NZ Funds Wealth Builder - Income Strategy
Managed by NZ Funds 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
1.20%
vs peer avg 0.65%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
0.79%
peer avg 1.17%
Fund size
NZ$20.4m
0% growth · 100% income
The objective of the NZ Funds Wealth Builder - Income Strategy is to generate gains by investing in income assets and other authorised assets with active management. The fund is anticipated to own and trade New Zealand, Australian and international bonds over the minimum suggested timeframe.
Key facts
Fund start date
27 February 2020
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
1.20%
Category median: 0.99%
Mid-pack — cheaper than 28% of peers
5y return p.a. (after fees)
+0.79%
Category median: +3.27%
Lower than most peers (bottom 4% over period)
Fund size
NZ$20.4m
Category median: NZ$57.5m
31th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$586
Compounded charge over 5 years (excl. returns)
$100 more 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 |
|---|---|
 Westpac Bank Bill 2.49% 13/04/2026 | 9.64% |
| Westpac Bank Bill 2.5% 20/04/2026 | 9.08% |
| Westpac Bank Bill 2.54% 30/06/2026 | 7.98% |
 ANZ Bank Ltd 2.999% 17/09/2031 | 5.78% |
| BB BNZ Bank Bill 2.515% 18/06/2026 | 4.52% |
 Bank of New Zealand 5.872% 01/09/2028 | 4.18% |
| Westpac Cash | 4.01% |
| CN Citibank New Zealand Cash | 2.78% |
 Kiwibank 4.93% Perpetual | 2.65% |
| BB BNZ Bank Bill 2.48% 26/05/2026 | 2.47% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- NZ FUNDS WEALTH BUILDER - INCOME STRATEGY (FND16926) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 2.72 KB
- NZ Funds Wealth Builder PDS 30 March 2026.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 500.64 KB
- NZ Funds Wealth Builder Income Strategy Fund Update 31.03.26.pdf The quarterly update published by the provider PDF, 174.15 KB
- NZ Funds Wealth Builder Other Material Information 28 October 2025.pdf NZ Funds WealthBuilder – Other Material Information contains additional information relating to the NZ Funds WealthBuilder and sh
- NZ Funds Managed Portfolio Service Scheme SIPO 28 October 2025.pdf Statement of investment policy and objectives PDF, 798.71 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 NZ Funds
NZ-owned manager offering Wealth Builder strategies, Income Generator, and a series of Global and New Zealand sector portfolios.
See all funds from NZ Funds →Head-to-head
Compare NZ Funds Wealth Builder - Income Strategy 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 NZ Funds Wealth Builder - Income Strategy?
NZ Funds Wealth Builder - Income Strategy is managed by NZ Funds. NZ-owned manager offering Wealth Builder strategies, Income Generator, and a series of Global and New Zealand sector portfolios.
What asset class is the NZ Funds Wealth Builder - Income Strategy?
It is a diversified managed fund. The fund has a income 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 NZ Funds Wealth Builder - Income Strategy?
The annual fund charge for the NZ Funds Wealth Builder - Income Strategy is 1.20% 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 NZ Funds Wealth Builder - Income Strategy?
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 NZ Funds Wealth Builder - Income Strategy a PIE fund?
Yes. The NZ Funds Wealth Builder - Income Strategy 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 NZ Funds Wealth Builder - Income Strategy?
Fund size (assets under management) is NZ$20 million as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the NZ Funds Wealth Builder - Income Strategy invest in?
The latest published top holdings are: Westpac Bank Bill 2.49% 13/04/2026 (9.64%), Westpac Bank Bill 2.5% 20/04/2026 (9.08%), Westpac Bank Bill 2.54% 30/06/2026 (7.98%). 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 NZ Funds Wealth Builder - Income Strategy?
The NZ Funds Wealth Builder - Income Strategy is available via NZ Funds directly. Always read the current Product Disclosure Statement before investing.