Simplicity Conservative Fund
Conservative Fund is a conservative KiwiSaver fund managed by Simplicity. It has 3,259 members and holds $205 million. It opened in 2016.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +4.0% a year
- Return over 3 years
- +4.7% a year
- Return over 5 years
- +1.8% 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 +1.8% 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 0.5 percentage points.
What it invests in
Cash and cash equivalents 32%, international fixed interest 30%, new zealand fixed interest 19%, international equities 14%.
Largest holdings
- Cash at Bank 12.96%
- Wstp Nfix3Fra + 73 06/07/2026 2.49%
- Simplicity Living Ltd Ordinary Shares 1.99%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +4.0% |
| 2024/25 | +4.1% |
| 2023/24 | +6.0% |
| 2022/23 | −3.0% |
| 2021/22 | −1.8% |
| 2020/21 | +7.2% |
| 2019/20 | +2.4% |
| 2018/19 | +5.3% |
| 2017/18 | +3.6% |
About this fund
The Simplicity Conservative Fund is a passively managed, index-tracking conservative fund with most assets in income investments — cash and fixed interest — and a limited allocation to shares and unlisted property (Simplicity Living). It is highly diversified (thousands of holdings across 20-plus countries) and ethically screened. Suggested for a minimum timeframe of three years, it has operated since 2016 and carries an annual fund charge of 0.25%.