- Managed Funds
Smart, easy investing
Explore our funds
Managed Funds work in a similar way to KiwiSaver funds, but you get to control how much and how often you want to invest, and when you want to withdraw your funds. Individuals only need $1,000¹ to get started, and from there our team of expert fund managers will actively manage your investment, making all the tough decisions about when and what to invest in.
Thematic Managed Fund
1 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets predominately made up of mid-large cap international equities with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Australasian Managed Fund
2 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets located predominately in New Zealand and Australia with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Global Managed Fund
3 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets predominantly made up of mid to large cap international equities with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Focused Growth Managed Fund
4 / 8
A higher return over the long term. It invests in an actively managed portfolio made up predominately of growth assets with a minor allocation of income assets.
Target investments for this fund
5%
Income assets
95%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
8 years
(Recommended)
Estimated annual fund charge⁴
1.36%
Balanced Managed Fund
5 / 8
A medium return over the medium term. It invests in an actively managed portfolio made up of slightly more growth assets than income assets.
Target investments for this fund
40%
Income assets
60%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
4/7
Timeframe and fund charges
Minimum investment timeframe
5 years
(Recommended)
Estimated annual fund charge⁴
1.32%
Conservative Managed Fund
6 / 8
A modest return over the short term. It invests in an actively managed portfolio made up largely of income assets with a small allocation of growth assets.
Target investments for this fund
80%
Income assets
20%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
3/7
Timeframe and fund charges
Minimum investment timeframe
2 years
(Recommended)
Estimated annual fund charge⁴
1.17%
Fixed Interest Managed Fund
7 / 8
Aims to provide a stable return over the short to medium term. It invests in an actively managed portfolio made up entirely of income assets.
Target investments for this fund
100%
Income assets
0%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
3/7
Timeframe and fund charges
Minimum investment timeframe
2 years
(Recommended)
Estimated annual fund charge⁴
0.85%
CashPlus Managed Fund
8 / 8
A stable return over the very short term. It invests in an actively managed portfolio made up entirely of income assets, for those who need certainty of the amount able to be withdrawn.
Target investments for this fund
100%
Income assets
0%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
1/7
Timeframe and fund charges
Minimum investment timeframe
N/A
Estimated annual fund charge⁴
0.48%
Thematic Managed Fund
1 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets predominately made up of mid-large cap international equities with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Australasian Managed Fund
2 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets located predominately in New Zealand and Australia with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Global Managed Fund
3 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets predominantly made up of mid to large cap international equities with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Focused Growth Managed Fund
4 / 8
A higher return over the long term. It invests in an actively managed portfolio made up predominately of growth assets with a minor allocation of income assets.
Target investments for this fund
5%
Income assets
95%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
8 years
(Recommended)
Estimated annual fund charge⁴
1.36%
Balanced Managed Fund
5 / 8
A medium return over the medium term. It invests in an actively managed portfolio made up of slightly more growth assets than income assets.
Target investments for this fund
40%
Income assets
60%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
4/7
Timeframe and fund charges
Minimum investment timeframe
5 years
(Recommended)
Estimated annual fund charge⁴
1.32%
Conservative Managed Fund
6 / 8
A modest return over the short term. It invests in an actively managed portfolio made up largely of income assets with a small allocation of growth assets.
Target investments for this fund
80%
Income assets
20%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
3/7
Timeframe and fund charges
Minimum investment timeframe
2 years
(Recommended)
Estimated annual fund charge⁴
1.17%
Fixed Interest Managed Fund
7 / 8
Aims to provide a stable return over the short to medium term. It invests in an actively managed portfolio made up entirely of income assets.
Target investments for this fund
100%
Income assets
0%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
3/7
Timeframe and fund charges
Minimum investment timeframe
2 years
(Recommended)
Estimated annual fund charge⁴
0.85%
CashPlus Managed Fund
8 / 8
A stable return over the very short term. It invests in an actively managed portfolio made up entirely of income assets, for those who need certainty of the amount able to be withdrawn.
Target investments for this fund
100%
Income assets
0%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
1/7
Timeframe and fund charges
Minimum investment timeframe
N/A
Estimated annual fund charge⁴
0.48%
Thematic Managed Fund
1 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets predominately made up of mid-large cap international equities with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Australasian Managed Fund
2 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets located predominately in New Zealand and Australia with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Global Managed Fund
3 / 8
A higher return over the long term. It invests in an actively managed portfolio of growth assets predominantly made up of mid to large cap international equities with a very minor allocation of income assets.
