Funds

This is a Mindful fund Simplicity KiwiSaver Conservative Fund

Total Ethical Concerns: 1.89%

The average total concerns of all KiwiSaver conservative funds is 3.58%.

Companies of Concern

  • Animal Cruelty 0.55%

    • 0.12%
    • Unilever PLC
      0.04%
      0.04%
    • The Sherwin-Williams Co.
      0.03%
      0.03%
    • Bayer
      0.02%
      0.02%
    • Colgate-Palmolive Co.
      0.02%
      0.02%
    • Dupont De Nemours
      0.02%
      0.02%
    • Ecolab, Inc.
      0.02%
      0.02%
    • Hermès International Sca
      0.02%
      0.02%
    • L'Oréal SA
      0.02%
      0.02%
    • Basf Se
      0.01%
      0.01%
    • Kimberly-Clark Corp.
      0.01%
      0.01%
    • Nutrien Ltd.
      0.01%
      0.01%
    • Shin-Etsu Chemical Co., Ltd.
      0.01%
      0.01%
  • Human Rights Violations 0.7%

    • 0.13%
    • Nestlé
      0.11%
      0.11%
    • UBS
      0.11%
      0.11%
    • Wells Fargo
      0.09%
      0.09%
    • General Motors
      0.05%
      0.05%
    • 0.05%
    • 0.03%
    • Holcim
      0.02%
      0.02%
  • Fossil Fuels 0.33%

    • Contact Energy Ltd.
      0.26%
      1.5°C
      This company is on a 1.5°C pathway
      0.26%
    • BHP
      0.03%
      !!
      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
      0.03%
    • Fairfax Financial Holdings Ltd.
      0.01%
      0.01%
  • Weapons 0.04%

    • Amphenol Corp.
      0.02%
      0.02%
    • Howmet Aerospace, Inc.
      0.02%
      0.02%
  • Environmental Harm 0.4%

    • Coca-Cola
      0.09%
      0.09%
    • PepsiCo
      0.07%
      0.07%
    • Unilever PLC
      0.04%
      0.04%
    • BHP
      0.03%
      !!
      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
      0.03%
    • 0.03%
    • Mondelez
      0.03%
      0.03%
    • Bayer
      0.02%
      0.02%
    • Basf Se
      0.01%
      0.01%
    • Danone
      0.01%
      0.01%
    • 0.01%
    • Nutrien Ltd.
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    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 $161M NZD
    Period of data report 31st March 2025
    Members 3,020
    Fund started 1st Sept. 2016
    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

    Sam Stubbs

    Currently: Managing Director, Simplicity (9 years, 0 months)
    Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

    Joy Marslin

    Currently: Director, Simplicity (8 years, 4 months)
    Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)

    Reuben Halper

    Currently: Director, Simplicity (7 years, 10 months)
    Previously: Agency Lead, Google NZ (current position) (9 years, 6 months)

    Andrew Lance

    Currently: Chief Investment Officer, Simplicity (1 years, 1 months)
    Previously: Chief Operating Officer, Simplicity (7 years, 8 months)

    Matthew Houtman

    Currently: Head of Private Capital, Simplicity (4 years, 4 months)
    Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

  • 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
    2025 3.91% 4.06%
    2024 6.48% 6.0%
    2023 -1.85% -2.98%
    2022 -0.74% -1.78%
    2021 8.94% 7.18%
    2020 0.61% 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 31st March 2025.

