Fund-vs-fund · Diversified
Harbour Balanced FundvsLifetime Conservative 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.
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 Fund
Lifetime Conservative Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
What's different at a glance
- Harbour Balanced Fund charges 0.06% lower in annual fund charges (0.93% 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 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
0.93%
Lower half of cohort
Lifetime
0.99%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
Harbour
—
—
Lifetime
—
—
Fund size
Larger = more stable, lower close-risk
Harbour
NZ$2m
Smallest 4% in cohort
Lifetime
NZ$2m
Smallest 2% in cohort
| Metric | Harbour | Lifetime | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.93% | 0.99% | Lower is better |
| Risk indicator (1–7) | 4 | 3 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$2m | NZ$2m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 23% / 77% | 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.
What each fund says it does
Harbour
Harbour Balanced Fund
The Fund is designed to provide investors with exposure to a wide range of domestic and global assets. The Fund invests approximately 60% in growth assets such as shares, property and infrastructure and approximately 40% 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 Fund profile →
Lifetime
Lifetime Conservative Fund
Invests mainly in income assets with some exposure to growth assets. Expected to experience low to medium volatility.Full Lifetime Lifetime Conservative Fund profile →
Common questions
What's the difference between the Harbour Balanced Fund and the Lifetime Conservative Fund?
Which fund has lower fees, Harbour Balanced Fund or Lifetime Conservative Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
