Booster Wealth Moderate Fund
Managed by Booster Booster Wealth Moderate Fund is a diversified managed fund operated by Booster; PIE-structured; FMA risk indicator 3/7. Headline terms: annual fund charge 0.57% · minimum investment NZ$1,000 · distributions no distributions (accumulating). Compared with 66 other same-category funds on this site, the 0.57% annual fund charge sits below 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
0.74%
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$2.8m
53% growth · 47% income
To provide moderate returns on average over medium term periods (three years plus), allowing for some shorter-term ups and downs. We aim to achieve this by investing mainly in income assets, while including a moderate allocation of growth assets. We utilise a mainly passive approach for the Focus Series.
How Booster Wealth Moderate Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Top 3 holdings
- NZ Cash (BNZ Bank Trust Account) (6.0%) · BNZ Bank Bill 28/04/2026 (2.0%) · NZ Govt Stock 4.5% 15/04/2027 (1.8%)
- 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$1,000
Subsequent: NZ$500
Distributions
No distributions (accumulating)
Tax structure
PIE
Capped at your PIR (max 28%)
Performance fee
From the Product Disclosure Statement.
Tahi: performance fee payable where total return over financial year ended 31 March is more than 5% above the New Zealand 90-day bank bill rate; 33% of excess income return payable in cash, 10% of excess capital gains payable in bonus units, subject to high-water mark. BIF: 20% of return above 10% p.a. hurdle rate, subject to high-water mark.
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International Equities | 21% | 10% | 30% |
| Australasian Equities | 13% | 0% | 25% |
| Listed Property | 3% | 0% | 7% |
| Unlisted Property | 3% | 0% | 6% |
| New Zealand Fixed Interest | 23% | 0% | 50% |
| International Fixed Interest | 17% | 5% | 40% |
| Cash & Cash Equivalents | 20% | 0% | 40% |
| Commodities | 0% | 0% | 3% |
| Total Growth | 40% | 20% | 50% |
| Total Income | 60% | 50% | 80% |
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.
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
0.74%
Category median: 0.99%
Cheaper than 77% of peers
Fund size
NZ$2.8m
Category median: NZ$57.5m
5th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$365
Compounded charge over 5 years (excl. returns)
$121 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 |
|---|---|
| NC NZ Cash (BNZ Bank Trust Account) | 5.98% |
| BB BNZ Bank Bill 28/04/2026 | 1.97% |
| NG NZ Govt Stock 4.5% 15/04/2027 | 1.75% |
 Fisher & Paykel Healthcare Corporation Limited | 1.57% |
| NG NZ Govt Stock 3.50% 14/04/2033 | 1.20% |
 Westpac Treasury - TD 08 Jul 2026 @ 2.997 | 1.20% |
| NG NZ Govt Stock 0.50% 15/05/2026 | 1.16% |
 NVIDIA Corp | 1.06% |
 Infratil Infrastructure Bonds 7.06% 17/12/2031 | 1.05% |
| Westpac Treasury - TD 23 Apr 2026 @ 3.466 | 1.02% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- WEALTH MODERATE FUND (FND56018) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 2.05 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 Moderate Fund Quarterly Fund Update March 2026.pdf The quarterly update published by the provider PDF, 83.73 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 Moderate 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.
Is 0.25% a high management fee?
The Booster Wealth Moderate Fund charges 0.74% p.a., which is below the peer-cohort average annual fund charge of 1.1% p.a. for comparable diversified funds. Whether a specific fee level is high or low depends on the fund's strategy, asset mix, and service offering; you can compare fees across funds in our database or review the latest Product Disclosure Statement on the manager's website.
Is a 7% return realistic?
The Booster Wealth Moderate Fund holds approximately 53.15% growth assets and 46.85% income assets, which influences potential returns; however, the FMA requires that funds do not make forward-looking return claims. Past performance is not a reliable indicator of future results. Review the fund's latest Product Disclosure Statement and quarterly fund update on FMA Disclose for historical performance data.
Is booster a good KiwiSaver scheme?
Booster offers a KiwiSaver® scheme product separately from the Booster Wealth Moderate Fund discussed here. To assess whether a KiwiSaver scheme account is suitable for your circumstances, compare fees, investment options, and features across available schemes using the KiwiSaver Scheme finder tool, or consult the IRD website for KiwiSaver rules and requirements.
Head-to-head
Compare Booster Wealth Moderate 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 (3/7)
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 Moderate Fund?
Booster Wealth Moderate 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 Moderate Fund?
It is a diversified managed fund. The fund has a conservative 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 Moderate Fund?
The annual fund charge for the Booster Wealth Moderate Fund is 0.74% 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 Moderate 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 Moderate Fund a PIE fund?
Yes. The Booster Wealth Moderate 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 Moderate Fund?
Fund size (assets under management) is NZ$3 million as at the latest Quarterly Fund Update. Asset mix is approximately 53% growth assets and 47% income assets.
What does the Booster Wealth Moderate Fund invest in?
The latest published top holdings are: NZ Cash (BNZ Bank Trust Account) (5.98%), BNZ Bank Bill 28/04/2026 (1.97%), NZ Govt Stock 4.5% 15/04/2027 (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 Moderate Fund?
The Booster Wealth Moderate Fund is available via Booster directly. Always read the current Product Disclosure Statement before investing.
Is 0.25% a high management fee?
The Booster Wealth Moderate Fund charges 0.74% p.a., which is below the peer-cohort average annual fund charge of 1.1% p.a. for comparable diversified funds. Whether a specific fee level is high or low depends on the fund's strategy, asset mix, and service offering; you can compare fees across funds in our database or review the latest Product Disclosure Statement on the manager's website.
Is a 7% return realistic?
The Booster Wealth Moderate Fund holds approximately 53.15% growth assets and 46.85% income assets, which influences potential returns; however, the FMA requires that funds do not make forward-looking return claims. Past performance is not a reliable indicator of future results. Review the fund's latest Product Disclosure Statement and quarterly fund update on FMA Disclose for historical performance data.
Is booster a good KiwiSaver scheme?
Booster offers a KiwiSaver® scheme product separately from the Booster Wealth Moderate Fund discussed here. To assess whether a KiwiSaver scheme account is suitable for your circumstances, compare fees, investment options, and features across available schemes using the KiwiSaver Scheme finder tool, or consult the IRD website for KiwiSaver rules and requirements.