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
0.83%
vs peer avg 1.10%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 3.77%
Fund size
NZ$11.6m
53% growth · 47% income
The Wealth Balanced Fund is suited to investors who seek 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 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.
Key facts
Fund start date
7 March 2025
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
0.83%
Category median: 0.99%
Cheaper than 68% of peers
Fund size
NZ$11.6m
Category median: NZ$57.5m
22th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$408
Compounded charge over 5 years (excl. returns)
$77 less than peer median
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 |
|---|---|
| NC NZ Cash (BNZ Bank Trust Account) | 3.96% |
 Fisher & Paykel Healthcare Corporation Limited | 2.28% |
 NVIDIA Corp | 1.75% |
 Apple Inc | 1.49% |
| NG NZ Govt Stock 4.5% 15/04/2027 | 1.43% |
 Auckland International Airport Limited | 1.41% |
 Infratil Limited | 1.23% |
 Microsoft Corporation | 1.22% |
 Meridian Energy Limited | 1.01% |
 Amazon.Com Inc | 1.00% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- WEALTH BALANCED FUND (FND56019) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.58 KB
- Booster Investment Scheme Multi Sector Funds PDS 22 January 2026.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.03 MB
- BIS Wealth Balanced Fund Quarterly Fund Update March 2026.pdf The quarterly update published by the provider PDF, 83.46 KB
- Booster Investment Scheme Focus Series Funds PDS 30 April 2025.pdf Additional product disclosure statement from the provider PDF, 540.32 KB
- Booster Investment Scheme Specialist Series Funds PDS 19 09 2016.pdf Additional product disclosure statement from the provider PDF, 158.65 KB
- Booster Investment Scheme Income Fundsand Corporate Bond Fund PDS 30 April 2025.pdf Additional product disclosure statement from the provider PDF, 617.15 KB
- Booster Investment Scheme Income Securities Portfolio PDS 30 April 2025.pdf Additional product disclosure statement from the provider PDF, 205.44 KB
- Booster Investment Scheme Booster Tahi Fund PDS 13 09 2017.pdf Additional product disclosure statement from the provider PDF, 252.81 KB
- Booster Investment Scheme Private Landand Property Portfolio PDS 21 March 2018.pdf Additional product disclosure statement from the provider PDF, 155.11 KB
- Booster Investment Scheme Wealth Series Funds PDS 22 January 2026.pdf Additional product disclosure statement from the provider PDF, 692.48 KB
- Booster Investment Scheme Other Material Information 22 January 2026.pdf The Other Material Information document should be read in conjunction with the PDS. It details additional information an invest
- Approachto Responsible Investing.pdf The Socially Responsible Investment Policy details Booster's philosophy to socially responsible investing. PDF, 131.17 KB
- Bond Watchsummary.pdf This document summarises "BondWatch" which is Booster's credit review process for bond issues which assists Booster in making an informed investment decision where the bond issue
- Valuationof Assets Methodology 25.1.pdf Valuation of Assets Methodology PDF, 220.74 KB
- Booster Investment Scheme SIPO 31 March 2026.pdf Statement of investment policy and objectives PDF, 750.80 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.
See all funds from Booster →Head-to-head
Compare Booster Wealth Balanced Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Diversified 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 Booster Wealth Balanced Fund?
Booster Wealth 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 Wealth 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 Wealth Balanced Fund?
The annual fund charge for the Booster Wealth Balanced Fund is 0.83% 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 Wealth 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 Wealth Balanced Fund a PIE fund?
Yes. The Booster Wealth 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 Wealth Balanced Fund?
Fund size (assets under management) is NZ$12 million as at the latest Quarterly Fund Update. Asset mix is approximately 53% growth assets and 47% income assets.
What does the Booster Wealth Balanced Fund invest in?
The latest published top holdings are: NZ Cash (BNZ Bank Trust Account) (3.96%), Fisher & Paykel Healthcare Corporation Limited (2.28%), NVIDIA Corp (1.75%). 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 Booster Wealth Balanced Fund?
The Booster Wealth Balanced Fund is available via Booster directly. Always read the current Product Disclosure Statement before investing.