Summer New Zealand Cash
Summer New Zealand Cash is a defensive KiwiSaver fund managed by Summer. It has 200 members and holds $5 million. It opened in 2016.
Fees and returns
- Annual fee
- 0.50% of your balance each year
- Return over 1 year
- +2.2% a year
- Return over 3 years
- +3.3% 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 mainstream defensive funds over the same period was +0.9% a year, across 6 funds. This fund is ahead of that median, by 1.5 percentage points.
What it invests in
Cash and cash equivalents 59%, new zealand fixed interest 41%.
Largest holdings
- New Zealand Government 15/05/2028 0.25 5.06%
- Bank of China Call Account 4.27%
- Kiwibank FRN 13/06/2028 4.2%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.2% |
| 2024/25 | +3.8% |
| 2023/24 | +3.9% |
| 2022/23 | +2.1% |
| 2021/22 | +0.1% |
| 2020/21 | +0.1% |
| 2019/20 | +0.8% |
| 2018/19 | +1.0% |
| 2017/18 | +1.1% |
About this fund
The Summer New Zealand Cash Fund is a defensive fund invested in cash, cash equivalents and short-term New Zealand debt securities, aiming for returns above the Official Cash Rate. It holds slightly more short-term fixed interest than a bank-deposit-only fund, so it is cash-plus rather than pure cash. It has operated since 2016 and carries an annual fund charge of 0.5%.