{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/aci/growth/", "fetchedAt": "2026-06-20T08:25:17.131Z", "fund": { "slug": "growth", "name": "ACI Growth Fund", "managerSlug": "aci", "category": "diversified", "riskProfile": "growth", "isPie": true, "isEtf": null, "ticker": null, "isHedged": null, "isResponsibleInvestment": null, "isThematic": null, "isFifNotPie": null, "shortDescription": null, "availableVia": [ "direct" ], "dataStatus": "pending-ingestion" }, "manager": { "slug": "aci", "name": "ACI", "legalName": null, "parent": null, "website": null, "hq": null }, "category": { "slug": "diversified", "name": "Diversified Funds", "shortName": "Diversified" }, "metrics": { "status": "ok", "matchScore": 3, "sortedFundName": "ACI GROWTH FUND", "sortedManager": "FUNDROCK NZ LIMITED fundrock.com", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13499/OFR13507/FND43019/", "fetchedAt": "2026-05-22T02:42:20.496Z", "source_doc": "sorted/SCH13499/OFR13507/FND43019", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13499/OFR13507/FND43019/", "source_tier": "C", "riskIndicator": 4, "annualFundChargePct": 1.61, "peerAvgFeePct": 1.29, "fiveYearReturnPct": null, "peerAvg5YearReturnPct": 4.31, "fiveYearReturnNote": "Less than 5 years of data", "growthAssetsPct": 78.48, "incomeAssetsPct": 21.52, "fundSizeNzd": 7663019, "pdsUrl": "/disclose-document/mdo31d8d22e0ce16ee13d248904064e9fe7/20251127-ACI-Funds-PDS.pdf", "strategySummary": "“\n 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 benefitt", "topHoldings": [ { "asset": "Dimensional Emerging Markets Sustainability Trust AUD", "assetClass": "Shares", "type": "International Equities", "country": "AU", "weightPct": 13.3 }, { "asset": "Smartshares NZ Core Equity Trust", "assetClass": "Shares", "type": "Australasian Equities", "country": "NZ", "weightPct": 12.32 }, { "asset": "Dimensional Global Bond Sustain Trust Aud Class", "assetClass": "Bonds", "type": "International Fixed Interest", "country": "AU", "weightPct": 8.19 }, { "asset": "Dimensional Global Real Estate Trust NZD Hedged Class", "assetClass": "Property", "type": "Listed Property", "country": "NZ", "weightPct": 4.95 }, { "asset": "Apple Inc", "assetClass": "Shares", "type": "International Equities", "country": "US", "weightPct": 2.74 }, { "asset": "Nvidia Corp", "assetClass": "Shares", "type": "International Equities", "country": "US", "weightPct": 2.72 }, { "asset": "Dimensional Two Year Sustain Fixed Interest Trust", "assetClass": "Bonds", "type": "International Fixed Interest", "country": "AU", "weightPct": 1.56 }, { "asset": "Meta Platforms Inc", "assetClass": "Shares", "type": "International Equities", "country": "US", "weightPct": 1.12 }, { "asset": "Amazon Com Inc", "assetClass": "Shares", "type": "International Equities", "country": "US", "weightPct": 1.08 }, { "asset": "Microsoft Corp", "assetClass": "Shares", "type": "International Equities", "country": "US", "weightPct": 0.93 } ], "fundStartDate": "4 April 2023", "minimumInvestmentNzd": 50, "documents": [ { "label": "ACI GROWTH FUND (FND43019) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 117.35 KB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/full-portfolio/FND43019/ACI-GROWTH-FUND-FND43019-Full-portfolio-holdings-31-March-2026.xlsx" }, { "label": "20251127 ACI Funds PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 330.80 KB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo31d8d22e0ce16ee13d248904064e9fe7/20251127-ACI-Funds-PDS.pdf" }, { "label": "20260331 ACI Growth QFU.pdf The quarterly update published by the provider PDF, 498.76 KB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/2e0f605b381ff9d9/20260331---ACI-Growth---QFU.pdf" }, { "label": "20251127 ACI Funds OMI.pdf Other Material Information PDF, 386.17 KB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo5b7661315b0dc20c034eb56f3d5801b1/20251127-ACI-Funds-OMI.pdf" }, { "label": "20251127 ACI Funds SIPO.pdf Statement of investment policy and objectives PDF, 313.76 KB", "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdoc54597ad0f849b514e3782c3e3035b93/20251127-ACI-Funds-SIPO.pdf" } ] }, "pdsExtract": { "fund_name": "ACI Growth Fund", "objective": "The ACI Growth Fund aims to achieve a rate of return (net of fees but before tax) of at least 4.5% per annum above inflation (as measured by Statistics New Zealand's Consumer Price Index) over the longer term. 