Fund-vs-fund · Diversified
ACI Growth Fund vs Harbour Growth 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 in this comparison is the near-total absence of disclosed data for the Harbour Growth Fund. Every key data point — annual fund charge, risk indicator, fund size, growth asset allocation, five-year return, and top holdings — is absent from the snapshot available to this comparison. The ACI Growth Fund, by contrast, discloses an annual fund charge of 1.61%, a risk indicator of 4 on the standard 1–7 scale, a fund size of approximately NZD 7.66 million, and a growth asset allocation of 78.48%. Five-year return figures are unavailable for both funds in this snapshot.
On portfolio construction, the ACI Growth Fund's top disclosed holdings include Dimensional Emerging Markets Sustainability Trust AUD (13.3%), Smartshares NZ Core Equity Trust (12.32%), and Dimensional Global Bond Sustain Trust AUD Class (8.19%), suggesting a fund-of-funds approach blending passive and sustainability-tilted strategies across global and domestic markets. No equivalent holdings data exists for the Harbour Growth Fund in the current dataset, so no structural comparison of portfolio composition is possible.
Both funds sit in the Diversified category, but because Harbour Growth Fund's disclosures are entirely absent here, readers cannot make a meaningful like-for-like assessment on fees, risk profile, or asset mix from this snapshot alone.
Verify all figures — including any updates to Harbour Growth Fund's disclosures — 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 Growth Fund
Strategy summary not yet ingested.
Full Harbour Harbour Growth Fund profile →Common questions
What's the difference between the ACI Growth Fund and the Harbour Growth Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
