The Pie KiwiSaver Conservative Fund seeks to preserve members’ capital with modest capital growth over a period exceeding three years. The Fund invests primarily in fixed interest and cash, with an allocation to equities, directly and/or through investment in the Pie KiwiSaver Balanced fund and/or through other funds also managed by Pie Funds.

A lower-risk conservative fund could be good for you if you're not confident with investing, or will be withdrawing your money in a period exceeding three years. Your money will experience fewer ups and downs, but your returns usually won't be as high.

This Fund has a risk rating of 3 out of 7 (low to medium risk).

Please read the Product Disclosure Statement (PDS) and Statement of Investment Policy and Objectives (SIPO) for more information, including details of the risks associated with this fund.


Annualised since inception (before fees before tax)


Unit price as at


Returns as at 31 May 2024

Fund Performance

Cumulative return since inception

Past performance is not a guarantee of future returns. All figures are calculated before fees and before any applicable tax.

Portfolio Team


Mike Taylor

Founder and Chief Investment Officer (NZ)

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Travis Murdoch

Head of Fixed Income and Portfolio Manager (NZ)

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Click on the links below to view more information about this fund
Fact Sheet
Product Disclosure Statement
Statement of Policy and Objectives (SIPO)
Latest Quarterly Update