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KIWI WEALTH KIWISAVER SCHEME

CASHPLUS

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.

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

Combined fees

This fund
0.79%
vs
Average
0.87%

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.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$0.00
Average
$28.42

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
0.79%
Average
0.68%
Annual management fee
0.79%
0.51%
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 $15,200 the annual fees would be approximately:

This fund
$120.08
Average
$132.24

Services

From the September 2018 KiwiSaver provider survey

This fund
88%
vs
Average
85%

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
95%
Average
87%

Communications to members

90%
85%

Other services

71%
83%

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 January 2014

This fund
2.49%
vs
Average
2.51%

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
2.00%
Average
1.22%

April 2017 - March 2018

2.15%
1.97%

April 2016 - March 2017

1.95%
1.28%

April 2015 - March 2016

2.75%
1.72%

April 2014 - March 2015

3.37%
2.83%

April 2013 - March 2014

2.15%
1.21%

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.

Must-knows of KiwiSaver returns.

More fund details

Defensive fund type

Which is the right type for me?

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

How this fund invests your money
Cash Bonds Property Shares Other
Assets 66 34 0 0 0

Fund information

Number of members
12,506
Total value of fund
$128,306,538
Date fund started
01 Jun 2012

More information

More information can be found at:

Top 10 investments

These assets make up 20.56% of this fund.

Top 10 investments
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

Key personnel

Key personnel
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