Cash Portfolio

Compounding returns

Returns are reinvested so you’ll earn returns on your returns.
Remain invested for as long as you want.

Diversified portfolio

Invested in a range of three-month bank bills issued by ASB, BNZ, Kiwibank and Westpac.

Fully liquid

Not locked in like term deposits.
Redeem in four business days or via a regular withdrawal.

Hassle free

Avoid call centres. No rollovers required.
See your balance online or via our Digital Wallet.

Since inception (28 February 2008) to 30 September 2026. Returns are stated after full Portfolio fees and expenses including performance fees (where applicable), but before any advisory fees or investor tax. No management fee rebates have been applied to these numbers, see PDS for management fee rebate criteria. Past performance is not necessarily an indication of future returns. Maximum decline represents the largest decline in value in the previous 12 months. Volatility 5 Years is the annualised standard deviation calculated from weekly returns of the Portfolio over the 5 years ending 30 September 2026. 

The graph displays the change in value of a notional investment of $100 after full fees and tax (assuming a tax rate of 28%) but before any advisory fees (if applicable). No management fee rebates have been applied in the graphs of individual Portfolio performance. In the graph above, quarter ends are full standard calendar year quarters except the first quarter from inception (28 February 2008) which is not a full quarter.

NZ Funds is an active manager so the securities listed above may not be held in the future. 

1. The yield calculation represents an estimate of the yield on the strategy/security, calculated using the most recent information available, hedged back to New Zealand dollars where appropriate. It is not calculated 'as at' any particular date as different investment managers provide data at varying dates. As a result, in some instances the yields may lag the date of this Portfolio summary. The yield is not the actual return on the strategy/security, nor is it a projection or forecast. Details of the yield calculation are available on request from NZ Funds.  
2. Total economic exposure represents the total economic value of a Portfolio, which is the net asset value of the Portfolio adjusted for the effect of direct equity index futures and other derivatives positions taken by the Portfolio. In calculating economic exposure the notional value of certain derivative higher-risk instruments is used. For more details of the economic exposure calculations, contact NZ Funds. Rounding may affect totals.

Further information is contained in the Portfolio Profiles and in the NZ Funds Active Series Product Disclosure Statement (PDS).