Funds

Simplicity KiwiSaver High Growth Fund

Fund type: Aggressive fund

Average returns since the fund began, after fees and taxes. This fund does not yet have 3 years of data.

Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

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Total Ethical Concerns: 5.34%

The average total concerns of all KiwiSaver aggressive funds is 10.67%.

Companies of Concern

Animal Cruelty 2.28%
Procter & Gamble Co.
0.53%

0.53%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Unilever PLC
0.20%

0.20%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

UNILEVER PLC Animal Testing

Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.

L'Oréal SA
0.14%

0.14%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

L'ORÉAL SA Animal Testing

L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.

Colgate-Palmolive Co.
0.11%

0.11%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Shin-Etsu Chemical Co., Ltd.
0.11%

0.11%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

The Sherwin-Williams Co.
0.11%

0.11%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Hermès International Sca
0.10%

0.10%

Animal Welfare Issues

Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.

Fur & Speciality Leather

Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).

Ecolab, Inc.
0.08%

0.08%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Basf Se
0.06%

0.06%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Highly Hazardous Pesticides

Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

Kimberly-Clark Corp.
0.06%

0.06%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Dow, Inc.
0.05%

0.05%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Givaudan SA
0.05%

0.05%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Bayer
0.04%

0.04%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

GMOs

Where companies are involved in the development or release of GMO plants and seeds.

Highly Hazardous Pesticides

Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

Dupont De Nemours
0.04%

0.04%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Koninklijke Ahold Delhaize Nv
0.04%

0.04%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Novozymes A/S
0.04%

0.04%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Otsuka Holdings Co., Ltd.
0.04%

0.04%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

PPG Industries, Inc.
0.04%

0.04%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Church & Dwight Co., Inc.
0.03%

0.03%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Henkel AG & Co. Kgaa
0.03%

0.03%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

International Flavors & Fragrances, Inc.
0.03%

0.03%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Kao Corp.
0.03%

0.03%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Kering SA
0.03%

0.03%

Animal Welfare Issues

Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.

Fur & Speciality Leather

Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).

The Clorox Co.
0.03%

0.03%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

The Estée Lauder Companies, Inc.
0.03%

0.03%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

THE ESTÉE LAUDER COMPANIES, INC. Animal Testing

Estee Lauder is a multinational cosmetics company, a manufacturer and marketer of makeup, skincare, fragrance, and hair care products. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.

Akzo Nobel Nv
0.02%

0.02%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Beiersdorf AG
0.02%

0.02%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Entegris, Inc.
0.02%

0.02%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Rentokil Initial
0.02%

0.02%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Symrise AG
0.02%

0.02%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Unicharm Corp.
0.02%

0.02%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Croda International PLC
0.01%

0.01%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Hormel Foods Corp
0.01%

0.01%

Factory Farming

Where companies are involved in intensive poultry operations, including managing direct operations which raise birds or managing a network of contracted farmers, slaughtering, packaging and onward sale to wholesalers, retailers, and restaurant chains.

Shiseido Co., Ltd.
0.01%

0.01%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Tapestry, Inc.
0.01%

0.01%

Fur & Speciality Leather

Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).

The Swatch Group AG
0.01%

0.01%

Fur & Speciality Leather

Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
Human Rights Violations 1.68%
Johnson & Johnson
0.50%

0.50%

Public Safety

Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.

JOHNSON & JOHNSON Public Safety

Johnson & Johnson is the world's largest and most diverse healthcare firm. The company has been involved in repeated incidents related to the quality and safety of several of its products across all three of the company’s business segments — drugs, devices, and consumer products. Several products have been associated with allegations of severe or even fatal adverse impacts on patients.

Nestlé
0.33%

0.33%

Human Rights Abuses

Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.

NESTLÉ Human Rights Abuses

Nestle manufactures and sells food and beverages. The company has been criticised for exploiting local water resources for its bottled water production, which has forced underprivileged communities to pay a premium for their groundwater while alternatives have been exhausted. There have also been several allegations of labour conflicts and human rights violations in Nestle’s palm oil, coffee, fruits and seafood supply chains.

Thermo Fisher Scientific
0.30%

0.30%

Human Rights Abuses

Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.

THERMO FISHER SCIENTIFIC Human Rights Abuses

Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.

