OneAnswer Cash Fund
Cash Fund is a defensive KiwiSaver fund managed by ANZ. It is offered through the OneAnswer KiwiSaver Scheme. It has 1,626 members and holds $94 million. It opened in 2007.
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 7.7%
- 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 | +1.6% |
| 2017/18 | +1.5% |
| 2016/17 | +1.6% |
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. It sits in OneAnswer, ANZ's wider self-select scheme for building your own fund mix, and is managed in-house by ANZ Investments; the same strategy also runs in the ANZ scheme. Annual fund charge: 0.22%.