ASB NZ Cash Fund

What the provider says

To provide exposure to a portfolio of New Zealand investment grade short term deposits and fixed interest investments. 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.

The fund's own description, as disclosed on the Disclose Register. Fund start date: 2 October 2007.

What the fund invests in

Actual allocation as at 30 September 2026. Asset classes held at 0% are left out.

How it is managed

Management style: Active. The manager chooses investments, or shifts the mix, to try to do better than the market. This describes how the fund is run, not whether one style is better.

An active investment management approach means that investments are made with the goal of outperforming chosen market indices.

From the ASB KiwiSaver Scheme SIPO, 21 July 2026 (opens in a new tab), read on 31 October 2026.

Passive vs active KiwiSaver funds: what the difference means for you →

Largest investments

Together 89.2% of the fund. The rest is spread across other holdings.

How spread out is it?

37% of this fund is in one holding. A holding can itself be a fund or an ETF that holds many investments, and the register does not show what is inside it, so read the provider's Product Disclosure Statement for what sits underneath.

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

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.

A return says what happened and not what will.

Returns reported by Morningstar

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

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 ASB KiwiSaver Scheme →

Other funds in the ASB KiwiSaver Scheme

• ASB Aggressive Fund
• ASB Balanced Fund
• ASB Conservative Fund
• ASB Growth Fund
• ASB Moderate Fund

← Back to the KiwiSaver fund directory