SBS Wealth High Growth Strategy
Managed by SBS Wealth 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
1.17%
vs peer avg 0.85%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
7.39%
peer avg 5.65%
Fund size
NZ$476.9m
98% growth · 2% income
The fund aims to provide investors with capital growth over the long-term, by investing primarily in a broad spread of Australasian and international equities, with a small amount held in cash.
Key facts
Fund start date
14 October 2015
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
1.17%
Category median: 0.99%
Mid-pack — cheaper than 32% of peers
5y return p.a. (after fees)
+7.39%
Category median: +3.27%
Higher than 95% of peers
Fund size
NZ$476.9m
Category median: NZ$57.5m
Top 19% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$571
Compounded charge over 5 years (excl. returns)
$86 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 |
|---|---|
| DG Dimensional Global Sustainability PIE Fund (NZD Hedged) | 36.68% |
| SG Schroder Global Emerging Markets Fund | 5.91% |
| DA Dimensional Australian Sustainability PIE Fund | 4.88% |
| MG Munro Global Growth Climate Leaders PIE Fund | 3.36% |
| KG Kernel Global Infrastructure (NZD Hedged) Fund | 3.17% |
| $ Cash Deposit (ANZ Bank) | 2.17% |
 Fisher & Paykel Healthcare Ltd | 1.80% |
 Nvidia Corp | 1.66% |
 Contact Energy Ltd | 1.57% |
 Infratil Ltd | 1.57% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- SBS Wealth Kiwi Saver Scheme Product Disclosure Statement 112025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 411.36 KB
- FUND UPDATE High Growth Fund 31032026 .pdf The quarterly update published by the provider PDF, 268.04 KB
- SBS Wealth Kiwi Saver Scheme Other Material Information 112025.pdf SBS Wealth KiwiSaver Scheme Other Material Information (OMI) PDF, 370.99 KB
- SBS Wealth Kiwi Saver Scheme SIPO 112025.pdf SBS Wealth KiwiSaver Scheme Statement of Investment Policy & Objectives (SIPO) PDF, 387.21 KB
- Deedof Amendment Lifestages Kiwi Saver Scheme 02092024.pdf Lifestages KiwiSaver Scheme Trust Deed Amendment PDF, 553.53 KB
- SBS Wealth Liquidity Risk Management Policy 2024.pdf SBS Wealth Liquidity Risk Management Policy 2024 PDF, 1.69 MB
- SBS Wealth Kiwi Saver Scheme SIPO 112025.pdf Statement of investment policy and objectives PDF, 387.21 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 SBS Wealth
SBS Bank-branded retail managed-fund range issued by FundRock NZ; multi-asset strategies plus Australasian / world equity and bond portfolios.
Parent: SBS Bank
See all funds from SBS Wealth →Head-to-head
Compare SBS Wealth High Growth Strategy with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Diversified funds
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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 SBS Wealth High Growth Strategy?
SBS Wealth High Growth Strategy is managed by SBS Wealth (parent: SBS Bank). SBS Bank-branded retail managed-fund range issued by FundRock NZ; multi-asset strategies plus Australasian / world equity and bond portfolios.
What asset class is the SBS Wealth High Growth Strategy?
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 SBS Wealth High Growth Strategy?
The annual fund charge for the SBS Wealth High Growth Strategy is 1.17% 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 SBS Wealth High Growth Strategy?
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 SBS Wealth High Growth Strategy a PIE fund?
Yes. The SBS Wealth High Growth 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 SBS Wealth High Growth Strategy?
Fund size (assets under management) is NZ$477 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the SBS Wealth High Growth Strategy invest in?
The latest published top holdings are: Dimensional Global Sustainability PIE Fund (NZD Hedged) (36.68%), Schroder Global Emerging Markets Fund (5.91%), Dimensional Australian Sustainability PIE Fund (4.88%). 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 SBS Wealth High Growth Strategy?
The SBS Wealth High Growth Strategy is available via SBS Wealth directly. Always read the current Product Disclosure Statement before investing.