Fund-vs-fund · Diversified
NZ Funds Wealth Builder - Income Strategy vs SBS Wealth Balanced Strategy
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.
What's different at a glance
- SBS Wealth Balanced Strategy charges 0.17% lower in annual fund charges (1.03% vs 1.20%).
- 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 67 diversified funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
NZ Funds
1.20%
Upper half of cohort
SBS Wealth
1.03%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
NZ Funds
0.79%
Bottom 4% over 5 years
SBS Wealth
—
—
Fund size
Larger = more stable, lower close-risk
NZ Funds
NZ$20m
Lower half by size
SBS Wealth
NZ$17m
Lower half by size
| Metric | NZ Funds | SBS Wealth | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.20% | 1.03% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | 0.79% | — | Higher is better (past not future) |
| Fund size | NZ$20m | NZ$17m | Larger = more stable, lower close-risk |
| Growth / income split | 0% / 100% | 53% / 47% | 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
2
of each fund's top 10
NZ Funds weight in shared
6.8%
of NZ Funds Wealth Builder - Income Strategy top 10 is shared
SBS Wealth weight in shared
7.9%
of SBS Wealth Balanced Strategy top 10 is shared
| Holding | NZ Funds | SBS Wealth |
|---|---|---|
 Westpac Cash NZ | 4.01% | 3.93% |
| CN Citibank New Zealand Cash NZ | 2.78% | 3.93% |
"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
NZ Funds
NZ Funds Wealth Builder - Income Strategy
The objective of the NZ Funds Wealth Builder - Income Strategy is to generate gains by investing in income assets and other authorised assets with active management. The fund is anticipated to own and trade New Zealand, Australian and international bonds over the minimum suggested timeframe.Full NZ Funds NZ Funds Wealth Builder - Income Strategy profile →
SBS Wealth
SBS Wealth Balanced Strategy
The Strategy aims to achieve medium capital growth and returns over the medium to long term, with an emphasis on balancing capital growth with stable returns. The Strategy invests into the following SBS Wealth funds: 45% into the World Equity Portfolio; 15% into the Australasian Equity Portfolio; 25% into the World Bond Portfolio; and 15% into the New Zealand Bond Portfolio.Full SBS Wealth SBS Wealth Balanced Strategy profile →
Common questions
What's the difference between the NZ Funds Wealth Builder - Income Strategy and the SBS Wealth Balanced Strategy?
Which fund has lower fees, NZ Funds Wealth Builder - Income Strategy or SBS Wealth Balanced Strategy?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
