Fund-vs-fund · Diversified
Harbour Balanced FundvsSBS Wealth High Growth Strategy
Harbour Balanced Fund (fund size NZ$2.1 million, annual fund charge 0.93%) 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 12 September 2026 and 12 October 2026 respectively; SBS Wealth High Growth Strategy's 1-year return after fees and tax was 10.79% for the year to 31 March 2026, per its quarterly fund update 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 Fund
SBS Wealth High Growth Strategy
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 0.29% lower in annual fund charges (0.93% 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
Harbour
0.93%
Lower half of cohort
SBS Wealth
1.22%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Harbour
—
—
SBS Wealth
—
—
Fund size
Larger = more stable, lower close-risk
Harbour
NZ$2m
Smallest 4% in cohort
SBS Wealth
NZ$3m
Smallest 5% in cohort
| Metric | Harbour | SBS Wealth | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.93% | 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$2m | NZ$3m | 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
3
of each fund's top 10
Harbour weight in shared
4.3%
of Harbour Balanced Fund top 10 is shared
SBS Wealth weight in shared
6.4%
of SBS Wealth High Growth Strategy top 10 is shared
| Holding | Harbour | SBS Wealth |
|---|---|---|
 NVIDIA CorpUS | 1.92% | 1.98% |
 Fisher & Paykel HealthcareNZ | 1.22% | 2.60% |
 InfratilNZ | 1.18% | 1.82% |
"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 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 →
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 Harbour Balanced Fund and the SBS Wealth High Growth Strategy?
Which fund has lower fees, Harbour Balanced Fund or SBS Wealth High Growth Strategy?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
