Booster Wealth Geared Growth Fund
Managed by Booster Booster Wealth Geared Growth Fund is a diversified managed fund operated by Booster; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 1.35% · minimum investment NZ$500 · distributions no distributions (accumulating). Compared with 66 other same-category funds on this site, the 1.35% 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 our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
1.35%
vs peer avg 0.91%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 4.91%
Fund size
NZ$2.7m
98% growth · 2% income
To provide higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs, whilst excluding investments which do not satisfy certain responsible investment criteria. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, and the use of leverage to provide increased exposure, and the application of our Approach to Responsible Investing policy. The level of gearing can vary between 0-50% of the fund's value.
How Booster Wealth Geared Growth Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Top 3 holdings
- Fisher & Paykel Healthcare Corporation Limited (4.3%) · NVIDIA Corp (3.8%) · Apple Inc (3.2%)
- Currency policy
- All International Fixed Interest is to be fully hedged back into New Zealand Dollars at all times, subject to a permitted rebalancing range of +/-5%. For multi-sector funds, international equity total foreign currency ex…
Key facts
Fund start date
7 March 2025
Min. investment
NZ$500
Subsequent: NZ$10
Distributions
No distributions (accumulating)
Tax structure
PIE
Capped at your PIR (max 28%)
Performance fee
From the Product Disclosure Statement.
Performance fee paid (last published): 0.01%
A performance fee is payable to us, as manager of BIF, where the BIF's return is in excess of 10% p.a. which approximates the 30 year New Zealand equity market return. The fee is only payable for returns in excess of the hurdle rate after any prior year losses have been covered. 20% of the return above the hurdle rate is payable as a performance fee.
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International Equities | 60% | 35% | 80% |
| Australasian Equities | 29% | 10% | 50% |
| Listed Property | 5% | 0% | 15% |
| Unlisted Property | 5% | 0% | 13% |
| New Zealand Fixed Interest | 0% | 0% | 15% |
| International Fixed Interest | 0% | 0% | 15% |
| Cash & Cash Equivalents | 1% | 0% | 20% |
| Commodities | 0% | 0% | 6% |
| Total Growth | 99% | 70% | 100% |
| Total Income | 1% | 0% | 30% |
| Gearing Ratio | 35% | 0% | 50% |
Responsible-investment approach
ESG factors are considered in investment decision-making for directly managed listed shares and listed property, integrated with financial and portfolio considerations. Socially Responsible and Wealth Series funds exclude investments in companies generating more than an incidental proportion of revenue from specified activities including fossil fuels, tobacco, gambling, weapons manufacturing, and others listed in the Responsible Investment Criteria.
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. Permitted instruments include OTC or exchange-traded futures, forward foreign exchange contracts, OTC or exchange-traded options, and OTC FRAs, swaps or other derivative instruments; OTC counterparties must have a Standard and Poor's 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 when Scheme funds invest into Booster-managed funds such as Booster Tahi LP or the Booster Innovation Fund, investors bear a proportionate share of those funds' performance fees on top of any fund-level fees.
- Booster's related company BCAS charges the Scheme up to 0.50% of net foreign exchange transactions as a facilitation fee, and Booster acknowledges this creates an incentive to increase foreign exchange activity.
- Booster discloses that under the ISP Swap Agreement it sets investor Posted Rates and keeps all income earned above those rates as its performance fee, with no maximum limit and no high-water mark protection for investors.
- Booster acknowledges that shared directors and contractual links with related parties, including ultimate parent Booster Financial Services Limited, create a risk that investment decisions may favour related parties over the Scheme's investors.
Generated 2026-05-28 from Booster Investment Scheme OMI (dated 2026-01-21). 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 Investments) Nominees Limited
Conflicts disclosed
5
In OMI
Conflicts of interest disclosed in OMI
- Booster as Manager invests Scheme funds into other funds it manages or into loans made to those funds, giving Booster an incentive to favour recipient funds or itself over the Scheme's investors.
- Booster earns fees linked to certain fund management activities (e.g. foreign exchange facilitation fee, borrowing fee for geared funds), which could influence it to increase such activities to earn more fees.
- Under the ISP Swap Agreement, Booster sets the Posted Rates, makes investment decisions for the ISP, and receives income earned above the Posted Rates as a performance-based fee, creating a risk that investment decisions are influenced by the Swap Agreement.
- Related parties may exert influence over Booster (e.g. through shared directors or contractual links), creating a risk that investment decisions are made to achieve objectives that differ from the relevant fund's objectives.
- Contractual arrangements between related parties create a risk that investment decisions may favour the related party to the detriment of one or more of the Scheme's funds, or that the related party may not meet its obligations due to the close association of the parties.
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
1.35%
Category median: 0.99%
Pricier than most peers (top 85% by fee)
Fund size
NZ$2.7m
Category median: NZ$57.5m
4th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$657
Compounded charge over 5 years (excl. returns)
$172 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.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
 Fisher & Paykel Healthcare Corporation Limited | 4.25% |
 NVIDIA Corp | 3.77% |
 Apple Inc | 3.22% |
 Auckland International Airport Limited | 2.64% |
 Microsoft Corporation | 2.63% |
| NC NZ Cash (BNZ Bank Trust Account) | 2.38% |
 Infratil Limited | 2.29% |
 Amazon.Com Inc | 2.16% |
 Alphabet Inc (Class C) | 1.99% |
 Meridian Energy Limited | 1.89% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- WEALTH GEARED GROWTH FUND (FND56022) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.90 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 Geared Growth Fund Quarterly Fund Update March 2026.pdf The quarterly update published by the provider PDF, 86.42 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 →Common questions
Questions people ask about Booster Wealth Geared 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 the interest rate for booster?
Booster Wealth Geared Growth Fund is not an interest-bearing savings product; it is a managed fund investing in growth and income assets. The fund charges an annual fund charge of 1.35% p.a. for management and administration. For details on the fund's income distribution policy, refer to the current Product Disclosure Statement at https://www.booster.co.nz.
Head-to-head
Compare Booster Wealth Geared Growth 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 Balanced FundDiversified
- Booster Socially Responsible Growth 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 Booster Wealth Geared Growth Fund?
Booster Wealth Geared Growth 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 Geared 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 Booster Wealth Geared Growth Fund?
The annual fund charge for the Booster Wealth Geared Growth Fund is 1.35% 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 Geared 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 Booster Wealth Geared Growth Fund a PIE fund?
Yes. The Booster Wealth Geared 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 Booster Wealth Geared Growth Fund?
Fund size (assets under management) is NZ$3 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Booster Wealth Geared Growth Fund invest in?
The latest published top holdings are: Fisher & Paykel Healthcare Corporation Limited (4.25%), NVIDIA Corp (3.77%), Apple Inc (3.22%). 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 Geared Growth Fund?
The Booster Wealth Geared Growth Fund is available via Booster directly. Always read the current Product Disclosure Statement before investing.
What is the interest rate for booster?
Booster Wealth Geared Growth Fund is not an interest-bearing savings product; it is a managed fund investing in growth and income assets. The fund charges an annual fund charge of 1.35% p.a. for management and administration. For details on the fund's income distribution policy, refer to the current Product Disclosure Statement at https://www.booster.co.nz.