Fund-vs-fund · Cash

Harbour Enhanced Cash Fund vs Simplicity NZ Cash Fund

Both are Cash funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.

Harbour

Harbour Enhanced Cash Fund

PIE · capped at PIR (max 28%) conservative

Simplicity

Simplicity NZ Cash Fund

PIE · capped at PIR (max 28%) conservative

What's different at a glance

Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where each fund sits in its cohort

Percentile rank vs all 5 cash funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.

Annual fund charge

Lower is better

Harbour

—

Simplicity

0.12%

Lowest 10% of cohort

5-year return p.a.

Past performance — not a predictor

Harbour

—

Simplicity

—

Fund size

Larger = more stable, lower close-risk

Harbour

—

Simplicity

NZ$92m

Upper half by size

Metric	Harbour	Simplicity	Lower / higher is
Annual fund charge	—	0.12%	Lower is better
Risk indicator (1–7)	—	2	Higher = more volatility
5-year return p.a.	—	—	Higher is better (past not future)
Fund size	—	NZ$92m	Larger = more stable, lower close-risk
Growth / income split	—	0% / 100%	More growth = higher long-run return + volatility
NZ tax structure	PIE (PIR-capped)	PIE (PIR-capped)	PIE = simpler. FIF = annual return.
Currency hedging	—	—	Hedged smooths NZD/foreign FX moves at a small cost.
Responsible investment screening	No	No	Specific exclusions live in each fund's SIPO.
Available via	Direct	Direct	Platforms accepting retail subscriptions.

Sources: Simplicity on Sorted

What each fund says it does

Harbour

Harbour Enhanced Cash Fund

Strategy summary not yet ingested.

Full Harbour Harbour Enhanced Cash Fund profile →

Simplicity

Simplicity NZ Cash Fund

The NZ Cash Fund provides investors with exposure to debt securities.

Full Simplicity Simplicity NZ Cash Fund profile →

Documents

Crawled directly from each manager's website. How we record provenance →

Harbour

Live

Last verified 2026-05-08

Supporting document

7507 kB · file fingerprint recorded
Supporting document

2611 kB · file fingerprint recorded
Supporting document

3223 kB · file fingerprint recorded
Supporting document

2469 kB · file fingerprint recorded
Supporting document

8447 kB · file fingerprint recorded
Supporting document

4303 kB · file fingerprint recorded
+ 9 more on the fund page

Simplicity

Not yet crawled. View fund page for FMA Disclose link.

Common questions

What's the difference between the Harbour Enhanced Cash Fund and the Simplicity NZ Cash Fund?

Both are cash funds available to NZ retail investors. Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Are both funds PIE-taxed in NZ?

Yes. Both are NZ Portfolio Investment Entities (PIEs). Investor tax on the fund's income is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where can I read the official documents for these funds?

Both funds publish their Product Disclosure Statement (PDS), Statement of Investment Policy (SIPO) and Quarterly Fund Update (QFU) on the FMA Disclose register at disclose-register.companiesoffice.govt.nz. Always read the current PDS before investing.

Not sure which fund is right for you?

Find a financial adviser on FinanceAdvisers.co.nz

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Important: This comparison is general information only — not personalised financial advice. Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.