Funds

BNZ Private Wealth Series Cash Fund

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Issues of concern

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2023 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

About this fund

In their own words

The Cash Fund invests in income assets, including New Zealand short-term cash securities and cash equivalent securities. It aims to achieve stable returns over the short term and provide a gross return in excess of its benchmark index.

Value $135M NZD
Period of data report 31st Dec. 2023
Fund started 2nd March 2017
Total annual fund fees 0.27%
Total performance based fees 0.0%
Manager's basic fee 0.27%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Peter Forster

Currently: Chair, BNZ Investment Review Committee (4 years, 0 months)
Previously: General Manager Wealth, BNZ (other position) (5 years, 4 months)

Richard Ansell

Currently: Member, BNZ Investment Review Committee (4 years, 0 months)
Previously: Director, BNZ Investment Services Limited (other position) (4 years, 10 months)

Jason Wong

Currently: Member, BNZ Investment Review Committee (3 years, 0 months)
Previously: Senior Markets Strategist, BNZ (other position) (8 years, 0 months)

Louis Nel

Currently: Member, BNZ Investment Review Committee (1 years, 9 months)
Previously: Head of Investment Solutions Wealth, BNZ (other position) (12 years, 11 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2023 -0.79% 2.27%
2022 -2.46% 0.38%
2021 2.15% 0.45%
2020 1.75% 1.37%
2019 2.76% 1.63%
2018 1.94% 1.63%

The market average is the average 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 fund has filed with Disclose register to 31st Dec. 2023.

Top 10 Investments

  • Bank Of New Zealand Floating Rate Note 18/03/2024
    New Zealand NZ Fixed Interest AA-
    5.72%
  • Bank Of China Call Account NZD
    New Zealand Cash and Equivalents A
    4.63%
  • Westpac New Zealand Ltd Registered Certificate Of Deposit 29/02/2024
    New Zealand Cash and Equivalents AA-
    2.96%
  • Westpac New Zealand Ltd Registered Certificate Of Deposit 28/03/2024
    New Zealand Cash and Equivalents AA-
    2.95%
  • Rabobank New Zealand Ltd Floating Rate Note 28/06/2024
    New Zealand NZ Fixed Interest A+
    2.85%
  • Mufg Bank Ltd. (Auckland Branch) Floating Rate Note 05/11/2024
    New Zealand Cash and Equivalents A
    2.49%
  • ASB Bank Ltd Registered Certificate Of Deposit 20/09/2024
    New Zealand Cash and Equivalents AA-
    2.47%
  • ANZ Bank New Zealand Ltd 3.03% 20/03/2024
    New Zealand NZ Fixed Interest AA-
    2.47%
  • China Construction Bank (New Zealand) Limited Term Deposit 6.34% 31/01/2024
    New Zealand Cash and Equivalents A
    2.16%
  • Ird Deposit 6.2% 15/02/2024
    New Zealand Cash and Equivalents AA+
    2.12%
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%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.