Fund-vs-fund · Diversified
Booster Wealth Moderate Fund vs Lifetime Growth 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 Lifetime Growth Fund holds 78.48% in growth assets versus 53.15% for the Booster Wealth Moderate Fund — a gap of over 25 percentage points. Despite sharing the same risk indicator of 4 out of 7, this divergence signals meaningfully different exposure to market volatility and return potential within the same broad category. Investors weighing these funds should treat that label as a starting point, not a complete picture.
Portfolio construction also differs sharply. Booster's fund is built around direct securities — NZ government bonds, BNZ bank bills, and individual equities such as Fisher & Paykel Healthcare — with its largest single holding being NZ cash at 5.98%. Lifetime's fund is constructed almost entirely through wholesale index funds, with its top two holdings being unhedged and hedged global equity ESG funds (22.49% and 21.79% respectively), alongside a 14% allocation to the Simplicity NZ Share Fund. This gives Lifetime a more globally tilted, fund-of-funds structure with explicit ESG screening, while Booster's approach blends fixed income and direct equities more conservatively.
On fees, the Lifetime Growth Fund charges 0.99% annually compared to Booster's 0.74%. Neither fund discloses a five-year return figure in the data sourced for this snapshot. Fund sizes are comparable — Booster at NZD 2.84 million, Lifetime at NZD 3.26 million — suggesting both are relatively early-stage offerings.
Verify all details against the source PDS and latest Quarterly Fund Update for each fund 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 0.25% lower in annual fund charges (0.74% 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
0.74%
Lowest 23% 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$3m
Smallest 5% in cohort
Lifetime
NZ$3m
Smallest 7% in cohort
| Metric | Booster | Lifetime | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.74% | 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$3m | NZ$3m | 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
1
of each fund's top 10
Booster weight in shared
6.0%
of Booster Wealth Moderate Fund top 10 is shared
Lifetime weight in shared
9.2%
of Lifetime Growth Fund top 10 is shared
| Holding | Booster | Lifetime |
|---|---|---|
| NC NZ Cash (BNZ Bank Trust Account) NZ | 5.98% | 9.20% |
"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 →
Lifetime
Lifetime Growth Fund
Invests mainly in growth assets with some exposure to income assets. Expected to experience high volatility.Full Lifetime Lifetime Growth Fund profile →
Common questions
What's the difference between the Booster Wealth Moderate Fund and the Lifetime Growth Fund?
Which fund has lower fees, Booster Wealth Moderate Fund or Lifetime Growth Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
