ANZ New Zealand Investments Limited
Conservative Fund
Oneanswer KiwiSaver SchemeConservative
What the provider says about this fund
The Conservative Fund invests mainly in income assets (cash and cash equivalents and fixed interest), with a smaller exposure to growth assets (equities, listed property and listed infrastructure). The fund may also invest in alternative assets. The Conservative Fund aims to achieve (after the fund charge and before tax) over the long term low relatively stable returns, allowing for small ups and downs in value.
1-year return
3.49%
5-year return p.a.
1.65%
Total annual fee
0.60%
Fund size ($m)
469.3
Members
13,656
Inception date
1 October 2007
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
19.93%
Income assets
80.07%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 4.08% | 4.80% | 5.79% |
| Cash and equivalents | 17.00% | 23.00% | 20.22% |
| International bonds | 44.16% | 35.00% | 27.47% |
| International shares | 13.48% | 13.20% | 14.45% |
| New Zealand bonds | 18.91% | 24.00% | 29.28% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | FNMA 30Yr Conventional 150534 0.00 TBA | Bonds | International Fixed Interest | US | 1.92% |
| 2 | NZ Government Stock 15/05/2035 4.50 | Bonds | New Zealand Fixed Interest | NZ | 1.12% |
| 3 | Westpac Banking NZ Floating Rate Note 06/07/2026 | Bonds | New Zealand Fixed Interest | NZ | 1.05% |
| 4 | NZ Government Bond 15/05/2036 4.25 | Bonds | New Zealand Fixed Interest | NZ | 0.97% |
| 5 | NZ Government Bond 14/04/2033 3.50 | Bonds | New Zealand Fixed Interest | NZ | 0.93% |
| 6 | NZ Government Bond 15/05/2034 4.25 | Bonds | New Zealand Fixed Interest | NZ | 0.90% |
| 7 | Westpac Banking Term Deposit 04/08/2026 2.995 | Cash | Cash and Cash Equivalents | NZ | 0.89% |
| 8 | Westpac Banking Registered Certificate of Deposit 01/04/2026 | Cash | Cash and Cash Equivalents | NZ | 0.86% |
| 9 | Rabobank Nederland NZ Floating Rate Note 05/04/2027 | Bonds | New Zealand Fixed Interest | NZ | 0.82% |
| 10 | NZ Government Bond 15/05/2032 2 | Bonds | New Zealand Fixed Interest | NZ | 0.76% |
Fees
0.60% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.56% | $168 | 0.70% |
| Other fees | 0.04% | $12 | 0.11% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.60% | $180 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 2.44% | 3.59% |
| 31 March 2018 | 3.07% | 3.30% |
| 31 March 2019 | 3.97% | 4.43% |
| 31 March 2020 | 1.85% | 1.24% |
| 31 March 2021 | 7.31% | 8.66% |
| 31 March 2022 | -0.37% | -0.64% |
| 31 March 2023 | -2.42% | -1.65% |
| 31 March 2024 | 4.72% | 6.61% |
| 31 March 2025 | 3.00% | 3.59% |
| 31 March 2026 | 3.49% | 3.96% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Other material information
- Other material information
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| George Crosby | Chief Investment Officer | 2 years, 1 month |
| Matthew Mobbs | Head of Fixed Interest and Cash | 2 months |
| Max Lesser | Head of Equities | 2 years, 10 months |
| Paul Gregory | Head of Investment Partnerships | 2 years |