AMP Cash Fund
AMP KiwiSaver Scheme On Cam's implementation panel
AMP Cash Fund is a defensive fund in the AMP KiwiSaver Scheme. Its provider discloses a risk indicator of 2 out of 7 and an annual fund charge of 0.56%. This page sets out what the provider has disclosed on the Disclose Register, with the Morningstar return where there is one. It is general information, not a recommendation to join or switch.
- 10-year return
- 2.1%a year after fees, before tax, Morningstar, as at 30 September 2026
- Risk indicator
- 2 of 7Disclosed by the provider
- Annual fund charge
- 0.56%Total, as a share of the amount invested
- Fund size
- $108.2 million2,820 investors
Source: Morningstar KiwiSaver Survey, the three months to 30 September 2026, published 29 October 2026. Morningstar files it under Cash. Returns are annualised: each figure is a return per year, averaged across the period shown. Figures are net of the fund's annual charges and before your own tax. KiwiSaver is taxed at your prescribed investor rate, so two people in the same fund keep different amounts, and fixed dollar member fees are not reflected in a percentage. Past performance does not guarantee future returns.
What the provider says
This is a single sector fund which primarily invests in cash and short-term deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there should be no significant short-term movements up and down in the value of your investments.
The fund's own description, as disclosed on the Disclose Register. Fund start date: 1 October 2007.
What the fund invests in
| Asset class | Target | Actual |
|---|---|---|
| Cash and cash equivalents | 100.00% | 100.00% |
Actual allocation as at 30 September 2026. Asset classes held at 0% are left out.
How it is managed
Management style: Passive (index tracking). The fund tracks a market index rather than having a manager pick investments. This describes how the fund is run, not whether one style is better.
To provide a gross return (before tax, fees, and other expenses) that closely tracks the return of the benchmark index
From the AMP KiwiSaver Scheme SIPO, 30 June 2026 (opens in a new tab), read on 31 October 2026.
Passive vs active KiwiSaver funds: what the difference means for you →
Largest investments
| Investment | Type | Country | Share of fund |
|---|---|---|---|
| ASB Bank Ltd - maturing 07 Jan 2027 | Cash and cash equivalents | NZ | 5.36% |
| Bank of New Zealand - maturing 06 Oct 2026 | Cash and cash equivalents | NZ | 4.42% |
| Bank of New Zealand - maturing 21 Oct 2026 | Cash and cash equivalents | NZ | 4.42% |
| Westpac New Zealand Ltd - maturing 04 Nov 2026 | Cash and cash equivalents | NZ | 4.41% |
| ASB Bank Ltd - maturing 29 Dec 2026 | Cash and cash equivalents | NZ | 4.39% |
| ANZ Bank New Zealand Ltd - maturing 02 Oct 2026 | Cash and cash equivalents | NZ | 3.93% |
| Westpac New Zealand Ltd - maturing 13 Nov 2026 | Cash and cash equivalents | NZ | 3.92% |
| ASB Bank Ltd - maturing 16 Nov 2026 | Cash and cash equivalents | NZ | 3.92% |
| Rabobank New Zealand - maturing 22 Dec 2026 | Cash and cash equivalents | NZ | 3.90% |
| Bank of New Zealand - maturing 30 Dec 2026 | Cash and cash equivalents | NZ | 3.44% |
Together 42.1% of the fund. The rest is spread across other holdings.
How spread out is it?
| Measure | Disclosed |
|---|---|
| Holdings the provider lists | 38 |
| The ten largest, together | 42.1% |
| Largest single holding | ASB Bank Ltd - maturing 07 Jan 2027, 5.4% of the fund |
The risk indicator measures how much a fund's returns have moved, not how many investments it holds, so it cannot show concentration on its own. Two funds that hold the same index can carry different indicators. Shares are as the provider disclosed them, and a total above 100% is the provider's own figure.
Fees and charges
| Charge | Disclosed |
|---|---|
| Total annual fund charge | 0.56% |
| Manager's basic fee | 0.51% |
| Performance-based fees | 0.00% |
| Other management charges | 0.05% |
| Contribution fee | 0.00% |
| Withdrawal fee | 0.00% |
Charges as a share of the amount invested. A blank on the register is shown as not stated. How an adviser is paid is separate, and is set out in our disclosure statement.
Returns the provider has disclosed
These are the provider's own figures from its fund update. They are the register's "net" returns, which are after the fund's charges and after tax, so they will not match the Morningstar figures in the headline and in the next section, which are after charges and before tax. Read each on its own terms.
| Period | This fund |
|---|---|
| Past year | 1.53% |
| Average a year, 5 years | 2.34% |
| Average a year, since the fund started | 1.54% |
| Year | This fund |
|---|---|
| 12 months to 31 March 2026 | 1.84% |
| 12 months to 31 March 2025 | 3.38% |
| 12 months to 31 March 2024 | 3.68% |
| 12 months to 31 March 2023 | 1.95% |
| 12 months to 31 March 2022 | 0.03% |
| 12 months to 31 March 2021 | 0.03% |
| 12 months to 31 March 2020 | 0.95% |
| 12 months to 31 March 2019 | 1.15% |
| 12 months to 31 March 2018 | 1.10% |
| 12 months to 31 March 2017 | 1.25% |
A return says what happened and not what will.
Returns reported by Morningstar
| Period | This fund |
|---|---|
| 10 years | 2.1% |
| 5 years | 3.3% |
| 3 years | 3.7% |
Annualised returns a year as at 30 September 2026, from the Morningstar KiwiSaver Survey, published 29 October 2026. Returns are annualised: each figure is a return per year, averaged across the period shown. Figures are net of the fund's annual charges and before your own tax. KiwiSaver is taxed at your prescribed investor rate, so two people in the same fund keep different amounts, and fixed dollar member fees are not reflected in a percentage. Morningstar publishes category averages for its five multi-sector categories only, so there is none to show for this fund. Past performance does not guarantee future returns.
See the full Morningstar returns comparison → (opens in a new tab)
Other details
| Item | Disclosed |
|---|---|
| Asset liquidity ratio | 100.00% |
| Debt ratio | 0.05% |
| Provider last updated this fund | 29 October 2026 |
| Reporting period ended | 30 September 2026 |
Where this comes from
Fund details are from the Disclose Register (opens in a new tab), read on 31 October 2026. The Morningstar return is from the same report as the Morningstar returns comparison. Read the provider's current Product Disclosure Statement before you decide.
Cam compares KiwiSaver providers and funds across the wider NZ market, and a fund appearing here, or on his implementation panel, is not a recommendation. Whether a fund suits you depends on your goals, timeframe and comfort with risk. How Solid Steele is paid depends on the provider and is set out in the disclosure statement. A free KiwiSaver session is the way to see how it applies to you.
See every open fund in the AMP KiwiSaver Scheme →
Other funds in the AMP KiwiSaver Scheme
- AMP Aggressive Fund
- AMP Australasian Shares Fund
- AMP Balanced Fund
- AMP Balanced Fund No. 2
- AMP Conservative Fund
- AMP Global Fixed Interest Fund
- AMP Growth Fund
- AMP International Shares Fund
- AMP Moderate Balanced Fund
- AMP Moderate Fund
- AMP NZ Fixed Interest Fund
- AMP Global Select Balanced Growth Fund
- AMP Global Select Conservative Fund
- AMP Global Select Growth Fund
- AMP Milford Active Growth Fund
- AMP Milford Aggressive Fund
- AMP Milford Balanced Fund
- AMP Milford Conservative Fund