Local Government Superannuation Trustee Limited
Conservative Fund
Supereasy KiwiSaver Superannuation SchemeConservative
What the provider says about this fund
The Conservative Fund target asset allocations are 20% in growth assets and 80% in income assets. Its objective is to reduce the likelihood of negative returns over the short term, while still providing an opportunity for positive real returns over the longer term.
1-year return
4.41%
5-year return p.a.
2.27%
Total annual fee
0.50%
Fund size ($m)
13.5
Members
296
Inception date
1 April 2008
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
20.03%
Income assets
79.97%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 4.43% | 5.00% | 5.79% |
| Cash and equivalents | 31.38% | 30.00% | 20.22% |
| International bonds | 14.52% | 15.00% | 27.47% |
| International shares | 10.93% | 10.00% | 14.45% |
| Listed property | 4.67% | 5.00% | 1.47% |
| New Zealand bonds | 34.06% | 35.00% | 29.28% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | HARBOUR NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 34.06% |
| 2 | HARBOUR Enhanced Cash Fund | Cash | Cash and Cash Equivalents | NZ | 31.38% |
| 3 | HUNTER Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 14.52% |
| 4 | MERCER Overseas Shares Index Portfolio | Shares | International Equities | NZ | 7.00% |
| 5 | HARBOUR Real Estate Investment Fund | Property | Listed Property | NZ | 4.67% |
| 6 | HARBOUR NZ Shares Index Fund | Shares | Australasian Equities | NZ | 4.43% |
| 7 | MERCER Hedged Overseas Shares Index Portfolio | Shares | International Equities | NZ | 3.94% |
Fees
0.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.32% | $96 | 0.70% |
| Other fees | 0.00% | $0 | 0.11% |
| Membership fees | 0.18% | $54 | 0.05% |
| Total combined fees | 0.50% | $150 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 2.73% | 3.59% |
| 31 March 2018 | 3.15% | 3.30% |
| 31 March 2019 | 4.73% | 4.43% |
| 31 March 2020 | 0.68% | 1.24% |
| 31 March 2021 | 6.74% | 8.66% |
| 31 March 2022 | -1.26% | -0.64% |
| 31 March 2023 | -1.45% | -1.65% |
| 31 March 2024 | 5.34% | 6.61% |
| 31 March 2025 | 4.32% | 3.59% |
| 31 March 2026 | 4.41% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Basil Morrison | LGST Chairman | 14 years, 10 months |
| Charlie Howe | Chief Executive Officer (Civic Financial Services) | 4 years, 7 months |
| Glenn Watkin | Chief Financial Officer (Civic Financial Services) | 7 years, 2 months |
| Grant Hassell | Licensed Independent Trustee | 2 years, 4 months |