SuperLife KiwiSaver Scheme
UK Cash Fund
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View holdings changes →HoldingsMATERIALJun 2026Top-10 turnover: 3 new, 3 droppedQuarter-on-quarter (Mar 2026 → Jun 2026)
Overview
About this defensive fund
The UK Cash Fund sits within the SuperLife KiwiSaver Scheme as a defensive option. It holds 100% income assets and 0% growth assets, positioning it toward capital preservation and steady income generation rather than capital growth. This allocation places it at the conservative end of the scheme's fund range, suitable for those prioritising stability over expansion of their balance.
Over the five-year period to 30 June 2026, the scheme fund delivered an average annual return of 2.48%. The annual fee of 0.52% sits marginally below the peer-median fee of 0.54% for defensive KiwiSaver scheme funds in its cohort. The fund manages $73.4 million across 3,076 members. Past performance is not a reliable indicator of future returns.
On the FMA risk indicator scale, this fund rates 4 out of 7, placing it in the lower-to-moderate risk band. Funds at this level are typically considered appropriate for members with shorter investment timeframes, those nearing or in retirement, or individuals with a low tolerance for investment volatility. Past performance is not a reliable indicator of future returns.
Holdings
As of 2024-06-30 UK 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.
Performance
UK Cash Fund has 27 quarters of QFU data on file (2017-09-30 to 2024-06-30). Past performance is not a reliable indicator of future returns.
Fees
At 0.52% in annual charges, UK Cash Fund's fee sits 0.02 percentage points below the median for Defensive KiwiSaver scheme funds in our coverage (median 0.54%). 22 of the 49 funds in this cohort charge a lower annual fee (this fund ranks 23 cheapest of 49). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
UK Cash Fund carries a risk indicator of 4/7 on the FMA risk scale. Risk indicator 3-4 funds are typically considered for members with a medium investment horizon (3-10 years) or those balancing growth potential against shorter-term volatility. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Snapshot
A 0.52% annual fee on a $30,000 balance
Five-year return
No 5-year average return figure held for this fund.
Five Year Average Return
About “—” in return figures: it means no figure is held, not a return of zero. No 5-year average return figure is held for this fund. Figures are drawn from fund disclosures on the FMA Disclose register, chiefly quarterly fund updates. Each fund shows the most recent figure held; the latest quarter broadly covered across all funds is March 2026. A fund too new to report a period has no figure for it; other gaps are figures not yet captured from the updates ingested so far.
Returns (green) show the fund’s growth over the five years to 30 June 2024, after fees and taxes. Compare these results with the average Defensive KiwiSaver scheme fund (light green).
Annual fee
0.52%
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).
Growth / income split
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 30 June 2024. The average mix for defensive KiwiSaver scheme funds is shown in light blue.
In the provider’s words
What the provider says about this fund
Here’s the provider’s overview of the managed fund:
“Invests in UK cash and is designed to reflect the return (before tax, fees and other expenses) of the UK cash market.”
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.
Asset mix
0% growth assets, 100% income assets
This fund's asset mix
Average for defensive funds
Your investment mix shapes your outcome
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.
Largest holdings · 30 June 2026
Top 10 holdings — 26.71% of this fund
These assets make up 26.71% of this fund as at 30 June 2026.
These are the most recent holdings held for this fund, and they predate the 30 June 2024 figures shown elsewhere on this page. Holdings are captured from the fund’s quarterly updates, which do not always carry a readable holdings table, so a fund can be current on fees and returns while its holdings list is older.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | NZLGFA Bond 15/04/27 | 4.50 | |||
 | Kiwibank TD 17/12/26 | 3.15 | |||
 | Kiwibank TD 14/09/26 | 3.08 | |||
 | Westpac New Zealand TD 18/12/26 | 3.075 | |||
 | Rabobank FRN 08/12/26 | 2.46 | |||
 | Housing New Zealand Bond 05/10/26 | 2.247 | |||
 | Toyota Finance New Zealand FRN 30/09/27 | 2.21 | |||
 | NZD Cash Account (ANZ Bank) | 2.14 | |||
 | Transpower NZ FRN 14/09/26 | 2.01 | |||
 | Auckland Council FRN 04/10/27 | 1.84 |
Top-10 holdings changes
31 Mar 2026 → 30 Jun 2026
NZLGFA Bond 15/04/274.50%
NZD Cash Account (ANZ Bank)2.14%
Housing New Zealand Bond 05/10/262.25%
Westpac New Zealand TD 18/06/26was 2.92%
NZLGFA Bond 15/04/26was 1.50%
Bank Of New Zealand Bond 08/06/26 1.884was 2.38%
None this quarter.
