Simplicity KiwiSaver Scheme
Simplicity Guaranteed Income Fund

In their own words: "The Guaranteed Income Fund invests in a mix of growth and income assets. On retirement, it provides investors with a regular income for life, even if their original investment runs out."

At a glance:

Mindful Fund
Type: Balanced fund
Past Returns: *5.64%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.61%

Annual fees, including membership and % management fee, assuming $10,000 investment.

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More information:

A summary of this fund and it's details.

Number FND7229
Name Simplicity Guaranteed Income Fund
Risk profile Balanced fund
Description The Guaranteed Income Fund invests in a mix of growth and income assets. On retirement, it provides investors with a regular income for life, even if their original investment runs out.
Value $1.5M NZD
Members 13
Market index description A composite index, calculated using the return of each asset class index the fund invests in, weighted by the fund's benchmark asset allocation. See the Statement of Investment Policy and Objectives (SIPO) for details of the fund's benchmark asset allocation and the asset class indices.
Disclosure Statement Period Sun March 31st 2019
Fund started Tue Oct. 24th 2017
Three-year average return *5.64%
Market index past year return 7.52%
Past year return net charges and tax 5.64
Past year return net of charges gross of tax 7.04
Market index return since fund started 6.03%
Return since fund started net 4.32%
Total annual fund fees 1.61
Total performance based fees 0.0
Manager's basic fee 0.3
Administration charges 1.31
Total other charges 30.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 5.68% 5.64%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Showing the top 10 investments for this fund:

  • Vanguard Ethically Conscious Int Shares Index Fund
    Australia International Equities N/A
    28.91%
  • Vanguard Ethically Conscious Global Bond Index Fund
    Australia Int Fixed Interest N/A
    23.48%
  • Vanguard Australian Share Index Fund
    Australia Australasian Equities N/A
    8.35%
  • Cash At Bank
    New Zealand Cash and Equivalents AA+
    8.06%
  • NZGB 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    2.52%
  • NZGB 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    2.5%
  • NZGB 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AA+
    2.31%
  • NZGB 3% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    2.12%
  • NZGB 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.95%
  • Nzlgfa 6.00% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    1.87%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 8.0% 8.15%
New Zealand Fixed Interest 23.5% 22.95%
International Fixed Interest 23.5% 23.48%
Australasian Equities 16.0% 16.51%
International Equities 29.0% 28.91%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Key Personnel

  • Joy Marslin

    Currently: Director, Simplicity (2 years, 4 months)
    Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)

  • Mel Hewitson

    Currently: Director, Simplicity (0 years, 1 months)
    Previously: Independent Director, Heritage Trustee Company Ltd (current position) (1 years, 0 months)

  • Reuben Halper

    Currently: Director, Simplicity (2 years, 0 months)
    Previously: Agency Lead, Google NZ (current position) (3 years, 6 months)

  • Sam Stubbs

    Currently: Managing Director, Simplicity (3 years, 0 months)
    Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

  • Shamubeel Eaqab

    Currently: Director, Simplicity (1 years, 10 months)
    Previously: Economics consultant, Sense Partners (current position) (2 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.08%
  • Animal Testing:
    2.47%
  • Fossil Fuels:
    1.50%
  • Gambling:
    0.18%
  • GMOs:
    0.36%
  • Human Rights & Environmental Violations:
    1.23%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. Note that the Fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the Fund.

Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

Download the fund's disclosure statement and portfolio holdings.

This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.