Fund-vs-fund · Cash
Lifetime 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.
What's different at a glance
- Simplicity NZ Cash Fund charges 0.53% lower in annual fund charges (0.12% vs 0.65%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Simplicity NZ Cash Fund is roughly 593.7× the size of the other fund.
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
Lifetime
0.65%
Highest 10% of cohort
Simplicity
0.12%
Lowest 10% of cohort
5-year return p.a.
Past performance — not a predictor
Lifetime
—
—
Simplicity
—
—
Fund size
Larger = more stable, lower close-risk
Lifetime
NZ$154k
Smallest 10% in cohort
Simplicity
NZ$92m
Upper half by size
| Metric | Lifetime | Simplicity | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.65% | 0.12% | Lower is better |
| Risk indicator (1–7) | 2 | 2 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$154k | 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. |
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
2
of each fund's top 10
Lifetime weight in shared
100.0%
of Lifetime Cash Fund top 10 is shared
Simplicity weight in shared
21.1%
of Simplicity NZ Cash Fund top 10 is shared
| Holding | Lifetime | Simplicity |
|---|---|---|
| FI Fisher Institutional New Zealand Cash Fund NZ | 98.47% | 10.57% |
| $ Cash at Bank NZ | 1.53% | 10.57% |
"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
Lifetime
Lifetime Cash Fund
Invests in a range of cash and cash equivalent investments. Expected to experience low volatility.Full Lifetime Lifetime 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 →
Common questions
What's the difference between the Lifetime Cash Fund and the Simplicity NZ Cash Fund?
Which fund has lower fees, Lifetime Cash Fund or Simplicity NZ Cash Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
