Generate Conservative Fund
Conservative Fund is a conservative KiwiSaver fund managed by Generate. It has 4,322 members and holds $162 million. It opened in 2022.
Fees and returns
- Annual fee
- 1.08% of your balance each year
- Return over 1 year
- +3.3% a year
- Return over 3 years
- +4.7% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
New zealand fixed interest 57%, international fixed interest 15%, international equities 13%, cash and cash equivalents 7%.
Largest holdings
- Housnz 24/04/2030 2.183 3.19%
- NZD Total Cash at Bank 3.15%
- Housnz 10/09/2035 1.534 2.32%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +3.3% |
| 2024/25 | +4.3% |
| 2023/24 | +6.6% |
About this fund
The Generate Conservative Fund is an actively managed conservative fund invested largely in income assets — especially New Zealand fixed interest — with a small allocation to growth assets. It has an annual fund charge of 1.08%.