ASB KiwiSaver Scheme
ASB NZ Cash Fund

In their own words: "The NZ Cash Fund aims to provide exposure to a portfolio of investment grade short term deposits and fixed interest investments with New Zealand registered banks, with a negative return expected less than one in every 50 years. We focus on cost effective management. The NZ Cash Fund invests in a target investment mix of 100% income assets."

At a glance:

Not Mindful
Type: Defensive fund
Past Returns: 1.51%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 0.34%

Annual fees, including membership and % management fee, assuming $10,000 investment.

More information:

A summary of this fund and it's details.

Number FND528
Name ASB NZ Cash Fund
Risk profile Defensive fund
Description The NZ Cash Fund aims to provide exposure to a portfolio of investment grade short term deposits and fixed interest investments with New Zealand registered banks, with a negative return expected less than one in every 50 years. We focus on cost effective management. The NZ Cash Fund invests in a target investment mix of 100% income assets.
Value $470M NZD
Members 39,925
Market index description The market index return is the target investment mix asset allocation weighted sum of the asset class market index return, where the target investment mix and asset class market indices are each as described in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Sun March 31st 2019
Fund started Tue Oct. 2nd 2007
Three-year average return 1.51%
Market index past year return 2.01%
Past year return net charges and tax 1.48
Past year return net of charges gross of tax 2.06
Market index return since fund started 2.72%
Return since fund started net 1.88%
Total annual fund fees 0.34
Total performance based fees 0.0
Manager's basic fee 0.34
Administration charges 0.0
Total other charges 30.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 2.26% 1.48%
2018 2.15% 1.47%
2017 1.38% 1.59%
2016 2.64% 2.26%
2015 4.66% 2.64%
2014 2.00% 2.1%
2013 3.15% 1.85%
2012 3.62% 1.73%
2011 3.17% 1.98%
2010 3.39% 1.74%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Showing the top 10 investments for this fund:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    43.54%
  • Certificate Of Deposit Rcd ASB Bank 23/05/2019
    New Zealand Cash and Equivalents A-1+
    17.59%
  • BNZ Rolling Deposit 32 Day Notice Account NZD
    New Zealand Cash and Equivalents A-1+
    11.63%
  • Certificate Of Deposit Rcd ASB Bank 08/05/2019
    New Zealand Cash and Equivalents A-1+
    5.59%
  • Certificate Of Deposit Rcd ASB Bank 04/07/2019
    New Zealand Cash and Equivalents A-1+
    2.47%
  • Australia & New Zealand Bank Term Deposit 05/06/2019
    New Zealand Cash and Equivalents A-1+
    1.42%
  • Australia & New Zealand Bank Term Deposit 04/06/2019
    New Zealand Cash and Equivalents A-1+
    1.32%
  • Australia & New Zealand Bank Term Deposit 05/04/2019
    New Zealand Cash and Equivalents A-1+
    1.18%
  • Australia & New Zealand Bank Term Deposit 03/05/2019
    New Zealand Cash and Equivalents A-1+
    0.98%
  • Australia & New Zealand Bank Term Deposit 30/05/2019
    New Zealand Cash and Equivalents A-1+
    0.93%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 100.0% 100.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Key Personnel

  • Adam Boyd

    Currently: Investment Committee member (2 years, 10 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (2 years, 10 months)

  • Gavin Walker

    Currently: Investment Committee Chairman (4 years, 7 months)
    Previously: Chairman, ASB Bank (current position) (7 years, 8 months)

  • John Smith

    Currently: Investment Committee member (7 years, 10 months)
    Previously: Head of Asset Management, ASB Bank (current position) (6 years, 10 months)

  • Jonathan Beale

    Currently: Investment Committee member (4 years, 7 months)
    Previously: General Manager Wealth, ASB Bank (current position) (4 years, 9 months)

  • Nigel Annett (Not Named In A Previous Fund Update)

    Currently: Investment Committee member (5 years, 0 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (0 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. Note that the Fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the Fund.

Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

Download the fund's disclosure statement and portfolio holdings.

This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.