MAS KiwiSaver Cash Fund
The Cash Fund invests in a range of cash and cash equivalent investments. The Fund aims to achieve stable returns over the short term. It is suitable for investors who require an investment with very low volatility.
MAS is proud to be a New Zealand-owned insurance and investment company that’s been enhancing the financial health and wellbeing of our Members since 1921. Originally founded by doctors for doctors, today we support all New Zealand professionals and their families with a range of insurance and investment solutions to help grow your wealth and protect what’s important. As a mutual we're owned by our Members, so we have your best interests at heart and not a single dollar goes to offshore shareholders. If you'd like to discuss your insurance or investment requirements, we'd love to talk.
| Value | $20.9M NZD |
| Period of data report | 31st March 2026 |
| Members | 416 |
| Fund started | 22nd Dec. 2008 |
| Total annual fund fees | 0.25% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.24% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Hayden Griffiths |
Currently: Head of Asset Allocation, JBWere (29 years, 11 months)
|
|
Brendan O’Donovan |
Currently: Chair Investment Committee (8 years, 9 months)
|
|
Daniel Mead |
Currently: Head of Investment (2 years, 8 months)
|
|
Dev Archarya |
Currently: NZ Fixed Interest Manager, JBWere (0 years, 8 months)
|
|
Tom Phillips |
Currently: Senior Adviser, JBWere (21 years, 7 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2026.
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2026 | 2.08% | 2.76% |
| 2025 | 3.81% | 4.04% |
| 2024 | 3.51% | 3.85% |
| 2023 | -0.13% | 1.96% |
| 2022 | -1.68% | 0.54% |
| 2021 | 1.56% | 0.6% |
| 2020 | 1.64% | 1.28% |
| 2019 | 2.37% | 1.64% |
| 2018 | 2.05% | 1.73% |
| 2017 | 1.53% | 1.79% |
The market average is the average 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 31st March 2026.
Jbwere Premium Custody Call Account - NZD
New Zealand Cash and Equivalents
Kiwibank On Term @ 3.550% 27/01/2026 27/01/2027
New Zealand Cash and Equivalents A+
BNZ On Term @ 3.550% 09/02/2026 09/02/2027
New Zealand Cash and Equivalents AA-
Kiwibank On Term @ 3.650% 11/02/2026 11/02/2027
New Zealand Cash and Equivalents A+
Bank Of China On Term @ 3.500% 13/02/2026 15/02/2027
New Zealand Cash and Equivalents A
Kiwibank On Term @ 3.550% 16/03/2026 16/03/2027
New Zealand Cash and Equivalents A+
BNZ On Term @ 4.08% 04/06/2025 04/06/2026
New Zealand Cash and Equivalents AA-
Rabobank On Term @ 4.000% 23/09/2025 23/09/2026
New Zealand Cash and Equivalents A
Rabobank On Term @4.000% 08/10/2025 08/10/2026
New Zealand Cash and Equivalents A
Westpac On Term @3.500% 05/12/2025 07/12/2026
New Zealand Cash and Equivalents AA-
| 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% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2026.
This data is compiled by Mindful Money from the fund information and portfolios
that each
KiwiSaver
fund has
filed with the Disclose register to 31st March 2026 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, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
The Cash Fund invests in a range of cash and cash equivalent investments. The Fund aims to achieve stable returns over the short term. It is suitable for investors who require an investment with very low volatility.
MAS is proud to be a New Zealand-owned insurance and investment company that’s been enhancing the financial health and wellbeing of our Members since 1921. Originally founded by doctors for doctors, today we support all New Zealand professionals and their families with a range of insurance and investment solutions to help grow your wealth and protect what’s important. As a mutual we're owned by our Members, so we have your best interests at heart and not a single dollar goes to offshore shareholders. If you'd like to discuss your insurance or investment requirements, we'd love to talk.
| Value | $20.9M NZD |
| Period of data report | 31st March 2026 |
| Members | 416 |
| Fund started | 22nd Dec. 2008 |
| Total annual fund fees | 0.25% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.24% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Hayden Griffiths |
Currently: Head of Asset Allocation, JBWere (29 years, 11 months)
|
|
Brendan O’Donovan |
Currently: Chair Investment Committee (8 years, 9 months)
|
|
Daniel Mead |
Currently: Head of Investment (2 years, 8 months)
|
|
Dev Archarya |
Currently: NZ Fixed Interest Manager, JBWere (0 years, 8 months)
|
|
Tom Phillips |
Currently: Senior Adviser, JBWere (21 years, 7 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2026.
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2026 | 2.08% | 2.76% |
| 2025 | 3.81% | 4.04% |
| 2024 | 3.51% | 3.85% |
| 2023 | -0.13% | 1.96% |
| 2022 | -1.68% | 0.54% |
| 2021 | 1.56% | 0.6% |
| 2020 | 1.64% | 1.28% |
| 2019 | 2.37% | 1.64% |
| 2018 | 2.05% | 1.73% |
| 2017 | 1.53% | 1.79% |
The market average is the average 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 31st March 2026.
Jbwere Premium Custody Call Account - NZD
New Zealand Cash and Equivalents
Kiwibank On Term @ 3.550% 27/01/2026 27/01/2027
New Zealand Cash and Equivalents A+
BNZ On Term @ 3.550% 09/02/2026 09/02/2027
New Zealand Cash and Equivalents AA-
Kiwibank On Term @ 3.650% 11/02/2026 11/02/2027
New Zealand Cash and Equivalents A+
Bank Of China On Term @ 3.500% 13/02/2026 15/02/2027
New Zealand Cash and Equivalents A
Kiwibank On Term @ 3.550% 16/03/2026 16/03/2027
New Zealand Cash and Equivalents A+
BNZ On Term @ 4.08% 04/06/2025 04/06/2026
New Zealand Cash and Equivalents AA-
Rabobank On Term @ 4.000% 23/09/2025 23/09/2026
New Zealand Cash and Equivalents A
Rabobank On Term @4.000% 08/10/2025 08/10/2026
New Zealand Cash and Equivalents A
Westpac On Term @3.500% 05/12/2025 07/12/2026
New Zealand Cash and Equivalents AA-
| 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% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2026.
This data is compiled by Mindful Money from the fund information and portfolios
that each
KiwiSaver
fund has
filed with the Disclose register to 31st March 2026 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, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
