Fund-vs-fund · Diversified
ACI Conservative Fund vs Fisher Funds Aggressive 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 here is the depth of available data: the ACI Conservative Fund discloses a 1.50% annual fund charge, a risk indicator of 4 (out of 7), a fund size of approximately NZD 4.39 million, and a growth assets allocation of 23.37%, while the Fisher Funds Aggressive Fund's latest Quarterly Fund Update in this snapshot discloses no fee, no risk indicator, no fund size, and no growth asset split. That asymmetry makes a like-for-like numerical comparison impossible on current data.
What the available figures do reveal is a clear strategic contrast. The ACI Conservative Fund sits at a relatively low growth asset weighting of 23.37%, consistent with a conservative positioning. Its top five holdings are dominated by fixed-interest vehicles — Dimensional Global Bond Sustain Trust AUD Class at 42.65% and Dimensional Two Year Sustain Fixed Interest Trust at 18.77% — alongside 8.41% in BNZ cash. By name alone, the Fisher Funds Aggressive Fund signals a materially higher growth asset orientation, though no holdings data is available in this snapshot to confirm the composition.
The ACI Conservative Fund's five-year return figure is also absent from this snapshot, and no equivalent data is available for Fisher Funds Aggressive Fund either. The ACI fund is a small vehicle at NZD 4.39 million, which may have liquidity and scale implications that differ from larger funds.
Verify all figures against the source Product Disclosure Statement and the 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
- 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
Fisher Funds
—
—
5-year return p.a.
Past performance — not a predictor
ACI
—
—
Fisher Funds
—
—
Fund size
Larger = more stable, lower close-risk
ACI
NZ$4m
Smallest 10% in cohort
Fisher Funds
—
—
| Metric | ACI | Fisher Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.50% | — | Lower is better |
| Risk indicator (1–7) | 4 | — | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$4m | — | Larger = more stable, lower close-risk |
| Growth / income split | 23% / 77% | — | 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 →
Fisher Funds
Fisher Funds Aggressive Fund
Strategy summary not yet ingested.
Full Fisher Funds Fisher Funds Aggressive Fund profile →Common questions
What's the difference between the ACI Conservative Fund and the Fisher Funds Aggressive Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
