mysuper Cash Fund
0.00%
Growth assets
100.00%
Income assets
(Data @ 31 Mar 2024 - after all fees and taxes)
The mysuper Cash Fund investment objective and strategy is to achieve modest, stable returns. The mysuper Cash Fund is invested in 100% cash (like term deposits) and short-term bank securities.
Mix
Growth assets
Income assets
This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held at its 2023 Financial year end.
The average mix for cash KiwiSaver funds is in grey above. They typically hold from 0% to 10% of growth assets.
As you invest, your mix (often called "asset allocation") is the most significant factor that will determine the results you get, including the ups and downs in value you experience. It's important to get right.
Choosing a specific mix is a way of dialing your risk up or down, depending on the amount of growth assets you take on board. The more risk you take on, the higher your returns are likely to be, although this is no sure thing. That's what risk is all about.
For the most appropriate mix for you and your situation (often called your "risk profile"), see Sorted's investor kickstarter.
ASSET TYPE | THIS FUND | AVERAGE OF ALL CASH KIWISAVER FUNDS | ||||||||||||||||||||
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Shares |
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What 'shares' means Buying shares gives you part ownership in a company and can bring returns from your share of the profits (dividends) or from selling the shares for more than you paid. Shares are growth assets and are also known as equities or stock. |
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Property |
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What 'property' means Property refers to commercial real estate (not the family home) owned through property trusts or companies that own or develop real estate as their business. Properties are growth assets and can be listed on an exchange or be unlisted. |
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Other |
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What 'other' means This category can include alternative investments such as derivatives, often through a hedge fund. These ‘other’ investments are typically considered growth assets, or high-risk investments. |
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Bonds |
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What 'bond' means A bond is a bit like a term deposit at a bank, but it's effectively a loan you make to a company or government which they promise to pay back in full on a specific date. Until then, you receive regular interest at a fixed or agreed rate. Bonds are income assets and can also be called 'fixed interest' or 'debt securities'. Since they can typically be traded on a secondary market, their value can go up and down. |
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Cash |
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What 'cash' means Cash is a kind of investment that generally pays you interest. Cash typically includes term deposits, floating-rate notes and money market accounts. Cash, which is often a loan to a bank, is considered an income asset. |
Fees
0.52% mysuper fees
0.71% Average KiwiSaver fees
The fees shown here (in purple) are what you would have paid if you had $10,000 in this fund at its 2023 Financial year end. Compare this with the average cash KiwiSaver fund (in grey).
You don’t always get what you pay for when investing. With fund fees, paying more does not mean you necessarily get better results. It’s often the opposite: the more we pay, the less we get. This is because the returns we receive are after any fees and taxes get paid.
Since no one can tell the future and how the different funds will do, it’s best to choose one with low fees where possible.
Learn more about the fees associated with your mysuper investment.
A breakdown of the different charges in this fund, compared to the average cash KiwiSaver fund.
FEES TYPE | % FOR THE 2023 FINANCIAL YEAR END | AMOUNT PAID ON A $10K BALANCE |
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Management This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance. |
None AVG: 0.50% | $0.00 AVG: $49.86 |
Other This is a summary of other potential costs not covered in the categories displayed. |
0.52% AVG: 0.05% | $52.00 AVG: $4.70 |
Performance-based These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. |
None AVG: 0.00% | $0.00 AVG: $0.00 |
Membership You pay this membership charge (a flat fee) each year, regardless of your balance or the fund’s performance. |
None AVG: 0.17% | $0.00 AVG: $16.68 |
Total combined fees These are a total of management and administration charges, and performance-based fees for the 2023 Financial year end. They do not include fees for activities like transferring or withdrawing. |
0.52% AVG: 0.71% | $52.00 AVG: $71.24 |
Returns
1.12% mysuper returns
0.92% Average KiwiSaver returns
For the past five years, this fund returned this average each year (in green). This was after fees and taxes were taken out (28% PIR equivalent). Compare this with the average cash KiwiSaver fund (in grey).
Seeking returns is what investing is all about, but those shown here are already gone; they won’t continue. The best can become the worst and vice versa, so it’s unwise to just choose a fund based on how well it has done in the past.
There are a lot of other criteria to make a smart choice, such as the right investment mix and reasonable fees.
Annual returns for the 12 months to 31 March 2023 are shown below for this fund.
Gross returns (before fees and taxes) against benchmark over the short to medium-term are shown below for this fund as at 31 March 2024.
Seeking returns is what investing is all about, but those shown here are already gone; they won't continue. The best can become the worst and vice versa, so it's unwise to just choose a fund based on how well it has done in the past. There are a lot of other criteria to make a smart choice, such as the right investment mix and reasonable fees.
Read more about this Fund’s performance and fees in our annual updates.
Risks
Chasing higher returns while investing always increases risks. Several kinds of risks. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it’s important to understand how it works.
You’ll find specific risks in the Risk section of our current Product Disclosure Statement.
Product Disclosure StatementThis is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund’s five-year performance (or an appropriate market index if it has not been around that long).
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