ANZ Investments OneAnswer High Growth Fund
ANZ Investments OneAnswer High Growth Fund is a diversified managed fund from ANZ Investments with a fund size of NZ$67.1 million and an annual fund charge of 0.95%, as shown on Sorted Smart Investor on 22 May 2026.
Managed by ANZ InvestmentsFund data last refreshed · holdings as filed to 31/03/2026
ANZ Investments OneAnswer High Growth Fund is a diversified managed fund operated by ANZ Investments; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 0.99%. Compared with 67 other same-category funds on this site, the 0.99% 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
0.95%
vs peer avg 0.85%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 5.65%
Fund size
NZ$67.1m
98% growth · 2% income
Aims to achieve over the long term higher returns, and allowing for larger ups and downs in value.
How ANZ Investments OneAnswer High Growth Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Top 3 holdings
- Nvidia Corporation (2.4%) · Fisher and Paykel Healthcare (2.2%) · Apple Inc (2.1%)
- Currency policy
- Currency hedging is used to mitigate foreign currency risk, carried out in line with the hedging style, benchmark and ranges set for each applicable asset class using derivatives such as forward foreign exchange contract…
Key facts
Fund start date
3 August 2023
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 | 0% | 0% | 20% |
| International fixed interest (Australia) | 0% | 0% | 20% |
| International fixed interest (International) | 0% | 0% | 20% |
| Other (Alternatives - income) | 0% | 0% | 10% |
| Income assets (total) | 5% | 0% | 25% |
| Listed property (Australasian) | 0% | 0% | 10% |
| Listed property (International) | 0% | 0% | 10% |
| Australasian equities (New Zealand and Australia combined) | 28.4% | 8% | 48% |
| Australasian equities (New Zealand) | 17.7% | — | — |
| Australasian equities (Australia) | 10.7% | — | — |
| International equities (Developed) | 60.1% | 40% | 80% |
| International equities (Emerging markets) | 6.5% | 0% | 17% |
| Other (Infrastructure) | 0% | 0% | 10% |
| Other (Alternatives - growth) | 0% | 0% | 10% |
| Growth assets (total) | 95% | 75% | 100% |
Responsible-investment approach
The three core components are exclusions (excluding some companies and industries based on involvement in areas of harm or for breaching global norms), ESG integration (integrating ESG considerations into evaluation of companies invested in or looking to invest in), and stewardship (engagement and proxy voting). Investment decisions must consider social, environmental and governance factors. A Net Zero 2050 goal applies across all funds under management using a stewardship-based approach to decarbonisation.
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. using equity futures). Their use is carefully managed within defined limits set out in the Derivatives Framework, which is designed to ensure all derivative positions are consistent with the fund's investment strategy and risk profile, and 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 New Zealand Investments Limited offers eight OneAnswer KiwiSaver funds ranging from a Cash Fund (risk 2/7, 0.26% annual charge) to High Growth and Growth funds (both risk 5/7, 0.99% annual charge).
- The fund range spans passive index-tracking (e.g. New Zealand Fixed Interest Fund at 0.37%) and actively managed multi-asset funds, covering objectives from short-term cash preservation through to long-term growth.
- Annual fund charges range from 0.26% (Cash Fund) to 0.99% (High Growth and Growth funds); no performance fees are disclosed in the provided PDS information.
- No conflicts of interest, related-party transactions, or performance-fee mechanics are disclosed in the material provided for this scheme.
Generated 2026-05-29 from OneAnswer KiwiSaver 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 High Growth Fund: 0.95% per annum. Diversified median across 68 funds:0.99%. This fund is 0.04 percentage points below the category median.
Annual fund charge
0.95%
Category median: 0.99%
Cheaper than 58% of peers
Fund size
NZ$67.1m
Category median: NZ$45.7m
57th 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.
Complete portfolio
This fund files 2,223 holdings with the FMA as at 31/03/2026. The largest 25 are shown.
Top 10 concentration: 22.8% 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 99.5% of net assets. Percentages are of this fund's net assets and are safe to sum within this fund only.
| Holding | % of fund | |
|---|---|---|
| Other | 5.56% | |
| Receivables | 4.50% | |
| Nvidia Corporation | 2.39% | |
| Fisher and Paykel Healthcare | 2.18% | |
| Apple Inc | 2.13% | |
| Microsoft Corporation | 1.35% | |
| Infratil Ltd | 1.23% | |
| Auckland International Airport | 1.22% | |
| Contact Energy Ltd | 1.15% | |
| Bank Deposit (USD BNP) | 1.13% | |
| Amazon Com Inc | 1.04% | |
| United States Treasury 180626 0.00 Govt. Bond | 0.90% | |
| Goodman Group | 0.89% | |
| Alphabet Inc Cap Cl C | 0.78% | |
| Mainfreight Ltd | 0.78% | |
| FNMA 30Yr Conventional Loan 010655 6.50 TBA | 0.76% | |
| Taiwan Semicon Manufacturing Co Ltd | 0.75% | |
| Broadcom Ord Shs | 0.73% | |
| Ebos | 0.71% | |
| Goodman Property Trust | 0.68% | |
| Bhp Group Limited Ordinary Fully Paid | 0.68% | |
| United States Treasury 151029 1.625 Ilb | 0.65% | |
| Meridian Energy Ltd | 0.64% | |
| The A2 Milk Company Limited | 0.64% | |
| Alphabet Inc Cap Stk Cl A | 0.63% |
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 | 2.39% |
FAFisher and Paykel Healthcare | 2.18% |
 Apple Inc | 2.13% |
 Microsoft Corporation | 1.35% |
 Infratil Ltd | 1.23% |
 Auckland International Airport | 1.22% |
 Contact Energy Ltd | 1.15% |
BDBank Deposit (USD BNP) | 1.13% |
 Amazon Com Inc | 1.04% |
USUnited States Treasury 180626 0.00 Govt. Bond | 0.90% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- HIGH GROWTH FUND (FND44998) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 75.70 KB
- One Answer Kiwi Saver PDS 23 October 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 906.25 KB
- OAKS High Growth Fund.pdf The quarterly update published by the provider PDF, 168.75 KB
- OAKSOMI 23 October 2025.pdf OMI - Details important information about the OneAnswer KiwiSaver Scheme. You should read this document in conjunction with the guide and product disclosure statement and o
- One Answer Kiwi Saver Guide 23 October 2025.pdf Guide - A helpful guide to the OneAnswer KiwiSaver Scheme including case studies, information about how to choose a fund, and how to make the most of Ki
- One Answer Kiwi Saver Scheme SIPO 16 February 2026.pdf SIPO - Information about how the funds in the OneAnswer KiwiSaver Scheme invest. PDF, 316.20 KB
- OAKS Underlying Funds and external fund managers 1 April 2026.pdf OneAnswer KiwiSaver Scheme - Underlying funds and external fund managers PDF, 93.59 KB
- ANZ Investments Responsible Investment Framework 30 April 2026.pdf Responsible Investment Framework PDF, 1.32 MB
- Select International Share Fund ESG indicator report Mar 2026.pdf Select International Share Fund Quarterly ESG Indicator Report - tells you how the fund has performed against its ESG indicators. PDF,
- One Answer Kiwi Saver Scheme SIPO 16 February 2026.pdf Statement of investment policy and objectives PDF, 316.20 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 High 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 high growth investment fund?
