Factual snapshot
SBS Wealth — review
Mechanical, source-cited snapshot of SBS Wealth's NZ retail managed-fund range. We don't rate or recommend — see a licensed financial adviser for personalised advice.
- Funds tracked
- 8
- Median annual fee
- 1.10%
- Median FMA risk
- 4/7
- Tracked NZ retail AUM
- $1.15 billion
Universe median 0.84%
Standardised 1–7 scale
Sum of fund sizes (8/8 on file)
About SBS Wealth
SBS Bank-branded retail managed-fund range issued by FundRock NZ; multi-asset strategies plus Australasian / world equity and bond portfolios.
- Legal name
- FundRock NZ Limited
- Headquarters
- Invercargill
- Parent
- SBS Bank
Fee position vs peers
Per-asset-class median annual fund charge for SBS Wealth vs the peer median across all other NZ managers in our coverage. Source: Sorted Smart Investor (FMA Disclose Quarterly Fund Updates).
| Asset class | SBS Wealth funds | SBS Wealth median fee | Peer median (n) | Position |
|---|---|---|---|---|
| Diversified | 4 | 1.10% | 0.99% (63) | priced 11 bps above the peer median (0.99%) |
| Australasian Equities | 1 | 1.20% | 1.00% (57) | priced 20 bps above the peer median (1.00%) |
| International Equities | 1 | 1.18% | 0.60% (80) | priced 58 bps above the peer median (0.60%) |
| NZ Fixed Interest | 1 | 0.78% | 0.60% (13) | priced 18 bps above the peer median (0.60%) |
| International FI | 1 | 0.77% | 0.69% (30) | priced 8 bps above the peer median (0.69%) |
Fee is the headline ongoing cost; strategy mix, hedging, performance fees and net return after fees also matter when comparing options.
Risk profile mix
Distribution of SBS Wealth's 8 funds across the FMA's standardised 1–7 risk indicator. The indicator is calculated from each fund's past five years of unit-price volatility and published on every Quarterly Fund Update.
SBS Wealth's funds
- SBS Wealth Conservative StrategyDiversifiedPIE · capped at PIR (max 28%) conservative0.90% fee 3/7 risk
- SBS Wealth Balanced StrategyDiversifiedPIE · capped at PIR (max 28%) balanced1.03% fee 4/7 risk
- SBS Wealth Growth StrategyDiversifiedPIE · capped at PIR (max 28%) growth1.17% fee 5/7 risk
- SBS Wealth High Growth StrategyDiversifiedPIE · capped at PIR (max 28%) aggressive1.17% fee 5/7 risk
- SBS Wealth Australasian Equity PortfolioAustralasian EquitiesPIE · capped at PIR (max 28%) growth1.20% fee 4/7 risk
- SBS Wealth World Equity PortfolioInternational EquitiesPIE · capped at PIR (max 28%) growth1.18% fee 5/7 risk
- SBS Wealth New Zealand Bond PortfolioNZ Fixed InterestPIE · capped at PIR (max 28%) conservative0.78% fee 3/7 risk
- SBS Wealth World Bond PortfolioInternational FIPIE · capped at PIR (max 28%) conservative0.77% fee 3/7 risk
Track record vs each fund's own market index
Each fund's Quarterly Fund Update reports its after-fee return next to the market index the manager itself nominated. This table counts, per fund, the years the fund's return exceeded that index. Mechanical count of disclosed figures — past performance is not a reliable indicator of future returns.
| Fund | Years above index | Years measured | Since inception (fund) | Since inception (index) | Data to |
|---|---|---|---|---|---|
| SBS Wealth Australasian Equity Portfolio | 2 | 11 | 8.59% | 10.57% | 31 March 2026 |
| SBS Wealth New Zealand Bond Portfolio | 2 | 11 | 1.57% | 3.09% | 31 March 2026 |
| SBS Wealth World Bond Portfolio | 2 | 11 | 1.87% | 3.41% | 31 March 2026 |
| SBS Wealth World Equity Portfolio | 0 | 11 | 9.13% | 11.36% | 31 March 2026 |
Source: each fund's QFU / FMA consolidated fund-update data. "Data to" links the underlying document. Full cross-manager view: fund-vs-index consistency.
Questions about SBS Wealth
Is SBS Wealth a good fund manager?
Whether SBS Wealth suits any individual investor depends on the investor's goals, time horizon, risk tolerance, and how the fund fits an existing portfolio — factors that vary by individual. On this site we surface mechanical, comparable data points: SBS Wealth runs 8 retail managed funds in our coverage, with a median annual fund charge of 1.10% across that range (vs the NZ universe median of 0.84%), and a median FMA risk indicator of 4 out of 7. For personalised guidance, see a licensed financial adviser.
What does SBS Wealth charge?
SBS Wealth's 8 funds in our coverage carry a median annual fund charge of 1.10% (range 0.77% – 1.20%). The annual fund charge is the headline ongoing cost disclosed on every Quarterly Fund Update on the FMA Disclose register. Cross-validate via the per-fund pages, which link to source documents.
How big is SBS Wealth?
Across the 8 funds with on-file fund-size data, SBS Wealth's tracked NZ retail AUM totals NZD 1.15 billion. This is the sum of fund sizes disclosed in each fund's most recent Quarterly Fund Update on FMA Disclose and excludes KiwiSaver, wholesale and Australian-domiciled assets. SBS Wealth may manage materially larger assets in those categories.
Where is SBS Wealth based?
SBS Wealth (legal name: FundRock NZ Limited) is headquartered in Invercargill, part of SBS Bank. SBS Wealth is the retail managed-fund range of SBS Bank (Southland Building Society); funds are issued by FundRock NZ.
What kind of funds does SBS Wealth run?
SBS Wealth's range of 8 funds in our coverage is weighted toward diversified (4 funds). The range also includes 1 australasian equities fund and 1 international equities fund. See the full list at /providers/sbs-wealth/.
Other managers running diversified funds
How we built this snapshot
Fund counts and category mix are from src/data/funds.ts (Range of Funds reconciled to the InvestNow + Sharesies + manager-direct universe). Annual fund charge, FMA risk indicator, five-year return and fund size are extracted from each fund's Quarterly Fund Update via Sorted Smart Investor (a Te Ara Ahunga Ora / Retirement Commission service that mirrors the FMA Disclose register). Cross-validate via each per-fund page, which links to the source PDS and Fund Update on FMA Disclose.
ManagedFundsNZ provides information only, not personalised financial advice. For advice, see a licensed financial adviser.