AMP Cash

This fund holds $104.6 million entirely in cash and term deposits, with its top ten holdings all maturing in mid to late 2026 and spread across the big four New Zealand banks.

AMP Cash sits 16th in the cash category for one-year returns at 3.0 percent, with a five-year average of 2.9 percent annually. The total fee runs to 0.57 percent, which includes a 0.51 percent management fee, a 0.05 percent other fee, and a 0.08 percent performance fee. The allocation is entirely domestic, with ASB, BNZ, ANZ and Westpac term deposits forming the bulk of the portfolio. The largest single position, an ASB term deposit maturing in August 2026, represents 5.51 percent of the fund.

The structure is straightforward: no shares, no bonds, no property. This is a defensive fund designed to preserve capital rather than chase growth, with all holdings in New Zealand cash equivalents. The maturity dates cluster around the middle of 2026, suggesting a laddered approach to managing liquidity and reinvestment.

General information only, not financial advice. Past performance is not a reliable indicator of future results.