Fisher Funds Plan Conservative Fund
Conservative Fund is a conservative KiwiSaver fund managed by Fisher Funds. It is offered through the Fisher Funds KiwiSaver Plan. It has 41,158 members and holds $1.1 billion. It opened in 2007.
Fees and returns
- Annual fee
- 0.87% of your balance each year
- Return over 1 year
- +3.4% a year
- Return over 3 years
- +5.1% a year
- Return over 5 years
- +2.4% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +2.4% a year. The median for mainstream conservative funds over the same period was +2.2% a year, across 28 funds. This fund is ahead of that median, by 0.2 percentage points.
What it invests in
New zealand fixed interest 34%, international fixed interest 26%, cash and cash equivalents 20%, international equities 12%.
Largest holdings
- Buy Nzd:Sell Usd 09/06/26 09/06/2026 4.94%
- ANZ 10 A/C - Current Accounts 3.48%
- Buy Nzd:Sell Usd 12/05/26 12/05/2026 3.44%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +3.4% |
| 2024/25 | +3.6% |
| 2023/24 | +8.3% |
| 2022/23 | −1.9% |
| 2021/22 | −0.8% |
| 2020/21 | +11.7% |
| 2019/20 | 0.0% |
| 2018/19 | +3.9% |
| 2017/18 | +3.9% |
| 2016/17 | +2.9% |
About this fund
The Fisher Funds Conservative Fund is an actively managed conservative fund invested mainly in income assets, with a small allocation to international shares and other growth assets. It was formerly part of the Kiwi Wealth KiwiSaver Scheme (which joined Fisher Funds in 2022). It has an annual fund charge of 0.87%.
See how all of Fisher Funds KiwiSaver's funds have performed