Kiwi Wealth Cash
In their own words: "The Cash Fund is invested 100% in cash assets. Its objectiveis to exceed the returns you would receive from investing100% of your funds in New Zealand cash through the activeselection of cash assets."
At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee.
A summary of this fund and it's details.
|Name||Kiwi Wealth Cash|
|Risk profile||Defensive fund|
|Description||The Cash Fund is invested 100% in cash assets. Its objectiveis to exceed the returns you would receive from investing100% of your funds in New Zealand cash through the activeselection of cash assets.|
|Market index description||The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the Disclose offer register at https://disclose-register.companiesoffice.govt.nz/|
|Disclosure Statement Period||Mon Sept. 30th 2019|
|Fund started||Wed Sept. 12th 2012|
|Three-year average return||*1.94%|
|Market index past year return||1.88%|
|Past year return net charges and tax||1.81%|
|Past year return net of charges gross of tax||2.52%|
|Market index return since fund started||2.58%|
|Return since fund started net||2.26%|
|Total annual fund fees||0.63%|
|Total performance based fees||0.0%|
|Manager's basic fee||0.62%|
|Total other charges||0.0|
|Total other charges currency||NZD|
The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.
|Year||Market Average||Fund Annual Return|
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 30 September 2019.
Showing the top 10 investments for this fund:
Westpac NZD Account
New Zealand Cash and Equivalents AA-9.34%
Mufg Bank Ltd/Auckland Due 4/4/2022
New Zealand Cash and Equivalents A2.38%
Meridian Energy Ltd Due 29/10/2019
New Zealand Cash and Equivalents BBB+1.99%
Westpac Term Deposit 14/2/2022
New Zealand Cash and Equivalents AA-1.75%
Auckland International Airport Ltd 11/4/2020
New Zealand Cash and Equivalents A-1.59%
ASB Term Deposit Due 22/2/2022
New Zealand Cash and Equivalents AA-1.59%
ANZ Term Deposit 18/11/2019
New Zealand Cash and Equivalents AA-1.43%
ASB Term Deposit Due 19/1/2021
New Zealand Cash and Equivalents AA-1.33%
Rabobank New Zealand Term Deposit 22/3/2021
New Zealand Cash and Equivalents A+1.06%
Christchurch City Council 20/3/2020
New Zealand Cash and Equivalents A+0.26%
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||100.0%||100.0%|
|New Zealand Fixed Interest||0.0%||0.0%|
|International Fixed Interest||0.0%||0.0%|
Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 1 months)
Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management New York (10 years, 10 months)
Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (9 years, 11 months)
Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)
Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (9 years, 4 months)
Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)
Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (6 years, 11 months)
Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)
Currently: Senior Quantitative Strategist – Kiwi Wealth Investments Limited Partnership (6 years, 0 months)
Previously: Portfolio Manager - Man Group PLC (9 years, None months)
Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.
Issue of concernIs it excluded?Portfolio analysis
Human Rights & Environmental Violations:0.00%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. 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.
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.
Note that 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
Specific companies invested in:
Download the fund's disclosure statement and portfolio holdings.