Booster Socially Responsible Balanced Fund
Booster Socially Responsible Balanced Fund is a diversified managed fund from Booster with a fund size of NZ$427.3 million and an annual fund charge of 1.33%, as shown on Sorted Smart Investor on 22 May 2026; its 1-year return after fees and tax was 3.59% for the year to 31 March 2026, per its quarterly fund update filed on FMA Disclose.
Managed by BoosterFund data last refreshed · holdings as filed to 31/03/2026
Booster Socially Responsible Balanced Fund is a diversified managed fund operated by Booster; PIE-structured; FMA risk indicator 4/7. Headline terms: annual fund charge 1.22%. Compared with 67 other same-category funds on this site, the 1.22% annual fund charge sits above 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
1.33%
vs peer avg 0.91%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
4.00%
peer avg 3.87%
Fund size
NZ$427.3m
54% growth · 46% income
To provide a medium level of returns on average over medium term periods (five years plus), allowing for shorter-term ups and downs, whilst excluding investments which do not satisfy certain socially responsible investment criteria. We aim to achieve this by investing in a mix of income and growth assets, and the application of our Approach to Responsible Investing Policy.
How Booster Socially Responsible Balanced Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Responsible-investment screen
- Excludes Production, distribution, retail and supply of alcoholic beverages; Gambling operations; Tobacco production, distribution, supply and retailing, plus 12 additional categories (full list in the SIPO).
- Top 3 holdings
- NZ Cash (BNZ Bank Trust Account) (3.4%) · NVIDIA Corp (1.9%) · Fisher & Paykel Healthcare Corporation Limited (1.9%)
Key facts
Fund start date
1 July 2014
Tax structure
PIE
Capped at your PIR (max 28%)
Performance fee
From the Product Disclosure Statement.
20% of the return above the hurdle rate (10% p.a.) and high-water mark is payable as a performance fee; fee is only payable for returns in excess of the hurdle rate after any prior year losses have been covered.
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International Equities | 34% | 20% | 45% |
| Australasian Equities | 19% | 5% | 30% |
| Listed Property | 4% | 0% | 10% |
| Unlisted Property | 3% | 0% | 8% |
| New Zealand Fixed Interest | 19% | 0% | 40% |
| International Fixed Interest | 19% | 5% | 40% |
| Cash & Cash Equivalents | 2% | 0% | 25% |
| Commodities | 0% | 0% | 4% |
| Total Growth | 60% | 40% | 70% |
| Total Income | 40% | 30% | 60% |
Responsible-investment approach
ESG factors are considered in investment decision-making for directly managed listed shares and listed property. Socially Responsible funds exclude companies generating more than an incidental proportion of revenue from specified activities including fossil fuels, tobacco, weapons manufacturing, gambling, and others. Further detail is in Booster's Approach to Responsible Investing policy.
Exclusions
- Production, distribution, retail and supply of alcoholic beverages
- Gambling operations
- Tobacco production, distribution, supply and retailing
- Military weapons manufacturing
- Civilian firearms production, distribution, supply and retailing
- Nuclear power production
- Fossil fuels exploration, extraction, refinement, distribution, supply and retailing
- Pornographic material production, distribution and retailing
- Genetically Modifying Organisms (GMO) intended for agricultural use
- Animal testing on non-medical products
- Intensive animal farming (factory farming)
- Whaling
- Palm oil production and plantations
- Recreational cannabis production, distribution, supply and retailing
- Seaborne export of live animals
Derivatives policy
Derivatives may be used in relation to any asset class and any Fund, provided they are backed by cash or relevant physical holdings and effective exposures remain within the overall mandate when combined with the underlying portfolio. Permitted instruments include OTC/exchange traded futures, forward FX contracts, OTC/exchange traded options, and OTC FRAs/swaps; OTC counterparties must have S&P rating of A or better where managed directly by the Manager.
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.
- Booster discloses that it invests Scheme assets into its own related-party funds, and that shared directors or contractual links between related parties could influence investment decisions away from investors' interests.
- Booster's related company BCAS charges up to 0.50% on net foreign exchange transactions from Scheme assets, and Booster's parent BFSL is separately paid a fee by the Manager for administration, IT, and other support services.
- Most funds in the Scheme can incur a performance fee of 33% of excess income returns (paid in cash) plus 10% of excess capital gains (paid as units in Booster Tahi LP) when total returns exceed the 90-day bank bill rate by more than 5%, subject to a high-water mark.
- Funds investing in Booster Innovation Fund face a second, layered performance fee of 20% of returns above a 10% p.a. hurdle, meaning Growth, Shielded Growth, and High Growth fund investors may pay performance fees at both the fund and underlying-fund level.
Generated 2026-05-28 from Booster KiwiSaver Scheme OMI (dated 2026-03-31). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
Scheme disclosures
From the Other Material Information (OMI) document. Scheme-level — applies to every fund in this scheme.
