Fund-vs-fund · Diversified
Clarity Diversified Growth Fund vs Foundation Series High 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.
What's different at a glance
- Foundation Series High Growth Fund charges 0.79% lower in annual fund charges (0.37% vs 1.16%).
- 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
Clarity
1.16%
Upper half of cohort
Foundation Series
0.37%
Lowest 16% of cohort
5-year return p.a.
Past performance — not a predictor
Clarity
7.92%
Top 1% over 5 years
Foundation Series
—
—
Fund size
Larger = more stable, lower close-risk
Clarity
NZ$9m
Smallest 16% in cohort
Foundation Series
NZ$10m
Smallest 19% in cohort
| Metric | Clarity | Foundation Series | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.16% | 0.37% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | Higher = more volatility |
| 5-year return p.a. | 7.92% | — | Higher is better (past not future) |
| Fund size | NZ$9m | NZ$10m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 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 | InvestNow · Direct | InvestNow | 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
Clarity weight in shared
7.7%
of Clarity Diversified Growth Fund top 10 is shared
Foundation Series weight in shared
2.6%
of Foundation Series High Growth Fund top 10 is shared
| Holding | Clarity | Foundation Series |
|---|---|---|
| $ NZD Cash at Bank NZ | 7.65% | 2.65% |
"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
Clarity
Clarity Diversified Growth Fund
The Fund will provide actively managed exposure to New Zealand, Australian and international equities, and aims to generate a better return than the benchmark over the medium to long term. The Fund primarily invests in managed funds (including other Clarity funds) to achieve a well-diversified portfolio of assets.Full Clarity Clarity Diversified Growth Fund profile →
Foundation Series
Foundation Series High Growth Fund
Aims for high long-run returns by investing in a diversified portfolio of predominantly growth assets but with a small amount of income asset exposure. The Fund incorporates certain responsible investment considerations and is exposed to investment strategies that seek to limit exposure to companies involved in specific business practices.Full Foundation Series Foundation Series High Growth Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Clarity
Common questions
What's the difference between the Clarity Diversified Growth Fund and the Foundation Series High Growth Fund?
Which fund has lower fees, Clarity Diversified Growth Fund or Foundation Series High Growth Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
