Fund-vs-fund · Cash

Harbour Enhanced Cash FundvsSimplicity 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

Where you can buy these

Platform availability confirmed within the last 180 days. This is a statement of availability, not a recommendation — ManagedFundsNZ is not a Financial Advice Provider. Check the current PDS before investing.

Harbour Enhanced Cash Fund

Available on InvestNow→

Simplicity NZ Cash Fund

No platform availability confirmed. Usually means it is bought directly from the manager — check their site.

What's different at a glance

Simplicity NZ Cash Fund charges 0.14% lower in annual fund charges (0.12% vs 0.26%).
Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Harbour Enhanced Cash Fund is roughly 2.8× the size of the other fund.

Where each fund sits in its cohort

Percentile rank vs all 6 cash funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.

Annual fund charge

Lower is better

Harbour

0.26%

Lower half of cohort

Simplicity

0.12%

Lowest 8% of cohort

5-year return p.a.

Past performance — not a predictor

Harbour

2.79%

Top 25% over 5 years

Simplicity

—

Fund size

Larger = more stable, lower close-risk

Harbour

NZ$260m

Largest 8% in cohort

Simplicity

NZ$92m

Upper half by size

Metric	Harbour	Simplicity	Lower / higher is
Annual fund charge	0.26%	0.12%	Lower is better
Risk indicator (1–7)	2	2	Higher = more volatility
5-year return p.a.	2.79%	—	Higher is better (past not future)
Fund size	NZ$260m	NZ$92m	Larger = more stable, lower close-risk
Growth / income split	0% / 100%	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:Harbour on Sorted Simplicity on Sorted

Portfolio overlap

How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.

Matching holdings

of each fund's top 10

Harbour weight in shared

9.1%

of Harbour Enhanced Cash Fund top 10 is shared

Simplicity weight in shared

10.6%

of Simplicity NZ Cash Fund top 10 is shared

Holding	Harbour	Simplicity	Min weight
$ANZ NZD CashNZ	9.11%	10.57%	9.11%

"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.

What each fund says it does

Harbour

Harbour Enhanced Cash Fund

The Harbour Enhanced Cash Fund is an actively managed portfolio that holds liquid money market securities, NZ Government Stock, corporate bonds and bank deposits, all denominated in New Zealand Dollars. The Fund is designed to earn a premium over 90 day bank bills, while aiming to avoid the volatility of traditional fixed interest funds. The maximum permitted duration of the Fund is 2 years. The Fund maintains a core holding of highly liquid securities in order to minimise transaction costs and facilitate investor cash flow requirements at short notice. The Fund a

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

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. Simplicity NZ Cash Fund charges 0.14% lower in annual fund charges (0.12% vs 0.26%).

Which fund has lower fees, Harbour Enhanced Cash Fund or Simplicity NZ Cash Fund?

Simplicity NZ Cash Fund has the lower annual fund charge (0.12% p.a. vs 0.26% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.

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?

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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.