Fisher Funds Core Conservative Fund
Core Conservative Fund is a conservative KiwiSaver fund managed by Fisher Funds. It has 16,965 members and holds $400 million. It opened in 2014.
Fees and returns
- Annual fee
- 0.51% of your balance each year
- Return over 1 year
- +2.7% a year
- Return over 3 years
- +4.8% a year
- Return over 5 years
- +2.8% 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 +2.8% a year. The median for mainstream conservative funds over the same period was +2.2% a year, across 29 funds. This fund is ahead of that median, by 0.6 percentage points.
What it invests in
Cash and cash equivalents 34%, new zealand fixed interest 28%, international fixed interest 23%, international equities 9%.
Largest holdings
- ANZ 10 A/C - Current Accounts 4.46%
- Buy Nzd:Sell Usd 12/05/26 12/05/2026 4.05%
- Buy Nzd:Sell Eur 29/06/26 29/06/2026 3.12%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.7% |
| 2024/25 | +3.6% |
| 2023/24 | +8.2% |
| 2022/23 | +0.3% |
| 2021/22 | −0.5% |
| 2020/21 | +7.8% |
| 2019/20 | +1.2% |
| 2018/19 | +3.7% |
| 2017/18 | +3.9% |
| 2016/17 | +4.7% |
About this fund
The Fisher Funds Core Conservative Fund is a conservative fund invested mainly in income assets, with a modest allocation to growth assets. It is Fisher's more defensive, higher-cash conservative option, at a lower fee than its standard conservative funds. It was formerly part of the Kiwi Wealth KiwiSaver Scheme (which joined Fisher Funds in 2022). It has an annual fund charge of 0.51%.
See how all of Fisher Funds KiwiSaver's funds have performed