KIWI WEALTH KIWISAVER SCHEME
Defensive fund type
Here's what the provider says about this fund:
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.
The combined fees are how much you would have been charged for the year ended 31 March 2018 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 $15,200 the annual fees would be approximately:
From the September 2018 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 January 2014
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 2017 - March 2018
April 2016 - March 2017
April 2015 - March 2016
April 2014 - March 2015
April 2013 - March 2014
The last twelve months refers to December 2017 to December 2018.
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 31 December 2018
This shows the actual mix of investments that this fund held on 31 December 2018. 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
- 01 Jun 2012
Top 10 investments
These assets make up 20.56% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Cash and cash equivalents||NZ||7.25||Westpac Nzd Account|
|International fixed interest||DE||1.83||Landwirtschaftliche Rentenbank Due 23/04/2024|
|Cash and cash equivalents||NZ||1.67||Westpac Term Deposit Due 3/01/2019|
|Cash and cash equivalents||NZ||1.67||Anz Bank Term Deposit Due 13/05/2019|
|Cash and cash equivalents||NZ||1.56||Anz Bank Term Deposit Due 27/05/2019|
|Cash and cash equivalents||NZ||1.52||Bnz Term Deposit Due 10/06/2019|
|Cash and cash equivalents||NZ||1.3||Westpac Term Deposit Due 27/05/2019|
|International fixed interest||DE||1.28||Kreditanstalt Fuer Wiederaufbau Due 7/03/2023|
|Cash and cash equivalents||NZ||1.26||Meridian Energy Limited Due 29/10/2019|
|Cash and cash equivalents||NZ||1.22||Westpac Term Deposit Due 6/05/2019|
|Name||Current position||Time in role|
|Simon O'Grady||Chief Investment Officer - Kiwi Wealth Investments Limited Partnership||6 years, 2 months|
|Diana Gordon||Head Of Fixed Interest - Kiwi Wealth Investments Limited Partnership||6 years, 4 months|
|Greg Hayton||Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership||9 years, 2 months|