Asb Kiwisaver Scheme
Nz Cash Fund
The Smiths take
Nz Cash Fund Smiths Rating B+
Smiths' editorial rating, our internal opinion based on 10-year returns, fees, and risk band fit. Not a formal credit rating or regulated star rating.
The fund matches or beats the group average on the standard Sorted measures. Read the full breakdown below.
General information only · Past performance is not a reliable indicator of future performance · For personal advice please contact us.
At a glance
This fund is for investors seeking
Three quick reads for whether the Nz Cash Fund fits your situation.
A 1+ year timeframe
This is a defensive KiwiSaver fund. The provider's recommended minimum holding period sits in the 1+ year range.
A lower-risk investment
Sorted's risk indicator places this at 2 on a 1–7 scale. Smaller swings, lower long-term returns.
Mostly income assets
0% growth assets (shares, property) and 100% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
0.00% / 100.00%
Growth / Income · avg 0.36% / 99.64%
Fees
0.35%
$105 on $30k · avg 1.22%
5-yr return
2.37%
Annualised, after fees & 28% PIR · avg 2.37%
What the provider says
In their own words
“To provide exposure to a portfolio of investment grade short term deposits and fixed interest investments with New Zealand registered banks. The number of years with negative returns are generally expected to be less than other funds in the ASB KiwiSaver Scheme. We focus on cost effective management. The NZ Cash Fund invests in a target investment mix of 100% income assets.”
- Fund start date
- 2 October 2007
- Withdrawal rules
- This is a KiwiSaver fund. generally you can withdraw only to purchase a first home, after the age of 65, or in cases of significant financial hardship.
Asset mix
What this fund actually holds
Growth assets are 0.00% of the fund, income assets the rest. The mix is the latest snapshot from Sorted, with the average for this risk band's KiwiSaver funds shown alongside.
- Sharesthis fundavg
0.00%
avg 0.23%
- Propertythis fundavg
0.00%
avg 0.14%
- Otherthis fundavg
0.00%
avg 0.00%
- Bondsthis fundavg
0.00%
avg 50.54%
- Cashthis fundavg
100.00%
avg 49.09%
What it owns
Top 10 holdings. 99.07% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
Westpac Deposit Acc
Cash
Cash and Cash EquivalentsNZ43.71%Bnz Deposit Acc
Cash
Cash and Cash EquivalentsNZ30.14%Mufg Bank Ltd 180326 Rcd
Cash
Cash and Cash EquivalentsNZ9.12%Mufg Bank Ltd 170426 Rcd
Cash
Cash and Cash EquivalentsNZ5.32%Asb Bank Ltd 170426 Rcd
Cash
Cash and Cash EquivalentsNZ2.87%Asb Bank Ltd 210126 Rcd
Cash
Cash and Cash EquivalentsNZ2.78%Asb Bank Ltd 050526 Rcd
Cash
Cash and Cash EquivalentsNZ2.71%Asb Bank Ltd 280526 Rcd
Cash
Cash and Cash EquivalentsNZ1.06%Asb Bank Account Nzd
Cash
Cash and Cash EquivalentsNZ0.72%Bank Of New Zealand 050526 Rcd
Cash
Cash and Cash EquivalentsNZ0.64%
Fees breakdown
What you actually pay
Modelled on a $30,000 balance held for one full year. Each line shows this fund's % and dollar cost vs. the average for funds in the same risk band.
Management
Charged by the fund manager, % of your balance.
0.35%
avg 0.47%
$105
avg $140
−0.12%Other
Other potential costs not in the categories below.
0.00%
avg 0.23%
-
avg -
−0.23%Performance-based
Higher when the fund (or underlying fund) performs well.
0.00%
avg -
$0
avg -
Membership
A flat annual fee, regardless of balance or performance.
0.00%
avg 0.05%
$0
avg $15
−0.05%
Total combined fees
Doesn't include fees for one-off activities like transferring or withdrawing.
0.35%
avg 1.22%
$105
avg $366
Yearly returns
2.37% per year over 5 years
Each bar is the 12-month return ending in March, after fees and 28% PIR. Past performance is not a reliable indicator of future performance.
Returns: living in the past
Seeking returns is the point of investing, but the ones shown above are already gone. they won't continue. Pick a fund based on the right mix for your situation and reasonable fees, not on past returns.
Risk indicator
Sorted risk rating: 2 of 7
The Sorted risk indicator is calculated from the last 5 years of price volatility. Higher = more ups and downs but typically higher long-term returns.
Fund details
The unsexy stats that matter
- Total fund value
- $865,705,722
- Members
- 36,591
- Asset liquidity ratio
- 100.00%
- Debt ratio
- 0.00%
- Default KiwiSaver fund
- No
- Fund reference
- FND528
Manager
Asb Kiwisaver Scheme
Licensed with the Financial Markets Authority.
- NZBN
- 9429039025791
- FSP number
- FSP29024
Smiths Health Check
Is the Nz Cash Fund actually the right fund for you?
Take the 90-second Health Check. We'll grade your current setup, tell you what it's costing you, and recommend the best fit from our advised panel, benchmarked against every fund in the directory, not just asb.
Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →