ANZ Investments OneAnswer Growth Fund
ANZ Investments OneAnswer Growth Fund is a diversified managed fund from ANZ Investments with a fund size of NZ$439.4 million and an annual fund charge of 0.98%, as shown on Sorted Smart Investor on 12 September 2026.
Managed by ANZ InvestmentsFund data last refreshed · holdings as filed to 31/03/2026
ANZ Investments OneAnswer Growth Fund is a diversified managed fund operated by ANZ Investments; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 1.03% · distributions no distributions (accumulating). Compared with 67 other same-category funds on this site, the 1.03% annual fund charge sits in line with the same-category median of 0.99%.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See ourPIR guideandPIE tax basicsfor the full picture, or use thePIR calculatorto confirm your rate.
Annual fund charge
0.98%
vs peer avg 1.12%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
5.26%
peer avg 4.92%
Fund size
NZ$439.4m
78% growth · 22% income
Aims to achieve over the long term high returns, and allowing for large ups and downs in value.
Benchmark track record
Compare Diversified consistency →How ANZ Investments OneAnswer Growth Fund performed against its own market-index benchmark each year, after fees and tax — from the FMA fund-update dataset. Historical track record, not current-year performance; past performance is not a guide to the future.
Growth of NZ$10,000
2013–2022, after fees & taxA notional NZ$10,000 compounded by each year's disclosed net return — a track-record trajectory from the FMA fund-update data, not a live unit price. Past performance is not a guide to the future.
NZ$10,000 → NZ$24,418 · to 30/06/2022
Beat its benchmark in 2 of 10 years
annual returns to 30/06/2022Since inception: 8.52% p.a. after fees & tax vs benchmark 9.65%.
Past performance. Returns are after fees and before tax, for years ending 30/06/2022. Past returns are not a guide to future returns.
How ANZ Investments OneAnswer Growth Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Top 3 holdings
- Nvidia Corporation (2.0%) · Apple Inc (1.9%) · Fisher and Paykel Healthcare (1.9%)
- Currency policy
- Currency hedging is used to mitigate foreign currency risk using derivatives such as forward foreign exchange contracts. Passive hedging targets 100% for cash, international fixed interest, listed property and listed inf…
Key facts
Fund start date
15 April 2010
Distributions
No distributions (accumulating)
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Cash and cash equivalents | 5% | 0% | 25% |
| New Zealand fixed interest | 6.2% | 0% | 26% |
| International fixed interest (Australia) | 0% | 0% | 20% |
| International fixed interest (International) | 10.8% | 0% | 31% |
| Other (Alternatives - income) | 0% | 0% | 10% |
| Income assets (total) | 22% | 2% | 42% |
| Listed property (Australasian) | 0% | 0% | 10% |
| Listed property (International) | 0% | 0% | 10% |
| Australasian equities (New Zealand) | 14.4% | 3% | 43% |
| Australasian equities (Australia) | 8.8% | 3% | 43% |
| International equities (Developed) | 49% | 29% | 69% |
| International equities (Emerging markets) | 5.8% | 0% | 16% |
| Other (Infrastructure) | 0% | 0% | 10% |
| Other (Alternatives - growth) | 0% | 0% | 10% |
| Growth assets (total) | 78% | 58% | 98% |
Responsible-investment approach
The three core components are exclusions (excluding some companies and industries based on involvement in areas of harm or breaching global norms), ESG integration (integrating ESG considerations into evaluation of companies invested in or considered for investment), and stewardship (engagement and proxy voting). Investments are not made based solely on ESG factors. ANZ Investments has a Net Zero 2050 goal across all funds under management using a stewardship-based approach to decarbonisation.
Exclusions
- Companies and industries based on involvement in areas of harm or breaching global norms (per Responsible Investment Framework)
Derivatives policy
Derivatives are used to reduce investment risks such as currency risk, or as an efficient way to gain exposure to an asset or asset class (e.g. equity futures). Use is carefully managed within defined limits set out in the Derivatives Framework, and derivative exposures are managed and monitored each business day; derivative counterparties must meet minimum credit ratings.
Reading between the lines
Plain-English summary of the scheme's disclosed conflicts and performance-fee mechanics, drawn from the OMI and PDS. Factual restatement — no opinion.
- ANZ Investments offers six actively managed multi-asset funds ranging from Conservative (risk 3/7, 0.68% annual charge) to High Growth (risk 5/7, 1.03% annual charge).
- ANZ Investments annual fund charges range from 0.68% to 1.03% depending on the fund, with higher-growth options carrying higher charges.
