Fund-vs-fund · Diversified
ACI Conservative Fund vs Booster Wealth High Growth Fund
Both are Diversified funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
Why these two differ
The most material structural difference between these two funds is their asset allocation. The ACI Conservative Fund holds 22.72% in growth assets, positioning it at the defensive end of the diversified spectrum, while the Booster Wealth High Growth Fund sits at 98.31% growth assets — an almost entirely growth-oriented portfolio. This difference is reflected in their respective risk indicators: ACI registers a 4 on the FMA's 1–7 scale, Booster a 5, meaning Booster carries meaningfully higher expected return volatility.
Portfolio construction also diverges sharply. ACI builds exposure through Dimensional fund-of-funds vehicles, with its two largest holdings being the Dimensional Global Bond Sustain Trust AUD Class (42.65%) and the Dimensional Two Year Sustain Fixed Interest Trust (18.77%), alongside 8.41% in BNZ cash. Booster, by contrast, holds direct equities as its top positions — Fisher & Paykel Healthcare (3.43%), NVIDIA (3.07%), Apple (2.62%), Microsoft (2.14%), and Auckland International Airport (2.13%) — suggesting a more granular, stock-level approach with no single position dominating.
On fees, ACI charges 1.50% per annum versus Booster's 0.96%, a 54-basis-point gap that compounds over time. Fund sizes are comparable — ACI at approximately NZD 4.39 million and Booster at approximately NZD 3.72 million. Neither fund discloses a five-year return figure in this snapshot, so historical performance cannot be compared here.
Verify all figures against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on this summary.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
What's different at a glance
- Booster Wealth High Growth Fund charges 0.54% lower in annual fund charges (0.96% vs 1.50%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where each fund sits in its cohort
Percentile rank vs all 67 diversified funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
ACI
1.50%
Highest 7% of cohort
Booster
0.96%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
ACI
—
—
Booster
—
—
Fund size
Larger = more stable, lower close-risk
ACI
NZ$4m
Smallest 10% in cohort
Booster
NZ$4m
Smallest 8% in cohort
| Metric | ACI | Booster | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.50% | 0.96% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$4m | NZ$4m | Larger = more stable, lower close-risk |
| Growth / income split | 23% / 77% | 98% / 2% | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | — | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | InvestNow | Direct | Platforms accepting retail subscriptions. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
Matching holdings
4
of each fund's top 10
ACI weight in shared
10.3%
of ACI Conservative Fund top 10 is shared
Booster weight in shared
9.5%
of Booster Wealth High Growth Fund top 10 is shared
| Holding | ACI | Booster |
|---|---|---|
| $ Cash at Bank (BNZ) NZ | 8.41% | 2.06% |
 Apple Inc US | 0.81% | 2.62% |
 Nvidia Corp US | 0.80% | 3.07% |
 Amazon Com Inc US | 0.32% | 1.76% |
"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.
What each fund says it does
ACI
ACI Conservative Fund
Exposure to asset classes is achieved by primarily investing in DFA Australia Limited (Dimensional) funds, utilising their Sustainability Trusts where available. The allocations include a bias towards international diversification. Certian underlying Dimensional funds have an increased exposure to shares in small companies, value companies and companies with higher profitability with the objective of benefitting from a premium return from these companies over time. Such premiums are not always present year on year, which can drive shorter term differences in retuFull ACI ACI Conservative Fund profile →
Booster
Booster Wealth High Growth Fund
The Wealth High Growth Fund is suited to investors who seek potentially higher returns on average over long term periods (ten years plus), allowing for 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 application of our Approach to Responsible Investing policy.Full Booster Booster Wealth High Growth Fund profile →
Common questions
What's the difference between the ACI Conservative Fund and the Booster Wealth High Growth Fund?
Which fund has lower fees, ACI Conservative Fund or Booster Wealth High Growth Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
