ASB KiwiSaver Scheme
NZ Cash Fund
ASB Group Investments Limited
Defensive fund type
Here's what the provider says about this fund:
The NZ Cash Fund aims to provide exposure to a portfolio of investment grade short term deposits and fixed interest investments with New Zealand registered banks, with a negative return expected less than one in every 50 years. We focus on cost effective management. The NZ Cash Fund invests in a target investment mix of 100% income assets.
The combined fees are how much you would have been charged for the year ended 30 June 2017 on the average KiwiSaver balance.
All the averages you see are for this same type of fund, so you’re comparing apples with apples.
Combined fees include
Membership fees per year
Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.
+ Total fund fees
Annual management fee
Other fees and costs
Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.
Combined fees example
On a defensive fund of $12,700 the annual fees would be approximately:
From the June 2017 KiwiSaver provider survey
We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.
So this rating is more about the quantity than the quality of services.
Help with investment options
Communications to members
Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver.
More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.
These extras include a range of additional services that are helpful.
Since April 2012
Warning about returns!
These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.
Compare past returns
Last twelve months
April 2016 - March 2017
April 2015 - March 2016
April 2014 - March 2015
April 2013 - March 2014
April 2012 - March 2013
April 2011 - March 2012
April 2010 - March 2011
April 2009 - March 2010
April 2008 - March 2009
The last twelve months refers to July 2016 to June 2017.
In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.
More fund details
What’s in this fund
At 30 June 2017
This shows the actual mix of investments that this fund held on 30 June 2017. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.
How this fund invests your money
- Number of members
- Total value of fund
- Date fund started
- 02 Oct 2007
More information can be found at:
Top 10 investments
These assets make up 85.91% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Cash and cash equivalents||NZ||44.22||Westpac Money Market Deposit Account Nzd|
|Cash and cash equivalents||NZ||11.55||Certificate Of Deposit Rcd Asb Bank 22/08/2017|
|Cash and cash equivalents||NZ||11.35||Bnz Rolling Deposit 32 Day Notice Account Nzd|
|Cash and cash equivalents||NZ||9.7||Certificate Of Deposit Rcd Asb Bank 11/08/2017|
|Cash and cash equivalents||NZ||3.81||Certificate Of Deposit Rcd Asb Bank 11/09/2017|
|Cash and cash equivalents||NZ||1.16||Australia & New Zealand Bank Term Deposit 05/07/2017|
|Cash and cash equivalents||NZ||1.1||Australia & New Zealand Bank Term Deposit 01/09/2017|
|Cash and cash equivalents||NZ||1.04||Australia & New Zealand Bank Term Deposit 31/08/2017|
|Cash and cash equivalents||NZ||0.99||Australia & New Zealand Bank Term Deposit 29/08/2017|
|Cash and cash equivalents||NZ||0.99||Australia & New Zealand Bank Term Deposit 05/09/2017|
|Name||Current position||Time in role|
|Jonathan Beale||Investment Committee Member||2 years, 10 months|
|Adam Boyd||Investment Committee Member||1 years, 1 months|
|Graeme Edwards||Investment Committee Member||5 years, 6 months|
|John Smith||Investment Committee Member||6 years, 1 months|
|Gavin Walker||Investment Committee Chairman||2 years, 10 months|