Medical Funds Management Limited
Conservative Fund
MAS KiwiSaver SchemeConservative
What the provider says about this fund
The Conservative Fund invests mainly in income assets with a modest allocation to growth assets. The Fund aims to preserve capital while providing a steady return over the short to medium term. It is suitable for investors who want to take a more cautious approach and accept a smaller amount of investment risk to potentially achieve a more stable return.
1-year return
3.82%
5-year return p.a.
1.95%
Total annual fee
0.84%
Fund size ($m)
84.1
Members
1,621
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
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7
Lower riskHigher risk
Investment mix
Growth assets
19.70%
Income assets
80.30%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 6.11% | 6.00% | 5.79% |
| Cash and equivalents | 10.33% | 10.00% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 42.89% | 45.00% | 27.47% |
| International shares | 13.59% | 14.00% | 14.45% |
| Listed property | 0.00% | 0.00% | 1.47% |
| New Zealand bonds | 27.08% | 25.00% | 29.28% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Hunter Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 42.89% |
| 2 | JBWere Premium Custody Call Account - NZD | Cash | Cash and Cash Equivalents | NZ | 6.39% |
| 3 | New Zealand Government 2.75% 15/04/2037 | Bonds | New Zealand Fixed Interest | NZ | 1.99% |
| 4 | New Zealand Government 1.5% 15/05/2031 | Bonds | New Zealand Fixed Interest | NZ | 1.53% |
| 5 | New Zealand Government 4.25% 15/05/2034 | Bonds | New Zealand Fixed Interest | NZ | 1.51% |
| 6 | New Zealand Government 1.75% 15/05/2041 | Bonds | New Zealand Fixed Interest | NZ | 1.45% |
| 7 | New Zealand Government 4.5% 15/05/2035 | Bonds | New Zealand Fixed Interest | NZ | 1.32% |
| 8 | New Zealand Government 4.25% 15/05/2036 | Bonds | New Zealand Fixed Interest | NZ | 1.14% |
| 9 | Westpac 6.73% 14/02/2034 | Bonds | New Zealand Fixed Interest | NZ | 1.05% |
| 10 | New Zealand Government 3.5% 14/04/2033 | Bonds | New Zealand Fixed Interest | NZ | 1.03% |
Fees
0.84% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.66% | $198 | 0.70% |
| Other fees | 0.18% | $54 | 0.11% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.84% | $252 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 4.60% | 3.59% |
| 31 March 2018 | 3.62% | 3.30% |
| 31 March 2019 | 3.27% | 4.43% |
| 31 March 2020 | 0.84% | 1.24% |
| 31 March 2021 | 9.13% | 8.66% |
| 31 March 2022 | -1.40% | -0.64% |
| 31 March 2023 | -2.55% | -1.65% |
| 31 March 2024 | 6.13% | 6.61% |
| 31 March 2025 | 4.00% | 3.59% |
| 31 March 2026 | 3.82% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Brendan O’donovan | Chair Investment Committee | 8 years, 9 months |
| Daniel Mead | Head of Investment | 2 years, 8 months |
| Fergus Mcdonald | Head of Bonds and Currency, Amova Asset Management | 25 years, 9 months |
| Hayden Griffiths | Head of Asset Allocation, JBWere | 29 years, 11 months |
| Rickey Ward | Head of Investment Strategy & Research, JBWere | 11 months |