ANZ Investments OneAnswer Growth Fund
Managed by ANZ Investments ANZ Investments OneAnswer Growth Fund is a diversified managed fund operated by ANZ Investments; PIE-structured; FMA risk indicator 4/7. Headline terms: annual fund charge 0.95%. Compared with 66 other same-category funds on this site, the 0.95% 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 our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
0.95%
vs peer avg 1.29%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
3.69%
peer avg 4.31%
Fund size
NZ$45.6m
78% growth · 22% income
The Balanced Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with some exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.The Balanced Growth Fund aims to achieve (after the fund charge and before tax) over the long-term moderate to high returns, allowing for moderate to large ups and downs in value.
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 (1.7%) · Apple Inc (1.5%) · Fisher and Paykel Healthcare (1.5%)
Key facts
Fund start date
28 February 1993
Tax structure
PIE
Capped at your PIR (max 28%)
How this fund compares to peers
Mechanical comparison vs the 67 other diversified funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Annual fund charge
0.95%
Category median: 0.99%
Cheaper than 57% of peers
5y return p.a. (after fees)
+3.69%
Category median: +3.27%
Above peer median (57th percentile)
Fund size
NZ$45.6m
Category median: NZ$57.5m
46th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$466
Compounded charge over 5 years (excl. returns)
$19 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.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
 Nvidia Corporation | 1.66% |
 Apple Inc | 1.48% |
| FA Fisher and Paykel Healthcare | 1.46% |
| F3 FNMA 30Yr Conventional 150534 0.00 TBA | 1.05% |
 Microsoft Corporation | 0.93% |
| BD Bank Deposit (USD BNP) | 0.90% |
 Infratil Ltd | 0.83% |
 Auckland International Airport | 0.82% |
 Contact Energy Ltd | 0.77% |
 Amazon Com Inc | 0.72% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- BALANCED GROWTH FUND (FND2212) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 255.48 KB
- One Answer SAC Funds PDS 23 October 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.10 MB
- OASAC Balanced Growth Fund.pdf The quarterly update published by the provider PDF, 173.77 KB
- One Answer Single Asset Class Scheme SIPO 23 October 2025.pdf SIPO - Information about how the funds in the OneAnswer Single-Asset-Class Funds invest. PDF, 250.01 KB
- One Answer SAC Funds Guide 23 October 2025.pdf Guide - A helpful guide to the OneAnswer Single-Asset-Class Funds, including how to make the funds work for you, an overview, and a case study. PDF, 831.
- OASACOMI 23 October 2025.pdf OMI - Details important information about the OneAnswer Single-Asset-Class Funds. You should read this document in conjunction with the guide and product disclosure statem
- OASAC Underlying Funds and external fund managers 1 April 2026.pdf OneAnswer Single-Asset-Class Funds - Underlying funds and external fund managers PDF, 97.90 KB
- ANZ Investments Responsible Investment Framework 30 April 2026.pdf Responsible Investment Framework PDF, 1.32 MB
- One Answer Single Asset Class Scheme SIPO 23 October 2025.pdf Statement of investment policy and objectives PDF, 250.01 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.
See all funds from ANZ Investments →Common questions
Questions people ask about ANZ Investments OneAnswer Growth Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised 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 Conservative Balanced FundDiversified
- ANZ Investments OneAnswer Conservative FundDiversified
FMA risk band
Same risk band (4/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
View risk band 4 funds →AI & integrations
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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 0.95% 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$46 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 (1.66%), Apple Inc (1.48%), Fisher and Paykel Healthcare (1.46%). 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.