Enhanced Cash Fund
Overview
Invests in cash, cash equivalents and short-term New Zealand debt security assets. Aims to achieve returns (before fees, taxes and other expenses) greater than the Official Cash Rate (OCR) over a rolling 12 month period. These investments typically have very low movement up and down in value.
Unit Price
1.1590 NZD
Month End Unit Price
1.1573 NZD
The unit prices shown do not take into account any adjustment for PIE tax.
Buy/sell spreads may apply when transacting. There are currently none.
Manager's Comment
Major Investments
| Company name | % of fund |
|---|---|
| Ryman Healthcare Ltd 2.55% 18/12/2026 | 5.17% |
| Kiwibank FRN 13/06/2028 | 4.48% |
| Tax Management NZ Tributum Trust CP 28/10/2026 | 3.56% |
| Bank of China Call Account | 3.22% |
| Argosy Property Limited Green Bonds 29/10/2026 2.90% | 3.05% |
| Rabobank FRN 05/04/2027 | 2.89% |
| BNZ FRN 11/05/2029 | 2.88% |
| Watercare CP 16/09/2026 | 2.86% |
| NZGV T-Bill 18/11/2026 | 2.84% |
| New Zealand Government 3% 20/04/2029 | 2.83% |
| Major holdings as % of total portfolio | 33.78% |
Monthly Performance
Quarterly Performance
Performance over time
Return Comparison
| 1 Month | 3 Months | 1 Year | *3 Years | *Since commenced operation | |
|---|---|---|---|---|---|
| Net Fund Return | 1 Month 0.25% | 3 Months 0.79% | 1 Year 2.84% | *3 Years 4.53% | *Since commenced operation 4.62% |
| Gross Fund Return | 1 Month 0.28% | 3 Months 0.88% | 1 Year 3.21% | *3 Years 4.90% | *Since commenced operation 4.99% |
| S&P/NZX Bank Bills 90-Day Index | 1 Month 0.22% | 3 Months 0.62% | 1 Year 2.66% | *3 Years 4.25% | *Since commenced operation 4.35% |
*Annualised
Net Fund Returns are calculated before deduction of taxes but after deduction of fund charges and trading expenses and including imputation credits where available. Gross Fund Returns are calculated before deduction of taxes and fund charges but after deduction of trading expenses and including imputation credits where applicable. Market index returns do not have any deductions for fund charges, trading expenses or tax.
The S&P/NZX Bank Bills 90-Day Index (“Index”) is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Forsyth Barr Limited. Copyright © 2015 S&P Dow Jones Indices LLC, a subsidiary of McGraw Hill Financial Inc., and/or its affiliates. All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.
Fund update
As at 30 June 2026
This document tells you how the Enhanced Cash Fund has performed and what fees were charged. The document will help you to compare the fund with other funds.
General Fund Information
Risk indicator
Potentially lower returns
Potentially higher returns
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Lower risk
Higher risk
The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the relevant fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The risk indicator is based on the returns data for the five years to 30 June 2026. See more information about the risks of investing in the Product Disclosure Statement.
Target investment mix
| Cash and cash equivalents | 65.00% |
| New Zealand fixed interest | 35.00% |
| International fixed interest | 0.00% |
| Australasian equities | 0.00% |
| International equities | 0.00% |
| Listed property | 0.00% |
Things to note
- Manager: Salt Investment Funds Limited
- Investment manager: Octagon Asset Management Limited
- Date the fund started: 7 June 2023
- Tax status: Portfolio Investment Fund (PIE)
- Minimum suggested investment time frame: Less than 12 months
- Benchmark: S&P/ NZX Bank Bills 90-Day Index
- Currency: New Zealand dollars
View the Product Disclosure Statement for detailed information about this Fund and Octagon Investment Funds Scheme.
Fees
- Annual fund charges are currently 0.35% p.a. of the value of your investment. We pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.
Important resources
Annual report and financial statement
Annual Report FYE 2026 PDF (149 KB)
Annual Report FYE 2025 PDF (160 KB)
Annual Report FYE 2024 PDF (161 KB)
Financial Statements PDF (1.3 MB)
PIE information
Governing documents
Statement Of Investment Policy And Objectives PDF (845 KB)
Deed of Amendment and Restatement Establishment Deed PDF (606 KB)
Deed of Amendment and Restatement of Master Unit Trust Deed PDF (1023 KB)
Other material information
Other material information PDF (742 KB)
Salt Investment Funds Limited is the issuer and Octagon Asset Management Limited the investment manager of the Octagon Investment Funds. The comments on this webpage do not take your personal circumstances into account. Before acting on any information on this webpage, we recommend you seek financial advice. Past performance is not a reliable guide to future performance. Salt Investment Funds Limited, Octagon Asset Management Limited and their affiliates do not make any representation or warranty (express or implied) that this webpage is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this webpage. This webpage is not intended to be distributed or made available to any person in any jurisdiction where doing so would constitute a breach of any applicable laws or regulations.
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