MAS KiwiSaver Cash Fund
The Cash Fund invests 100% in income assets. Can invest in a range of cash, cash equivalents and short-term NZ fixed interest assets. Aims to achieve stable returns over the short term.
MAS is proud to be a New Zealand-owned insurance and investment company that’s been enhancing the financial health and wellbeing of our Members since 1921. Originally founded by doctors for doctors, today we support all New Zealand professionals and their families with a range of insurance and investment solutions to help grow your wealth and protect what’s important. As a mutual we're owned by our Members, so we have your best interests at heart and not a single dollar goes to offshore shareholders. If you'd like to discuss your insurance or investment requirements, we'd love to talk.
| Value | $15.6M NZD |
| Period of data report | 30th Sept. 2025 |
| Members | 395 |
| Fund started | 22nd Dec. 2008 |
| Total annual fund fees | 0.25% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.24% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Brendan O’Donovan |
Currently: Chair Investment Committee (8 years, 3 months)
|
|
Daniel Mead |
Currently: Head of Investment (2 years, 2 months)
|
|
Peter May |
Currently: Head of Fixed Income & Markets Desk, JBWere (27 years, 8 months)
|
|
Tom Phillips |
Currently: Senior Adviser, JBWere (21 years, 1 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2025 | 3.81% | 4.04% |
| 2024 | 3.51% | 3.85% |
| 2023 | -0.13% | 1.96% |
| 2022 | -1.68% | 0.54% |
| 2021 | 1.56% | 0.6% |
| 2020 | 1.64% | 1.28% |
| 2019 | 2.37% | 1.64% |
| 2018 | 2.05% | 1.73% |
| 2017 | 1.53% | 1.79% |
| 2016 | 2.72% | 2.54% |
The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
Jbwere Premium Custody Call Account - AUD
New Zealand Cash and Equivalents
Kiwibank Term Deposit 4.750% 13/02/2025 13/02/2026
New Zealand Cash and Equivalents A+
Kiwibank Term Deposit 4.300% 14/03/2025 16/03/2026
New Zealand Cash and Equivalents A+
Bank Of New Zealand Term Deposit 4.08% 04/06/2025 04/06/2026
New Zealand Cash and Equivalents AA-
Rabobank Term Deposit 4.000% 23/09/2025 23/09/2026
New Zealand Cash and Equivalents A
Bank Of China Term Deposit 4.700% 07/02/2025 09/02/2026
New Zealand Cash and Equivalents A
Bank Of China Term Deposit 4.400% 08/04/2025 08/04/2026
New Zealand Cash and Equivalents A
China Construction Bank Term Deposit 3.900% 01/07/2025 01/07/2026
New Zealand Cash and Equivalents A
Kiwibank Term Deposit 4.050% 11/07/2025 07/01/2026
New Zealand Cash and Equivalents A+
Kiwibank Term Deposit 4.050% 30/07/2025 26/01/2026
New Zealand Cash and Equivalents A+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 100.0% | 100.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
This data is compiled by Mindful Money from the fund information and portfolios
that each
KiwiSaver
fund has
filed with the Disclose register to 30th Sept. 2025 and Mindful Money
analysis of funds within those portfolios. The list of companies of concern has
been drawn from ratings agencies and public sources, including the Norwegian
Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
The Cash Fund invests 100% in income assets. Can invest in a range of cash, cash equivalents and short-term NZ fixed interest assets. Aims to achieve stable returns over the short term.
MAS is proud to be a New Zealand-owned insurance and investment company that’s been enhancing the financial health and wellbeing of our Members since 1921. Originally founded by doctors for doctors, today we support all New Zealand professionals and their families with a range of insurance and investment solutions to help grow your wealth and protect what’s important. As a mutual we're owned by our Members, so we have your best interests at heart and not a single dollar goes to offshore shareholders. If you'd like to discuss your insurance or investment requirements, we'd love to talk.
| Value | $15.6M NZD |
| Period of data report | 30th Sept. 2025 |
| Members | 395 |
| Fund started | 22nd Dec. 2008 |
| Total annual fund fees | 0.25% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.24% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Brendan O’Donovan |
Currently: Chair Investment Committee (8 years, 3 months)
|
|
Daniel Mead |
Currently: Head of Investment (2 years, 2 months)
|
|
Peter May |
Currently: Head of Fixed Income & Markets Desk, JBWere (27 years, 8 months)
|
|
Tom Phillips |
Currently: Senior Adviser, JBWere (21 years, 1 months)
|
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2025 | 3.81% | 4.04% |
| 2024 | 3.51% | 3.85% |
| 2023 | -0.13% | 1.96% |
| 2022 | -1.68% | 0.54% |
| 2021 | 1.56% | 0.6% |
| 2020 | 1.64% | 1.28% |
| 2019 | 2.37% | 1.64% |
| 2018 | 2.05% | 1.73% |
| 2017 | 1.53% | 1.79% |
| 2016 | 2.72% | 2.54% |
The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
Jbwere Premium Custody Call Account - AUD
New Zealand Cash and Equivalents
Kiwibank Term Deposit 4.750% 13/02/2025 13/02/2026
New Zealand Cash and Equivalents A+
Kiwibank Term Deposit 4.300% 14/03/2025 16/03/2026
New Zealand Cash and Equivalents A+
Bank Of New Zealand Term Deposit 4.08% 04/06/2025 04/06/2026
New Zealand Cash and Equivalents AA-
Rabobank Term Deposit 4.000% 23/09/2025 23/09/2026
New Zealand Cash and Equivalents A
Bank Of China Term Deposit 4.700% 07/02/2025 09/02/2026
New Zealand Cash and Equivalents A
Bank Of China Term Deposit 4.400% 08/04/2025 08/04/2026
New Zealand Cash and Equivalents A
China Construction Bank Term Deposit 3.900% 01/07/2025 01/07/2026
New Zealand Cash and Equivalents A
Kiwibank Term Deposit 4.050% 11/07/2025 07/01/2026
New Zealand Cash and Equivalents A+
Kiwibank Term Deposit 4.050% 30/07/2025 26/01/2026
New Zealand Cash and Equivalents A+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 100.0% | 100.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2025.
This data is compiled by Mindful Money from the fund information and portfolios
that each
KiwiSaver
fund has
filed with the Disclose register to 30th Sept. 2025 and Mindful Money
analysis of funds within those portfolios. The list of companies of concern has
been drawn from ratings agencies and public sources, including the Norwegian
Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