Trustee / Supervisor
Public Trust
Auditor
Ernst & Young
Custodian
PT (Booster KiwiSaver) Nominees Limited
Conflicts disclosed
4
In OMI
Conflicts of interest disclosed in OMI
- Booster as Manager invests the Scheme's funds into related party products (funds managed by Booster or a related party), creating an incentive to invest for the benefit of those funds and/or Booster rather than the Scheme's funds.
- Booster earns fees linked to certain fund management activities (e.g. foreign exchange facilitation fee or borrowing fee for geared funds), creating an incentive to increase those activities to earn more fees.
- Related parties may be in a position to exert influence over Booster (e.g. via shared directors or contractual links), risking investment decisions being made to achieve objectives that differ from the relevant fund's objectives.
- Contractual arrangements entered into between related parties risk favouring the related party to the detriment of one or more of the Scheme's funds, or the related party may not meet its obligations due to close association of the parties.
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.
Booster Socially Responsible Balanced Fund: 1.33% per annum. Diversified median across 68 funds:0.99%. This fund is 0.34 percentage points above the category median.
Annual fund charge
1.33%
Category median: 0.99%
Pricier than most peers (top 80% by fee)
5y return p.a. (after fees)
+4.00%
Category median: +3.18%
Above peer median (63th percentile)
Fund size
NZ$427.3m
Category median: NZ$45.7m
Top 21% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$648
Compounded charge over 5 years (excl. returns)
$162 more 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 4,031 holdings with the FMA as at 31/03/2026. The largest 25 are shown.
Top 10 concentration: 16.0% 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 97.4% of net assets. Percentages are of this fund's net assets and are safe to sum within this fund only.
| Holding | % of fund | |
|---|---|---|
| NZ Cash (BNZ Bank Trust Account) | 3.41% | |
| NVIDIA Corp | 1.95% | |
| Fisher & Paykel Healthcare Corporation Limited | 1.90% | |
| Apple Inc | 1.67% | |
| Microsoft Corporation | 1.36% | |
| NZ Govt Stock 4.5% 15/04/2027 | 1.35% | |
| Auckland International Airport Limited | 1.18% | |
| Amazon.com Inc | 1.12% | |
| Alphabet Inc (Class C) | 1.03% | |
| Infratil Limited | 1.02% | |
| NZ Govt Stock 3.50% 14/04/2033 | 0.92% | |
| NZ Govt Stock 0.50% 15/05/2026 | 0.90% | |
| Meridian Energy Limited | 0.84% | |
| Infratil Infrastructure Bonds 7.06% 17/12/2031 | 0.81% | |
| NZ Govt Stock Green 4.25% 15/05/2034 | 0.78% | |
| Commonwealth Bank of Australia | 0.77% | |
| SPDR MSCI Europe Technology UCITS ETF | 0.76% | |
| The a2 Milk Company Limited | 0.75% | |
| Mercury NZ Limited | 0.71% | |
| Secured Loan to Booster KiwiSaver Scheme SR Geared Growth Fund | 0.68% | |
| Bank of New Zealand Bond 5.872% 01/09/2028 | 0.67% | |
| Alphabet Inc (Class A) | 0.66% | |
| NZ Govt Stock 4.50% 15/05/2035 | 0.66% | |
| Rabobank Nederland NZ 05/04/2029 | 0.64% | |
| Meta Platforms Inc | 0.61% |
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 |
|---|---|
NCNZ Cash (BNZ Bank Trust Account) | 3.41% |
 NVIDIA Corp | 1.95% |
 Fisher & Paykel Healthcare Corporation Limited | 1.90% |
 Apple Inc | 1.67% |
 Microsoft Corporation | 1.36% |
NGNZ Govt Stock 4.5% 15/04/2027 | 1.35% |
 Auckland International Airport Limited | 1.18% |
 Amazon.Com Inc | 1.12% |
 Alphabet Inc (Class C) | 1.03% |
 Infratil Limited | 1.02% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- SOCIALLY RESPONSIBLE BALANCED FUND (FND1287) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.70 KB
- Booster Kiwi Saver Scheme Socially Responisble Investment Funds PDS 30 September 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 763.17 KB
- BKS Kiwi Saver Socially Responsible Balanced Fund Quarterly Fund Update March 2026.pdf The quarterly update published by the provider PDF, 84.41 KB
- Booster Kiwi Saver Scheme Default Saver Fund PDS 30 September 2025.pdf Additional product disclosure statement from the provider PDF, 341.70 KB
- Booster Kiwi Saver Scheme Asset Class Funds PDS 30 September 2025.pdf Additional product disclosure statement from the provider PDF, 602.54 KB
- Booster Kiwi Saver Scheme Multi Sector Fundsand Cash Fund PDS 30 September 2025.pdf Additional product disclosure statement from the provider PDF, 946.91 KB
- Booster Kiwi Saver Scheme Single sectorand Specialty Funds PDS 28 September 2021.pdf Additional product disclosure statement from the provider PDF, 585.45 KB
- Approachto Responsible Investing.pdf The Socially Responsible Investment Policy details Booster's philosophy to socially responsible investing. PDF, 131.17 KB
- Booster Kiwi Saver Scheme Other Material Information 31 March 2026.pdf The Other Material Information document should be read in conjunction with the PDS. It details additional information an investor
- Booster Kiwi Saver Scheme SIPO 31 March 2026.pdf Statement of investment policy and objectives PDF, 675.22 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 Booster
NZ-owned manager with a diversified Wealth range, socially responsible series and shielded growth strategy.
