Fund-vs-fund · Diversified
Booster Wealth High Growth Fund vs Booster Wealth Moderate 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 growth asset allocation. The Booster Wealth Moderate Fund holds 53.2% in growth assets, while the Booster Wealth High Growth Fund holds 98.31% — a gap of over 45 percentage points that shapes virtually every other characteristic comparison. This difference is directly reflected in their risk indicators: the Moderate Fund sits at 4 on the standard 1–7 scale, while the High Growth Fund sits at 5, indicating a meaningfully higher expected volatility profile.
Both funds are managed by Booster under the same Booster Investment Scheme and share a Product Disclosure Statement dated 22 January 2026. Their annual fund charges differ: the Moderate Fund discloses 0.74%, compared to 0.96% for the High Growth Fund. The High Growth Fund is also larger by fund size, at approximately NZD 3.72 million versus NZD 2.84 million for the Moderate Fund. Five-year return data is not available for either fund in this snapshot.
The portfolio compositions reflect the allocation split. The Moderate Fund's disclosed top holdings are weighted toward NZ cash, government bonds, and a single equity position in Fisher & Paykel Healthcare. The High Growth Fund's top holdings are equity-dominant, featuring Fisher & Paykel Healthcare, NVIDIA, Apple, Microsoft, and Auckland International Airport — with no fixed income or cash positions in its top five. Neither fund is identified as a KiwiSaver scheme account product in this data.
Verify all figures against the source PDS and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
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
- 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 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
0.96%
Lower half of cohort
Booster
0.74%
Lowest 23% 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 8% in cohort
Booster
NZ$3m
Smallest 5% 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. |
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
3
of each fund's top 10
Booster weight in shared
8.6%
of Booster Wealth High Growth Fund top 10 is shared
Booster weight in shared
8.6%
of Booster Wealth Moderate Fund top 10 is shared
| Holding | Booster | Booster |
|---|---|---|
| NC NZ Cash (BNZ Bank Trust Account) NZ | 2.06% | 5.98% |
 Fisher & Paykel Healthcare Corporation Limited NZ | 3.43% | 1.57% |
 NVIDIA Corp US | 3.07% | 1.06% |
"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 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?
