Maritime Conservative Portfolio
Conservative Portfolio is a conservative KiwiSaver fund managed by Maritime. It has 44 members and holds $2 million. It opened in 2016.
Fees and returns
- Annual fee
- 0.61% of your balance each year
- Return over 1 year
- +2.9% 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
International fixed interest 49%, new zealand fixed interest 17%, international equities 16%, cash and cash equivalents 14%.
Largest holdings
- Hunter Global Fixed Interest Fund 37.58%
- Nikko Wholesale Nz Bond Fund 16.59%
- Nikko Wholesale Nz Cash Fund 15.06%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.9% |
| 2024/25 | +4.1% |
| 2023/24 | +7.4% |
| 2022/23 | −2.2% |
| 2021/22 | −1.4% |
| 2020/21 | +10.4% |
| 2019/20 | −0.7% |
| 2018/19 | +2.9% |
| 2017/18 | +4.0% |
| 2016/17 | +4.5% |
About this fund
The Maritime Conservative Portfolio is a conservative fund that invests through a blend of underlying wholesale funds from several New Zealand managers (including Nikko AM, Mercer, Fisher and Hunter), combining index and actively managed strategies. It holds about 80% income assets — bonds and cash — and about 20% growth assets such as shares. It has operated since 2016 and carries an annual fund charge of 0.61%.