QuayStreet Conservative

One in five dollars sits in cash, and nearly half is in New Zealand bonds, making this a fund built for stability rather than drama.

QuayStreet Conservative holds first place in its category over three years and over five years, delivering 8.1% and 4.4% annualised respectively. The most recent year brought 5.9%, placing it 9th. Total fees stand at 0.75%, split between a 0.67% management charge, 0.09% in other costs, and a 0.1% performance fee. The fund holds $34.6 million in assets. Growth holdings account for 20% of the portfolio, with Australasian shares at 9.5% and international shares at 10.5%, plus a small listed property stake. The remaining 80% sits in defensive assets: 44.3% in New Zealand bonds, 14.3% in international bonds, and 20.7% in cash. The single largest holding is a 20.4% cash position with ANZ. The bond portfolio leans heavily on domestic issuers, including ANZ subordinated notes, Local Government Funding Agency bonds, Vector, Channel Infrastructure, and the major banks. One inflation-linked government bond appears in the top ten. The structure reflects a low-risk mandate, with domestic fixed income and cash forming the core.

General information only, not financial advice. Past performance is not a reliable indicator of future results.