Fisher Funds Cash Fund
Cash Fund is a defensive KiwiSaver fund managed by Fisher Funds. It has 21,706 members and holds $463 million. It opened in 2012.
Fees and returns
- Annual fee
- 0.45% of your balance each year
- Return over 1 year
- +2.5% a year
- Return over 3 years
- +3.6% a year
- Return over 5 years
- +2.7% 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 +2.7% a year. The median for cash funds over the same period was +2.5% a year, across 13 funds. This fund is ahead of that median, by 0.2 percentage points.
What it invests in
Cash and cash equivalents 100%.
Largest holdings
- ANZ 10 A/C - Current Accounts 8.55%
- Bank of New Zealand 23/11/2026 FRN 5.33%
- NZ Local Gov Fund Agency 15/04/27 4.50 5.0%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.5% |
| 2024/25 | +4.1% |
| 2023/24 | +4.2% |
| 2022/23 | +2.3% |
| 2021/22 | +0.5% |
| 2020/21 | +0.8% |
| 2019/20 | +1.4% |
| 2018/19 | +1.9% |
| 2017/18 | +2.0% |
| 2016/17 | +2.0% |
About this fund
The Fisher Funds Cash Fund is a defensive fund invested in cash and New Zealand short-term fixed interest, aiming for stable returns and reduced chance of capital loss over the short to medium term, with no growth-asset exposure. It was formerly part of the Kiwi Wealth KiwiSaver Scheme, which joined Fisher Funds in 2022. It has an annual fund charge of 0.45%.
See how all of Fisher Funds KiwiSaver's funds have performed