Generate Kiwisaver Scheme
Cashplus Fund
The Smiths take
Cashplus Fund Smiths Rating B
Smiths' editorial rating, our internal opinion based on 10-year returns, fees, and risk band fit. Not a formal credit rating or regulated star rating.
Smiths reviews this fund against every other defensive option in NZ on net-of-fees returns, total fees, and band fit. The full Sorted snapshot is below.
General information only · Past performance is not a reliable indicator of future performance · For personal advice please contact us.
At a glance
This fund is for investors seeking
Three quick reads for whether the Cashplus Fund fits your situation.
A 1+ year timeframe
This is a defensive KiwiSaver fund. The provider's recommended minimum holding period sits in the 1+ year range.
A lower-risk investment
Sorted's risk indicator places this at 1 on a 1–7 scale. Smaller swings, lower long-term returns.
Mostly income assets
0% growth assets (shares, property) and 100% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
0.00% / 100.00%
Growth / Income · avg 0.36% / 99.64%
Fees
0.91%
$273 on $30k · avg 1.22%
What the provider says
In their own words
“The CashPlus Fund aims to provide a stable return over the very short term. It invests in an actively managed portfolio made up predominantly of income assets with a maturity of less than 1 year. This fund is useful if you plan to withdraw your KiwiSaver funds within the next 12 months and need certainty of the amount you intend to withdraw. Volatility is likely to be very low, however a negative return is still possible.”
- Fund start date
- 16 May 2022
- Withdrawal rules
- This is a KiwiSaver fund. generally you can withdraw only to purchase a first home, after the age of 65, or in cases of significant financial hardship.
Asset mix
What this fund actually holds
Growth assets are 0.00% of the fund, income assets the rest. The mix is the latest snapshot from Sorted, with the average for this risk band's KiwiSaver funds shown alongside.
- Sharesthis fundavg
0.00%
avg 0.23%
- Propertythis fundavg
0.00%
avg 0.14%
- Otherthis fundavg
0.00%
avg 0.00%
- Bondsthis fundavg
6.18%
avg 50.54%
- Cashthis fundavg
93.82%
avg 49.09%
What it owns
Top 10 holdings. 64.47% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
Mercury Sep 2026 Bonds
Cash
Cash and Cash EquivalentsNZ10.07%Rabobank 6 May 2026 Nzcp
Cash
Cash and Cash EquivalentsNZ7.08%Spark Sep 2026 Bonds
Cash
Cash and Cash EquivalentsNZ6.92%Asb Nz Dollar Cash Account
Cash
Cash and Cash EquivalentsNZ6.77%Transpower Apr 2026 Bonds
Cash
Cash and Cash EquivalentsNZ6.40%Argosy Mar 2026 Green Bonds
Cash
Cash and Cash EquivalentsNZ6.02%Argosy Oct 2026 Bonds
Cash
Cash and Cash EquivalentsNZ5.76%Bank Of New Zealand June 2026 Bonds
Cash
Cash and Cash EquivalentsNZ5.40%Vector Energy Oct 2026 Bonds
Cash
Cash and Cash EquivalentsNZ5.05%Powerco Ltd 16 Feb 2026 Nzcp
Cash
Cash and Cash EquivalentsNZ5.00%
Fees breakdown
What you actually pay
Modelled on a $30,000 balance held for one full year. Each line shows this fund's % and dollar cost vs. the average for funds in the same risk band.
Management
Charged by the fund manager, % of your balance.
0.76%
avg 0.47%
$228
avg $140
+0.29%Other
Other potential costs not in the categories below.
0.00%
avg 0.23%
-
avg -
−0.23%Performance-based
Higher when the fund (or underlying fund) performs well.
0.00%
avg -
$0
avg -
Membership
A flat annual fee, regardless of balance or performance.
0.12%
avg 0.05%
$36
avg $15
+0.07%
Total combined fees
Doesn't include fees for one-off activities like transferring or withdrawing.
0.91%
avg 1.22%
$273
avg $366
Yearly returns
2 years on the books
This fund hasn't had a full five-year history yet. Below is the year-by-year story so far, with the group average alongside.
Returns: living in the past
Seeking returns is the point of investing, but the ones shown above are already gone. they won't continue. Pick a fund based on the right mix for your situation and reasonable fees, not on past returns.
Risk indicator
Sorted risk rating: 1 of 7
The Sorted risk indicator is calculated from the last 5 years of price volatility. Higher = more ups and downs but typically higher long-term returns.
Fund details
The unsexy stats that matter
- Total fund value
- $102,242,777
- Members
- 2,848
- Asset liquidity ratio
- 100.00%
- Debt ratio
- 0.00%
- Default KiwiSaver fund
- No
- Fund reference
- FND39246
Manager
Generate Kiwisaver Scheme
Licensed with the Financial Markets Authority.
- NZBN
- 9429030374034
- FSP number
- FSP271005
Smiths Health Check
Is the Cashplus Fund actually the right fund for you?
Take the 90-second Health Check. We'll grade your current setup, tell you what it's costing you, and recommend the best fit from our advised panel, benchmarked against every fund in the directory, not just generate.
Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →