Fund-vs-fund · Diversified
ACI Growth Fund vs Harbour Balanced 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: the Harbour Balanced Fund snapshot contains no disclosed figures across any measured dimension — fees, risk indicator, fund size, growth asset allocation, five-year return, or top holdings — making a quantitative comparison impossible on those points. All numerical context in this comparison is drawn solely from the ACI Growth Fund's latest Quarterly Fund Update.
Both funds sit in the Diversified category. The ACI Growth Fund discloses a growth asset allocation of 78.48%, placing it toward the higher end of a typical balanced-to-growth range, and carries a risk indicator of 4 on the standard 1–7 scale. Its annual fund charge is 1.61%. The fund's size is approximately NZD 7.66 million, which is relatively small for a retail managed fund. Its five largest disclosed holdings are Dimensional Emerging Markets Sustainability Trust AUD (13.3%), Smartshares NZ Core Equity Trust (12.32%), Dimensional Global Bond Sustain Trust AUD Class (8.19%), Dimensional Global Real Estate Trust NZD Hedged Class (4.95%), and Apple Inc (2.74%), suggesting a multi-asset, index-and-sustainability-oriented construction. Five-year return data is not available for either fund in this snapshot.
The Harbour Balanced Fund's fee, risk indicator, growth allocation, size, and holdings all remain undisclosed in the data provided here; readers should not infer equivalence or difference on those dimensions.
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
Harbour
—
—
5-year return p.a.
Past performance — not a predictor
ACI
—
—
Harbour
—
—
Fund size
Larger = more stable, lower close-risk
ACI
NZ$8m
Smallest 14% in cohort
Harbour
—
—
| Metric | ACI | Harbour | 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 →
Harbour
Harbour Balanced Fund
Strategy summary not yet ingested.
Full Harbour Harbour Balanced Fund profile →Common questions
What's the difference between the ACI Growth Fund and the Harbour Balanced Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
