Kiwi Wealth Cashplus

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Fund type: Defensive fund

Past Returns: 0.38%

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

Annual Fees: 0.72%

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.


Fossil Fuel

Contact Energy Ltd 4.63% 15 Nov 22 15/11/2022 0.61%
Williams Cos Inc/The 4.5% 15 Nov 23 15/11/2023 0.20%
Genesis Energy Ltd 5.81% 08 Mar 23 8/3/2023 0.16%
Contact Energy Ltd 3.55% 15 Aug 24 15/8/2024 0.08%
Contact Energy Ltd 4.33% 19 Nov 51 19/11/2051 0.02%

Gambling

Skycity Entertainment Group Ltd 3.02% 21 May 27 21/5/2027 0.12%

Alcohol

Constellation Brands Inc 4.35% 09 May 27 9/5/2027 0.20%
Diageo Capital Bv 1.5% 08 Jun 29 8/6/2029 0.05%

Human Rights & Environmental Violations

Johnson & Johnson 0.65% 20 May 24 20/5/2024 0.25%
Meta Platforms Inc 3.5% 15 Aug 27 15/8/2027 0.21%
Nestle Holdings Inc 4.125% 01 Oct 27 1/10/2027 0.20%
Wells Fargo & Co 3.75% 24 Jan 24 24/1/2024 0.18%
Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.12%
Mattel Inc 5.875% 15 Dec 27 15/12/2027 0.07%
Johnson & Johnson 0.55% 01 Sep 25 1/9/2025 0.05%
Chemours Co/The 5.375% 15 May 27 15/5/2027 0.03%
Johnson & Johnson 2.9% 15 Jan 28 15/1/2028 0.01%

Animal Testing

Unilever Capital Corp 2.9% 05 May 27 5/5/2027 0.28%
Constellation Brands Inc 4.35% 09 May 27 9/5/2027 0.20%
Nestle Holdings Inc 4.125% 01 Oct 27 1/10/2027 0.20%
Pilgrim'S Pride Corp 5.875% 30 Sep 27 30/9/2027 0.20%
Air Liquide Finance SA 2.5% 27 Sep 26 27/9/2026 0.18%
Nestle Holdings Inc 1% 15 Sep 27 15/9/2027 0.12%
Procter & Gamble Co/The 1.125% 02 Nov 23 2/11/2023 0.11%
Procter & Gamble Co/The 2.8% 25 Mar 27 25/3/2027 0.11%
Darling Ingredients Inc 5.25% 15 Apr 27 15/4/2027 0.06%
Kraft Heinz Foods Co 3.875% 15 May 27 15/5/2027 0.04%
Chemours Co/The 5.375% 15 May 27 15/5/2027 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 2022 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.

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
2022 -1.63% -1.57%
2021 1.50% 0.83%
2020 1.63% 1.88%
2019 2.29% 2.52%
2018 2.05% 2.15%
2017 1.53% 1.95%
2016 2.72% 2.75%
2015 4.23% 3.37%
2014 2.00% 2.15%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    6.66%
  • Bank Of New Zealand 4.261% 3/2/2023
    New Zealand Cash and Equivalents AAA
    4.54%
  • ASB Bank Term Deposit 3.76% 18/1/2023
    New Zealand Cash and Equivalents AA-
    3.03%
  • ANZ Bank Ltd Term Deposit 4.25% 22/3/2023
    New Zealand Cash and Equivalents AA-
    3.0%
  • Westpac New Zealand Term Deposit 3.81% 20/1/2023
    New Zealand Cash and Equivalents AA-
    2.7%
  • ANZ Bank Ltd Term Deposit 3.65% 31/1/2023
    New Zealand Cash and Equivalents AA-
    2.59%
  • Kiwibank Ltd Term Deposit 2.44% 4/10/2022
    New Zealand Cash and Equivalents A+
    2.38%
  • ANZ Bank Ltd Term Deposit 4.13% 30/3/2023
    New Zealand Cash and Equivalents AA-
    2.36%
  • Industrial & Commercial Bank Of China New Zealand Ltd Floating Rate 26/5/2025
    New Zealand Cash and Equivalents A
    1.65%
  • ANZ Bank Ltd Term Deposit 3.8% 27/1/2023
    New Zealand Cash and Equivalents AA-
    1.62%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 75.0% 63.52%
New Zealand Fixed Interest 25.0% 12.98%
International Fixed Interest 0.0% 23.5%
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 Fri Sept. 30th 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.25%
  • Animal Testing:
    1.53%
  • Fossil Fuels:
    1.08%
  • Gambling:
    0.12%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.13%
  • 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 Fri Sept. 30th 2022 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 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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The CashPlus Fund is invested up to 60% in fixed interest assets, and the remainder in cash assets. Its objective is to exceed the returns you would receive from investing 75% of your funds in New Zealand cash and 25% in New Zealand fixed interest assets through active asset allocation and active selection of cash and fixed interest assets."

Value $100M NZD
Period of data report Fri Sept. 30th 2022
Members 8,333
Fund started Fri June 1st 2012
Total annual fund fees 0.72%
Total performance based fees 0.0%
Manager's basic fee 0.72%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Steffan Berridge

Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (0 years, 10 months)
Previously: Head of Quantitative Investment - Kiwi Wealth Investments Limited Partnership (8 years, 2 months)

Diana Gordon

Currently: Deputy Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (0 years, 3 months)
Previously: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (9 years, 10 months)

Greg Hayton

Currently: NZ Fixed Income Portfolio Manager & Head of Cash - Kiwi Wealth Investments Limited Partnership (1 years, 10 months)
Previously: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (3 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

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.