Generate Investment Management Limited
Cashplus Fund
Generate KiwiSaver SchemeDefensive
What the provider says about this fund
The CashPlus Fund aims to provide a stable return over the very short term. It invests in an actively managed portfolio made up predominantly of income assets with a maturity of less than 1 year. This fund is useful if you plan to withdraw your KiwiSaver funds within the next 12 months and need certainty of the amount you intend to withdraw. Volatility is likely to be very low, however a negative return is still possible.
1-year return
2.50%
5-year return p.a.
1.42%
Total annual fee
0.55%
Fund size ($m)
131.9
Members
3,449
Inception date
16 May 2022
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Cash and equivalents | 94.46% | 100.00% | 48.53% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | ASB NZ Dollar Cash Account | Cash | Cash and Cash Equivalents | NZ | 10.26% |
| 2 | Mercury Sep 2026 bonds | Cash | Cash and Cash Equivalents | NZ | 9.11% |
| 3 | Infratil Dec 2026 bonds | Cash | Cash and Cash Equivalents | NZ | 8.69% |
| 4 | Rabobank 6 May 2026 NZCP | Cash | Cash and Cash Equivalents | NZ | 6.49% |
| 5 | Argosy Oct 2026 bonds | Cash | Cash and Cash Equivalents | NZ | 6.42% |
| 6 | Spark Sep 2026 bonds | Cash | Cash and Cash Equivalents | NZ | 6.26% |
| 7 | Investore Property Feb 2027 bonds | Cash | Cash and Cash Equivalents | NZ | 6.07% |
| 8 | BNZ Jun 2026 bonds | Cash | Cash and Cash Equivalents | NZ | 4.93% |
| 9 | Fonterra Co-op 14 Apr 2026 NZCP | Cash | Cash and Cash Equivalents | NZ | 4.62% |
| 10 | Vector Energy Oct 2026 bonds | Cash | Cash and Cash Equivalents | NZ | 4.58% |
Fees
0.55% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.37% | $111 | 0.46% |
| Other fees | 0.06% | $18 | 0.06% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 0.55% | $165 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2024 | 3.96% | 3.49% |
| 31 March 2025 | 4.83% | 3.79% |
| 31 March 2026 | 2.50% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Andrew Bolland | Portfolio Manager - Property & Infrastructure, Australasian Equities | 6 years, 9 months |
| Ayrton Oliver | Portfolio Manager - Fixed Income | 5 years |
| Daniel Frost | Portfolio Manager - Property & Infrastructure, Australasian Equities | 8 years, 2 months |
| Nathan Field | Portfolio Manager - Global Equities | 3 years, 1 month |
| Sam Goldwater | Chief Investment Officer/Investment Committee Member/Executive Director | 13 years |