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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.

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
0.58%
vs
Average
0.90%

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.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$30.00
Average
$29.10

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

This fund
0.34%
Average
0.67%
Annual management fee
0.34%
0.50%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.00%
0.12%

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.

Must-knows of KiwiSaver fees.

Combined fees example

On a defensive fund of $12,700 the annual fees would be approximately:

This fund
$73.18
Average
$114.30

Services

From the June 2017 KiwiSaver provider survey

This fund
93%
vs
Average
81%

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. 

Show survey categories

Compare services

Help with investment options

This fund
92%
Average
81%

Communications to members

96%
82%

Other services

90%
79%

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.

Must-knows of KiwiSaver service

Returns

Since April 2012

This fund
2.05%
vs
Average
2.39%

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.

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Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
1.52%
Average
1.26%

April 2016 - March 2017

1.59%
1.23%

April 2015 - March 2016

2.26%
1.90%

April 2014 - March 2015

2.64%
2.79%

April 2013 - March 2014

2.10%
1.21%

April 2012 - March 2013

1.85%
1.73%

April 2011 - March 2012

1.73%
1.94%

April 2010 - March 2011

1.98%
1.67%

April 2009 - March 2010

1.74%
1.60%

April 2008 - March 2009

5.02%
2.83%

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.

Must-knows of KiwiSaver returns.

More fund details

Defensive fund type

Which is the right type for me?

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

How this fund invests your money
Cash Bonds Property Shares Other
Assets 100 0 0 0 0

Fund information

Number of members
44,360
Total value of fund
$408,854,307
Date fund started
02 Oct 2007

More information

More information can be found at:

www.asb.co.nz

Top 10 investments

These assets make up 85.91% of this fund.

Top 10 investments
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

Key personnel

Key personnel
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