Booster has 9 retail funds in our coverage across Diversified strategies, with annual fund charges from 0.74% to 1.41% a year.
Based in Wellington.
Common questions
Questions people ask about Booster Socially Responsible Balanced 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.
Is 1% a high management fee?
The Booster Socially Responsible Balanced Fund's annual fund charge is 1.33% p.a., which is 0.42 percentage points above the peer-cohort average of 0.91% p.a. for comparable funds. Whether a fee is high depends on the services and investment strategy provided; you can compare this fund's charge against others in the diversified category on managedfunds.nz.
Is Booster KiwiSaver a ethical fund?
The Booster Socially Responsible Balanced Fund applies responsible-investment and ESG screens in accordance with its Statement of Investment Policy and Objectives (SIPO). Whether these screens align with your personal values should be confirmed by reviewing the fund's current PDS and SIPO on the Booster website or the FMA Disclose register.
Is socially responsible investing worth it?
Socially responsible investing involves applying non-financial criteria (such as environmental, social, and governance factors) alongside financial analysis. The trade-offs between responsible-investment screening, returns, and fees vary by fund and investor priorities; the Booster Socially Responsible Balanced Fund's 5-year return after fees was 4% p.a., which you can compare against other funds in the diversified category.
Is there an exit fee for booster KiwiSaver?
You should check the current Product Disclosure Statement (PDS) for the Booster Socially Responsible Balanced Fund and your KiwiSaver scheme account terms, as exit fees and conditions depend on your specific membership and investment choice. Contact Booster directly via https://www.booster.co.nz for the most current information.
Head-to-head
Compare Booster Socially Responsible Balanced Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Diversified funds
Same manager
Other funds by Booster
- Booster Socially Responsible High Growth FundDiversified
- Booster Socially Responsible Growth FundDiversified
- Booster Shielded Growth 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.
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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 Booster Socially Responsible Balanced Fund?
Booster Socially Responsible Balanced Fund is managed by Booster. NZ-owned manager with a diversified Wealth range, socially responsible series and shielded growth strategy.
What asset class is the Booster Socially Responsible Balanced Fund?
It is a diversified managed fund. The fund has a balanced 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 Booster Socially Responsible Balanced Fund?
The annual fund charge for the Booster Socially Responsible Balanced Fund is 1.33% 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 Booster Socially Responsible Balanced 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 Booster Socially Responsible Balanced Fund a PIE fund?
Yes. The Booster Socially Responsible Balanced 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 Booster Socially Responsible Balanced Fund?
Fund size (assets under management) is NZ$427 million as at the latest Quarterly Fund Update. Asset mix is approximately 54% growth assets and 46% income assets.
What does the Booster Socially Responsible Balanced Fund invest in?
The latest published top holdings are: NZ Cash (BNZ Bank Trust Account) (3.41%), NVIDIA Corp (1.95%), Fisher & Paykel Healthcare Corporation Limited (1.90%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Does the Booster Socially Responsible Balanced Fund apply responsible-investment screens?
Yes. The Booster Socially Responsible Balanced Fund applies responsible-investment or ESG screening criteria — exclusions and engagement policies are documented in the fund's Statement of Investment Policy and Objectives (SIPO). Check the SIPO for the specific screening framework used.
How can I invest in the Booster Socially Responsible Balanced Fund?
The Booster Socially Responsible Balanced Fund is available via Booster directly. Always read the current Product Disclosure Statement before investing.
Is 1% a high management fee?
The Booster Socially Responsible Balanced Fund's annual fund charge is 1.33% p.a., which is 0.42 percentage points above the peer-cohort average of 0.91% p.a. for comparable funds. Whether a fee is high depends on the services and investment strategy provided; you can compare this fund's charge against others in the diversified category on managedfunds.nz.
Is Booster KiwiSaver a ethical fund?
The Booster Socially Responsible Balanced Fund applies responsible-investment and ESG screens in accordance with its Statement of Investment Policy and Objectives (SIPO). Whether these screens align with your personal values should be confirmed by reviewing the fund's current PDS and SIPO on the Booster website or the FMA Disclose register.
Is socially responsible investing worth it?
Socially responsible investing involves applying non-financial criteria (such as environmental, social, and governance factors) alongside financial analysis. The trade-offs between responsible-investment screening, returns, and fees vary by fund and investor priorities; the Booster Socially Responsible Balanced Fund's 5-year return after fees was 4% p.a., which you can compare against other funds in the diversified category.
Is there an exit fee for booster KiwiSaver?
You should check the current Product Disclosure Statement (PDS) for the Booster Socially Responsible Balanced Fund and your KiwiSaver scheme account terms, as exit fees and conditions depend on your specific membership and investment choice. Contact Booster directly via https://www.booster.co.nz for the most current information.