Koura Cash Fund
Cash Fund is a defensive KiwiSaver fund managed by Koura. It has 763 members and holds $8 million. It opened in 2019.
Fees and returns
- Annual fee
- 0.63% of your balance each year
- Return over 1 year
- +1.7% a year
- Return over 3 years
- +2.8% a year
- Return over 5 years
- +2.2% 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 +2.2% 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 0.3 percentage points.
What it invests in
Cash and cash equivalents 100%.
Largest holdings
- Cash at Bank 79.62%
- Nzlgfa 1.5% 15/04/2026 8.27%
- Bchina Nfix3Fra + 115 15/05/2026 6.02%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +1.7% |
| 2024/25 | +3.2% |
| 2023/24 | +3.5% |
| 2022/23 | +2.2% |
| 2021/22 | +0.3% |
| 2020/21 | +0.2% |
About this fund
The Koura Cash Fund is a defensive fund that invests in New Zealand bank deposits, term deposits and short-dated money-market instruments, holding no growth assets. It is one of Koura's single-exposure building blocks, which members combine themselves or through a Koura strategy. Its return path tracks short-term interest rates. It carries an annual fund charge of 0.63%.