FundRock NZ Limited
InvestNow Macquarie NZ Cash Fund
InvestNow KiwiSaver SchemeDefensive
What the provider says about this fund
Provides exposure to an actively managed portfolio of bank bills, floating rate notes and short term deposits and securities, and is a very low risk investment product that targets capital security. Environmental, Social and Governance characteristics are integrated into the investment process where applicable
1-year return
2.17%
5-year return p.a.
2.50%
Total annual fee
0.30%
Fund size ($m)
8.0
Members
384
Inception date
23 October 2020
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
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 | Mercer Macquarie NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 100.00% |
Fees
0.30% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.25% | $75 | 0.46% |
| Other fees | 0.05% | $15 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.30% | $90 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2022 | 0.38% | -1.81% |
| 31 March 2023 | 2.31% | -0.19% |
| 31 March 2024 | 4.03% | 3.49% |
| 31 March 2025 | 3.65% | 3.79% |
| 31 March 2026 | 2.17% | 2.09% |
Documents
- Latest fund update
- Other material information
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anthony Sowerby | Investment Committee Member | 6 years |
| Jason Choy | Investment Committee Member | 3 years, 8 months |
| Kimi David | Investment Committee Member | 1 year, 1 month |
| Mike Heath | Investment Committee Member | 6 years |