Pathfinder Asset Management Limited
Pathfinder KiwiSaver Conservative Fund
Pathfinder KiwiSaver PlanConservative
What the provider says about this fund
An ethical portfolio with a higher exposure to income assets and a lower exposure to growth assets. This Fund’s value is unlikely to fluctuate as much as the Balanced Fund or Growth Fund.
1-year return
2.63%
5-year return p.a.
2.70%
Total annual fee
1.01%
Fund size ($m)
27.9
Members
793
Inception date
23 July 2019
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
12.88%
Income assets
87.12%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 1.90% | 3.00% | 5.79% |
| Cash and equivalents | 14.44% | 24.00% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 39.61% | 39.00% | 27.47% |
| International shares | 7.71% | 6.00% | 14.45% |
| New Zealand bonds | 33.08% | 27.00% | 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 | Cash at Bank - NZD – Westpac | Cash | Cash and Cash Equivalents | NZ | 9.25% |
| 2 | Cash at Bank - NZD – ANZ | Cash | Cash and Cash Equivalents | NZ | 5.94% |
| 3 | New Zealand Government Bond 15/05/2054 | Bonds | New Zealand Fixed Interest | NZ | 2.61% |
| 4 | New Zealand Local Government Funding Agency Bond 15/04/2037 | Bonds | New Zealand Fixed Interest | NZ | 2.17% |
| 5 | New Zealand Local Government Funding Agency Ltd. 14/05/2032 | Bonds | New Zealand Fixed Interest | NZ | 1.79% |
| 6 | Housing New Zealand 10/09/2035 | Bonds | New Zealand Fixed Interest | NZ | 1.75% |
| 7 | New Zealand Government Bond 15/05/2034 | Bonds | New Zealand Fixed Interest | NZ | 1.73% |
| 8 | New Zealand Local Government Funding Agency Ltd. 15/05/2035 | Bonds | New Zealand Fixed Interest | NZ | 1.70% |
| 9 | Inter-American Development Bank 07/08/2042 | Bonds | International Fixed Interest | US | 1.35% |
| 10 | KFW 28/02/2034 | Bonds | International Fixed Interest | DE | 1.32% |
Fees
1.01% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.80% | $240 | 0.70% |
| Other fees | 0.12% | $36 | 0.11% |
| Membership fees | 0.09% | $27 | 0.05% |
| Total combined fees | 1.01% | $303 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2021 | 6.84% | 8.66% |
| 31 March 2022 | 1.88% | -0.64% |
| 31 March 2023 | -0.05% | -1.65% |
| 31 March 2024 | 5.98% | 6.61% |
| 31 March 2025 | 3.18% | 3.59% |
| 31 March 2026 | 2.63% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| David Lewis | CIO | 11 months |
| John Berry | CEO | 17 years |
| Kent Fraser | Chair of Investment Committee | 9 years, 6 months |