Funds

ASB NZ Cash Fund

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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.

This fund has no investments in issues of concern

Key:

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

Companies 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 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

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 $873M NZD
Period of data report 31st Dec. 2023
Members 40,711
Fund started 2nd Oct. 2007
Total annual fund fees 0.35%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Frank Jasper

Currently: Investment Committee member (1 years, 5 months)
Previously: Chief Investment Officer, Fisher Funds (previous position) (4 years, 0 months)

Jax Mitchell

Currently: Investment Committee member (1 years, 2 months)
Previously: GM Wealth, Insurance & Partnerships, ASB Bank (current position) (1 years, 2 months)

Stephen Moir

Currently: Investment Committee Chairman (0 years, 7 months)
Previously: Investment Committee member (2 years, 11 months)

Amie Nilsson (Not Named In The Previous Fund Update)

Currently: Investment Committee member (0 years, 7 months)
Previously: Chief Risk Officer, ASB Bank (current position) (0 years, 5 months)

Justine Sefton

Currently: Investment Committee member (1 years, 5 months)
Previously: Member/Deputy-Chair of the Impact Investment Network Aotearoa NZ (current position) (3 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 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% 2.27%
2022 -1.68% 0.34%
2021 1.56% 0.24%
2020 1.64% 1.08%
2019 2.37% 1.48%
2018 2.05% 1.47%
2017 1.53% 1.59%
2016 2.72% 2.26%
2015 4.23% 2.64%
2014 2.00% 2.1%

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 Dec. 2023.

Top 10 Investments

  • Westpac Deposit Acc
    New Zealand Cash and Equivalents A-1+
    34.9%
  • BNZ Deposit Acc
    New Zealand Cash and Equivalents A-1+
    28.43%
  • ASB Bank Ltd 100524 Rcd
    New Zealand Cash and Equivalents A-1+
    16.05%
  • Westpac New Zealand Ltd 240524 Rcd
    New Zealand Cash and Equivalents A-1+
    9.41%
  • ASB Bank Ltd 300424 Rcd
    New Zealand Cash and Equivalents A-1+
    8.9%
  • ASB Bank Ltd 240424 Rcd
    New Zealand Cash and Equivalents A-1+
    0.82%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    0.71%
  • ASB Bank Ltd 270524 Rcd
    New Zealand Cash and Equivalents A-1+
    0.7%
  • NZD BNP Paribas A/C
    New Zealand Cash and Equivalents A-1
    0.05%
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.

Target

Actual

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2023.