# Summer New Zealand Cash

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** Summer (Forsyth Barr Investment Management Limited), parent Forsyth Barr
- **Asset class:** Cash and Cash Equivalents
- **Risk profile:** conservative
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The Summer New Zealand Cash is a cash managed fund run by Summer. Forsyth Barr-owned retail investment brand with a Selection multi-asset range and single-asset-class index funds.

## Fund data

- **Annual fund charge:** 0.62% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 2.41% p.a.
- **Risk indicator:** 1/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$5 million
- **Asset mix:** 0% growth assets · 100% income assets
- **Fund started:** 19 September 2016

## Top 10 holdings

1. New Zealand Government 15/05/2028 0.25 — 5.06%
2. Bank of China Call Account — 4.27%
3. Kiwibank FRN 13/06/2028 — 4.20%
4. Powerco CP 15/04/2026 — 3.86%
5. Tax Management NZ Tributum Trust CP 28/04/2026 — 3.86%
6. BNZ Transactional Account — 3.56%
7. ANZ Transactional Account — 3.51%
8. Rabobank FRN 05/04/2027 — 3.10%
9. Meridian Energy Limited CP 13/04/2026 — 3.09%
10. Investore Property Limited 2.40% 31/08/2027 — 2.44%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## How to invest

Available via: Summer directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Summer%20New%20Zealand%20Cash
- **Product Disclosure Statement:** /disclose-document/b6f336e391007734/Summer-Kiwi-Saver-Scheme-Product-Disclosure-Statement-14-May-2026.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10648/OFR10856/FND1187/
- **Manager website:** https://www.summer.co.nz

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

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- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.