Westpac Cash Fund

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Type: Defensive fund
Past Returns: 1.11%

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

Annual Fees: 0.35%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Dec. 31st 2020 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.

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.

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
2021 1.53% 0.61%
2020 1.60% 1.19%
2019 2.29% 1.54%
2018 2.00% 1.56%
2017 1.53% 1.66%
2016 2.72% 2.23%
2015 4.23% 2.53%
2014 2.00% 2.13%
2013 3.15% 2.01%
2012 3.62% 1.85%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Westpac 32 Day Notice Deposit
    New Zealand Cash and Equivalents AA-
    4.41%
  • BNZ 180 Day Rolling Deposit Account
    New Zealand Cash and Equivalents AA-
    2.04%
  • BNZ 90 Day Rolling Deposit Account
    New Zealand Cash and Equivalents AA-
    1.88%
  • NZ Treasury Bill 21/04/2021
    New Zealand Cash and Equivalents AAA
    1.01%
  • NZ Treasury Bill 05/05/2021
    New Zealand Cash and Equivalents AAA
    1.01%
  • NZ Treasury Bill 14/07/2021
    New Zealand Cash and Equivalents AAA
    1.0%
  • BNZ 32 Day Rolling Deposit Account
    New Zealand Cash and Equivalents AA-
    0.97%
  • Latitude New Zealand Credit Card Master Trust Series 2018-1 A 22/11/2021
    New Zealand Cash and Equivalents AAA
    0.81%
  • ASB Frn 22/02/2022
    New Zealand Cash and Equivalents AA-
    0.81%
  • NZ Treasury Bill 07/04/2021
    New Zealand Cash and Equivalents AAA
    0.8%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


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%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

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 concern
    Does this fund say it excludes this?
    Actual holdings
  • 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 is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Dec. 31st 2020 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.

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.

In their own words

"The Cash Fund aims to provide stable returns over the short term. The fund invests in income assets of a short term nature such as bank deposits floating rate notes and money market securities. Volatility is expected to be the lowest of the funds in the Westpac KiwiSaver Scheme."

Value $500M NZD
Period of data report Wed March 31st 2021
Members 42,243
Fund started Mon Oct. 1st 2007
Total annual fund fees 0.35%
Total performance based fees 0.0%
Manager's basic fee 0.27%
Administration charges 0.08%
Total other charges 22.0
Total other charges currency NZD

Key Personnel

Nigel Jackson

Currently: Head of Investments (0 years, 2 months)
Previously: Acting Head of Investments & Insurance (3 years, 10 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (0 years, 7 months)
Previously: Chief Investment Officer / Head of Investments Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Portfolio Manager (10 years, 5 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (8 years, 6 months)
Previously: Portfolio Manager AXA Global Investors (5 years, 9 months)

Andrew Winter

Currently: Implementation Portfolio Manager (0 years, 7 months)
Previously: Vice President Portfolio Analytics - Barclays (1 years, 11 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.