ANZ Cash

ANZ Investments runs the largest cash fund in the KiwiSaver market, holding $1.26 billion in term deposits, floating rate notes and certificates of deposit spread across New Zealand banks and a handful of international institutions. The top holding is a Westpac floating rate note maturing in 2026, representing just under 5 percent of the portfolio. No single position dominates. The fund charges 0.25 percent annually in total fees.

Over the past year, it returned 3.7 percent and sits 6th in its category. Its three-year record is stronger at 5.0 percent annualised, though that also places it 6th. The five-year return of 3.5 percent annualised lifts it to 4th. Cash funds compete on narrow margins, and performance tends to cluster tightly around the official cash rate and term deposit spreads available at the time.

The portfolio is entirely in cash and equivalents, with maturities extending out to 2027. Westpac, ASB, BNZ and Rabobank feature prominently among the top ten holdings. The fund is structured for capital stability rather than growth, with a risk level of 1.

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