Uber Technologies, Inc.
0.19%

0.19%

Labour Rights Violations

Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.

UBER TECHNOLOGIES, INC. Labour Rights Violations

Uber is a ride and food delivery service provider. Evidence shows the company has been prioritising revenue growth over driver welfare and user safety. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage and other benefits, meaning drivers and vehicles are not subject to the labour standards expected from traditional taxi companies.

Ubs
0.13%

0.13%

Business Ethics

Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.

UBS Business Ethics

Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).

Motorola Solutions Inc
0.10%

0.10%

War & Conflict

Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.

MOTOROLA SOLUTIONS INC War & Conflict

Motorola is an American provider of communication products, video equipment, telecommunications equipment, software, systems, and services. Motorola Solutions and its subsidiary, Motorola Israel, have been accused of complicity in human rights violations due to its sale of communication products to the Israeli Ministry of Defence in the occupied Palestinian territories. Israeli settlements in occupied Palestinian territories are deemed illegal under international law and the United Nations Human Rights Council Report 2023 has identified Motorola as a company providing services supporting the maintenance and existence of these settlements. As of 2023, Motorola is the sole supplier of the 4G cellular network for the Israeli Military and provides their surveillance and security system, which research shows is being used for border surveillance in the occupied Palestinian territories.

Palantir Technologies
0.10%

0.10%

Human Rights Abuses

Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.

War & Conflict

Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.

PALANTIR TECHNOLOGIES Human Rights Abuses War & Conflict

Has developed AI-based predictive policing systems. These are sold to Israeli security forces and used in surveillance of Palestinian in occupied Palestinian territories. The systems were originally designed for US immigration authorities and are used in the US to target immigrants and manage raids.

Teva Pharmaceuticals
0.03%

0.03%

Public Safety

Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Fossil Fuels 1.2%
Contact Energy Ltd.
1.07%

1.5°C
This company is on a 1.5°C pathway

1.07%

Fossil Fuel Power Generation

Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.

CONTACT ENERGY LTD. Fossil Fuel Power Generation

Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.

Fairfax Financial Holdings Ltd.
0.04%

0.04%

Fossil Fuel Power Generation

Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.

Dassault Systèmes Se
0.03%

0.03%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Teck Resources Limited
0.03%

0.03%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Hong Kong & China Gas Co. Ltd.
0.01%

!!
This company is expanding their fossil fuel production and
is off track with the UN target to limit global temperature
rise to 1.5°C

0.01%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

South32 Ltd.
0.01%

0.01%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Weapons 0.18%
Amphenol Corp.
0.10%

0.10%

Military Weapons

Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.

Howmet Aerospace, Inc.
0.05%

0.05%

Military Weapons

Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.

Booz Allen Hamilton Holding Corp.
0.03%

0.03%

Military Weapons

Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
Environmental Harm 0.11%
Basf Se
0.06%

0.06%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Highly Hazardous Pesticides

Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

Bayer
0.04%

0.04%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

GMOs

Where companies are involved in the development or release of GMO plants and seeds.

Highly Hazardous Pesticides

Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

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From the Fund Provider

About this fund

About this Fund

Fund type: Aggressive fund

Past Returns: *20.67%

Average returns since the fund began, after fees and taxes. This fund does not yet have 3 years of data.

Annual Fees: 0.29%

Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

The High Growth Fund provides investors with exposure to mostly growth assets (shares & property). There is a very limited exposure to income assets (cash).

Value	$937M NZD
Period of data report	31st Dec. 2024
Members	20,032
Fund started	28th April 2023
Total annual fund fees	0.29%
Total performance based fees	0.0%
Manager's basic fee	0.29%
Other management and administration charges	0.0%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Sam Stubbs	Currently: Managing Director, Simplicity (8 years, 9 months) Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)
Joy Marslin	Currently: Director, Simplicity (8 years, 1 months) Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)
Andrew Lance	Currently: Chief Investment Officer, Simplicity (0 years, 10 months) Previously: Chief Operating Officer, Simplicity (7 years, 8 months)
Matthew Houtman	Currently: Head of Private Capital, Simplicity (4 years, 1 months) Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)
Reuben Halper	Currently: Director, Simplicity (7 years, 7 months) Previously: Agency Lead, Google NZ (current position) (9 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2024.

