Use our online risk profiler to help you understand your attitude towards investment risk and help you decide which option may suit your needs.
Russell LifePoints® Conservative Fund
Summary of investment objectives and strategy
For information on how this fund has performed and what fees were charged see the latest fund update.
Produce returns over time in excess of inflation.
You can find an explanation of the different asset types here.
Minimum suggested timeframe for holding the investment:
Fees and charges
Member fee of $49.80 per annum, payable monthly. If you are under 18 this fee is reduced to $40. Annual fund charges of 1.12% (estimated percentage of your account balance).
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See understanding the risk indicator for more information.
Understanding the risk indicator
The risk indicator is rated from 1 (low) to 7 (high). 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.
Explanation of asset types
To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile here. Note that even the lowest category does not mean a risk-free investment, and there are other risks that are not captured by this rating. Find out more about these in the product disclosure statement under the heading ‘Other specific risks’.
This risk indicator is not a guarantee of a fund’s future performance. The risk indicator is based on the returns data for the five years to 31 December 2018. 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 each fund.
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Cash and cash equivalents - One of the main kinds of investments that pays interest. Includes term deposits, floating rates notes and money market accounts.
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New Zealand fixed interest – A kind of investment, such as a bond or term deposit, that is issued in New Zealand and that pays the investor interest payments over a set period of time (at rates that are fixed or agreed when the investment is made).
International fixed interest – A kind of investment, such as a bond or a term deposit, that is issued outside of New Zealand and that pays the investor interest payments over a set period of time (at rates that are fixed or agreed when the investment is made).
Australasian shares – A kind of investment that gives part ownership in a company and can bring returns from profits shared by the company (dividends) or from selling the shares for more than you paid. Shares are growth assets and are also known as equities or stocks. Australasian shares are those issued by New Zealand or Australian companies.
International shares – A kind of investment that gives part ownership in a company and can bring returns from profits shared by the company (dividends) or from selling the shares for more than you paid. Shares are growth assets and are also known as equities or stocks. International shares are those issued by companies outside of New Zealand and may also exclude Australian shares.
Listed property – Real estate investment trusts (REITs) and property companies that are listed on a securities exchange, and whose business is property ownership, property funds management or property development.
Alternatives – Kinds of investments other than the traditional asset classes of cash, bonds, property and shares. Examples of alternative investments include real estate, commodities, venture capital, private equity and hedge funds (single or multi manager) which may include derivatives.