BOOSTER KIWISAVER SCHEME
The Enhanced Cash Fund is a KiwiSaver scheme fund offered by Booster within the BOOSTER KIWISAVER SCHEME. This defensive fund holds 100% income assets and 0% growth assets, positioning it toward capital preservation and steady income generation. The fund serves as a conservative option within Booster's fund lineup for members seeking minimal volatility exposure.
Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
Every fund page on FundCompare ships with structured JSON and a plain-markdown summary alongside the HTML — so LLMs, MCP clients, and analysts can cite the same regulator-sourced data the page renders. Source documents come from FMA Disclose, IRD, and Sorted Fund Finder.
Compare every fund within a KiwiSaver scheme on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
Over the five-year period to 31 March 2026, the Enhanced Cash Fund delivered an average annual return of 1.83%. The fund charges an annual fee of 0.75%, which is higher than the peer-median fee of 0.61% for defensive KiwiSaver scheme funds in its category. The fund manages $93.5 million in assets across 4,840 members as of the latest quarterly fund update.
A risk indicator of 2 out of 7 on the FMA scale reflects a defensive positioning typically considered appropriate for members with low risk tolerance or those nearing withdrawal. This risk profile generally suits those prioritising capital stability over growth potential. Past performance is not a reliable indicator of future returns.
As of 2026-03-31 Enhanced Cash Fund reports an asset mix of 0% growth assets (shares, listed property, alternatives) and 100% income assets (cash, bonds, fixed interest). This split is typical for a defensive fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Enhanced Cash Fund has 2 quarters of QFU data on file (2025-12-31 to 2026-03-31). The 5-year average annual return reported in the most recent QFU is 1.83%. Past performance is not a reliable indicator of future returns.
At 0.75% in annual charges, Enhanced Cash Fund's fee sits 0.14 percentage points above the median for Defensive KiwiSaver scheme funds in our coverage (median 0.61%). 37 of the 49 funds in this cohort charge a lower annual fee (this fund ranks 38 cheapest of 49). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Enhanced Cash Fund carries a risk indicator of 2/7 on the FMA risk scale. Risk indicator 1-2 funds are typically considered for members with a short investment horizon (under 3 years) or those who prioritise capital stability over growth. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
1.83%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 31 March 2026, after fees and taxes. Compare these results with the average Defensive KiwiSaver scheme fund (light green).
0.75%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Defensive KiwiSaver scheme funds (light blue).
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 31 March 2026. The average mix fordefensive KiwiSaver scheme funds is shown in light blue.
Here’s the provider’s overview of the managed fund:
“ The Enhanced Cash Fund is suited to investors who seek a modest positive return over both the short and long term. We aim to achieve this by investing entirely in income assets. ”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
This fund's asset mix
Average for Defensive funds
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
These assets make up 34.98% of this fund.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
| NZ Cash (BNZ Bank Trust Account) | 12.88 | ||||
| BNZ Bank Bill 28/0 /2026 | 10.1 | ||||
| KiwiBank TD - NZPT 13 Oct 2026 @ | 3.070 | ||||
| Westpac Treasury - TD 06 Oct 2026 @ | 3.000 | ||||
| Westpac Treasury - TD 08 Jul 2026 @ | 2.997 | ||||
| Westpac Treasury - TD 16 Jul 2026 @ | 2.93 |
31 Dec 2025 → 31 Mar 2026
0.75%
This Fund
0.55%
Average Defensive Kiwisaver funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Defensive KiwiSaver scheme fund, so you can compare them directly.
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 0.75% | — |
| membership Membership fee | — | 3.00 |
1.83%
This Fund
1.35%
Average Defensive Kiwisaver funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Defensive KiwiSaver scheme funds is shown in grey.
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Manager information
| Name | BOOSTER INVESTMENT MANAGEMENT LIMITED |
| Type | NZ Limited Company |
| Website | |
| NZBN | 9429037597320 |
| FSP Number | FSP28142 |
Fund information
| Asset liquidity ratio | 100.00% |
| Total value of fund | $93524398.39 |
| Debt ratio |
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Investing involves risk. The value of your KiwiSaver investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
Before making any investment decision, you should read the Product Disclosure Statement (PDS) for the fund carefully. If you have questions or are unclear about the implications of your investment decision, you should seek advice from a licensed Financial Advice Provider.
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None this quarter.
Diffs we track across PDS, SIPO, holdings + fee history