Koura Wealth Limited

Cash Fund

Koura KiwiSaver SchemeDefensive

What the provider says about this fund

Invests in bank products, term deposits, and short dated money market instruments to provide a high degree of liquidity to investors.

1-year return

1.74%

5-year return p.a.

2.20%

Total annual fee

0.73%

Fund size ($m)

8.3

Members

763

Inception date

23 October 2019

The official Smart Investor risk indicator uses a scale from 1 to 7.

Lower riskHigher risk

Growth assets

0.00%

Income assets

100.00%

Asset class	Actual	Target	Average for Defensive funds
Cash and equivalents	100.00%	100.00%	48.53%

Rank	Asset	Asset class	Asset type	Country	% of fund
1	BNZ NZD Account	Cash	Cash and Cash Equivalents	NZ	79.62%
2	NZLGFA 1.5% 15/04/2026	Cash	Cash and Cash Equivalents	NZ	8.27%
3	BCHINA NFIX3FRA + 115 15/05/2026	Cash	Cash and Cash Equivalents	NZ	6.02%
4	ASBBNK 1.646% 04/05/2026	Cash	Cash and Cash Equivalents	NZ	5.85%
5	NZGB 0.5% 15/05/2026	Cash	Cash and Cash Equivalents	NZ	0.24%

0.73% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Defensive funds
Management fees	0.63%	$189	0.46%
Other fees	0.00%	$0	0.06%
Membership fees	0.10%	$30	0.05%
Total combined fees	0.73%	$219	0.57%

Name	Position	Time in role
David Moore	Investment Committee Member	6 years, 11 months
Nigel Scott	Director, Investment Committee Member	5 years, 4 months
Rupert Carlyon	Managing Director , Investment Committee Member	7 years, 7 months
Warren Couillault	Chairman, Investment Committee Member	6 years, 11 months