Fund-vs-fund · Diversified
ACI Conservative FundvsBooster Wealth High Growth Fund
ACI Conservative Fund (fund size NZ$4.4 million, annual fund charge 1.50%) and Booster Wealth High Growth Fund (fund size NZ$3.7 million, annual fund charge 0.96%) are both diversified managed funds, as shown on Sorted Smart Investor on 22 May 2026; for the year to 31 March 2026 their 1-year returns after fees and tax were 4.81% and 5.31%, per their quarterly fund updates filed on FMA Disclose.
How much do these two overlap?
They hold 183 of the same securities. If you held both, roughly 7.2% of your money would be in the same companies — so the diversification you get from holding the pair is smaller than holding two funds suggests.
| Shared holding | ACI Conservative | Booster Wealth | Min weight |
|---|---|---|---|
| Apple | 0.81% | 2.62% | 0.81% |
| Nvidia | 0.80% | 3.07% | 0.80% |
| Meta Platforms | 0.33% | 0.96% | 0.33% |
| Amazon.com | 0.32% | 1.76% | 0.32% |
| Alphabet | 0.30% | 2.66% | 0.30% |
| Microsoft | 0.27% | 2.14% | 0.27% |
| Broadcom | 0.18% | 0.96% | 0.18% |
| Visa | 0.12% | 0.83% | 0.12% |
| Johnson & Johnson | 0.09% | 0.58% | 0.09% |
| CATERPILLAR INC | 0.08% | 0.25% | 0.08% |
Min weight is the smaller of the two weightings — if you hold both funds, that is the floor of your exposure to that position. Direct holdings only: anything either fund holds through an underlying fund or ETF is not counted, so the real overlap can only be higher. From each fund's FMA Disclose full portfolio filing.
Why these two differ
The most material structural difference between these two funds is their allocation to growth assets. The ACI Conservative Fund holds 23.37% in growth assets, consistent with its conservative mandate and its FMA risk indicator of 4 (out of 7). The Booster Wealth High Growth Fund allocates 98.31% to growth assets, carrying a risk indicator of 5, reflecting meaningfully higher exposure to market volatility. Both funds sit in the Diversified category, but their risk-return profiles are substantially different in practice.
Portfolio construction diverges accordingly. ACI's five largest holdings are all pooled fixed-income or property trusts managed by Dimensional, with the Dimensional Global Bond Sustain Trust AUD Class alone comprising 42.65% of the fund. Booster's top positions are direct equities — Fisher & Paykel Healthcare (3.43%), NVIDIA (3.07%), Apple (2.62%), Microsoft (2.14%), and Auckland International Airport (2.13%) — with no single holding exceeding 3.5%, suggesting broader stock-level diversification within that growth-heavy stance.
On fees, Booster discloses an annual fund charge of 0.96% versus ACI's 1.50%, a 54-basis-point difference that compounds over time. Fund size is comparable: ACI at NZD 4,388,277 and Booster at NZD 3,717,054. Neither fund discloses a five-year return figure in this snapshot, so historical performance cannot be compared here.
Neither fund is registered as a KiwiSaver scheme account offering in this data; verify scheme type before assuming eligibility. Readers should confirm all figures against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
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 68 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 13% in cohort
Booster
NZ$4m
Smallest 11% 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 | Direct | Direct | Platforms accepting retail subscriptions. |
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?
