Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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.
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|
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 Money Market Deposit Account NZD
New Zealand Cash and Equivalents A-1+43.77%
Certificate Of Deposit Rcd ASB Bank 18/06/2021
New Zealand Cash and Equivalents A-1+15.03%
Certificate Of Deposit Rcd ASB Bank 06/05/2021
New Zealand Cash and Equivalents A-1+13.35%
Certificate Of Deposit Rcd ASB Bank 28/05/2021
New Zealand Cash and Equivalents A-1+13.1%
Certificate Of Deposit Rcd ASB Bank 15/06/2021
New Zealand Cash and Equivalents A-1+11.49%
BNZ Rolling Deposit 32 Day Notice Account NZD
New Zealand Cash and Equivalents A-1+1.79%
ASB Bank Account NZD
New Zealand Cash and Equivalents A-1+1.14%
Australia & New Zealand Bank Term Deposit 17/05/2021
New Zealand Cash and Equivalents A-1+0.29%
Citibank Bank Account NZD
New Zealand Cash and Equivalents A-10.03%
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.
|Cash and Cash Equivalents||100.0%||100.0%|
|New Zealand Fixed Interest||0.0%||0.0%|
|International Fixed Interest||0.0%||0.0%|
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 concernDoes this fund say it excludes this?Actual holdings
Human Rights & Environmental Violations:0.00%
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
"To provide exposure to a portfolio of investment grade short term deposits and fixed interest investments with New Zealand registered banks. The number of years with negative returns are generally expected to be less than other funds in the ASB KiwiSaver Scheme. We focus on cost effective management. The NZ Cash Fund invests in a target investment mix of 100% income assets."
|Period of data report||Wed March 31st 2021|
|Fund started||Tue Oct. 2nd 2007|
|Total annual fund fees||0.35%|
|Total performance based fees||0.0%|
|Manager's basic fee||0.35%|
|Total other charges||30.0|
|Total other charges currency||NZD|
Currently: Investment Committee member (7 years, 0 months)
Currently: Investment Committee member (4 years, 10 months)
Currently: Investment Committee Chairman (1 years, 5 months)
Stephen Moir (Not Named In The Previous Fund Update)
Currently: Investment Committee member (0 years, 2 months)
Currently: Investment Committee member (9 years, 10 months)
Download the fund's disclosure statement and portfolio holdings.