  • Investments

    Top 10 Investments

    • Cash At Bank

      New Zealand Cash and Equivalents AA-

      5.6%
    • Nzlgfa Bond 2.75% 15 April 2025

      New Zealand NZ Fixed Interest AA+

      2.93%
    • Simplicity Living Ltd Ordinary Shares

      New Zealand Unlisted Property

      1.81%
    • New Zealand Govt Bond 1.5% 15 May 2031

      New Zealand NZ Fixed Interest AA+

      1.52%
    • Westpac NZ Floating Rate Note 6 July 2026

      New Zealand Cash and Equivalents AA-

      1.46%
    • Ibrd Bond 1.25% 10 December 2030

      New Zealand NZ Fixed Interest AAA

      1.27%
    • New Zealand Govt Bond 3% 20 April 2029

      New Zealand NZ Fixed Interest AA+

      1.24%
    • New Zealand Govt Bond 5% 15 May 2054

      New Zealand NZ Fixed Interest AA+

      1.1%
    • New Zealand Govt Bond 2% 15 May 2032

      New Zealand NZ Fixed Interest AA+

      1.03%
    • New Zealand Govt Bond 2.75% 15 April 2037

      New Zealand NZ Fixed Interest AA+

      0.97%
    Type Target Actual
    Cash and Cash Equivalents 25.0% 16.45%
    New Zealand Fixed Interest 20.0% 27.81%
    International Fixed Interest 35.0% 36.08%
    Australasian Equities 3.75% 4.22%
    International Equities 13.75% 13.63%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 2.5% 1.81%
    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 March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.55% Animal Cruelty
  • 0.7% Human Rights Violations
  • 0.0% Social Harm
  • 0.33% Fossil Fuels
  • 0.04% Weapons
  • 0.4% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • 0.12%
    • Unilever PLC
      0.04%
      0.04%
    • The Sherwin-Williams Co.
      0.03%
      0.03%
    • Bayer
      0.02%
      0.02%
    • Colgate-Palmolive Co.
      0.02%
      0.02%
    • Dupont De Nemours
      0.02%
      0.02%
    • Ecolab, Inc.
      0.02%
      0.02%
    • Hermès International Sca
      0.02%
      0.02%
    • L'Oréal SA
      0.02%
      0.02%
    • Basf Se
      0.01%
      0.01%
    • Kimberly-Clark Corp.
      0.01%
      0.01%
    • Nutrien Ltd.
      0.01%
      0.01%
    • Shin-Etsu Chemical Co., Ltd.
      0.01%
      0.01%
  • Human Rights Violations

    • 0.13%
    • Nestlé
      0.11%
      0.11%
    • UBS
      0.11%
      0.11%
    • Wells Fargo
      0.09%
      0.09%
    • General Motors
      0.05%
      0.05%
    • 0.05%
    • 0.03%
    • Holcim
      0.02%
      0.02%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.26%
      1.5°C
      This company is on a 1.5°C pathway
      0.26%
    • BHP
      0.03%
      !!
      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
      0.03%
    • Fairfax Financial Holdings Ltd.
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.02%
      0.02%
    • Howmet Aerospace, Inc.
      0.02%
      0.02%
  • Environmental Harm

    • Coca-Cola
      0.09%
      0.09%
    • PepsiCo
      0.07%
      0.07%
    • Unilever PLC
      0.04%
      0.04%
    • BHP
      0.03%
      !!
      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
      0.03%
    • 0.03%
    • Mondelez
      0.03%
      0.03%
    • Bayer
      0.02%
      0.02%
    • Basf Se
      0.01%
      0.01%
    • Danone
      0.01%
      0.01%
    • 0.01%
    • Nutrien Ltd.
      0.01%
      0.01%

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 $161M NZD
Period of data report 31st March 2025
Members 3,020
Fund started 1st Sept. 2016
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

Sam Stubbs

Currently: Managing Director, Simplicity (9 years, 0 months)
Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

Joy Marslin

Currently: Director, Simplicity (8 years, 4 months)
Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)

Reuben Halper

Currently: Director, Simplicity (7 years, 10 months)
Previously: Agency Lead, Google NZ (current position) (9 years, 6 months)

Andrew Lance

Currently: Chief Investment Officer, Simplicity (1 years, 1 months)
Previously: Chief Operating Officer, Simplicity (7 years, 8 months)

Matthew Houtman

Currently: Head of Private Capital, Simplicity (4 years, 4 months)
Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

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
2025 3.91% 4.06%
2024 6.48% 6.0%
2023 -1.85% -2.98%
2022 -0.74% -1.78%
2021 8.94% 7.18%
2020 0.61% 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 31st March 2025.

Top 10 Investments

  • Cash At Bank

    New Zealand Cash and Equivalents AA-

    5.6%
  • Nzlgfa Bond 2.75% 15 April 2025

    New Zealand NZ Fixed Interest AA+

    2.93%
  • Simplicity Living Ltd Ordinary Shares

    New Zealand Unlisted Property

    1.81%
  • New Zealand Govt Bond 1.5% 15 May 2031

    New Zealand NZ Fixed Interest AA+

    1.52%
  • Westpac NZ Floating Rate Note 6 July 2026

    New Zealand Cash and Equivalents AA-

    1.46%
  • Ibrd Bond 1.25% 10 December 2030

    New Zealand NZ Fixed Interest AAA

    1.27%
  • New Zealand Govt Bond 3% 20 April 2029

    New Zealand NZ Fixed Interest AA+

    1.24%
  • New Zealand Govt Bond 5% 15 May 2054

    New Zealand NZ Fixed Interest AA+

    1.1%
  • New Zealand Govt Bond 2% 15 May 2032

    New Zealand NZ Fixed Interest AA+

    1.03%
  • New Zealand Govt Bond 2.75% 15 April 2037

    New Zealand NZ Fixed Interest AA+

    0.97%
Type Target Actual
Cash and Cash Equivalents 25.0% 16.45%
New Zealand Fixed Interest 20.0% 27.81%
International Fixed Interest 35.0% 36.08%
Australasian Equities 3.75% 4.22%
International Equities 13.75% 13.63%
Listed Properties 0.0% 0.0%
Unlisted Properties 2.5% 1.81%
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 March 2025.