- ANZ Investments funds span risk indicators of 3 to 5 out of 7, meaning even the highest-risk fund in this scheme sits in the middle of the full risk scale.
- ANZ Investments has not disclosed any performance fees, related-party transaction costs, or conflicts of interest in the material provided for this scheme.
Generated 2026-05-29 from ANZ Investments Multi-Asset-Class Scheme PDS (dated 2025-10-21). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
How this fund compares to peers
Mechanical comparison vs the 68 other diversified funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
ANZ Investments OneAnswer Growth Fund: 0.98% per annum. Diversified median across 68 funds:0.99%. This fund is 0.01 percentage points below the category median.
Annual fund charge
0.98%
Category median: 0.99%
Cheaper than 54% of peers
5y return p.a. (after fees)
+5.26%
Category median: +3.18%
Higher than 83% of peers
Fund size
NZ$439.4m
Category median: NZ$45.7m
Top 20% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$480
Compounded charge over 5 years (excl. returns)
$5 less than peer median
Read the full fee-vs-peers breakdown →
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Complete portfolio
This fund files 5,758 holdings with the FMA as at 31/03/2026. The largest 25 are shown.
Top 10 concentration: 18.3% of net assets.
Direct disclosed holdings only — a floor on exposure, not a total. Filings list wrappers and securities together, so a fund holding another fund shows no look-through here. Disclosed rows account for 97.5% of net assets. Percentages are of this fund's net assets and are safe to sum within this fund only.
| Holding | % of fund | |
|---|---|---|
| Receivables | 6.65% | |
| Nvidia Corporation | 2.02% | |
| Fisher and Paykel Healthcare | 1.81% | |
| Apple Inc | 1.80% | |
| Microsoft Corporation | 1.14% | |
| Bank Deposit (USD BNP) | 1.02% | |
| Infratil Ltd | 1.02% | |
| Auckland International Airport | 1.01% | |
| Contact Energy Ltd | 0.96% | |
| Amazon Com Inc | 0.88% | |
| United States Treasury 180626 0.00 Govt. Bond | 0.76% | |
| Goodman Group | 0.73% | |
| FNMA 30Yr Conventional Loan 010655 6.50 TBA | 0.66% | |
| Alphabet Inc Cap Cl C | 0.66% | |
| Taiwan Semicon Manufacturing Co Ltd | 0.65% | |
| Mainfreight Ltd | 0.64% | |
| Broadcom Ord Shs | 0.62% | |
| Ebos | 0.59% | |
| FNMA 30Yr Conventional 150534 0.00 TBA | 0.59% | |
| Bhp Group Limited Ordinary Fully Paid | 0.58% | |
| Goodman Property Trust | 0.55% | |
| United States Treasury 151029 1.625 Ilb | 0.55% | |
| Meridian Energy Ltd | 0.53% | |
| Alphabet Inc Cap Stk Cl A | 0.53% | |
| The A2 Milk Company Limited | 0.53% |
Every NZ managed fund must file its complete portfolio with the FMA each quarter. Where a line is itself a fund, trust or ETF, the securities inside it are not broken out here.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
 Nvidia Corporation | 2.03% |
 Apple Inc | 1.90% |
FAFisher and Paykel Healthcare | 1.86% |
 Infratil Ltd | 1.34% |
 Alphabet Inc Capital Stock Class A | 1.03% |
 Contact Energy Ltd | 1.00% |
 Auckland International Airport | 0.98% |
 Amazon Com Inc | 0.97% |
SPSPDR Portfolio S&P 500 ETF (State Street) | 0.92% |
 Goodman Group | 0.82% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- GROWTH FUND (FND2203) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 254.19 KB
- One Answer MAC Funds PDS 23 October 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.31 MB
- OAMAC Growth Fund.pdf The quarterly update published by the provider PDF, 196.64 KB
- OAMACOMI 23 October 2025.pdf OMI - Details important information about the OneAnswer Multi-Asset-Class Funds. You should read this document in conjunction with the guide and product disclosure stateme
- ANZ Investments Multi Asset Class Scheme SIPO 23 October 2025.pdf SIPO - Information about how the funds in the OneAnswer Multi-Asset-Class Funds invest. PDF, 265.03 KB
- One Answer MAC Funds Guide 23 October 2025.pdf Guide - A helpful guide to the OneAnswer Multi-Asset-Class Funds, including how to make the funds work for you, an overview, case studies and information
- OAMAC Underlying Funds and external fund managers 1 April 2026.pdf OneAnswer Multi-Asset-Class Funds - Underlying funds and external fund managers PDF, 85.84 KB
- ANZ Investments Responsible Investment Framework 30 April 2026.pdf Responsible Investment Framework PDF, 1.32 MB
- ANZ Investments Multi Asset Class Scheme SIPO 23 October 2025.pdf Statement of investment policy and objectives PDF, 265.03 KB
About this category
Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
About ANZ Investments
Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
ANZ Investments has 14 retail funds in our coverage across Diversified, Australasian Equities, International Equities, International FI, Listed Property and NZ Fixed Interest strategies, with annual fund charges from 0.46% to 1.09% a year.
