Pathfinder KiwiSaver Conservative Fund
Pathfinder Kiwisaver Conservative Fund is a conservative KiwiSaver fund managed by Pathfinder. It has 793 members and holds $28 million. It opened in 2019.
Fees and returns
- Annual fee
- 0.92% of your balance each year
- Return over 1 year
- +2.6% a year
- Return over 3 years
- +3.9% a year
- Return over 5 years
- +2.7% 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 +2.7% 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 0.5 percentage points.
What it invests in
International fixed interest 40%, new zealand fixed interest 33%, cash and cash equivalents 14%, international equities 8%.
Largest holdings
- Cash at Bank - NZD - Westpac 9.25%
- Cash at Bank - NZD - ANZ 5.94%
- New Zealand Government Bond 5% 15/05/2054 2.61%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.6% |
| 2024/25 | +3.2% |
| 2023/24 | +6.0% |
| 2022/23 | −0.1% |
| 2021/22 | +1.9% |
| 2020/21 | +6.8% |
About this fund
The Pathfinder KiwiSaver Conservative Fund is an actively managed, ethically screened conservative fund weighted towards income assets, with a lower allocation to growth assets such as shares. It follows Pathfinder's values-based approach — selecting companies that meet its ethical standards and, where possible, private companies with real-world impact. Suggested for a minimum timeframe of three years, it has operated since 2019 and carries an annual fund charge of 0.92%.