Fund-vs-fund · Diversified
ACI Conservative Fund vs Fisher Funds Balanced Strategy 40/60 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 difference in this comparison is the data available for each fund. Fisher Funds Balanced Strategy 40/60 Fund discloses no fee, risk indicator, fund size, growth asset allocation, five-year return, or top holdings in this snapshot — all fields are absent from the sourced Quarterly Fund Update data. ACI Conservative Fund, by contrast, discloses an annual fund charge of 1.50%, a risk indicator of 4 (on the standard 1–7 scale), a fund size of approximately NZD 4.39 million, and a growth asset allocation of 23.37%, which sits at the conservative end of the diversified category.
On portfolio construction, ACI Conservative Fund's disclosed holdings are concentrated in fixed income: Dimensional Global Bond Sustain Trust AUD Class accounts for 42.65% of the portfolio, Dimensional Two Year Sustain Fixed Interest Trust a further 18.77%, and Cash at Bank (BNZ) 8.41%. A modest equity and real estate exposure is visible through Dimensional Global Real Estate Trust NZD Hedged Class (5.07%) and Dimensional Emerging Markets Sustainability Trust AUD (4.37%). Fisher Funds Balanced Strategy 40/60 Fund's name implies a 40% growth / 60% defensive split, but no holdings or allocation data are available in this snapshot to confirm that structure.
Five-year return figures are absent for both funds, so no performance comparison is possible here. Readers should verify all figures — including fees, risk ratings, and portfolio composition — 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
- 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 Balanced Strategy 40/60 Fund
Strategy summary not yet ingested.
Full Fisher Funds Fisher Funds Balanced Strategy 40/60 Fund profile →Common questions
What's the difference between the ACI Conservative Fund and the Fisher Funds Balanced Strategy 40/60 Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
