Generate CashPlus

Nearly 94% of this $102 million fund sits in cash and equivalents, with the rest in a sliver of New Zealand bonds. It charges 0.46% a year, placing it in the middle of the pack for fixed interest funds but well above what the main banks levy on their cash equivalents.

The portfolio is a roster of short-dated corporate bonds from household names: Mercury, Spark, Infratil, Vector, and property firms Investore, Precinct and Argosy. Most mature in 2026 or 2027. The fund also holds term deposits and bank cash accounts. This is a conservative, income-focused structure with minimal interest rate risk and no equity exposure. It delivered 3.9% over the past year and 5.7% annualised over three years, reflecting the higher rate environment of recent times.

Generate positions this as a step up from pure cash for members seeking stability and income without venturing into shares or longer-duration bonds. The fund holds just over $100 million in assets under management, making it a smaller option within the Generate range. The fee sits above the cheapest cash alternatives but covers active selection of short-term corporate debt.

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