Fund-vs-fund · Diversified
Booster Wealth Moderate FundvsHarbour 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.
Where you can buy these
Platform availability confirmed within the last 180 days. This is a statement of availability, not a recommendation — ManagedFundsNZ is not a Financial Advice Provider. Check the current PDS before investing.
Booster Wealth Moderate Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Harbour Balanced Fund
What's different at a glance
- Booster Wealth Moderate Fund charges 0.19% lower in annual fund charges (0.74% vs 0.93%).
- 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
0.74%
Lowest 21% of cohort
Harbour
0.93%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
Booster
—
—
Harbour
—
—
Fund size
Larger = more stable, lower close-risk
Booster
NZ$3m
Smallest 7% in cohort
Harbour
NZ$2m
Smallest 4% in cohort
| Metric | Booster | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.74% | 0.93% | 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$3m | NZ$2m | Larger = more stable, lower close-risk |
| Growth / income split | 53% / 47% | 78% / 22% | 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
2
of each fund's top 10
Booster weight in shared
2.6%
of Booster Wealth Moderate Fund top 10 is shared
Harbour weight in shared
3.1%
of Harbour Balanced Fund top 10 is shared
| Holding | Booster | Harbour |
|---|---|---|
 Fisher & Paykel Healthcare Corporation LimitedNZ | 1.57% | 1.22% |
 NVIDIA CorpUS | 1.06% | 1.92% |
"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 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 →
Harbour
Harbour Balanced Fund
The Fund is designed to provide investors with exposure to a wide range of domestic and global assets. The Fund invests approximately 60% in growth assets such as shares, property and infrastructure and approximately 40% into more defensive assets, predominantly investment grade bonds. The Manager will use active management to enhance returns and manage downside risks.Full Harbour Harbour Balanced Fund profile →
Common questions
What's the difference between the Booster Wealth Moderate Fund and the Harbour Balanced Fund?
Which fund has lower fees, Booster Wealth Moderate Fund or Harbour Balanced Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
