Kiwi Wealth Cashplus

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Not Mindful
Type: Defensive fund
Past Returns: 2.18%

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

Annual Fees: 0.75%

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.


Fossil Fuel

Bp Capital Markets Plc 10/2/2024 0.27%
Chevron Corp 16/5/2021 0.16%
Total Capital International Sa 2/9/2020 0.16%
Aker Bp Asa 15/6/2024 0.13%
Total Capital International Sa 19/6/2021 0.06%
Oneok Partners Lp 15/9/2023 0.03%
Oneok Partners Lp 15/3/2025 0.03%
Total Capital International 4.25% 26/11/2021 26/11/2021 0.01%

Gambling

William Hill Plc 7/9/2023 0.12%

Alcohol

Constellation Brands Inc 1/5/2021 0.13%

Human Rights & Environmental Violations

Johnson & Johnson 20/5/2024 0.31%
Johnson & Johnson 15/1/2028 0.02%

Animal Testing

Johnson & Johnson 20/5/2024 0.310%
Tesco Corporate Treasury Services Plc 1/7/2024 0.180%
Ecolab Inc 8/12/2021 0.160%
Procter & Gamble Co/The 2/11/2023 0.130%
Danone Sa 15/6/2022 0.030%
Johnson & Johnson 15/1/2028 0.020%

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 June 30th 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.

A summary of this fund and its details.

Number FND551
Name Kiwi Wealth Cashplus
Risk profile Defensive fund
Description The CashPlus Fund is invested up to 60% in fixed interestassets, and the remainder in cash assets. Its objective is toexceed the returns you would receive from investing 75% ofyour funds in New Zealand cash and 25% in New Zealand fixedinterest assets through active asset allocation and activeselection of cash and fixed interest assets.
Value $120M NZD
Members 10,692
Market index description The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indicies are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the Disclose offer register at https://disclose-register.companiesoffice.govt.nz/
Period of data report Tue June 30th 2020
Fund started Fri June 1st 2012
Three-year average return 2.18%
Market index past year return 2.32%
Past year return net of charges and tax 2.33%
Past year return net of charges gross of tax 3.0%
Market index return since fund started 2.95%
Return since fund started net 2.54%
Total annual fund fees 0.75%
Total performance based fees 0.0%
Manager's basic fee 0.74%
Administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (7 years, 10 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management, New York (10 years, 10 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (10 years, 8 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney. (4 years, 6 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (10 years, 1 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, 0 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (7 years, 8 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months)

  • Steffan Berridge

    Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, None months)

  • Steffan Berridge

    Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, 0 months)

  • Steffan Berridge

    Currently: Head of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership (6 years, 9 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, None months)

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

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% 1.88%
2019 2.36% 2.52%
2018 2.10% 2.15%
2017 1.65% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    9.42%
  • New Zealand Treasury Bill 23/9/2020
    New Zealand Cash and Equivalents AA+
    2.42%
  • New Zealand Local Government Funding Agency Bond 14/4/2033
    New Zealand NZ Fixed Interest AA+
    1.99%
  • ANZ Bank Term Deposit 10/8/2020
    New Zealand Cash and Equivalents AA-
    1.82%
  • ASB Term Deposit 17/12/2020
    New Zealand Cash and Equivalents AA-
    1.82%
  • Landwirtschaftliche Rentenbank 23/4/2024
    Germany Int Fixed Interest AAA
    1.46%
  • New Zealand Local Government Funding Agency Bill 7/10/2020
    New Zealand Cash and Equivalents AA+
    1.45%
  • ANZ Bank Term Deposit 22/10/2020
    New Zealand Cash and Equivalents AA-
    1.4%
  • ANZ Bank Term Deposit 24/8/2020
    New Zealand Cash and Equivalents AA-
    1.4%
  • Kommunalbanken As 20/8/2025
    Norway Int Fixed Interest AAA
    1.37%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 75.0% 65.5%
New Zealand Fixed Interest 25.0% 15.09%
International Fixed Interest 0.0% 19.41%
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 30 June 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:
    0.13%
  • Animal Testing:
    0.83%
  • Fossil Fuels:
    0.85%
  • Gambling:
    0.12%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.33%
  • 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 June 30th 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: "The CashPlus Fund is invested up to 60% in fixed interestassets, and the remainder in cash assets. Its objective is toexceed the returns you would receive from investing 75% ofyour funds in New Zealand cash and 25% in New Zealand fixedinterest assets through active asset allocation and activeselection of cash and fixed interest assets."

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.