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.
Why these two differ
The most material structural difference here is data availability: Simplicity NZ Cash Fund discloses a full set of quantitative metrics in its latest Quarterly Fund Update, while the Harbour Enhanced Cash Fund's QFU data is entirely absent from this snapshot — fee, risk indicator, fund size, growth asset allocation, and top holdings are all unreported for Fund A. Any comparison of those dimensions is therefore one-sided by necessity.
On the data that does exist, Simplicity NZ Cash Fund carries an annual fund charge of 0.12%, a risk indicator of 2 out of 7, and a fund size of approximately NZD 91.5 million. Its growth asset allocation sits at just 0.07%, consistent with a cash-category mandate. The five-year return figure is not disclosed in the snapshot for either fund. Simplicity's top five holdings are dominated by bank floating-rate notes — Kiwibank FRN 13 June 2028 (8.27%) and Westpac FRN 6 July 2026 (8.01%) are the largest named positions — alongside Housing NZ fixed-rate debt and 10.57% held as cash at bank. Whether Harbour's "Enhanced Cash" label signals a materially different credit or duration approach cannot be assessed without its corresponding QFU data.
Both funds sit in the Cash category on FMA Disclose. Readers should verify all figures, including any updated Harbour Enhanced Cash Fund disclosure, against the source Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
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. |
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
LiveLast verified 2026-05-08
Simplicity
Common questions
What's the difference between the Harbour Enhanced Cash Fund and the Simplicity NZ Cash Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
