Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Contact Energy Ltd 2.35% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 0.90%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2023 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.

About this fund

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 $615M NZD
Period of data report 30th Sept. 2023
Members 40,578
Fund started 1st Oct. 2007
Total annual fund fees 0.25%
Total performance based fees 0.0%
Manager's basic fee 0.25%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Nigel Jackson

Currently: Chief Executive Officer – BT Funds Management (NZ) Limited (1 years, 2 months)
Previously: Head of Investments (1 years, 6 months)

Philip Houghton-Brown

Currently: Head of Investment Solutions (3 years, 0 months)
Previously: Chief Investment Officer / Head of Investments, Mercer (8 years, 2 months)

Francois Richeboeuf

Currently: Senior Manager (12 years, 11 months)
Previously: Acting Head of Investment Solutions (0 years, 8 months)

Stephen Hong

Currently: Senior Portfolio Manager (11 years, 0 months)
Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

Nicola Fueng Tzi Tan

Currently: Senior Credit Analyst- Cash Portfolio Manager (0 years, 4 months)
Previously: Senior Credit Analyst, Bank of China NZ Ltd (0 years, 8 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

Past Returns

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
2023 -0.13% 2.25%
2022 -1.68% 0.48%
2021 1.56% 0.61%
2020 1.64% 1.19%
2019 2.37% 1.54%
2018 2.05% 1.56%
2017 1.53% 1.66%
2016 2.72% 2.23%
2015 4.23% 2.53%
2014 2.00% 2.13%

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 30th Sept. 2023.

Top 10 Investments

  • Toyota Frn 14/12/2023
    New Zealand Cash and Equivalents A+
    1.56%
  • Boc Call Account
    New Zealand Cash and Equivalents A
    1.56%
  • Rabobank Frn 16/06/2025
    New Zealand Cash and Equivalents A+
    1.25%
  • Rabobank Frn 16/03/2026
    New Zealand Cash and Equivalents A+
    1.21%
  • Westpac 45 Day Notice Deposit
    New Zealand Cash and Equivalents AA-
    1.15%
  • BNZ Rda 32 Day
    New Zealand Cash and Equivalents AA-
    1.05%
  • Westpac Frn 06/07/2026
    New Zealand Cash and Equivalents AA-
    1.05%
  • Mufg Bank Frn 05/11/2024
    New Zealand Cash and Equivalents A
    0.82%
  • Westpac Term Deposit 5.7073% 02/10/2023
    New Zealand Cash and Equivalents AA-
    0.81%
  • Westpac Term Deposit 6.038% 03/01/2024
    New Zealand Cash and Equivalents AA-
    0.81%
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%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.