ASB NZ Cash Fund

Find an ethical fund »
Not Mindful
Type: Defensive fund
Past Returns: 1.34%

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 any membership and % management 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 Tue March 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 and research organisations.

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
2020 1.56% 1.08%
2019 2.36% 1.48%
2018 2.10% 1.47%
2017 1.65% 1.59%
2016 2.72% 2.26%
2015 4.23% 2.64%
2014 2.00% 2.1%
2013 3.15% 1.85%
2012 3.62% 1.73%
2011 3.17% 1.98%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    35.86%
  • Certificate Of Deposit Rcd ASB Bank 07/09/2020
    New Zealand Cash and Equivalents A-1+
    15.24%
  • Certificate Of Deposit Rcd ASB Bank 24/08/2020
    New Zealand Cash and Equivalents A-1+
    11.07%
  • Certificate Of Deposit Rcd ASB Bank 04/08/2020
    New Zealand Cash and Equivalents A-1+
    8.02%
  • Certificate Of Deposit Rcd ASB Bank 25/09/2020
    New Zealand Cash and Equivalents A-1+
    6.78%
  • Bank Of New Zealand Term Deposit 29/07/2020
    New Zealand Cash and Equivalents A-1+
    1.94%
  • BNZ Rolling Deposit 32 Day Notice Account NZD
    New Zealand Cash and Equivalents A-1+
    1.74%
  • Bank Of New Zealand Term Deposit 28/08/2020
    New Zealand Cash and Equivalents A-1+
    1.53%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.3%
  • Australia & New Zealand Bank Term Deposit 04/09/2020
    New Zealand Cash and Equivalents A-1+
    1.16%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 30th 2020.

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 Tue June 30th 2020.

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 Tue March 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 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

"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."

Value $740M NZD
Period of data report Tue June 30th 2020
Members 45,389
Fund started Tue Oct. 2nd 2007
Total annual fund fees 0.35%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Nigel Annett

Currently: Investment Committee member (6 years, 3 months)
Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)

Jonathan Beale

Currently: Investment Committee member (5 years, 10 months)
Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)

Adam Boyd

Currently: Investment Committee member (4 years, 1 months)
Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)

Graeme Edwards

Currently: Investment Committee Chairman (0 years, 8 months)
Previously: Investment Committee member (8 years, 6 months)

John Smith

Currently: Investment Committee member (9 years, 1 months)
Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.