Fisher Funds Plan Cash

Fisher Funds Plan Cash has delivered 3.8% over the past year, placing it 5th in its category, while carrying a total fee of 0.45%.

This is a $449.5 million defensive fund holding 100% in cash and equivalents, though the reality is more nuanced. The top holdings reveal a portfolio split between true cash accounts and short-dated fixed interest securities. ANZ current accounts make up 8.6%, followed by a Bank of New Zealand floating rate note maturing in 2026 at 5.3% and a Local Government Funding Agency bond at 5.0%. The mix includes bank deposits, floating rate notes from major New Zealand banks, and government and council bonds, all with near-term maturities. This structure sits somewhere between a pure cash account and an ultra-short duration bond fund.

Over three years, the fund has returned 5.0% annually, maintaining the same 5th position within the cash category. The five-year return sits at 3.5% per year. The portfolio is entirely domestic, concentrated in New Zealand banks, central government, local government, and their funding agencies. The strategy reflects a low-risk profile built around capital preservation and liquidity, with modest exposure to short-term interest rate movements through its bond holdings.

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