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 Booster funds is their growth asset allocation. The Booster Wealth Moderate Fund holds 53.15% in growth assets, with the remainder in income assets, reflecting a balanced mandate. The Booster Wealth High Growth Fund allocates 98.31% to growth assets, leaving virtually no defensive income buffer. This difference is also expressed in their risk indicators: the Moderate Fund sits at 4 on the standard 1–7 scale, while the High Growth Fund sits at 5, meaning investors in the latter are accepting materially higher expected volatility.
Fees follow the same directional pattern. The Moderate Fund charges 0.74% per annum; the High Growth Fund charges 0.96% per annum — a 22 basis point gap that compounds over time. Both funds are relatively small, with the Moderate Fund at approximately NZD 2.84 million and the High Growth Fund at approximately NZD 3.72 million in funds under management. Five-year return data is not available in the current snapshot for either fund, so long-run performance comparison is not possible here.
Portfolio construction also diverges. The Moderate Fund's disclosed top holdings skew toward NZ cash, government bonds, and a single equity name (Fisher & Paykel Healthcare). The High Growth Fund's top holdings are equity-dominated, featuring global names such as NVIDIA, Apple, and Microsoft alongside NZ equities. Both funds share the same PDS dated 22 January 2026 and are managed by Booster.
Verify all figures against the source PDS and each fund's latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
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?
