- Provider website
- Minimum investment
$0
- Fund start date
28 February 2008
1
Mix help
0.00%
Growth assets (shares, property, other)
100.00%
Income assets (bonds, cash)
0.62%
Growth assets average
Average
99.38%
Income assets average
This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 30 September 2024. The average mix for defensive managed funds is in grey.
Fees help
0.40%
Average 0.70%
Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. Compare with the average fees for defensive managed funds (in grey).
Returns help
1.60%
Average 1.12%
Returns (in green) show how much this fund has grown in value in five years up to 30 September 2024 – after fees and taxes. Compare with the average defensive managed fund (in grey).
Key facts
Here is what the provider says about this managed fund
“ The objective of the Cash Portfolio is to provide a source of capital. The fund is anticipated to mainly own and trade cash and cash equivalents over the minimum suggested timeframe. ”
When can you get your money out?
For this managed fund (i.e. not a KiwiSaver fund), see the section of the PDS on withdrawing funds and how this works. Also, look for information about how long it takes to actually get paid after requesting a withdrawal, whether regular withdrawals are possible, and how often.
Mix
0.00%
Growth assets (shares, property, other)
100.00%
Income assets (bonds, cash)
0.62%
Growth assets average
Average
of all defensive managed funds
99.38%
Income assets average
This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 30 September 2024.
You can also see the average for Defensive funds, which typically hold from 0% to 10% of growth assets.
This fund's asset mix
- Growth assets
- Income assets
- ASSET TYPE
- THIS FUND
- AVERAGE OF ALL DEFENSIVE MANAGED FUNDS
0.00%
0.00%
0.40%
0.40%
0.00%
0.00%
0.11%
0.11%
0.00%
0.00%
0.11%
0.11%
0.00%
0.00%
71.89%
71.89%
100.00%
100.00%
27.49%
27.49%
Top 10 investments
These assets make up 48.43% of this fund.
| Asset | Asset class | Type | Country | % of Fund |
|---|---|---|---|---|
| WESTPAC BANK BILL 5.19% 20/12/2024 | Cash | Cash and equivalents | NZ | 7.98% |
| ANZ BANK BILL 5.25% 14/11/2024 | Cash | Cash and equivalents | NZ | 5.47% |
| KIWIBANK BANK BILL 5.36% 14/11/2024 | Cash | Cash and equivalents | NZ | 5.47% |
| BNZ BANK BILL 5.25% 15/11/2024 | Cash | Cash and equivalents | NZ | 5.47% |
| ASB BANK BILL 5.23% 22/11/2024 | Cash | Cash and equivalents | NZ | 4.37% |
| KIWIBANK BANK BILL 5.10% 09/12/2024 | Cash | Cash and equivalents | NZ | 4.36% |
| WESTPAC BANK BILL 5.45% 18/11/2024 | Cash | Cash and equivalents | NZ | 4.01% |
| KIWIBANK BANK BILL 5.19% 02/12/2024 | Cash | Cash and equivalents | NZ | 4.00% |
| ANZ BANK BILL 5.60% 09/10/2024 | Cash | Cash and equivalents | NZ | 3.66% |
| ASB BANK BILL 5.35% 15/11/2024 | Cash | Cash and equivalents | NZ | 3.64% |
Full list of investments this fund holds
CASH PORTFOLIO (FND1605) Full portfolio holdings 30 Sep 2024.csv
A complete list of the fund's holdings
Fees
0.40%
This fund
0.70%
Average defensive managed funds
0.40%
Average 0.70%
Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. You can compare these with fees for the average defensive managed fund (in grey).
Fees breakdown
Here's a breakdown of the different charges in this fund (in purple), compared to the average defensive managed fund (in grey).
| Fee Type | % Over a Year | Amount Paid on a 10K Balance |
|---|---|---|
ManagementThis fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance. | 0.30% AVG: 0.56% | $30.00 AVG: $55.94 |
OtherThis is a summary of other potential costs not covered in the categories displayed. | 0.10% AVG: 0.09% | $10.00 AVG: $8.77 |
Performance-basedThese fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. | None AVG: 0.03% | $0.00 AVG: $2.56 |
MembershipYou pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance. | 0.00% AVG: 0.03% | $0.00 AVG: $2.92 |
Total combined feesThese are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing. | 0.40% AVG: 0.70% | $40.00 AVG: $70.19 |
Returns
1.60%
This fund
1.12%
Average defensive managed funds
1.60%
Average 1.12%
For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all defensive managed funds (in grey).
Yearly returns
These annual returns (in green) were for the 12 months up to 31 March 2024. You can compare them to the average defensive managed fund (in grey).
