Fund-vs-fund · Diversified
ACI Growth 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 structural difference visible in the available data is asset allocation orientation. The ACI Growth Fund discloses a growth asset weighting of 78.48%, placing it firmly toward the aggressive end of the diversified spectrum, while the Fisher Funds Balanced Strategy 40/60 Fund's name implies a 40% growth / 60% income split — though its latest Quarterly Fund Update data is absent from this snapshot, so that split cannot be confirmed from disclosed figures.
On fees, ACI Growth Fund discloses an annual fund charge of 1.61%. Fisher Funds Balanced Strategy 40/60 Fund's fee is not available in this snapshot, making a direct cost comparison impossible. Similarly, neither fund's five-year return figure is available here, so no performance comparison can be drawn.
ACI Growth Fund reports a fund size of approximately NZD 7.66 million and a risk indicator of 4 out of 7, consistent with a growth-tilted diversified fund. Fisher Funds discloses no corresponding figures in this snapshot. ACI's top disclosed holdings include Dimensional Emerging Markets Sustainability Trust (13.3%), Smartshares NZ Core Equity Trust (12.32%), and Dimensional Global Bond Sustain Trust (8.19%), reflecting a mix of passive and factor-based underlying funds alongside direct equity exposure to Apple Inc at 2.74%. No top holdings data is available for the Fisher Funds Balanced Strategy 40/60 Fund in this snapshot.
Both funds sit in the Diversified category on FMA Disclose. Readers should verify all figures, including fees, returns, and current asset allocation, against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any information here.
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 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 Growth 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?