Portfolio Holdings v

Past Returns

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return

The market average is the average 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 31st Dec. 2024.

Investments

Top 10 Investments

Apple Inc

United States International Equities

4.68%
Simplicity Living Ltd Ordinary Shares

New Zealand Unlisted Property

4.38%
Nvidia Corp

United States International Equities

4.03%
Microsoft Corporation

United States International Equities

3.99%
Fisher & Paykel Healthcare Ltd

New Zealand Australasian Equities

3.37%
Amazon.Com Inc

United States International Equities

2.62%
Auckland International Airport Ltd

New Zealand Australasian Equities

2.04%
Infratil Ltd

New Zealand Australasian Equities

1.97%
Cash At Bank

New Zealand Cash and Equivalents

1.57%
Tesla Motors Inc

United States International Equities

1.44%

Type	Target	Actual
Cash and Cash Equivalents	2.0%	2.79%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	16.1%	22.27%
International Equities	71.9%	70.56%
Listed Properties	0.0%	0.0%
Unlisted Properties	10.0%	4.38%
Other	0.0%	0.0%
Commodities	0.0%	0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2024.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2024 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Companies of Concern
About this fund
Past Returns
Investments

Issues of Concern

2.28% Animal Cruelty
1.68% Human Rights Violations
0.0% Social Harm
1.2% Fossil Fuels
0.18% Weapons
0.11% Environmental Harm

Companies of Concern

Animal Cruelty
- Procter & Gamble Co.
  0.53%
  
  0.53%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Unilever PLC
  0.20%
  
  0.20%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
  
  UNILEVER PLC Animal Testing
  
  Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
- L'Oréal SA
  0.14%
  
  0.14%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
  
  L'ORÉAL SA Animal Testing
  
  L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
- Colgate-Palmolive Co.
  0.11%
  
  0.11%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Shin-Etsu Chemical Co., Ltd.
  0.11%
  
  0.11%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- The Sherwin-Williams Co.
  0.11%
  
  0.11%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Hermès International Sca
  0.10%
  
  0.10%
  
  Animal Welfare Issues
  
  Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
  
  Fur & Speciality Leather
  
  Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
- Ecolab, Inc.
  0.08%
  
  0.08%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Basf Se
  0.06%
  
  0.06%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
  
  Highly Hazardous Pesticides
  
  Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
- Kimberly-Clark Corp.
  0.06%
  
  0.06%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Dow, Inc.
  0.05%
  
  0.05%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Givaudan SA
  0.05%
  
  0.05%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Bayer
  0.04%
  
  0.04%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
  
  GMOs
  
  Where companies are involved in the development or release of GMO plants and seeds.
  
  Highly Hazardous Pesticides
  
  Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
- Dupont De Nemours
  0.04%
  
  0.04%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Koninklijke Ahold Delhaize Nv
  0.04%
  
  0.04%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Novozymes A/S
  0.04%
  
  0.04%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Otsuka Holdings Co., Ltd.
  0.04%
  
  0.04%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- PPG Industries, Inc.
  0.04%
  
  0.04%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Church & Dwight Co., Inc.
  0.03%
  
  0.03%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Henkel AG & Co. Kgaa
  0.03%
  
  0.03%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- International Flavors & Fragrances, Inc.
  0.03%
  
  0.03%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Kao Corp.
  0.03%
  
  0.03%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Kering SA
  0.03%
  
  0.03%
  
  Animal Welfare Issues
  
  Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
  
  Fur & Speciality Leather
  
  Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
- The Clorox Co.
  0.03%
  
  0.03%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- The Estée Lauder Companies, Inc.
  0.03%
  
  0.03%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
  
  THE ESTÉE LAUDER COMPANIES, INC. Animal Testing
  
  Estee Lauder is a multinational cosmetics company, a manufacturer and marketer of makeup, skincare, fragrance, and hair care products. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
- Akzo Nobel Nv
  0.02%
  
  0.02%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Beiersdorf AG
  0.02%
  
  0.02%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Entegris, Inc.
  0.02%
  
  0.02%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Rentokil Initial
  0.02%
  
  0.02%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Symrise AG
  0.02%
  
  0.02%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Unicharm Corp.
  0.02%
  
  0.02%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Croda International PLC
  0.01%
  
