Fund-vs-fund · Diversified
Harbour Growth FundvsNZ Funds Income Generator
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 Growth Fund
NZ Funds Income Generator
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
What's different at a glance
- Harbour Growth Fund charges 0.67% lower in annual fund charges (1.00% vs 1.67%).
- 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
1.00%
Upper half of cohort
NZ Funds
1.67%
Highest 2% of cohort
5-year return p.a.
Past performance — not a predictor
Harbour
—
—
NZ Funds
0.90%
Bottom 4% over 5 years
Fund size
Larger = more stable, lower close-risk
Harbour
NZ$15m
Lower half by size
NZ Funds
NZ$16m
Lower half by size
| Metric | Harbour | NZ Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.00% | 1.67% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | — | 0.90% | Higher is better (past not future) |
| Fund size | NZ$15m | NZ$16m | 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.
What each fund says it does
Harbour
Harbour Growth Fund
The Fund is designed to provide investors with exposure to a wide range of domestic and global assets. The Fund invests approximately 80% in growth assets such as shares, property and infrastructure and approximately 20% into more defensive assets, predominantly investment grade bonds. The Manager will use active management to enhance returns and manage downside risks.Full Harbour Harbour Growth Fund profile →
NZ Funds
NZ Funds Income Generator
The objective of the NZ Funds Income Generator is to provide a source of income by primarily investing in dividend paying shares and derivatives including options. The fund is anticipated to mainly own and trade New Zealand and Australian shares, derivatives including options over the minimum suggested timeframe.Full NZ Funds NZ Funds Income Generator profile →
Common questions
What's the difference between the Harbour Growth Fund and the NZ Funds Income Generator?
Which fund has lower fees, Harbour Growth Fund or NZ Funds Income Generator?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
