Fund-vs-fund · Diversified
Harbour Balanced Growth FundvsNZ Funds Wealth Builder - Growth Strategy
Harbour Balanced Growth Fund (fund size NZ$57.5 million, annual fund charge 1.04%) and NZ Funds Wealth Builder - Growth Strategy (fund size NZ$58.2 million, annual fund charge 2.14%) are both diversified managed funds, as shown on Sorted Smart Investor on 22 May 2026; for the year to 31 March 2026 their 1-year returns after fees and tax were 8.57% and 8.01%, per their quarterly fund updates filed on FMA Disclose.
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.
Harbour Balanced Growth Fund
NZ Funds Wealth Builder - Growth Strategy
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Why these two differ
The most material structural difference between these two funds is their risk profile and portfolio construction. NZ Funds Wealth Builder – Growth Strategy carries a risk indicator of 6 and allocates 98.31% to growth assets, making it almost entirely growth-oriented. Harbour Balanced Growth Fund sits at risk indicator 4 with 78.48% in growth assets, retaining a meaningful defensive allocation despite its "balanced growth" label. Both funds sit within the same Diversified category, but their volatility expectations differ substantially.
Fees diverge sharply: Harbour charges 1.04% per annum against NZ Funds' 2.14%, a gap of 1.10 percentage points that compounds materially over time. Despite the higher fee and greater growth exposure, NZ Funds' five-year return of 0.96% per annum trails Harbour's 1.24% over the same period, though past performance does not predict future returns and the measurement window matters.
Portfolio character also differs. Harbour's top holdings include private equity vehicles (TPG Private Equity Opportunities Fund, Icehouse IVX, GD1 Fund 3) alongside listed equities such as Fisher & Paykel Healthcare. NZ Funds' largest disclosed positions are Goldman Sachs Futures (13.41%) and Goldman Sachs OTC Derivatives (6.01%), indicating a derivatives-heavy implementation strategy that introduces counterparty and instrument complexity not present in Harbour's visible holdings. Fund sizes are broadly comparable — Harbour at NZD 57.5 million, NZ Funds at NZD 58.2 million.
Verify all figures against each fund's current product disclosure statement and latest quarterly fund update on FMA Disclose before relying on this summary for any investment decision.
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
- Harbour Balanced Growth Fund charges 1.10% lower in annual fund charges (1.04% vs 2.14%).
- 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
Harbour
1.04%
Upper half of cohort
NZ Funds
2.14%
Highest 1% of cohort
5-year return p.a.
Past performance — not a predictor
Harbour
1.24%
Bottom 9% over 5 years
NZ Funds
0.96%
Bottom 6% over 5 years
Fund size
Larger = more stable, lower close-risk
Harbour
NZ$58m
Upper half by size
NZ Funds
NZ$58m
Upper half by size
| Metric | Harbour | NZ Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.04% | 2.14% | Lower is better |
| Risk indicator (1–7) | 4 | 6 | Higher = more volatility |
| 5-year return p.a. | 1.24% | 0.96% | Higher is better (past not future) |
| Fund size | NZ$58m | NZ$58m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 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
1
of each fund's top 10
Harbour weight in shared
5.1%
of Harbour Balanced Growth Fund top 10 is shared
NZ Funds weight in shared
4.7%
of NZ Funds Wealth Builder - Growth Strategy top 10 is shared
| Holding | Harbour | NZ Funds |
|---|---|---|
$ANZ NZD CashNZ | 5.07% | 4.69% |
"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
Harbour
Harbour Balanced Growth Fund
The Fund is designed to provide investors with exposure to a wide range of domestic and global assets. The Fund invests approximately 70% in growth assets such as shares, property and infrastructure and Approximately 30% 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 Growth Fund profile →
NZ Funds
NZ Funds Wealth Builder - Growth Strategy
The objective of the NZ Funds Wealth Builder - Growth Strategy is to grow your investment over the long term by investing in growth assets and other authorised assets with active management. The fund is anticipated to mainly own and trade New Zealand, Australian and international shares and/or hedge funds over the minimum suggested timeframe.Full NZ Funds NZ Funds Wealth Builder - Growth Strategy profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Harbour
LiveLast verified 2026-05-08
NZ Funds
Common questions
What's the difference between the Harbour Balanced Growth Fund and the NZ Funds Wealth Builder - Growth Strategy?
Which fund has lower fees, Harbour Balanced Growth Fund or NZ Funds Wealth Builder - Growth Strategy?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