  0.01%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Hormel Foods Corp
  0.01%
  
  0.01%
  
  Factory Farming
  
  Where companies are involved in intensive poultry operations, including managing direct operations which raise birds or managing a network of contracted farmers, slaughtering, packaging and onward sale to wholesalers, retailers, and restaurant chains.
- Shiseido Co., Ltd.
  0.01%
  
  0.01%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Tapestry, Inc.
  0.01%
  
  0.01%
  
  Fur & Speciality Leather
  
  Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
- The Swatch Group AG
  0.01%
  
  0.01%
  
  Fur & Speciality Leather
  
  Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
Human Rights Violations
- Johnson & Johnson
  0.50%
  
  0.50%
  
  Public Safety
  
  Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
  
  JOHNSON & JOHNSON Public Safety
  
  Johnson & Johnson is the world's largest and most diverse healthcare firm. The company has been involved in repeated incidents related to the quality and safety of several of its products across all three of the company’s business segments — drugs, devices, and consumer products. Several products have been associated with allegations of severe or even fatal adverse impacts on patients.
- Nestlé
  0.33%
  
  0.33%
  
  Human Rights Abuses
  
  Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
  
  NESTLÉ Human Rights Abuses
  
  Nestle manufactures and sells food and beverages. The company has been criticised for exploiting local water resources for its bottled water production, which has forced underprivileged communities to pay a premium for their groundwater while alternatives have been exhausted. There have also been several allegations of labour conflicts and human rights violations in Nestle’s palm oil, coffee, fruits and seafood supply chains.
- Thermo Fisher Scientific
  0.30%
  
  0.30%
  
  Human Rights Abuses
  
  Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
  
  THERMO FISHER SCIENTIFIC Human Rights Abuses
  
  Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.
- Uber Technologies, Inc.
  0.19%
  
  0.19%
  
  Labour Rights Violations
  
  Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
  
  UBER TECHNOLOGIES, INC. Labour Rights Violations
  
  Uber is a ride and food delivery service provider. Evidence shows the company has been prioritising revenue growth over driver welfare and user safety. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage and other benefits, meaning drivers and vehicles are not subject to the labour standards expected from traditional taxi companies.
- Ubs
  0.13%
  
  0.13%
  
  Business Ethics
  
  Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
  
  UBS Business Ethics
  
  Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
- Motorola Solutions Inc
  0.10%
  
  0.10%
  
  War & Conflict
  
  Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
  
  MOTOROLA SOLUTIONS INC War & Conflict
  
  Motorola is an American provider of communication products, video equipment, telecommunications equipment, software, systems, and services. Motorola Solutions and its subsidiary, Motorola Israel, have been accused of complicity in human rights violations due to its sale of communication products to the Israeli Ministry of Defence in the occupied Palestinian territories. Israeli settlements in occupied Palestinian territories are deemed illegal under international law and the United Nations Human Rights Council Report 2023 has identified Motorola as a company providing services supporting the maintenance and existence of these settlements. As of 2023, Motorola is the sole supplier of the 4G cellular network for the Israeli Military and provides their surveillance and security system, which research shows is being used for border surveillance in the occupied Palestinian territories.
- Palantir Technologies
  0.10%
  
  0.10%
  
  Human Rights Abuses
  
  Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
  
  War & Conflict
  
  Where a company is complicit in its products or services enabling violations of the Geneva Convention and infringement of the rights of individuals in war or conflict situations.
  
  PALANTIR TECHNOLOGIES Human Rights Abuses War & Conflict
  
  Has developed AI-based predictive policing systems. These are sold to Israeli security forces and used in surveillance of Palestinian in occupied Palestinian territories. The systems were originally designed for US immigration authorities and are used in the US to target immigrants and manage raids.
- Teva Pharmaceuticals
  0.03%
  
  0.03%
  
  Public Safety
  
  Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
Fossil Fuels
- Contact Energy Ltd.
  1.07%
  
  1.5°C
  This company is on a 1.5°C pathway
  
  1.07%
  
  Fossil Fuel Power Generation
  
  Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
  
  CONTACT ENERGY LTD. Fossil Fuel Power Generation
  
  Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
- Fairfax Financial Holdings Ltd.
  0.04%
  