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Strategic asset allocation is the key determinant of long-term investment outcomes, and diversification across geographic regions, asset classes and securities is an important risk mitigation factor. Targeting certain investment style factors relating to size, relative price and profitability leads to the potential for better risk and return outcomes.", "responsible_investment_approach": "All but two of the underlying funds integrate sustainability criteria into the investment process via Dimensional Sustainability Funds, which use a sustainability scoring system primarily focused on GHG emissions to underweight or exclude high-emissions companies and overweight low-emissions companies. These funds may also exclude companies involved in coal, palm oil, factory farming, child labour, tobacco, alcohol, gambling, adult entertainment, controversial weapons, nuclear weapons, personal firearms and private prisons.", "derivatives_policy": "Underlying funds may use derivatives to manage large cashflows and forward contracts for hedging foreign currencies. The Funds themselves do not directly use derivatives beyond what is employed within underlying funds.", "rebalancing_policy": "For individual Funds, cashflows are used daily to move actual asset allocation closer to target allocation, with inflows directed to underweighted underlying funds and redemptions funded by selling overweighted underlying funds. 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The fund aims to achieve a rate of return (net of fees but before tax) of at least 4.5% per annum above inflation (as measured by Statistics New Zealand's Consumer Price Index) over the longer term." }, "_match": { "score": 1, "extractFundName": "ACI Growth Fund", "ourFundName": "ACI GROWTH FUND" }, "_provenance": { "scheme_id": "SCH13499", "doc_type": "sipo", "source_doc_url": "https://smartinvestor.sorted.org.nz/disclose-document/mdoc54597ad0f849b514e3782c3e3035b93/20251127-ACI-Funds-SIPO.pdf", "source_doc_date": "2025-11-26", "source_tier": "A", "pdf_hash": "c2bd31882bc3f948c38ad973bccec234818a6d47f36aa17a1d26752453a000aa", "extracted_at": "2026-05-28T00:01:20.456Z" } }, "omiExtract": { "_provenance": { "scheme_id": "SCH13499", "doc_type": "omi", "source_doc_url": "https://smartinvestor.sorted.org.nz/disclose-document/mdo5b7661315b0dc20c034eb56f3d5801b1/20251127-ACI-Funds-OMI.pdf", "source_doc_date": "2025-11-26", "source_tier": "A", "pdf_hash": "3e52c2a95229626db7580924cf60b84f0e082022b3719f38a09c9013dce55f31", "extracted_at": "2026-05-28T00:01:20.869Z" }, "scheme": { "scheme_name": "ACI Funds", "manager_name": "FundRock NZ Limited", "omi_version_date": "2025-11-27" }, "related_party_transactions": [ { "counterparty": "Dimensional Global Sustainability PIE Fund and Dimensional Global Sustainability PIE Fund (NZD Hedged)", "relationship": "FundRock acts as manager for these underlying funds into which the ACI Funds invest", "nature": "Investment of ACI Fund assets into underlying PIE funds managed by FundRock", "fee_or_rate": null } ], "conflicts_of_interest": [ "Parties related to the Funds, including the staff of Stewart Group and their families, and the staff of FundRock and their families may from time to time invest in the Funds.", "FundRock acts as manager for some of the underlying funds (Dimensional Global Sustainability PIE Fund and Dimensional Global Sustainability PIE Fund (NZD Hedged)) that the ACI Funds invest into, which could influence it to invest the assets of the Funds into those underlying funds instead of into direct assets or investment funds managed by third parties.", "If the investment into the Underlying Dimensional PIE Funds is not on arms' length terms or if investment into direct assets or third party funds were a more efficient way of achieving the Funds' investment strategy, investors in the Funds could be adversely affected." ], "fee_waivers": [ { "fund_name": null, "description": "We may waive or decrease the Annual Fund Charges without notice.", "expires": null }, { "fund_name": null, "description": "We may decrease or waive the management fee for any Fund at any time without notice.", "expires": null }, { "fund_name": null, "description": "We may, in our absolute discretion, rebate the buy and sell spread and/or charges for the Funds (which includes management fees) by agreement, with an Investor, or a group of Investors.", "expires": null } ], "performance_fee_mechanics": [], "material_risks_not_in_pds_summary": [ { "risk_name": "Fund risk", "description": "These are risks specific to a Fund. These risks include that a Fund could terminate; the fees and expenses of a Fund could change; FundRock may be replaced as manager; any underlying investment manager's team may change; or that investing in any underlying fund may lead to a different result than investing in the market directly." }, { "risk_name": "Key person risk", "description": "This is the risk that key individuals are no longer able to fulfil their obligations in respect of the investment or administration of a Fund. FundRock aims to ensure that all staff are highly qualified and capable of mitigating individual key personnel risk." }, { "risk_name": "Regulatory risk", "description": "This is the risk that domestic or international laws or regulations are changed adversely or that regulatory supervision of transactions and reporting is performed by managers and their custodians at less than an appropriate standard. Regulatory risk is managed by FundRock by regularly and closely reviewing changes in the law and seeking expert legal advice where necessary." }, { "risk_name": "Derivative risk", "description": "Risks associated with