Fisher Funds Management Limited
Cash Fund
Fisher Funds KiwiSaver PlanDefensive
What the provider says about this fund
The Fund aims to provide stable returns and reduce the potential of capital loss over the short to medium term by investing in cash and New Zealand short term fixed interest assets.
1-year return
2.46%
5-year return p.a.
2.68%
Total annual fee
0.45%
Fund size ($m)
463.2
Members
21,706
Inception date
12 September 2012
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 | 100.00% | 100.00% | 48.53% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | ANZ 10 A/C - Current Accounts | Cash | Cash and Cash Equivalents | NZ | 8.55% |
| 2 | Bank of New Zealand 23/11/2026 FRN | Bonds | New Zealand Fixed Interest | NZ | 5.33% |
| 3 | NZ Local Government Funding Agency 15/04/27 4.50 | Bonds | New Zealand Fixed Interest | NZ | 5.00% |
| 4 | Westpac NZ Limited 06/07/2026 FRN | Cash | Cash and Cash Equivalents | NZ | 3.61% |
| 5 | Auckland Council 04/10/2027 FRN | Bonds | New Zealand Fixed Interest | NZ | 2.61% |
| 6 | NZ Local Government Funding Agency 15/04/26 1.50 | Cash | Cash and Cash Equivalents | NZ | 2.42% |
| 7 | Rabobank NZ Limited 05/04/2027 FRN | Bonds | New Zealand Fixed Interest | NZ | 2.29% |
| 8 | NZ Government Bond 15/04/2027 4.50 | Bonds | New Zealand Fixed Interest | NZ | 2.08% |
| 9 | Tax Traders Sovereign Inv Tst 28/07/26 | Cash | Cash and Cash Equivalents | NZ | 1.98% |
| 10 | NZ Local Government Funding Agency 15/05/28 2.25 | Bonds | New Zealand Fixed Interest | NZ | 1.96% |
Fees
0.45% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.36% | $108 | 0.46% |
| Other fees | 0.09% | $27 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.45% | $135 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 1.96% | 1.52% |
| 31 March 2018 | 1.97% | 2.07% |
| 31 March 2019 | 1.91% | 2.39% |
| 31 March 2020 | 1.43% | 1.67% |
| 31 March 2021 | 0.79% | 1.64% |
| 31 March 2022 | 0.46% | -1.81% |
| 31 March 2023 | 2.31% | -0.19% |
| 31 March 2024 | 4.19% | 3.49% |
| 31 March 2025 | 4.05% | 3.79% |
| 31 March 2026 | 2.46% | 2.09% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Other material information
- Other material information
- 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
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Ashley Gardyne | Chief Investment Officer | 4 years, 9 months |
| Matt Logan | Portfolio Manager - Credit | 1 year, 7 months |
| Quin Casey | Senior Portfolio Manager, Fixed Interest | 1 year, 8 months |