Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Johnson & Johnson 0.15%
    • Nestle SA-Reg 0.12%
    • Thermo Fisher Scientific Inc 0.08%
    • Wells Fargo & Company 0.06%
    • Nestle Holdings Inc 0.05%
    • Uber Technologies Inc 0.04%
    • Credit Suisse Group AG 0.03%
    • Credit Suisse New York 0.03%
    • Nestle SA 0.03%
    • Motorola Solutions Inc 0.02%
    • Thermo Fisher Scientific 0.02%
    • BHP Group Ltd 0.06% !!
      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
    • Basf Se 0.02%
    • Bayer AG-Reg 0.02%
    • Southern Copper Corp 0.02%
    • Jbs Usa/Food/Finance 0.01%
    • Nutrien Ltd 0.01%
    • Procter & Gamble Co/The 0.14%
    • Unilever PLC 0.05%
    • L'Oreal 0.04%
    • Basf Se 0.02%
    • Bayer AG-Reg 0.02%
    • Colgate-Palmolive Co 0.02%
    • Ecolab Inc 0.02%
    • Hermes International 0.02%
    • Kimberly-Clark Corp 0.02%
    • Sherwin-Williams Co/The 0.02%
    • Unilever Finance 0.02%
    • Dow Inc 0.01%
    • Dupont De Nemours Inc 0.01%
    • Estee Lauder Companies-Cl A 0.01%
    • Givaudan-Reg 0.01%
    • Kering 0.01%
    • Koninklijke Ahold Delhaize N 0.01%
    • Nutrien Ltd 0.01%
    • PPG Industries Inc 0.01%
    • Amphenol Corp-Cl A 0.02%
    • Daikin Industries Ltd 0.02%
    • Contact Energy Ltd 0.30% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.06% !!
      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
    • National Grid PLC 0.02% !!
      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
    • Compagnie De Saint Gobain 0.01%
    • Marubeni Corp 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

Fund Provider Response

After an internal review, and in accordance with our Responsible Investment Policy, as of 13 November 2023 Simplicity funds no longer hold Bank Hapoalim BM and Bank Leumi Le Israel BM.

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. 2023 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.

About this fund

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. As a not-for-profit, we only charge what it costs, nothing more. And 100% online means no costly branches or commissions.

Value $130M NZD
Period of data report 30th Sept. 2023
Members 3,289
Fund started 1st Sept. 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 0.0
Total other charges currency NZD

Sam Stubbs

Currently: Managing Director, Simplicity (7 years, 6 months)
Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

Joy Marslin

Currently: Director, Simplicity (6 years, 10 months)
Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)

Andrew Lance

Currently: Chief Operating Officer, Simplicity (7 years, 3 months)
Previously: Consultant, AMP Financial Services (1 years, 0 months)

Matthew Houtman

Currently: Head of Private Capital, Simplicity (2 years, 10 months)
Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

Reuben Halper

Currently: Director, Simplicity (6 years, 4 months)
Previously: Agency Lead, Google NZ (current position) (8 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

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
2023 -1.85% -2.98%
2022 -0.58% -1.78%
2021 8.94% 7.18%
2020 0.45% 2.36%
2019 4.19% 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 30th Sept. 2023.

Top 10 Investments

  • Cash At Bank
    New Zealand Cash and Equivalents
    3.75%
  • NZGB 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    2.74%
  • NZGB 1.5% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    2.06%
  • Nzlgfa 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AA+
    1.88%
  • NZGB 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.67%
  • NZGB 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    1.65%
  • NZGB 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AA+
    1.24%
  • Housnz 4.422% 15/10/2027
    New Zealand NZ Fixed Interest AA+
    1.1%
  • Simplicity Living Ltd Ordinary Shares
    New Zealand Unlisted Property
    1.06%
  • Apple Inc
    United States International Equities
    1.02%
Type Target Actual
Cash and Cash Equivalents 2.0% 3.67%
New Zealand Fixed Interest 33.0% 32.41%
International Fixed Interest 42.0% 41.11%
Australasian Equities 3.8% 5.16%
International Equities 16.7% 16.43%
Listed Properties 0.0% 0.0%
Unlisted Properties 2.5% 1.22%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.