Fund-vs-fund · Diversified

Foundation Series High Growth FundvsSBS Wealth Growth Strategy

Foundation Series High Growth Fund (fund size NZ$10.0 million, annual fund charge 0.37%) and SBS Wealth Growth Strategy (fund size NZ$9.2 million, annual fund charge 1.13%) 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 12.36% and 8.90%, per their quarterly fund updates filed on FMA Disclose.

Foundation Series

Foundation Series High Growth Fund

PIE · capped at PIR (max 28%)aggressive

SBS Wealth

SBS Wealth Growth Strategy

PIE · capped at PIR (max 28%)growth

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.

Foundation Series High Growth Fund

Available on InvestNow→

SBS Wealth Growth Strategy

No platform availability confirmed. Usually means it is bought directly from the manager — check their site.

What's different at a glance

Foundation Series High Growth Fund charges 0.76% lower in annual fund charges (0.37% vs 1.13%).
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

Foundation Series

0.37%

Lowest 14% of cohort

SBS Wealth

1.13%

Upper half of cohort

5-year return p.a.

Past performance — not a predictor

Foundation Series

—

SBS Wealth

—

Fund size

Larger = more stable, lower close-risk

Foundation Series

NZ$10m

Smallest 23% in cohort

SBS Wealth

NZ$9m

Smallest 20% in cohort

Metric	Foundation Series	SBS Wealth	Lower / higher is
Annual fund charge	0.37%	1.13%	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$10m	NZ$9m	Larger = more stable, lower close-risk
Growth / income split	98% / 2%	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.

Sources:Foundation Series on Sorted SBS Wealth on Sorted

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

of each fund's top 10

Foundation Series weight in shared

2.6%

of Foundation Series High Growth Fund top 10 is shared

SBS Wealth weight in shared

3.8%

of SBS Wealth Growth Strategy top 10 is shared

Holding	Foundation Series	SBS Wealth	Min weight
$Cash at Bank (BNZ)NZ	2.65%	3.80%	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

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 →

SBS Wealth

SBS Wealth Growth Strategy

The Strategy aims to achieve high capital Growth and returns over the long term. The Strategy invests into the following SBS Wealth funds: 60% into the World Equity Portfolio; 20% into the Australasian Equity Portfolio; 12% into the World Bond Portfolio; and 8% into the New Zealand Bond Portfolio.

Full SBS Wealth SBS Wealth Growth Strategy profile →

Documents

Crawled directly from each manager's website. How we record provenance →

Foundation Series

Live

Last verified 2026-05-08

SBS Wealth

Not yet crawled. View fund page for FMA Disclose link.

Common questions

What's the difference between the Foundation Series High Growth Fund and the SBS Wealth Growth Strategy?

Both are diversified funds available to NZ retail investors. Foundation Series High Growth Fund charges 0.76% lower in annual fund charges (0.37% vs 1.13%).

Which fund has lower fees, Foundation Series High Growth Fund or SBS Wealth Growth Strategy?

Foundation Series High Growth Fund has the lower annual fund charge (0.37% p.a. vs 1.13% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.

Are both funds PIE-taxed in NZ?

Yes. Both are NZ Portfolio Investment Entities (PIEs). Investor tax on the fund's income is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where can I read the official documents for these funds?

Both funds publish their Product Disclosure Statement (PDS), Statement of Investment Policy (SIPO) and Quarterly Fund Update (QFU) on the FMA Disclose register at disclose-register.companiesoffice.govt.nz. Always read the current PDS before investing.

Not sure which fund is right for you?

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Important: This comparison is general information only — not personalised financial advice. Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.