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Defensive fund type

Here's what the provider says about this fund:

The Cash Fund aims to generate income by constructing an actively managed investment portfolio of short term deposits and bonds whilst preserving capital value

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

Combined fees

This fund

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.

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Combined fees include

Membership fees per year

This fund

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
Annual management fee
Performance-based fees
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.

Must-knows of KiwiSaver fees.

Combined fees example

On a defensive fund of $15,200 the annual fees would be approximately:

This fund


From the September 2018 KiwiSaver provider survey

This fund
No survey
data yet

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. 

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Help with investment options

This fund
No survey data yet

Communications to members

No survey data yet

Other services

No survey data yet

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


Since January 2014

This fund
No 5-year
data yet

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
No 1-year data yet

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 77.49 22.51 0 0 0

Fund information

Number of members
Total value of fund
Date fund started
03 Apr 2018

More information

More information can be found at:

Top 10 investments

These assets make up 35.52% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
New Zealand fixed interest NZ 6.28 Kiwibank Limited 221121 Frn
Cash and cash equivalents NZ 5.46 New Zealand Tax Trading Co 150119
Cash and cash equivalents NZ 4.63 Asb Bank Ltd 080319 Frn
Cash and cash equivalents NZ 3.57 Anz Bank New Zealand Ltd 220319 Frn
Cash and cash equivalents NZ 3.08 Anz Bank New Zealand Ltd 181119 Frn
New Zealand fixed interest NZ 2.6 Bank Of New Zealand 150520 Frn
New Zealand fixed interest NZ 2.59 Bank Of New Zealand 140920 Frn
New Zealand fixed interest NZ 2.5 Rabobank 220321 Frn
Cash and cash equivalents NZ 2.49 Westpac Call Cash Account
Cash and cash equivalents NZ 2.32 Bank Of New Zealand 250619 5.57 Cb

Key personnel

Key personnel
Name Current position Time in role
Fergus Mcdonald Head Of Bonds And Currency 18 years, 6 months
Ian Bellew Fixed Income Manager 7 years, 0 months
Matthew Johnson Fixed Income Manager 0 years, 3 months
George Carter Managing Director 3 years, 2 months