ASB Group Investments Limited
NZ Cash Fund
ASB KiwiSaver SchemeDefensive
What the provider says about this fund
To provide exposure to a portfolio of investment grade short term deposits and fixed interest investments with New Zealand registered banks. The number of years with negative returns are generally expected to be less than other funds in the ASB KiwiSaver Scheme. We focus on cost effective management. The NZ Cash Fund invests in a target investment mix of 100% income assets.
1-year return
2.05%
5-year return p.a.
2.44%
Total annual fee
0.35%
Fund size ($m)
921.0
Members
37,006
Inception date
2 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
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% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | WESTPAC DEPOSIT ACC | Cash | Cash and Cash Equivalents | NZ | 41.40% |
| 2 | ASB BANK LTD 180926 RCD | Cash | Cash and Cash Equivalents | NZ | 9.75% |
| 3 | BNZ DEPOSIT ACC | Cash | Cash and Cash Equivalents | NZ | 8.54% |
| 4 | RABOBANK NEDERLANDNZ 200229 FRN | Cash | Cash and Cash Equivalents | NZ | 6.91% |
| 5 | MUFG BANK LTD 240926 RCD | Cash | Cash and Cash Equivalents | NZ | 5.35% |
| 6 | MUFG BANK LTD 100926 RCD | Cash | Cash and Cash Equivalents | NZ | 4.85% |
| 7 | BANK OF NEW ZEALAND 100926 RCD | Cash | Cash and Cash Equivalents | NZ | 3.06% |
| 8 | ASB Bank Account NZD | Cash | Cash and Cash Equivalents | NZ | 2.96% |
| 9 | ASB BANK LTD 050526 RCD | Cash | Cash and Cash Equivalents | NZ | 2.94% |
| 10 | BANK OF NEW ZEALAND 170626 RCD | Cash | Cash and Cash Equivalents | NZ | 2.72% |
Fees
0.35% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.35% | $105 | 0.46% |
| Other fees | 0.00% | $0 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.35% | $105 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 1.59% | 1.52% |
| 31 March 2018 | 1.47% | 2.07% |
| 31 March 2019 | 1.48% | 2.39% |
| 31 March 2020 | 1.08% | 1.67% |
| 31 March 2021 | 0.24% | 1.64% |
| 31 March 2022 | 0.34% | -1.81% |
| 31 March 2023 | 2.27% | -0.19% |
| 31 March 2024 | 3.97% | 3.49% |
| 31 March 2025 | 3.62% | 3.79% |
| 31 March 2026 | 2.05% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Frank Jasper | Investment Committee member | 3 years, 8 months |
| Jax Mitchell | Investment Committee member | 3 years, 5 months |
| Jonathan Oram | Investment Committee member | 1 year, 11 months |
| Justine Sefton | Investment Committee member | 3 years, 8 months |
| Stephen Moir | Investment Committee Chairman | 2 years, 10 months |