A high growth fund is a diversified portfolio designed to prioritise capital appreciation over income, typically by holding a significant allocation to growth assets such as equities. The ANZ Investments OneAnswer High Growth Fund holds approximately 98.37% in growth assets and 1.63% in income assets, and is rated 5/7 on the FMA's standardised risk indicator, reflecting the volatility typical of growth-oriented strategies. For full details on the fund's strategy and composition, see the Product Disclosure Statement on the FMA Disclose register.
Is a high growth fund good?
Whether a high growth fund suits your circumstances depends on your investment timeframe, risk tolerance, and financial goals—this is a personal decision. The ANZ Investments OneAnswer High Growth Fund carries a risk indicator of 5/7, meaning it experiences moderate-to-high price fluctuations; investors should be comfortable with potential short-term losses. Review the fund's Product Disclosure Statement and consider seeking independent financial advice before investing.
What is a good fee for an investment fund?
Fund fees vary by strategy, asset class, and manager. The ANZ Investments OneAnswer High Growth Fund charges an annual fund charge of 0.95% p.a., which is 0.10 percentage points above the peer-cohort average of 0.85% p.a. for comparable diversified growth funds. You can compare fees across all funds in our coverage at managedfunds.nz and review the latest fee information on the FMA Disclose register.
Should I switch to conservative fund?
Switching funds depends on your investment objectives, time horizon, and risk tolerance—factors that only you can assess. The ANZ Investments OneAnswer High Growth Fund is structured for longer-term growth investors; if your circumstances have changed, review the PDS and compare it against conservative alternatives on managedfunds.nz, or seek independent financial advice.
Head-to-head
Compare ANZ Investments OneAnswer High 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 High Growth Fund?
ANZ Investments OneAnswer High 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 High Growth Fund?
It is a diversified managed fund. The fund has a aggressive 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 High Growth Fund?
The annual fund charge for the ANZ Investments OneAnswer High 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 High Growth Fund?
The risk indicator is 5/7 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 High Growth Fund a PIE fund?
Yes. The ANZ Investments OneAnswer High 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 High Growth Fund?
Fund size (assets under management) is NZ$67 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the ANZ Investments OneAnswer High Growth Fund invest in?
The latest published top holdings are: Nvidia Corporation (2.39%), Fisher and Paykel Healthcare (2.18%), Apple Inc (2.13%). 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 High Growth Fund?
The ANZ Investments OneAnswer High Growth Fund is available via ANZ Investments directly. Always read the current Product Disclosure Statement before investing.
What is a high growth investment fund?
A high growth fund is a diversified portfolio designed to prioritise capital appreciation over income, typically by holding a significant allocation to growth assets such as equities. The ANZ Investments OneAnswer High Growth Fund holds approximately 98.37% in growth assets and 1.63% in income assets, and is rated 5/7 on the FMA's standardised risk indicator, reflecting the volatility typical of growth-oriented strategies. For full details on the fund's strategy and composition, see the Product Disclosure Statement on the FMA Disclose register.
Is a high growth fund good?
Whether a high growth fund suits your circumstances depends on your investment timeframe, risk tolerance, and financial goals—this is a personal decision. The ANZ Investments OneAnswer High Growth Fund carries a risk indicator of 5/7, meaning it experiences moderate-to-high price fluctuations; investors should be comfortable with potential short-term losses. Review the fund's Product Disclosure Statement and consider seeking independent financial advice before investing.
What is a good fee for an investment fund?
Fund fees vary by strategy, asset class, and manager. The ANZ Investments OneAnswer High Growth Fund charges an annual fund charge of 0.95% p.a., which is 0.10 percentage points above the peer-cohort average of 0.85% p.a. for comparable diversified growth funds. You can compare fees across all funds in our coverage at managedfunds.nz and review the latest fee information on the FMA Disclose register.
Should I switch to conservative fund?
Switching funds depends on your investment objectives, time horizon, and risk tolerance—factors that only you can assess. The ANZ Investments OneAnswer High Growth Fund is structured for longer-term growth investors; if your circumstances have changed, review the PDS and compare it against conservative alternatives on managedfunds.nz, or seek independent financial advice.