Fund-vs-fund · Diversified
ACI Growth 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 data availability: Fisher Funds Aggressive Fund's latest Quarterly Fund Update is not reflected in our snapshot, meaning its fee, risk indicator, fund size, growth asset allocation, five-year return, and holdings are all absent from this comparison. Every figure cited below therefore comes exclusively from ACI's disclosed data, and readers should weight the comparison accordingly.
On the ACI Growth Fund side, the fund discloses an annual fund charge of 1.61%, a risk indicator of 4 out of 7, and a fund size of approximately NZD 7.66 million — a relatively small pool. Growth assets comprise 78.48% of the portfolio, consistent with a growth-tilted diversified mandate. The top holdings are dominated by fund-of-funds style exposures: Dimensional Emerging Markets Sustainability Trust (13.3%) and Smartshares NZ Core Equity Trust (12.32%) together account for over a quarter of the portfolio, with a Dimensional global bond trust (8.19%) providing the main income-asset exposure. A small direct equity position in Apple Inc (2.74%) also appears. Five-year return data for the ACI Growth Fund is not available in this snapshot.
Because Fisher Funds Aggressive Fund data is entirely absent from our current snapshot, no meaningful fee, return, size, allocation, or holdings comparison between the two funds can be made at this time. Both are categorised as Diversified.
Verify 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
- 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
1.61%
Highest 4% 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$8m
Smallest 14% in cohort
Fisher Funds
—
—
| Metric | ACI | Fisher Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.61% | — | 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$8m | — | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | — | 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 Growth Fund
The Fund invests predominantly in growth assets such as New Zealand, Australian, international shares and property but includes some income assets. The allocations include a bias towards international diversification, and exposure to these asset classes is achieved by primarily investing in DFA Australia Limited (Dimensional) funds, utilising their Sustainability Trusts where available. Certain underlying Dimensional funds have an increased exposure to shares in small companies, value companies and companies with higher profitability with the objective of benefittFull ACI ACI Growth 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 Growth Fund and the Fisher Funds Aggressive Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
