Fund-vs-fund · Diversified
Booster Wealth Moderate FundvsSBS Wealth High Growth Strategy
Booster Wealth Moderate Fund (fund size NZ$2.8 million, annual fund charge 0.74%) and SBS Wealth High Growth Strategy (fund size NZ$2.6 million, annual fund charge 1.22%) are both diversified managed funds, as shown on Sorted Smart Investor on 22 May 2026 and 12 October 2026 respectively; for the year to 31 March 2026 their 1-year returns after fees and tax were 2.70% and 10.79%, per their quarterly fund updates filed on FMA Disclose.
What's different at a glance
- Booster Wealth Moderate Fund charges 0.48% lower in annual fund charges (0.74% vs 1.22%).
- 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
SBS Wealth
1.22%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Booster
—
—
SBS Wealth
—
—
Fund size
Larger = more stable, lower close-risk
Booster
NZ$3m
Smallest 8% in cohort
SBS Wealth
NZ$3m
Smallest 5% in cohort
| Metric | Booster | SBS Wealth | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.74% | 1.22% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | 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% | 98% / 2% | 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 Moderate Fund top 10 is shared
SBS Wealth weight in shared
8.4%
of SBS Wealth High Growth Strategy top 10 is shared
| Holding | Booster | SBS Wealth |
|---|---|---|
NCNZ Cash (BNZ Bank Trust Account)NZ | 5.98% | 3.78% |
 Fisher & Paykel Healthcare Corporation LimitedNZ | 1.57% | 2.60% |
 NVIDIA CorpUS | 1.06% | 1.98% |
"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 →
SBS Wealth
SBS Wealth High Growth Strategy
The Strategy aims to achieve higher capital growth and returns over the long term. The Strategy invests into the following SBS Wealth funds: 75% into the World Equity Portfolio; and 25% into the Australasian Equity Portfolio.Full SBS Wealth SBS Wealth High Growth Strategy profile →
Common questions
What's the difference between the Booster Wealth Moderate Fund and the SBS Wealth High Growth Strategy?
Which fund has lower fees, Booster Wealth Moderate Fund or SBS Wealth High Growth Strategy?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
