Name: INVESTNOW MACQUARIE NZ CASH FUND
Brand: FUNDROCK NZ LIMITED

There are some aspects of this fund which may require extra consideration before deciding to invest.

Single asset class

Single-class funds, also called "single-sector", hold only one kind of investment (e.g. just shares or just bonds).

See the mix for this investment

Mix

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 KiwiSaver funds is in grey.

Mix

Fees

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 KiwiSaver funds (in grey).

Fees

Returns

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 KiwiSaver fund (in grey).

Returns

Compare with other defensive KiwiSaver funds Product disclosure statement

Key facts

Here is what the provider says about this managed fund

“ Provides exposure to an actively managed portfolio of bank bills, floating rate notes and short term deposits and securities, and is a very low risk investment product that targets capital security. Environmental, Social and Governance characteristics are integrated into the investment process where applicable ”

Provider website: fundrock.com
Fund start date: 05 October 2020

When can you get your money out?

This is a KiwiSaver fund, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.

Mix

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.

Different mix, different result

As you invest, your mix (often called "asset allocation") is the most significant factor that will determine the results you get, including the ups and downs in value you experience. It's important to get right.

Choosing a specific mix is a way of dialling your risk up or down, depending on the amount of growth assets you take on board. The more risk you take on, the higher your returns are likely to be, although this is no sure thing. That's what risk is all about.

For the most appropriate mix for you and your situation (often called your "risk profile"), see Sorted's investor kickstarter for managed funds, or answer these three questions for KiwiSaver funds.

This fund's asset mix

Growth assets
Income assets

ASSET TYPE
THIS FUND
AVERAGE OF ALL DEFENSIVE KIWISAVER FUNDS

Breakdown on Shares assets

	ACTUAL	TARGET	AVERAGE
Total	0.00%	—	0.22%
International shares	0.00%	0%	0.12%
Australasian shares	0.00%	0%	0.09%

About shares

Buying shares gives you part ownership in a company and can bring returns from your share of the profits (dividends) or from selling the shares for more than you paid. Shares are growth assets and are also known as equities or stock. Here's more on the basics of shares.

Breakdown on Property assets

	ACTUAL	TARGET	AVERAGE
Total	0.00%	—	0.13%
Listed property	0.00%	0%	0.09%
Unlisted property	0.00%	0%	0.04%

About property

Property refers to commercial real estate (not the family home) owned through property trusts or companies that own or develop real estate as their business. Properties are growth assets and can be listed on an exchange or be unlisted.

Breakdown on Other assets

	ACTUAL	TARGET	AVERAGE
Total	0.00%	—	0.08%
Commodities	0.00%	0%	0.00%
Other	0.00%	0%	0.08%
Unknown	0.00%	0%	0.00%

What "other" means

This category can include alternative investments such as derivatives, often through a hedge fund. These "other" investments are typically considered growth assets, or high-risk investments.

Breakdown on Bonds assets

	ACTUAL	TARGET	AVERAGE
Total	0.00%	—	55.75%
New Zealand bonds	0.00%	0%	33.45%
International bonds	0.00%	0%	22.30%

About bonds

A bond is a bit like a term deposit at a bank, but it's effectively a loan you make to a company or government which they promise to pay back in full on a specific date. Until then, you receive regular interest at a fixed or agreed rate. Bonds are income assets and can also be called "fixed interest" or "debt securities". Since they can typically be traded on a secondary market, their value can go up and down. Here's more on the basics of bonds.

Breakdown on Cash assets

	ACTUAL	TARGET	AVERAGE
Total	100.00%	—	43.82%
Cash and equivalents	100.00%	100.00	43.82%

About cash

Cash is a kind of investment that generally pays you interest. (An exception to this are shariah-compliant funds, which can hold cash but are prohibted from earning interest.) Cash typically includes term deposits, floating-rate notes and money market accounts. Cash, which is often a loan to a bank, is considered an income asset. Here's more on investing in term deposits.

Top 10 investments

These assets make up 100.00% of this fund.

Asset	Asset class	Type	Country	% of Fund
MERCER MACQUARIE NZ CASH FUND	Cash	Cash and equivalents	NZ	100.00%

Full list of investments this fund holds

INVESTNOW MACQUARIE NZ CASH FUND (FND20531) Full portfolio holdings 30 Sep 2024.csv

A complete list of the fund's holdings

csv, 360 bytes

Fees

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 KiwiSaver fund (in grey).

Fees breakdown

Here's a breakdown of the different charges in this fund (in purple), compared to the average defensive KiwiSaver fund (in grey).

Fee Type	% Over a Year	Amount Paid on a 10K Balance
Management This 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.	0.25% AVG: 0.49%	$25.00 AVG: $48.53
Other This is a summary of other potential costs not covered in the categories displayed.	0.05% AVG: 0.05%	$5.00 AVG: $5.13
Performance-based These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.	None AVG: 0.00%	$0.00 AVG: $0.00
Membership You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.	0.00% AVG: 0.15%	$0.00 AVG: $15.43
Total combined fees These 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.	0.30% AVG: 0.69%	$30.00 AVG: $69.09

Returns

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 KiwiSaver 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 KiwiSaver fund (in grey).

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.

InvestNow KiwiSaver Scheme Diversified Funds #1 PDS - 29 November 2024.pdf

How this investment works, including about the provider, risks, costs and potential returns

pdf, 770 KB

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

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.

InvestNow KiwiSaver Scheme Diversified Funds #1 PDS - 29 November 2024.pdf

How this investment works, including about the provider, risks, costs and potential returns

pdf, 770 KB

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.

