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Kiwisaver Conservative Fund

Pathfinder's KiwiSaver Conservative Fund aims to preserve your KiwiSaver balance, with some growth. 

Join the Conservative Fund 

Why Conservative?

Ethical investing to achieve modest returns with a lower risk exposure. 


Ethical investing to achieve modest returns with a lower risk focus, with a higher exposure to income assets and lower exposure to growth assets. The Fund's value is unlikely to fluctuate as much as the Balanced Fund or Growth Fund.

Past performance is no guarantee of future return. We encourage all investors to seek independent financial advice prior to making investment decisions.



1 month


6 months 


1 year


p.a. since inception*

Performance figures as of 31/12/22, and are after fees before tax. Past performance is no guarantee of future returns. We encourage all investors to seek independent financial advice prior to making investment decisions. *31/07/19 (date of inception)

Risk Level 

This Fund is suited to an investor with a lower tolerance to risk and a minimum investment timeframe of 3+ years. 

The rating reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. This risk indicator is not a guarantee of a fund’s future performance. The Fund does not have a five-year history. The risk indicators were prepared using relevant market index returns from April 2016 to July 2019 (when the Fund was not in exsistence) and its returns since then. While risk indicators are usually relatively stable, they do shift from time to time. You can see the most recent risk indicator in the latest fund update for the Funds.

Investor notes 

Ethical Approach

The Pathfinder KiwiSaver Balanced Fund has been designated a Certified Responsible Investment by RIAA (Responsible Investment Association Australasia).


A diversified selection of fixed interest investments and global companies that score highly on environmental, social and governance ratings. 

Target Investment

25.3% Cash & Cash Equivalents
25.8% New Zealand Fixed Interest
33.5% International Fixed Interest
3.6% Australasian Equities
6.8% International Equities
5.0% Other Assets

Number of Holdings


Asset Class

Cash (and Cash Equivalents),  NZ Fixed Income, International Fixed Income, Australasian Equities, International Equities, Listed Property, Other Assets

Investment horizon

3+ years


Morningstar® Target Allocation Index:
Conservative Multisector for New Zealand

Current Hedging Target

100% of non-NZD Fixed Income exposure
0% of other non-NZD exposure

Join the Conservative FundSee all  our Kiwisaver Funds

Compare our funds 

What fund type is best for you? It’s a personal decision to identify the fund that is correct for you – Growth, Balanced or Conservative.

Growth Fund Balanced Fund Conservative Fund
Return focus Medium to high Medium Modest
Risk focus Higher Medium Lower
Likely fluctuation in value More than the Balanced or Conservative Funds More than Conservative Fund but less than Growth Fund Less than both the Growth Fund and Balanced Fund
Minimum suggested time frame 10+ years (long term) 5+ years  3+ years
Estimated annual fund fees 1.29% p.a. 1.14% p.a. 0.84% p.a.

In addition to our management fee, an annual administration fee of $27 is also charged (except for balances below $1,000). There is no administration fee charged on accounts for minors. 

Join the Conservative FundSee all KiwiSaver Funds

Investor Documents

View & download these investor document packs

luca bravo ESkw2ayO2As unsplash copy KiwiSaver Factsheet
Conservative KS Fund hero image template KiwiSaver Conservative Fund Update 30/09/2022
daniel j schwarz L50EwWmAY2w unsplash 1.copy Pathfinder KiwiSaver Plan Product Disclosure Statement
daniel chicchon b5OzPlT1K0M unsplash Other Material Information (OMI)
martine jacobsen xpsgubqxs E unsplash Statement of Investment Policy and Objectives

Historical Fund Updates

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Freephone: 0800 ETHICAL (384 4225)

Auckland: 09 489 3802


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