Hive Funds Limited
Aurora Conservative Fund
Aurora KiwiSaver SchemeConservative
What the provider says about this fund
Diversified fund aiming to provide moderate investment returns. It invests in mostly income assets and includes some growth assets. The underlying portfolio is actively managed and includes cash, fixed interest, infrastructure, Australasian equities, and international equities. Environmental, Social and Governance (ESG) and sustainability considerations are integrated into portfolio decision-making.
1-year return
3.57%
5-year return p.a.
2.32%
Total annual fee
1.37%
Fund size ($m)
110.5
Members
6,206
Inception date
20 August 2021
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
20.69%
Income assets
79.31%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 4.94% | 8.00% | 5.79% |
| Cash and equivalents | 23.43% | 15.00% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 29.44% | 30.00% | 27.47% |
| International shares | 12.73% | 17.00% | 14.45% |
| Listed property | 0.00% | 0.00% | 1.47% |
| New Zealand bonds | 26.44% | 30.00% | 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 | Metlife Global Impact Bond Fund - Class A | Bonds | International Fixed Interest | AU | 29.44% |
| 2 | Mercer Macquarie NZ Fixed Interest PIE | Bonds | New Zealand Fixed Interest | NZ | 24.09% |
| 3 | Mercer Macquarie NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 17.99% |
| 4 | Brandywine Global Opportunistic Equity Fund | Shares | International Equities | NZ | 4.28% |
| 5 | Pella Global Generations PIE Fund | Shares | International Equities | NZ | 4.09% |
| 6 | Merricks Capital Partners PIE Fund | Other | Other | NZ | 3.43% |
| 7 | Kernel NZ 50 ESG Tilted Fund | Shares | Australasian Equities | NZ | 2.49% |
| 8 | Mint Australasian Equity Fund | Shares | Australasian Equities | NZ | 2.45% |
| 9 | PCG Diversified New Zealand Private Debt Fund | Bonds | New Zealand Fixed Interest | NZ | 2.35% |
| 10 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 2.32% |
Fees
1.37% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.94% | $282 | 0.70% |
| Other fees | 0.31% | $93 | 0.11% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.37% | $411 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2023 | -2.43% | -1.65% |
| 31 March 2024 | 4.96% | 6.61% |
| 31 March 2025 | 3.83% | 3.59% |
| 31 March 2026 | 3.57% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Sean Henaghan | CIO/Director | 4 years, 11 months |
| Sharon Mackay | CEO/COO, Aurora Capital | 1 year, 3 months |
| Stefan Smith | Senior Multi-Asset Investment Analyst | 1 year, 1 month |