Trustees Of The Maritime KiwiSaver Scheme
Conservative Portfolio
Maritime KiwiSaver SchemeConservative
What the provider says about this fund
Invests about 80% in bonds and cash with about 20% in shares and other growth assets. Suited to shorter-term investors who want fairly consistent returns with less ups and downs than can be expected from the Balanced Portfolio.
1-year return
2.92%
5-year return p.a.
2.10%
Total annual fee
0.61%
Fund size ($m)
1.9
Members
44
Inception date
21 April 2016
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
19.45%
Income assets
80.55%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 3.01% | 4.00% | 5.79% |
| Cash and equivalents | 13.92% | 15.00% | 20.22% |
| International bonds | 49.44% | 48.75% | 27.47% |
| International shares | 16.44% | 16.00% | 14.45% |
| New Zealand bonds | 17.19% | 16.25% | 29.28% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Hunter Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 36.20% |
| 2 | Amova Wholesale NZ Bond Fund | Bonds | New Zealand Fixed Interest | NZ | 17.19% |
| 3 | Amova Wholesale NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 13.91% |
| 4 | Amova Global Bond Fund | Bonds | International Fixed Interest | NZ | 13.24% |
| 5 | Mercer Overseas Shares index Portfolio | Shares | International Equities | NZ | 9.04% |
| 6 | Amova Wholesale Global Equity Hedged Fund | Shares | International Equities | NZ | 7.40% |
| 7 | Salt Core Equity Fund | Shares | Australasian Equities | NZ | 1.67% |
| 8 | Fisher Institutional Trans Tasman Equity Fund | Shares | Australasian Equities | NZ | 1.35% |
Fees
0.61% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.31% | $93 | 0.70% |
| Other fees | 0.30% | $90 | 0.11% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.61% | $183 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 4.50% | 3.59% |
| 31 March 2018 | 4.00% | 3.30% |
| 31 March 2019 | 2.89% | 4.43% |
| 31 March 2020 | -0.65% | 1.24% |
| 31 March 2021 | 10.35% | 8.66% |
| 31 March 2022 | -1.39% | -0.64% |
| 31 March 2023 | -2.23% | -1.65% |
| 31 March 2024 | 7.39% | 6.61% |
| 31 March 2025 | 4.10% | 3.59% |
| 31 March 2026 | 2.92% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Brodie Stevens | Chairman of Trustee Board and Member of Investment Committee | 1 year, 5 months |
| Philippa Drury | Licensed Independent Trustee and Member of Investment Committee | 2 years, 9 months |
| Ray Welson | Trustee and Chair of Investment Committee | 3 years, 7 months |