Target investments for this fund
2%
Income assets
98%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
10 years
(Recommended)
Estimated annual fund charge⁴
1.27%
Focused Growth Managed Fund
4 / 8
A higher return over the long term. It invests in an actively managed portfolio made up predominately of growth assets with a minor allocation of income assets.
Target investments for this fund
5%
Income assets
95%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
5/7
Timeframe and fund charges
Minimum investment timeframe
8 years
(Recommended)
Estimated annual fund charge⁴
1.36%
Balanced Managed Fund
5 / 8
A medium return over the medium term. It invests in an actively managed portfolio made up of slightly more growth assets than income assets.
Target investments for this fund
40%
Income assets
60%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
4/7
Timeframe and fund charges
Minimum investment timeframe
5 years
(Recommended)
Estimated annual fund charge⁴
1.32%
Conservative Managed Fund
6 / 8
A modest return over the short term. It invests in an actively managed portfolio made up largely of income assets with a small allocation of growth assets.
Target investments for this fund
80%
Income assets
20%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
3/7
Timeframe and fund charges
Minimum investment timeframe
2 years
(Recommended)
Estimated annual fund charge⁴
1.17%
Fixed Interest Managed Fund
7 / 8
Aims to provide a stable return over the short to medium term. It invests in an actively managed portfolio made up entirely of income assets.
Target investments for this fund
100%
Income assets
0%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
3/7
Timeframe and fund charges
Minimum investment timeframe
2 years
(Recommended)
Estimated annual fund charge⁴
0.85%
CashPlus Managed Fund
8 / 8
A stable return over the very short term. It invests in an actively managed portfolio made up entirely of income assets, for those who need certainty of the amount able to be withdrawn.
Target investments for this fund
100%
Income assets
0%
Growth assets
Fund performance¹
—
10 year return
Risk indicator²
1
2
3
4
5
6
7
Low
Risk / return
High
1/7
Timeframe and fund charges
Minimum investment timeframe
N/A
Estimated annual fund charge⁴
0.48%
Thematic Managed Fund
The Thematic Managed Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio of growth assets predominately made up of mid-large cap international equities with a very minor allocation of income assets. Volatility is likely to be very high. Returns will vary and may be low or negative at times.
Click for more information about the Thematic Fund
This fund is invested in
2%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
98%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
10 year return
Timeframe and fund charges
Minimum investment timeframe
10 years
Recommended
Estimated annual fund charge⁴
1.27%
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash and cash equivalents 2%
International Equities 98%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
10 year returns are not available for these funds as they launched within the last 10 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
A combination of market and Fund returns have been used to calculate risk indicators where Funds have not existed for 5 years or have had a significant change of investment policy. More specifically, market returns have been used for the Conservative and Balanced Funds for the initial period ending 20 May 2022. Market returns were exclusively used to calculate the risk indicators for the new CashPlus Fund, new Fixed Interest Fund and new Global Fund and for the Australasian and Thematic Funds. This means that the risk indicators for all of these Funds do not reflect the actual returns and may provide a less reliable indicator of the potential future volatility of the Fund. It should also be noted that the long term targets and benchmarks were changed for most of the Funds on 30 April 2025. Again, this means the risk indicators may provide a less reliable indicator of future volatility. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
Australasian Managed Fund
The Australasian Managed Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio of growth assets located predominately in New Zealand and Australia with a very minor allocation of income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times.
This fund is invested in
2%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
98%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
10 year return
Timeframe and fund charges
Minimum investment timeframe
10 years
Recommended
Estimated annual fund charge⁴
1.27%
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash and cash equivalents 2%
Australasian equities and property 98%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
10 year returns are not available for these funds as they launched within the last 10 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
A combination of market and Fund returns have been used to calculate risk indicators where Funds have not existed for 5 years or have had a significant change of investment policy. More specifically, market returns have been used for the Conservative and Balanced Funds for the initial period ending 20 May 2022. Market returns were exclusively used to calculate the risk indicators for the new CashPlus Fund, new Fixed Interest Fund and new Global Fund and for the Australasian and Thematic Funds. This means that the risk indicators for all of these Funds do not reflect the actual returns and may provide a less reliable indicator of the potential future volatility of the Fund. It should also be noted that the long term targets and benchmarks were changed for most of the Funds on 30 April 2025. Again, this means the risk indicators may provide a less reliable indicator of future volatility. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
Global Managed Fund
The Generate Global Managed Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio of growth assets predominantly made up of mid to large cap international equities with a very minor allocation of income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times.
