JMI Wealth Conservative Fund
Conservative Fund is a conservative KiwiSaver fund managed by JMI Wealth. It has 15 members and holds $812,100. It opened in 2020.
Fees and returns
- Annual fee
- 1.10% of your balance each year
- Return over 1 year
- +4.2% a year
- Return over 3 years
- +4.8% a year
- Return over 5 years
- +2.1% 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 +2.1% a year. The median for mainstream conservative funds over the same period was +2.3% a year, across 29 funds. This fund is behind that median, by 0.2 percentage points.
What it invests in
New zealand fixed interest 35%, international fixed interest 26%, international equities 11%, australasian equities 11%.
Largest holdings
- Amova Global Bond Fund 11.27%
- NZD Cash Account (ANZ Bank) 9.01%
- Amova NZ Bond Fund 8.84%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +4.2% |
| 2024/25 | +3.6% |
| 2023/24 | +6.8% |
| 2022/23 | −2.5% |
| 2021/22 | −1.1% |
About this fund
The JMI Wealth Conservative Fund is a conservative fund that invests through a selection of underlying managers rather than holding assets directly. It is weighted towards income assets — cash and fixed interest — with a modest allocation to growth assets such as shares, aiming to protect capital while providing a moderate return. It is designed for an investment horizon of at least three years and carries an annual fund charge of 1.1%.