ASB NZ Cash Fund
NZ Cash Fund is a defensive KiwiSaver fund managed by ASB. It has 37,006 members and holds $921 million. It opened in 2007.
Fees and returns
- Annual fee
- 0.35% of your balance each year
- Return over 1 year
- +2.1% a year
- Return over 3 years
- +3.2% a year
- Return over 5 years
- +2.4% 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 +2.4% a year. The median for cash funds over the same period was +2.5% a year, across 13 funds. This fund is behind that median, by 0.1 percentage points.
What it invests in
Cash and cash equivalents 100%.
Largest holdings
- Westpac Deposit Acc 41.4%
- Asb Bank Ltd 180926 Rcd 9.75%
- Bnz Deposit Acc 8.54%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.1% |
| 2024/25 | +3.6% |
| 2023/24 | +4.0% |
| 2022/23 | +2.3% |
| 2021/22 | +0.3% |
| 2020/21 | +0.2% |
| 2019/20 | +1.1% |
| 2018/19 | +1.5% |
| 2017/18 | +1.5% |
| 2016/17 | +1.6% |
About this fund
The ASB NZ Cash Fund is a defensive fund that invests entirely in income assets — short-term deposits and fixed interest with New Zealand registered banks. It aims for stable returns with very little chance of a negative year, and has no growth-asset exposure. It has an annual fund charge of 0.35%.