Based in Auckland.
Common questions
Questions people ask about ANZ Investments OneAnswer Growth Fund
Questions that recur in search results for this fund, answered from its filed PDS, Fund Update and FMA Disclose record. How the question set was captured is documented in our methodology. Not personal financial advice — for guidance specific to your situation, consult a licensed financial adviser.
What is a good fee for an investment fund?
Fund fees vary by asset class and strategy; the FMA Disclose register allows you to compare annual fund charges across funds. The ANZ Investments OneAnswer Growth Fund charges 0.95% p.a., which is below the peer-cohort average of 1.29% p.a. for comparable diversified funds.
Is a growth fund good?
Growth funds typically carry higher volatility and are suited to longer investment timeframes; the ANZ Investments OneAnswer Growth Fund holds approximately 78.48% growth assets and 21.52% income assets, with a risk indicator of 4 out of 7 on the FMA standardised scale. Whether this asset mix suits your circumstances depends on your personal situation, investment horizon, and risk tolerance—check the Product Disclosure Statement for full details.
What does the ANZ KiwiSaver Growth fund invest in?
The ANZ Investments OneAnswer Growth Fund is a diversified fund with approximately 78.48% allocated to growth assets and 21.52% to income assets, including holdings in companies such as Nvidia Corporation, Apple Inc, and Fisher and Paykel Healthcare. For a complete breakdown of holdings and investment strategy, refer to the current Product Disclosure Statement on the manager's website.
Head-to-head
Compare ANZ Investments OneAnswer Growth Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Diversified funds
Same manager
Other funds by ANZ Investments
- ANZ Investments OneAnswer Balanced FundDiversified
- ANZ Investments OneAnswer Balanced Growth FundDiversified
- ANZ Investments OneAnswer Conservative Balanced FundDiversified
FMA risk band
Same risk band (5/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the ANZ Investments OneAnswer Growth Fund?
ANZ Investments OneAnswer Growth Fund is managed by ANZ Investments. Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
What asset class is the ANZ Investments OneAnswer Growth Fund?
It is a diversified managed fund. The fund has a growth risk profile. Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
What are the fees for the ANZ Investments OneAnswer Growth Fund?
The annual fund charge for the ANZ Investments OneAnswer Growth Fund is 0.98% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the ANZ Investments OneAnswer Growth Fund?
The risk indicator is 4/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the ANZ Investments OneAnswer Growth Fund a PIE fund?
Yes. The ANZ Investments OneAnswer Growth Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the ANZ Investments OneAnswer Growth Fund?
Fund size (assets under management) is NZ$439 million as at the latest Quarterly Fund Update. Asset mix is approximately 78% growth assets and 22% income assets.
What does the ANZ Investments OneAnswer Growth Fund invest in?
The latest published top holdings are: Nvidia Corporation (2.03%), Apple Inc (1.90%), Fisher and Paykel Healthcare (1.86%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the ANZ Investments OneAnswer Growth Fund?
The ANZ Investments OneAnswer Growth Fund is available via ANZ Investments directly. Always read the current Product Disclosure Statement before investing.
What is a good fee for an investment fund?
Fund fees vary by asset class and strategy; the FMA Disclose register allows you to compare annual fund charges across funds. The ANZ Investments OneAnswer Growth Fund charges 0.95% p.a., which is below the peer-cohort average of 1.29% p.a. for comparable diversified funds.
Is a growth fund good?
Growth funds typically carry higher volatility and are suited to longer investment timeframes; the ANZ Investments OneAnswer Growth Fund holds approximately 78.48% growth assets and 21.52% income assets, with a risk indicator of 4 out of 7 on the FMA standardised scale. Whether this asset mix suits your circumstances depends on your personal situation, investment horizon, and risk tolerance—check the Product Disclosure Statement for full details.
What does the ANZ KiwiSaver Growth fund invest in?
The ANZ Investments OneAnswer Growth Fund is a diversified fund with approximately 78.48% allocated to growth assets and 21.52% to income assets, including holdings in companies such as Nvidia Corporation, Apple Inc, and Fisher and Paykel Healthcare. For a complete breakdown of holdings and investment strategy, refer to the current Product Disclosure Statement on the manager's website.