Smartshares Limited
Quaystreet Conservative Fund
Quaystreet KiwiSaver SchemeConservative
What the provider says about this fund
The QuayStreet Conservative Fund invests in a diversified portfolio with an emphasis on conservative assets such as fixed interest investments. The investment objective is to provide a level of return above the fund’s benchmark over the long term.
1-year return
4.47%
5-year return p.a.
3.36%
Total annual fee
0.86%
Fund size ($m)
13.1
Members
362
Inception date
30 September 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
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7
Lower riskHigher risk
Investment mix
Growth assets
20.69%
Income assets
79.31%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 9.50% | 10.00% | 5.79% |
| Cash and equivalents | 20.66% | 20.00% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 14.34% | 20.00% | 27.47% |
| International shares | 10.46% | 10.00% | 14.45% |
| Listed property | 0.73% | 0.00% | 1.47% |
| New Zealand bonds | 44.31% | 40.00% | 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 ANZNZ (NZD) | Cash | Cash and Cash Equivalents | NZ | 20.43% |
| 2 | ANZ New Zealand Subordinated Notes (Sep 2031) | Bonds | New Zealand Fixed Interest | NZ | 1.43% |
| 3 | NZ LGFA (Apr 2033) | Bonds | New Zealand Fixed Interest | NZ | 1.34% |
| 4 | Vector (Oct 2026) | Bonds | New Zealand Fixed Interest | NZ | 1.34% |
| 5 | Channel Infrastructure NZ (May 2027) | Bonds | New Zealand Fixed Interest | NZ | 1.23% |
| 6 | ASB (Sep 2030) | Bonds | New Zealand Fixed Interest | NZ | 1.08% |
| 7 | NZ Govt Inflation Linked (Sep 2035) | Bonds | New Zealand Fixed Interest | NZ | 1.08% |
| 8 | Kiwibank AU (Sep 2030) | Bonds | New Zealand Fixed Interest | NZ | 1.04% |
| 9 | Westpac NZ (Nov 2030) | Bonds | New Zealand Fixed Interest | NZ | 1.00% |
| 10 | NAB Subordinated Notes (Nov 2035) | Bonds | International Fixed Interest | AU | 0.96% |
Fees
0.86% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.67% | $201 | 0.70% |
| Other fees | 0.09% | $27 | 0.11% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.86% | $258 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 4.02% | 3.59% |
| 31 March 2018 | 4.06% | 3.30% |
| 31 March 2019 | 4.19% | 4.43% |
| 31 March 2020 | 1.07% | 1.24% |
| 31 March 2021 | 7.13% | 8.66% |
| 31 March 2022 | -0.06% | -0.64% |
| 31 March 2023 | 0.96% | -1.65% |
| 31 March 2024 | 6.74% | 6.61% |
| 31 March 2025 | 4.87% | 3.59% |
| 31 March 2026 | 4.47% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Craig Smith | Portfolio Manager, Fixed Interest - QuayStreet | 1 year, 11 months |
| Jon Raby | Director - Smart | 5 months |
| Roy Cross | Head of Australasian Equities - QuayStreet | 1 month |
| Stefan Stevanovic | Head of International Equities - QuayStreet | 3 years, 1 month |