# Lifetime Conservative Fund

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** Lifetime (Lifetime Asset Management Limited)
- **Asset class:** Diversified Funds
- **Risk profile:** conservative
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The Lifetime Conservative Fund is a diversified managed fund run by Lifetime. NZ retirement-income specialist with a small range of conservative-through-growth diversified PIE funds.

## Fund data

- **Annual fund charge:** 0.99% p.a. (from the latest Quarterly Fund Update)
- **Risk indicator:** 3/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$2 million
- **Asset mix:** 23% growth assets · 77% income assets
- **Fund started:** 22 October 2024
- **Minimum initial investment:** NZ$1,000

## Top 10 holdings

1. Fisher Institutional New Zealand Fixed Interest Fund — 34.48%
2. Smart Wholesale Global Credit Fund — 17.39%
3. Smart Wholesale Global Government Bond Fund — 17.36%
4. Fisher Institutional New Zealand Cash Fund — 8.09%
5. Smart Wholesale Global Equity ESG Fund Unhedged — 5.21%
6. Smart Wholesale Global Equity ESG Fund Hedged — 5.04%
7. Cash at Bank — 3.64%
8. Simplicity NZ Share Fund — 2.86%
9. Kernel NZ Commercial Property Fund — 1.88%
10. Kernel Global Infrastructure (NZD Hedged) Fund — 1.68%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## How to invest

Available via: Lifetime directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Lifetime%20Conservative%20Fund
- **Product Disclosure Statement:** /disclose-document/mdo853de048693ebcdbd1299be3f462e9e2/Lifetime-Retirement-Funds-PDS---9-March-2026.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13081/OFR13082/FND51096/
- **Manager website:** https://lifetimeincome.co.nz

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

- **Canonical HTML:** https://managedfunds.nz/funds/lifetime/conservative/
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- **Structured data (JSON):** https://managedfunds.nz/funds/lifetime/conservative/data.json
- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
- **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt

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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.