Smartshares Limited
NZ Cash Fund
SuperLife KiwiSaver SchemeDefensive
What the provider says about this fund
Invests in New Zealand cash (including term deposits) and is designed to provide a return (before tax, fees and other expenses) that outperforms the S&P/NZX Bank Bill 90-Day Index over rolling one-year periods.
1-year return
2.02%
5-year return p.a.
2.40%
Total annual fee
0.62%
Fund size ($m)
74.6
Members
3,169
Inception date
8 October 2007
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 | NZLGFA Bond 15/04/26 1.50% | Cash | Cash and Cash Equivalents | NZ | 3.31% |
| 2 | Rabobank FRN 08/12/26 | Cash | Cash and Cash Equivalents | NZ | 2.69% |
| 3 | Kiwibank TD 17/12/26 3.15% | Cash | Cash and Cash Equivalents | NZ | 2.53% |
| 4 | Toyota Finance New Zealand FRN 30/09/27 | Cash | Cash and Cash Equivalents | NZ | 2.41% |
| 5 | Bank Of New Zealand Bond 08/06/26 1.884 | Cash | Cash and Cash Equivalents | NZ | 2.38% |
| 6 | Transpower NZ FRN 14/09/26 | Cash | Cash and Cash Equivalents | NZ | 2.19% |
| 7 | Auckland Council FRN 04/10/27 | Cash | Cash and Cash Equivalents | NZ | 2.01% |
| 8 | Kiwibank TD 14/09/26 3.08% | Cash | Cash and Cash Equivalents | NZ | 1.69% |
| 9 | Westpac New Zealand TD 18/12/26 3.075% | Cash | Cash and Cash Equivalents | NZ | 1.68% |
| 10 | Westpac New Zealand TD 18/06/26 2.925% | Cash | Cash and Cash Equivalents | NZ | 1.68% |
Fees
0.62% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.50% | $150 | 0.46% |
| Other fees | 0.02% | $6 | 0.06% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.62% | $186 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 1.96% | 1.52% |
| 31 March 2018 | 1.82% | 2.07% |
| 31 March 2019 | 1.73% | 2.39% |
| 31 March 2020 | 1.34% | 1.67% |
| 31 March 2021 | 0.72% | 1.64% |
| 31 March 2022 | 0.57% | -1.81% |
| 31 March 2023 | 2.08% | -0.19% |
| 31 March 2024 | 3.70% | 3.49% |
| 31 March 2025 | 3.69% | 3.79% |
| 31 March 2026 | 2.02% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Jon Raby | Director - Smart | 5 months |
| Lisa Turnbull | Chief Executive Officer - Smart | 6 months |
| Stuart Kenneth Reginald Millar | Chief Investment Officer - Smart | 6 years, 10 months |