ANZ KiwiSaver Scheme Cash Fund
Quarterly fund report
How has the fund performed?
Performance as at 31 December 2025
Rate | |
|---|---|
3 months | 0.73% |
1 year | 3.75% |
3 years (p.a.) | 5.00% |
5 years (p.a.) | 3.52% |
10 years (p.a.) | 2.77% |
Since launch (p.a.) | 2.95% |
Performance is after the annual fund charge and before tax. KiwiSaver rates, fees and agreements.
What happened this quarter (three months to 31 December 2025)
Against the backdrop of an up-and-down quarter for domestic bond markets, cash investments continued to deliver stable returns. The fund delivered a positive return over the quarter, broadly in line with its benchmark.
The quarter saw a gradual improvement in business confidence that ended with a big jump in December’s reading. The ANZ Business Confidence Index surged to a 30-year high, suggesting firms are feeling more upbeat about the year ahead.
The Cash Fund is a low-risk fund and aims to preserve capital for investors while offering low volatility in returns. As at 31 December, approximately 40% of the portfolio was invested in term deposits. The fund also held about 5% in promissory notes and 7% in floating rate notes, providing flexibility to respond to interest rate movements and lock in attractive yields as opportunities arise.
For more information on investment markets
What does the fund invest in?
The fund invests mainly in cash and cash equivalents. These may include investments issued by New Zealand-registered banks, the New Zealand Government, corporations or local authorities, or non-New Zealand governments.
This chart shows the mix of assets that the fund generally intends to invest in – 100% cash and cash equivalents.
See the fund's actual investment mix on page 3 of the fund update.
Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme, the OneAnswer KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (no longer a default scheme and closed to new members). For the scheme guides and product disclosure statements see KiwiSaver documents and forms or ask at any ANZ branch.
This material is for information purposes only. Please talk to us if you need financial advice about your situation and goals or about our products and services. See our Financial advice provider disclosure statement (PDF 39.9KB).
Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.