Fund-vs-fund · Diversified
ACI Growth FundvsSBS Wealth Growth Strategy
ACI Growth Fund (fund size NZ$7.7 million, annual fund charge 1.61%) and SBS Wealth Growth Strategy (fund size NZ$9.2 million, annual fund charge 1.13%) are both diversified managed funds, as shown on Sorted Smart Investor on 22 May 2026 and 12 October 2026 respectively; for the year to 31 March 2026 their 1-year returns after fees and tax were 12.42% and 8.90%, per their quarterly fund updates filed on FMA Disclose.
What's different at a glance
- SBS Wealth Growth Strategy charges 0.48% lower in annual fund charges (1.13% vs 1.61%).
- 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 68 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
SBS Wealth
1.13%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
ACI
—
—
SBS Wealth
—
—
Fund size
Larger = more stable, lower close-risk
ACI
NZ$8m
Smallest 17% in cohort
SBS Wealth
NZ$9m
Smallest 20% in cohort
| Metric | ACI | SBS Wealth | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.61% | 1.13% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$8m | NZ$9m | Larger = more stable, lower close-risk |
| Growth / income split | 78% / 22% | 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. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
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 →
SBS Wealth
SBS Wealth Growth Strategy
The Strategy aims to achieve high capital Growth and returns over the long term. The Strategy invests into the following SBS Wealth funds: 60% into the World Equity Portfolio; 20% into the Australasian Equity Portfolio; 12% into the World Bond Portfolio; and 8% into the New Zealand Bond Portfolio.Full SBS Wealth SBS Wealth Growth Strategy profile →
Common questions
What's the difference between the ACI Growth Fund and the SBS Wealth Growth Strategy?
Which fund has lower fees, ACI Growth Fund or SBS Wealth Growth Strategy?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
