.22% lower in annual fund charges (0.74% vs 0.96%).
- 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
0.96%
Lower half of cohort
Booster
0.74%
Lowest 21% of cohort
5-year return p.a.
Past performance — not a predictor
Booster
—
—
Booster
—
—
Fund size
Larger = more stable, lower close-risk
Booster
NZ$4m
Smallest 11% in cohort
Booster
NZ$3m
Smallest 8% in cohort
| Metric | Booster | Booster | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.96% | 0.74% | Lower is better |
| Risk indicator (1–7) | 5 | 4 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$4m | NZ$3m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 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. |
What each fund says it does
Booster
Booster Wealth High Growth Fund
The Wealth 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 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 Approach to Responsible Investing policy.Full Booster Booster Wealth High Growth Fund profile →
Booster
Booster Wealth Moderate Fund
The Wealth Moderate Fund is suited to investors who seek moderate returns on average over medium term periods (three years plus), allowing for some shorter-term ups and downs, whilst excluding investments which do not satisfy certain responsible investment criteria. We aim to achieve this by investing mainly in income assets, while including a moderate allocation of growth assets, and the application of our Approach to Responsible Investing policy.Full Booster Booster Wealth Moderate Fund profile →
Common questions
What's the difference between the Booster Wealth High Growth Fund and the Booster Wealth Moderate Fund?
Which fund has lower fees, Booster Wealth High Growth Fund or Booster Wealth Moderate Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
