Simplicity Conservative Fund

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Mindful Fund

Fund type: Conservative fund

Past Returns: 2.59%

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

Annual Fees: 0.31%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Contact Energy Ltd 0.33%
Cnac Hk Finbridge Co Ltd. 0.01%

Gambling

GMOs

Corteva Inc. 0.01%

Human Rights & Environmental Violations

Nestle SA 0.15%
Meta Platforms Inc. 0.13%
Thermo Fisher Scientific Inc. 0.08%
Caterpillar Inc. 0.03%
Activision Blizzard Inc. 0.02%
Bayer US Finance Ii Llc 0.02%
Wells Fargo & Co. 0.02%
Archer-Daniels-Midland Co. 0.01%
Bayer AG 0.01%
Cnac Hk Finbridge Co Ltd. 0.01%
Corteva Inc. 0.01%
Credit Suisse AG (London Branch) 0.01%
Credit Suisse Group AG 0.01%
Nutrien Ltd. 0.01%
Uber Technologies Inc. 0.01%

Animal Testing

Nestle SA 0.14%
Procter & Gamble Co. 0.13%
Coca-Cola Co. 0.09%
Pepsico Inc. 0.09%
Mondelez International Inc. 0.04%
Unilever PLC 0.03%
Bayer US Finance Ii Llc 0.02%
Colgate-Palmolive Co. 0.02%
Archer-Daniels-Midland Co. 0.01%
Bayer AG 0.01%
Cnac Hk Finbridge Co Ltd. 0.01%
Corteva Inc. 0.01%
Estee Lauder Cos. Inc. 0.01%
General Mills Inc. 0.01%
Kimberly-Clark Corp. 0.01%
Nutrien Ltd. 0.01%
Sherwin-Williams Co. 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 2022 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.

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
2022 -0.92% -1.78%
2021 8.73% 7.18%
2020 1.42% 2.36%
2019 4.58% 5.33%
2018 3.58% 3.56%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Vanguard Eth'Y Conscious Global Index Bond Fund
    Australia Int Fixed Interest
    41.37%
  • Vanguard Eth'Y Conscious Int Shares Index Fund NZD Hedged
    Australia International Equities
    9.51%
  • Vanguard Eth'Y Conscious Int Shares Index Fund Unhedged
    Australia International Equities
    5.5%
  • Cash At Bank
    New Zealand Cash and Equivalents
    3.33%
  • NZGB 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    2.81%
  • NZGB 3% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    2.35%
  • Nzlgfa 5.50% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    2.28%
  • Nzlgfa 2.25% 15/05/2031
    New Zealand NZ Fixed Interest AA+
    1.93%
  • NZGB 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.8%
  • Nzlgfa 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AA-
    1.6%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 2.0% 3.54%
New Zealand Fixed Interest 33.0% 32.81%
International Fixed Interest 42.0% 41.37%
Australasian Equities 7.5% 7.27%
International Equities 15.5% 15.01%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 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 Fri Sept. 30th 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    1.51%
  • Fossil Fuels:
    0.40%
  • Gambling:
    0.01%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    0.88%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 2022 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.

Note that 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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The Conservative Fund provides investors with a limited exposure to growth assets, but most of its investments are in income assets. Simplicity is a nonprofit fund manager, owned by the Simplicity Foundation. 15% of our fee goes to the Simplicity Foundation. We invest with a conscience. We don't make money from companies that cause harm. As a not-for-profit, we only charge what it costs, nothing more. And 100% online means no costly branches or commissions."

Value $140M NZD
Period of data report Fri Sept. 30th 2022
Members 3,545
Fund started Thu Sept. 1st 2016
Total annual fund fees 0.31%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Other management and administration charges 0.01%
Total other charges 20.0
Total other charges currency NZD

Key Personnel

Sam Stubbs

Currently: Managing Director, Simplicity (6 years, 6 months)
Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

Joy Marslin

Currently: Director, Simplicity (5 years, 10 months)
Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)

Andrew Lance

Currently: Chief Operating Officer, Simplicity (6 years, 3 months)
Previously: Consultant, AMP Financial Services (1 years, 0 months)

Matthew Houtman

Currently: Head of Private Capital, Simplicity (1 years, 10 months)
Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

Reuben Halper

Currently: Director, Simplicity (5 years, 4 months)
Previously: Agency Lead, Google NZ (current position) (7 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.