BT Funds Management (NZ) Limited
Cash Fund
Westpac KiwiSaver SchemeDefensive
What the provider says about this fund
The Cash Fund aims to provide stable returns over the short term. The fund invests in income assets of a short term nature such as bank deposits, floating rate notes and money market securities. Volatility is expected to be the lowest of the funds in the Westpac KiwiSaver Scheme.
1-year return
2.45%
5-year return p.a.
2.67%
Total annual fee
0.25%
Fund size ($m)
709.7
Members
36,883
Inception date
1 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% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | BOC Call Account | Cash | Cash and Cash Equivalents | NZ | 4.50% |
| 2 | Rabobank FRN 05/04/2027 | Cash | Cash and Cash Equivalents | NZ | 1.86% |
| 3 | Rabobank FRN 19/06/2028 | Cash | Cash and Cash Equivalents | NZ | 1.68% |
| 4 | Westpac FRN 06/07/2026 | Cash | Cash and Cash Equivalents | NZ | 1.56% |
| 5 | Westpac 45 day Notice Deposit | Cash | Cash and Cash Equivalents | NZ | 1.46% |
| 6 | CCB FRN 02/11/26 | Cash | Cash and Cash Equivalents | NZ | 1.43% |
| 7 | BNZ FRN 23/11/2026 | Cash | Cash and Cash Equivalents | NZ | 1.13% |
| 8 | ICBCAS FRN 02/06/2026 | Cash | Cash and Cash Equivalents | NZ | 1.08% |
| 9 | ASB Bank FRN 18/10/2027 | Cash | Cash and Cash Equivalents | NZ | 1.00% |
| 10 | Rabobank FRN 12/08/2026 | Cash | Cash and Cash Equivalents | NZ | 0.96% |
Fees
0.25% 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 | 0.00% | $0 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.25% | $75 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 1.66% | 1.52% |
| 31 March 2018 | 1.56% | 2.07% |
| 31 March 2019 | 1.54% | 2.39% |
| 31 March 2020 | 1.19% | 1.67% |
| 31 March 2021 | 0.61% | 1.64% |
| 31 March 2022 | 0.48% | -1.81% |
| 31 March 2023 | 2.25% | -0.19% |
| 31 March 2024 | 4.18% | 3.49% |
| 31 March 2025 | 4.01% | 3.79% |
| 31 March 2026 | 2.45% | 2.09% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Other material information
- Other material information
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Andrew Twidle | Chief Executive Officer � BT Funds Management (NZ) Limited | 4 months |
| Andrew Winter | Portfolio Manager Diversified Funds | 2 years, 2 months |
| Nicola Fueng Tzi Tan | Senior Credit Analyst, Cash Portfolio Manager | 2 years, 9 months |
| Philip Houghton-Brown | Head of Investment Solutions | 5 years, 6 months |
| Stephen Hong | Senior Portfolio Manager | 13 years, 6 months |