20240930 - INKS - Macquarie NZ Cash - QFU.pdf

The quarterly update published by the provider

pdf, 539 KB

Complete asset portfolio

Browse through the complete list of investments held by this fund.

INVESTNOW MACQUARIE NZ CASH FUND (FND20531) Full portfolio holdings 30 Sep 2024.csv

Name	Current position	Time in role
MIKE HEATH	Investment Committee Member	4 years, 6 months
ANTHONY EDMONDS	Investment Committee Member	4 years, 6 months
ANTHONY SOWERBY	Investment Committee Member	4 years, 6 months
JASON CHOY	Investment Committee Member	2 years, 2 months

INVESTNOW MACQUARIE NZ CASH FUND

INVESTNOW KIWISAVER SCHEME

Share and Print options for this page

Single asset class

Mix

Fees

Returns

Key facts

Here is what the provider says about this managed fund

When can you get your money out?

Mix

This fund's asset mix

Shares

Breakdown on Shares assets

About shares

Property

Breakdown on Property assets

About property

Other

Breakdown on Other assets

What "other" means

Bonds

Breakdown on Bonds assets

About bonds

Cash

Breakdown on Cash assets

About cash

Top 10 investments

Full list of investments this fund holds

INVESTNOW MACQUARIE NZ CASH FUND (FND20531) Full portfolio holdings 30 Sep 2024.csv

Fees

Fees breakdown

Management

Other

Performance-based

Membership

Total combined fees

Returns

Yearly returns

Risks

Specific risks for this fund

InvestNow KiwiSaver Scheme Diversified Funds #1 PDS - 29 November 2024.pdf

Risk indicator

Key documents

Product disclosure statement

InvestNow KiwiSaver Scheme Diversified Funds #1 PDS - 29 November 2024.pdf

Fund update (most recent)

20240930 - INKS - Macquarie NZ Cash - QFU.pdf

Complete asset portfolio

INVESTNOW MACQUARIE NZ CASH FUND (FND20531) Full portfolio holdings 30 Sep 2024.csv

Additional disclosure documents

InvestNow_KiwiSaver_Scheme_Australasian_Shares_Funds_PDS_06102020.pdf

InvestNow_KiwiSaver_Scheme_Cash_NZ_Fixed_Interest_Funds_PDS_06102020.pdf

InvestNow_KiwiSaver_Scheme_Diversified_Funds_#2_PDS_06102020.pdf

InvestNow_KiwiSaver_Scheme_Global_Fixed_Interest_Funds_PDS_06102020.pdf

InvestNow_KiwiSaver_Scheme_Global_Shares_Funds_PDS_06102020.pdf

InvestNow_KiwiSaver_Scheme_Property_Funds_PDS_06102020.pdf

InvestNow KiwiSaver Scheme OMI_05102020_Final.pdf

InvestNow_KiwiSaver_Scheme_Australasian_Shares_Funds_PDS_18_March_2021.pdf

InvestNow Harbour Australasian Equity Focus Fund - Full Portfolio Holdings Data 28-02-21.xlsx

InvestNow Castle Point Trans-Tasman Fund - Full Portfolio Holdings Data 28-02-21.xlsx

InvestNow Mint Australasian Equity Fund - Full Portfolio Holdings Data 28-02-21.xlsx

InvestNow NZ Shares Index Fund - Full Portfolio Holdings Data 28-02-21.xlsx

InvestNow Salt NZ Dividend Appreciation Fund - Full Portfolio Holdings Data 28-02-21.xlsx

InvestNow_KiwiSaver_Scheme_Australasian_Shares_Funds_PDS_FINAL_19_April_2021.pdf

InvestNow_KiwiSaver_Scheme_Cash_NZ_Fixed_Interest_Funds_PDS_FINAL_19_April_2021.pdf

InvestNow_KiwiSaver_Scheme_Diversified_Funds_#2_FINAL_PDS_19_April_2021.pdf

InvestNow_KiwiSaver_Scheme_Global_Fixed_Interest_Funds_PDS_FINAL_19_April_2021.pdf

InvestNow_KiwiSaver_Scheme_Global_Shares_Funds_PDS_FINAL_19_April_2021.pdf

InvestNow_KiwiSaver_Scheme_Property_Funds_PDS_FINAL_19_April_2021.pdf

InvestNow_KiwiSaver_Scheme_Diversified_Funds_#3_FINAL_PDS_19_April_2021.pdf

InvestNow_KiwiSaver_Scheme_Diversified_Funds_#2_FINAL_21 June 2021.pdf

InvestNow_KiwiSaver_Scheme_Global_Fixed_Interest_Funds_FINAL_21 June 2021.pdf

InvestNow KiwiSaver Scheme OMI_21062021_Final.pdf

InvestNow_KiwiSaver_Scheme_Australasian_Shares_Funds_PDS_5_July_2021.pdf

InvestNow_KiwiSaver_Scheme_Cash_NZ_Fixed_Interest_Funds_PDS_5_July_2021.pdf

InvestNow_KiwiSaver_Scheme_Diversified_Funds_#2_PDS_5_July_2021.pdf

InvestNow_KiwiSaver_Scheme_Global_Fixed_Interest_Funds_PDS_5_July_2021.pdf

InvestNow_KiwiSaver_Scheme_Global_Shares_Funds_PDS_5_July_2021.pdf

InvestNow_KiwiSaver_Scheme_Property_Funds_PDS_5_July_2021.pdf