This fund is invested in
2%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
98%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
10 year return
Timeframe and fund charges
Minimum investment timeframe
10 years
Recommended
Estimated annual fund charge⁴
1.27%
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash and cash equivalents 2%
International Equities 98%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
10 year returns are not available for these funds as they launched within the last 10 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
A combination of market and Fund returns have been used to calculate risk indicators where Funds have not existed for 5 years or have had a significant change of investment policy. More specifically, market returns have been used for the Conservative and Balanced Funds for the initial period ending 20 May 2022. Market returns were exclusively used to calculate the risk indicators for the new CashPlus Fund, new Fixed Interest Fund and new Global Fund and for the Australasian and Thematic Funds. This means that the risk indicators for all of these Funds do not reflect the actual returns and may provide a less reliable indicator of the potential future volatility of the Fund. It should also be noted that the long term targets and benchmarks were changed for most of the Funds on 30 April 2025. Again, this means the risk indicators may provide a less reliable indicator of future volatility. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
Focused Growth Managed Fund
The Focused Growth Managed Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio made up predominately of growth assets with a minor allocation of income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times.
This fund is invested in
5%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
95%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
10 year return
Timeframe and fund charges
Minimum investment timeframe
8 years
Recommended
Estimated annual fund charge⁴
1.36%
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash 5%
Australasian equities and property 30%
International equities 65%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
10 year returns are not available for these funds as they launched within the last 10 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
A combination of market and Fund returns have been used to calculate risk indicators where Funds have not existed for 5 years or have had a significant change of investment policy. More specifically, market returns have been used for the Conservative and Balanced Funds for the initial period ending 20 May 2022. Market returns were exclusively used to calculate the risk indicators for the new CashPlus Fund, new Fixed Interest Fund and new Global Fund and for the Australasian and Thematic Funds. This means that the risk indicators for all of these Funds do not reflect the actual returns and may provide a less reliable indicator of the potential future volatility of the Fund. It should also be noted that the long term targets and benchmarks were changed for most of the Funds on 30 April 2025. Again, this means the risk indicators may provide a less reliable indicator of future volatility. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
Balanced Managed Fund
The Balanced Managed Fund aims to provide a medium return over the medium term. It invests in an actively managed portfolio made up of slightly more growth assets than income assets. Volatility is likely to be medium to high. Returns will vary and may be low or negative at times.
This fund is invested in
40%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
60%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
10 year return
Timeframe and fund charges
Minimum investment timeframe
5 years
Recommended
Estimated annual fund charge⁴
1.32%
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash and cash equivalents 5%
Fixed interest 35%
Australasian equities and property 20%
International equities 40%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
10 year returns are not available for these funds as they launched within the last 10 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
A combination of market and Fund returns have been used to calculate risk indicators where Funds have not existed for 5 years or have had a significant change of investment policy. More specifically, market returns have been used for the Conservative and Balanced Funds for the initial period ending 20 May 2022. Market returns were exclusively used to calculate the risk indicators for the new CashPlus Fund, new Fixed Interest Fund and new Global Fund and for the Australasian and Thematic Funds. This means that the risk indicators for all of these Funds do not reflect the actual returns and may provide a less reliable indicator of the potential future volatility of the Fund. It should also be noted that the long term targets and benchmarks were changed for most of the Funds on 30 April 2025. Again, this means the risk indicators may provide a less reliable indicator of future volatility. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
Conservative Managed Fund
The Conservative Managed Fund aims to provide a modest return over the short term. It invests in an actively managed portfolio made up largely of income assets with a small allocation of growth assets. Volatility is likely to be low to medium. Returns will vary and may below or negative at times.
