Westpac Cash Fund
Cash Fund is a defensive KiwiSaver fund managed by Westpac. It has 36,883 members and holds $710 million. It opened in 2007.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +2.5% a year
- Return over 3 years
- +3.5% 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
- BOC Call Account 4.5%
- Cash and cash equivalents 3.82%
- Rabobank FRN 05/04/2027 1.86%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.5% |
| 2024/25 | +4.0% |
| 2023/24 | +4.2% |
| 2022/23 | +2.3% |
| 2021/22 | +0.5% |
| 2020/21 | +0.6% |
| 2019/20 | +1.2% |
| 2018/19 | +1.5% |
| 2017/18 | +1.6% |
| 2016/17 | +1.7% |
About this fund
The Westpac Cash Fund is a defensive fund invested entirely in short-term income assets — bank deposits, floating-rate notes and money-market securities — with no growth assets, aiming for stable returns over the short term. Managed by BT Funds Management, it has operated since 2007 and carries an annual fund charge of 0.25%.