ANZ Cash Fund
Cash Fund is a defensive KiwiSaver fund managed by ANZ. It is offered through the ANZ KiwiSaver Scheme. It has 48,163 members and holds $1.3 billion. It opened in 2008.
Fees and returns
- Annual fee
- 0.22% of your balance each year
- Return over 1 year
- +2.4% a year
- Return over 3 years
- +3.4% a year
- Return over 5 years
- +2.6% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +2.6% a year. The median for cash funds over the same period was +2.5% a year, across 12 funds. This fund is ahead of that median, by 0.1 percentage points.
What it invests in
Cash and cash equivalents 100%.
Largest holdings
- Other 8.09%
- Westpac Banking NZ Floating Rate Note 06/07/2026 4.82%
- Westpac Banking Term Deposit 04/08/2026 2.995 4.09%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.4% |
| 2024/25 | +3.8% |
| 2023/24 | +4.1% |
| 2022/23 | +2.3% |
| 2021/22 | +0.4% |
| 2020/21 | +0.6% |
| 2019/20 | +1.3% |
| 2018/19 | +1.7% |
| 2017/18 | +1.6% |
| 2016/17 | +1.7% |
About this fund
The Cash Fund invests entirely in cash and cash equivalents — such as bank deposits and short-term securities from New Zealand and Australian banks, governments and companies. It aims for low but stable returns over the short term with minimal movement in value. This is the ANZ KiwiSaver Scheme version, managed in-house by ANZ Investments; the same strategy is also offered in the OneAnswer scheme. Annual fund charge: 0.22%.