This fund is invested in
80%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
20%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
10 year return
Timeframe and fund charges
Minimum investment timeframe
2 years
Recommended
Estimated annual fund charge⁴
1.17%
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash and cash equivalents 5%
Fixed interest 75%
Australasian equities and property 7%
International equities 13%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
10 year returns are not available for these funds as they launched within the last 10 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
A combination of market and Fund returns have been used to calculate risk indicators where Funds have not existed for 5 years or have had a significant change of investment policy. More specifically, market returns have been used for the Conservative and Balanced Funds for the initial period ending 20 May 2022. Market returns were exclusively used to calculate the risk indicators for the new CashPlus Fund, new Fixed Interest Fund and new Global Fund and for the Australasian and Thematic Funds. This means that the risk indicators for all of these Funds do not reflect the actual returns and may provide a less reliable indicator of the potential future volatility of the Fund. It should also be noted that the long term targets and benchmarks were changed for most of the Funds on 30 April 2025. Again, this means the risk indicators may provide a less reliable indicator of future volatility. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
Fixed Interest Managed Fund
The Generate Fixed Interest Managed Fund aims to provide a stable return over the short to medium term. It invests in an actively managed portfolio made up entirely of income assets. Volatility is likely to be low to medium. Returns will vary and may be low or negative at times.
This fund is invested in
100%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
0%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
10 year return
Timeframe and fund charges
Minimum investment timeframe
2 years
Recommended
Estimated annual fund charge⁴
0.85%
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash and cash equivalents 5%
Fixed interest 95%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
10 year returns are not available for these funds as they launched within the last 10 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
A combination of market and Fund returns have been used to calculate risk indicators where Funds have not existed for 5 years or have had a significant change of investment policy. More specifically, market returns have been used for the Conservative and Balanced Funds for the initial period ending 20 May 2022. Market returns were exclusively used to calculate the risk indicators for the new CashPlus Fund, new Fixed Interest Fund and new Global Fund and for the Australasian and Thematic Funds. This means that the risk indicators for all of these Funds do not reflect the actual returns and may provide a less reliable indicator of the potential future volatility of the Fund. It should also be noted that the long term targets and benchmarks were changed for most of the Funds on 30 April 2025. Again, this means the risk indicators may provide a less reliable indicator of future volatility. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
CashPlus Managed Fund
The CashPlus Managed Fund aims to provide a stable return over the short term. It invests in an actively managed portfolio made up entirely of income assets. This fund is useful if you plan to withdraw your 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.
This fund is invested in
100%
Income assets
These investments generate income in the form of interest payments e.g., cash, term deposits and bonds.
0%
Growth assets
These investments generate a return from both capital growth and dividends e.g. shares, property and infrastructure.
Fund performance¹
—
10 year return
Timeframe and fund charges
Minimum investment timeframe
N/A
Estimated annual fund charge⁴
0.48%
Target investment mix²
This shows the ‘target’ amount of funds we plan to invest in different kinds of income or growth assets.
Cash and cash equivalents 100%
Risk indicator³
The risk category is calculated based on the volatility of past returns over five years.
1
2
3
4
5
6
7
Low
Risk / return
High
10 year returns are not available for these funds as they launched within the last 10 years.
The actual investment mix may vary from the target asset allocation as we pursue tactical investment opportunities, or as we seek to protect asset values in periods of market volatility. For further information about the funds’ investment activities see the Statement of Investment Policy and Objectives (SIPO).
A combination of market and Fund returns have been used to calculate risk indicators where Funds have not existed for 5 years or have had a significant change of investment policy. More specifically, market returns have been used for the Conservative and Balanced Funds for the initial period ending 20 May 2022. Market returns were exclusively used to calculate the risk indicators for the new CashPlus Fund, new Fixed Interest Fund and new Global Fund and for the Australasian and Thematic Funds. This means that the risk indicators for all of these Funds do not reflect the actual returns and may provide a less reliable indicator of the potential future volatility of the Fund. It should also be noted that the long term targets and benchmarks were changed for most of the Funds on 30 April 2025. Again, this means the risk indicators may provide a less reliable indicator of future volatility. See the PDS for more information.
Estimate for the year ahead. Annual fund charges for the fund are made up of: the base management fee; any third party underlying fund fees, and contains estimates For details
regarding the actual fund charges, see the latest fund update here.
See the Scheme’s Statement of Investment Policy and Objectives (SIPO).
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Disclaimers