  0.04%
  
  Fossil Fuel Power Generation
  
  Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
- Dassault Systèmes Se
  0.03%
  
  0.03%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Teck Resources Limited
  0.03%
  
  0.03%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Hong Kong & China Gas Co. Ltd.
  0.01%
  
  !!
  This company is expanding their fossil fuel production and
  is off track with the UN target to limit global temperature
  rise to 1.5°C
  
  0.01%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- South32 Ltd.
  0.01%
  
  0.01%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Weapons
- Amphenol Corp.
  0.10%
  
  0.10%
  
  Military Weapons
  
  Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
- Howmet Aerospace, Inc.
  0.05%
  
  0.05%
  
  Military Weapons
  
  Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
- Booz Allen Hamilton Holding Corp.
  0.03%
  
  0.03%
  
  Military Weapons
  
  Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
Environmental Harm
- Basf Se
  0.06%
  
  0.06%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
  
  Highly Hazardous Pesticides
  
  Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
- Bayer
  0.04%
  
  0.04%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
  
  GMOs
  
  Where companies are involved in the development or release of GMO plants and seeds.
  
  Highly Hazardous Pesticides
  
  Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

About this Fund

Fund type: Aggressive fund

Past Returns: *20.67%

Average returns since the fund began, after fees and taxes. This fund does not yet have 3 years of data.

Annual Fees: 0.29%

Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

The High Growth Fund provides investors with exposure to mostly growth assets (shares & property). There is a very limited exposure to income assets (cash).

Value	$937M NZD
Period of data report	31st Dec. 2024
Members	20,032
Fund started	28th April 2023
Total annual fund fees	0.29%
Total performance based fees	0.0%
Manager's basic fee	0.29%
Other management and administration charges	0.0%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Sam Stubbs	Currently: Managing Director, Simplicity (8 years, 9 months) Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)
Joy Marslin	Currently: Director, Simplicity (8 years, 1 months) Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)
Andrew Lance	Currently: Chief Investment Officer, Simplicity (0 years, 10 months) Previously: Chief Operating Officer, Simplicity (7 years, 8 months)
Matthew Houtman	Currently: Head of Private Capital, Simplicity (4 years, 1 months) Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)
Reuben Halper	Currently: Director, Simplicity (7 years, 7 months) Previously: Agency Lead, Google NZ (current position) (9 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2024.

Portfolio Holdings v

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year	Market Average	Fund Annual Return

The market average is the average 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 31st Dec. 2024.

Top 10 Investments

Apple Inc

United States International Equities

4.68%
Simplicity Living Ltd Ordinary Shares

New Zealand Unlisted Property

4.38%
Nvidia Corp

United States International Equities

4.03%
Microsoft Corporation

United States International Equities

3.99%
Fisher & Paykel Healthcare Ltd

New Zealand Australasian Equities

3.37%
Amazon.Com Inc

United States International Equities

2.62%
Auckland International Airport Ltd

New Zealand Australasian Equities

2.04%
Infratil Ltd

New Zealand Australasian Equities

1.97%
Cash At Bank

New Zealand Cash and Equivalents

1.57%
Tesla Motors Inc

United States International Equities

1.44%

Type	Target	Actual
Cash and Cash Equivalents	2.0%	2.79%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	16.1%	22.27%
International Equities	71.9%	70.56%
Listed Properties	0.0%	0.0%
Unlisted Properties	10.0%	4.38%
Other	0.0%	0.0%
Commodities	0.0%	0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2024.

Funds

Simplicity KiwiSaver High Growth Fund

Total Ethical Concerns: 5.34%

Companies of Concern

Animal Cruelty 2.28%

Human Rights Violations 1.68%

Fossil Fuels 1.2%

Weapons 0.18%

Environmental Harm 0.11%

From the Fund Provider

About this fund

About this Fund

In their own words

Key Personnel

Past Returns

Past Returns

Investments

Top 10 Investments

Investment Mix

Issues of Concern

Companies of Concern

Animal Cruelty

Human Rights Violations

Fossil Fuels

Weapons

Environmental Harm

About this Fund

In their own words

Key Personnel

Past Returns

Top 10 Investments

Investment Mix

Disclosures

Investing Risk

How we are funded

Privacy