Fund-vs-fund · Diversified
ACI Growth Fund vs Fisher Funds Balanced Strategy 45/55 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 informational: Fisher Funds Balanced Strategy 45/55 Fund returns no disclosed data in this snapshot — fee, risk indicator, fund size, growth asset allocation, and top holdings are all absent — making a like-for-like comparison impossible on most dimensions. Readers should treat what follows as a one-sided profile of ACI Growth Fund set against a named-but-undescribed counterpart.
On the data available, ACI Growth Fund carries a risk indicator of 4 (on the standard 1–7 FMA scale) and allocates 78.48% to growth assets, suggesting a tilt toward higher-risk exposures despite the "Growth" label sitting within the broader Diversified category. Its annual fund charge is 1.61%. The fund is relatively small at NZD 7,663,019. Its five disclosed top holdings span emerging markets equity (Dimensional Emerging Markets Sustainability Trust AUD, 13.3%), New Zealand equity (Smartshares NZ Core Equity Trust, 12.32%), global fixed income (Dimensional Global Bond Sustain Trust, 8.19%), global real estate (Dimensional Global Real Estate Trust NZD Hedged Class, 4.95%), and a direct equity position in Apple Inc (2.74%), indicating a mix of index-oriented vehicles alongside single-stock exposure.
Fisher Funds Balanced Strategy 45/55 Fund's name implies a roughly 45% growth / 55% income split, which would place its growth allocation materially below ACI's 78.48% — but no QFU data in this snapshot confirms that inference. No fee, risk indicator, or fund size is disclosed for Fund A here.
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 Balanced Strategy 45/55 Fund
Strategy summary not yet ingested.
Full Fisher Funds Fisher Funds Balanced Strategy 45/55 Fund profile →Common questions
What's the difference between the ACI Growth Fund and the Fisher Funds Balanced Strategy 45/55 Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