March
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
This fund
2.45%
2.17%
1.42%
1.30%
1.32%
0.74%
-0.24%
0.38%
1.92%
3.78%
Average
5.06%
3.30%
2.17%
2.50%
2.78%
1.81%
2.73%
-2.54%
-0.70%
3.84%
Risks
Specific risks for this fund
Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.
You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.
NZ Funds Active Income Series PDS 12 December 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Risk indicator
This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).
The left side of this range of numbers indicates a Lower risk
The right side of this range of numbers indicates a Higher risk
- 1
- 2
- 3
- 4
- 5
- 6
- 7
The left side of this range of numbers indicates
Potentially
lower returns
The right side of this range numbers indicates
Potentially
higher
returns
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
NZ Funds Active Income Series PDS 12 December 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Fund update (most recent)
This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.
NZ Funds Active Series Cash Portfolio - Fund Update - 30.09.24.pdf
The quarterly update published by the provider
Complete asset portfolio
Browse through the complete list of investments held by this fund.
CASH PORTFOLIO (FND1605) Full portfolio holdings 30 Sep 2024.csv
A complete list of the fund's holdings
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
NZ Funds Managed Portfolio Service - note on structure.pdf
NZ Funds Managed Portfolio Service Other Material Information 1 Oct 2018.pdf
NZ Funds Managed Portfolio Service Other Material Information 4 Feb 2019.pdf
NZ Funds Managed Portfolio Service Other Material Information 26 Feb 2019.pdf
NZ Funds Managed Portfolio Service Other Material Information 29 Mar 2019.pdf
NZ Funds Advised Portfolio Service – note on structure.pdf
NZ Funds Advised Portfolio Service Other Material Information 11 November 2019.pdf
NZ Funds Advised Portfolio Service Other Material Information 9 April 2020.pdf
NZ Funds Advised Portfolio Service Other Material Information 21 October 2020.pdf
NZ Funds Advised Portfolio Service Other Material Information 30 June 2021.pdf
NZ Funds Advised Portfolio Service Other Material Information 3 December 2021.pdf
NZ Funds Advised Portfolio Service Other Material Information 30 June 2022.pdf
NZ Funds Advised Portfolio Service Other Material Information 16 September 2022.pdf
NZ Funds Active Inflation Series PDS 14 February 2023.pdf
NZ Funds Active Inflation Series Other Material Information 14 February 2023.pdf
NZ Funds Active Growth Series PDS 17 March 2023.pdf
NZ Funds Active Series Other Material Information 17 March 2023.pdf
NZ Funds Active Inflation Series PDS 5 December 2023.pdf
NZ Funds Active Growth Series PDS 5 December 2023.pdf
NZ Funds Active Series Other Material Information 5 December 2023.pdf
NZ Funds Active Inflation Series PDS 1 August 2024.pdf
NZ Funds Active Growth Series PDS 1 August 2024.pdf
NZ Funds Active Series Other Material Information 1 August 2024.pdf
NZ Funds Active Inflation Series PDS 12 December 2024.pdf
NZ Funds Active Growth Series PDS 12 December 2024.pdf
NZ Funds Active Series Other Material Information 12 December 2024.pdf
Statement of investment policy and objectives (SIPO)
A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.
NZ Funds Managed Portfolio Service Scheme SIPO 12 December 2024.pdf
Strategies and objectives for this investment
Key personnel
These are the directors and employees who have the most influence on investment decisions for this fund.
| Name | Current position | Time in role |
|---|---|---|
| JOHN COBB | Chair of the Investment Governance Committee and a Director | 1 year, 10 months |
| MICHAEL LANG | Chief Executive and a Director | 6 years, 0 months |
| MARK BROOKS | Chief Investment Officer and a Principal | 7 months |
| PAUL VAN WETERING | Head of Investment Operations and Responsible Investing | 4 years, 9 months |
| CASEY KEIPER | Portfolio Manager and Head of Research | 3 months |
Additional details
Manager details
Name
NEW ZEALAND FUNDS MANAGEMENT LIMITED
Type
NZ Limited Company
Website
NZBN
9429039444158
FSP Number
Supervisor
Name
THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED
Fund details
Asset liquidity ratio help
100.00%
Total value of fund help
$129,052,348.45
Debt ratio help
0.49%
Continuous issue help
Yes
Default KiwiSaver help
No
Lifecycle option help
No
Multi-fund option help
No
Schedule 1 exemption help
No
FMA exemption help
No
Number of members
0
Reference numbers
Fund
FND1605: CASH PORTFOLIO
Offer
OFR10831: NZ FUNDS ACTIVE SERIES
Scheme
SCH10803: NZ FUNDS MANAGED PORTFOLIO SERVICE PART TWO
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Fund update (most recent)
These are provided to members of the fund (usually once each quarter) to update them on its performance.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. nzfunds.co.nz