Booster Investment Management Limited
Enhanced Cash Fund
Booster KiwiSaver SchemeDefensive
What the provider says about this fund
The Enhanced Cash Fund is suited to investors who seek a modest positive return over both the short and long term. We aim to achieve this by investing entirely in income assets.
1-year return
1.98%
5-year return p.a.
2.09%
Total annual fee
0.87%
Fund size ($m)
102.2
Members
4,965
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 100.00% | 100.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 0.00% | 0.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 0.00% | 0.00% | 28.46% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NZ Cash (BNZ Bank Trust Account) | Cash | Cash and Cash Equivalents | NZ | 12.88% |
| 2 | BNZ Bank Bill 28/04/2026 | Cash | Cash and Cash Equivalents | NZ | 10.14% |
| 3 | Westpac Treasury - TD 08 Jul 2026 @ 2.997 | Cash | Cash and Cash Equivalents | NZ | 6.18% |
| 4 | Westpac Treasury - TD 23 Apr 2026 @ 3.466 | Cash | Cash and Cash Equivalents | NZ | 5.25% |
| 5 | ASB Bank Investments - TD 20 Apr 2026 @ 3.570 | Cash | Cash and Cash Equivalents | NZ | 5.21% |
| 6 | KiwiBank TD - NZPT 21 Oct 2026 @ 2.850 | Cash | Cash and Cash Equivalents | NZ | 5.14% |
| 7 | Westpac Treasury - TD 06 Oct 2026 @ 3.000 | Cash | Cash and Cash Equivalents | NZ | 5.12% |
| 8 | KiwiBank TD - NZPT 13 Oct 2026 @ 3.070 | Cash | Cash and Cash Equivalents | NZ | 5.11% |
| 9 | Westpac Treasury - TD 16 Jul 2026 @ 2.935 | Cash | Cash and Cash Equivalents | NZ | 5.11% |
| 10 | KiwiBank TD - NZPT 20 Oct 2026 @ 3.050 | Cash | Cash and Cash Equivalents | NZ | 5.11% |
Fees
0.87% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.75% | $225 | 0.46% |
| Other fees | 0.00% | $0 | 0.06% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 0.87% | $261 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 1.41% | 1.52% |
| 31 March 2018 | 1.36% | 2.07% |
| 31 March 2019 | 1.41% | 2.39% |
| 31 March 2020 | 1.03% | 1.67% |
| 31 March 2021 | 0.18% | 1.64% |
| 31 March 2022 | 0.18% | -1.81% |
| 31 March 2023 | 1.74% | -0.19% |
| 31 March 2024 | 3.30% | 3.49% |
| 31 March 2025 | 3.30% | 3.79% |
| 31 March 2026 | 1.98% | 2.09% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Aaron Usher | Senior Manager – Investment Strategy | 3 months |
| Diana Gordon | Senior Portfolio Manager – Fixed Interest | 4 months |
| Nic Craven | Investment Committee Member | 10 months |
| Simon O'grady | Chief Investment Officer | 6 months |
| Steffan Berridge | Senior Manager - Global Investments | 2 months |