Rabobank FRN 08/12/262.69% → 2.46% (-0.23 pp)
Toyota Finance New Zealand FRN 30/09/272.41% → 2.21% (-0.20 pp)
Transpower NZ FRN 14/09/262.19% → 2.01% (-0.18 pp)
Auckland Council FRN 04/10/272.01% → 1.84% (-0.17 pp)
Fees in context
How this fee compares with the category
0.52%
This Fund
0.55%
Average Defensive KiwiSaver scheme 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.
Smaller Fees, Bigger Potential
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 breakdown
What makes up the 0.52% annual charge
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 0.52% | — |
| administration Administration fee | — | 30 |
Returns in context
How the five-year return compares with the category
No five-year data available
This Fund
1.31%
Average Defensive KiwiSaver scheme 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.
Returns: Reflecting the Past
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
Risk indicator: 4 of 7
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.
Fund details
The numbers that don’t make headlines
Manager information
| Name | SMARTSHARES LIMITED |
| Type | NZ Limited Company |
| Website | superlife.co.nz |
| NZBN | 9429038512483 |
| FSP Number | FSP26531 |
Fund information
| Asset liquidity ratio | 100.00% |
| Total value of fund | $73,383,861 |
| Debt ratio | — |
Fee + return history
View detailed history →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.
PDS changes
View detailed PDS history →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.
Holdings changes
View detailed holdings diff →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.
SIPO changes
View detailed SIPO history →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.
AI · API · Markdown
Machine-readable surfaceEvery 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.
Identifiers
- FMA fund code
- FND2630
- FSP number
- FSP26531
- NZBN
- 9429038512483
- Provider
- Smartshares
- Scheme
- SuperLife KiwiSaver Scheme
Endpoints for UK Cash Fund
One-click MCP install
Opens Cursor and adds the MCP server with one confirmation
Opens VS Code MCP install dialog
Full per-client guide + ChatGPT GPT setup at /api/mcp.
Quick examples
cURL
curl -s "https://fundcompare.co.nz/api/fund/smartshares/uk-cash-fund/facts.json" | jq .Python
import requests
data = requests.get("https://fundcompare.co.nz/api/fund/smartshares/uk-cash-fund/facts.json").json()
print(data["fund_name" if "fund" == "fund" else "name"])MCP (Claude Desktop / ChatGPT)
# Claude Code (CLI):
claude mcp add --transport http fundcompare https://fundcompare.co.nz/mcp
# Cursor / Cline / Continue (settings JSON):
{ "mcpServers": { "fundcompare": { "url": "https://fundcompare.co.nz/mcp" } } }
# Claude Desktop (UI): Settings → Connectors → Add custom connector
# URL: https://fundcompare.co.nz/mcp
# Claude Desktop via JSON (uses npx mcp-remote bridge):
{ "mcpServers": { "fundcompare": {
"command": "npx", "args": ["-y", "mcp-remote", "https://fundcompare.co.nz/mcp"]
} } }
# Tools: search_funds, get_fund, get_provider, get_qfu_filing — anonymous, free.FundCompare is not a Financial Advice Provider. Data is sourced from FMA Disclose, IRD, and Sorted Fund Finder. The endpoints above are free, public, and cached for one hour. KiwiSaver® is a registered trademark of Inland Revenue.
Explore this with AI
Open a fresh AI chat pre-loaded with this page — ask it to summarise, explain, or compare, and it can read FundCompare's underlying data directly.
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
Compare
Learn
Important Information and Disclosure
The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your 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.
All information displayed is sourced from scheme providers, the Disclose Register, and the Sorted Smart Investor universal feed (operated by Te Ara Ahunga Ora Retirement Commission), or other publicly available sources. We take reasonable steps to ensure accuracy but cannot guarantee information is always current or complete.
FundCompare.co.nz may receive referral fees or commissions from scheme providers if you sign up via links on this website. These payments do not influence the order, ranking, or inclusion of products displayed.
For more information, please see our Terms of Service, Privacy Policy, and Disclosure Statement.
This website is operated by FundCompare.co.nz and is not endorsed by, or affiliated with, the New Zealand government or Inland Revenue. FundCompare.co.nz is using the KiwiSaver trade mark and logo under licence from Inland Revenue. To view the official New Zealand government KiwiSaver website, please click here.
© 2026 FundCompare.co.nz. All rights reserved.