BNZ KiwiSaver Cash Fund

In their own words: "The Cash Fund invests in income assets which generally have lower risks and returns, including New Zealand short term cash securities (on call bank deposits) and cash equivalent securities (bank term deposits, bonds, bills and floating rate notes with maturities less than 365 days). It aims to achieve stable returns over the short term."

Not Mindful
Type: Defensive fund
Past Returns: 1.75%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 0.3%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND514
Name BNZ KiwiSaver Cash Fund
Risk profile Defensive fund
Description The Cash Fund invests in income assets which generally have lower risks and returns, including New Zealand short term cash securities (on call bank deposits) and cash equivalent securities (bank term deposits, bonds, bills and floating rate notes with maturities less than 365 days). It aims to achieve stable returns over the short term.
Value $170M NZD
Members 15,976
Market index description based on the Bloomberg NZBond Bank Bill index
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Feb. 11th 2013
Three-year average return 1.75%
Market index past year return 1.66%
Past year return net charges and tax 1.45%
Past year return net of charges gross of tax 2.04%
Market index return since fund started 2.49%
Return since fund started net 1.89%
Total annual fund fees 0.3%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Administration charges 0.0%
Total other charges 23.4
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 2.26% 1.69%
2018 2.15% 1.68%
2017 1.38% 1.88%
2016 2.64% 1.95%
2015 4.66% 2.3%
2014 2.00% 2.37%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Nikko AM Wholesale NZ Cash Fund Two
    New Zealand Cash and Equivalents
    11.44%
  • Westpac Compound Account NZD
    New Zealand Cash and Equivalents AA-
    7.69%
  • ANZ Bank New Zealand Ltd 110520 4.48 Cb
    New Zealand NZ Fixed Interest AA-
    6.38%
  • Bank Of New Zealand 180620 4.426 Cb
    New Zealand NZ Fixed Interest AA-
    5.78%
  • Ird Deposit Nzttc 2.15% 19/12/2019 21/01/2020
    New Zealand Cash and Equivalents AA+
    4.7%
  • ASB Bank Ltd 270220 Frn
    New Zealand NZ Fixed Interest AA-
    4.27%
  • Asbbnk Term Deposit 2.35% 20/09/2019 17/09/2020
    New Zealand Cash and Equivalents AA-
    4.15%
  • Auckland Council 240920 4.017 Gb
    New Zealand NZ Fixed Interest AA
    4.02%
  • Rabobank Nederland New Zealand Branch 100620 4.592 Cb
    New Zealand NZ Fixed Interest A
    3.27%
  • ASB Bank Ltd 250220 4.4225 Cb
    New Zealand NZ Fixed Interest AA-
    3.24%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 100.0% 100.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Christine Yates [New]

    Currently: Director, BNZ Investment Services Limited (0 years, 2 months)
    Previously: Chief Customer Officer, Private Wealth and Insurances, BNZ (current Position) (0 years, 10 months)

  • Hayley Cassidy

    Currently: Director, BNZ Investment Services Limited (0 years, 8 months)
    Previously: Chief General Counsel, BNZ (current position) (0 years, 9 months)

  • Paul Richardson [New]

    Currently: Director, BNZ Investment Services Limited (0 years, 1 months)
    Previously: Chief Investment Officer/Executive Director (4 years, 8 months)

  • Richard Ansell

    Currently: Director, BNZ Investment Services Limited (0 years, 10 months)
    Previously: Chair, BNZ Investment Review Committee (0 years, 10 months)

  • Richard Morath

    Currently: Director, BNZ Investment Services Limited (6 years, 6 months)
    Previously: Non-Executive Director, BNZ Life Insurance Limited (current position) (16 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Download the fund's disclosure statement and portfolio holdings.

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