investing in derivatives may include the value of the derivative failing to move in line with an underlying investment; potential illiquidity of the derivative; a Fund not being able to meet payment obligations as they arise; and counterparty risk (that is, where the counterparty to the derivative contract cannot meet its obligations under the contract)." }, { "risk_name": "Administration risk", "description": "This is the risk that instructions in relation to your investments in a Fund have not been accurately relayed or processed or that fraudulent instructions are acted upon. FundRock, the Investment Manager, and the Administration Manager will follow reasonable electronic instructions in good faith." }, { "risk_name": "Country market risk", "description": "Within each of the Funds economic, technological, political or legal conditions and market sentiment can lead to volatility in the value of investments and the overall level of liquidity in the market." } ], "tax_disclosures": [ "The Funds are Portfolio Investment Entities (PIEs). Under the PIE regime, a Fund will allocate its taxable income to Investors and, where applicable, pay tax on allocated income on behalf of Investors for an Investor with a prescribed investor rate (PIR) of greater than zero.", "Gains derived from cash and fixed interest investments will generally be taxed on an accruals basis.", "NZ shares will generally be taxed on dividend income received.", "The Funds gain exposure to global shares via underlying PIE funds; for NZ tax purposes, these investments will generally be taxed under the Fair Dividend Rate (FDR) method whereby 5% of the opening market value of the investment is taxable income to the Funds each year.", "Investors will not pay tax on distributions (if any) paid to Investors from the Funds.", "If an Investor is not a New Zealand resident, the Investor's allocated income from the Funds will be taxed at 28%.", "If the Funds invest into offshore based funds there may be foreign withholding tax deducted from the income that they receive; however, withholding tax on income received by the offshore funds is not recognised under New Zealand tax law and therefore cannot be utilised against any PIE tax liability.", "If the Funds invest in offshore domiciled global share funds, the underlying management fee and expenses may not be tax deductible, which is a function of the Fair Dividend Rate tax methodology.", "Investors must advise FundRock of their PIR and IRD number when applying to invest; if an Investor does not provide their PIR they will automatically be taxed at the maximum default rate of 28%.", "Taxable income is attributed annually to 31 March, or at any time an investor withdraws all or part of their investment from the Funds.", "Investors that are New Zealand tax resident trusts may elect a rate of 0%, 17.5%, 28% and in limited circumstances, 10.5%.", "The Commissioner of Inland Revenue can require FundRock to disregard a PIR notified by an investor if the Commissioner considers the rate to be incorrect." ], "trustee_supervisor": "Public Trust", "auditor": "KPMG", "custodian": "Adminis NZ Limited", "source_paragraphs": [ "FundRock act as manager for some of the underlying funds that the Funds invest into. These underlying funds are the Dimensional Global Sustainability PIE Fund, and the Dimensional Global Sustainability PIE Fund (NZD Hedged). FundRock's association with the Underlying Dimensional PIE Funds could influence it to invest the assets of the Funds into the Underlying Dimensional PIE Funds instead of into direct assets or investment funds managed by third parties.", "The Funds are Portfolio Investment Entities (PIEs). Under the PIE regime, a Fund will allocate its taxable income to Investors and, where applicable, pay tax on allocated income on behalf of Investors for an Investor with a prescribed investor rate ('PIR') of greater than zero.", "We may suspend redemptions where we in good faith form the opinion that it is not practicable, or would be materially prejudicial to the interests of the Funds' investors for the Supervisor to realise assets or borrow to permit Unit redemptions." ], "_match": { "schemeId": "SCH13499", "ourFundName": "ACI GROWTH FUND", "scope": "scheme-level" } }, "sources": { "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=ACI%20Growth%20Fund", "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13499/OFR13507/FND43019/", "productDisclosureStatement": "/disclose-document/mdo31d8d22e0ce16ee13d248904064e9fe7/20251127-ACI-Funds-PDS.pdf", "pdsExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/mdo31d8d22e0ce16ee13d248904064e9fe7/20251127-ACI-Funds-PDS.pdf", "sipoExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/mdoc54597ad0f849b514e3782c3e3035b93/20251127-ACI-Funds-SIPO.pdf", "omiExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/mdo5b7661315b0dc20c034eb56f3d5801b1/20251127-ACI-Funds-OMI.pdf" }, "licence": { "reuse": "Citation with link-back to canonicalUrl required. No paid redistribution.", "contact": "hello@managedfunds.nz" } }