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Simplicity Balanced Fund

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Mindful Fund
Type: Balanced fund
Past Returns: 4.04%

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

Annual Fees: 0.29%

Annual fees, including any membership and % management 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

Lyondellbasell Industries Nv Class A 0.01%
Cms Energy Corp. 0.01%
BHP Group Ltd. 0.37%
Woodside Petroleum Ltd. 0.08%
Apa Group 0.05%
Agl Energy Ltd. 0.04%
Origin Energy Ltd. 0.04%
South32 Ltd. 0.04%
Santos Ltd. 0.03%
Oil Search Ltd. 0.02%

Weapons

Tobacco

Gambling

Aristocrat Leisure Ltd. 0.06%
Tabcorp Holdings Ltd. 0.02%
Crown Resorts Ltd. 0.01%

Alcohol

Delegat Group Ltd 0.03%
Treasury Wine Estates Ltd. 0.03%
Metcash Ltd. 0.01%

Palm Oil

GMOs

Novartis Ag 0.07%
Bayer Ag 0.02%
Dupont De Nemours Inc. 0.01%
Nutrien Ltd. 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.15%
Nestle Sa 0.11%
Barrick Gold Corp. 0.01%
Sempra Energy 0.01%
Nutrien Ltd. 0.01%
BHP Group Ltd. 0.37%
Rio Tinto Ltd. 0.13%

Animal Testing

Argentum Netherlands Bv For Swiss 15/8/2050 0.010%
Reckitt Benckiser Treasury Service 26/6/2027 0.010%
Johnson & Johnson 0.150%
Nestle Sa 0.110%
Procter & Gamble Co. 0.100%
Pepsico Inc. 0.070%
Coca-Cola Co. 0.070%
Glaxosmithkline Plc 0.040%
Unilever Nv 0.030%
L'Oreal Sa 0.030%
Bayer Ag 0.020%
Colgate-Palmolive Co. 0.020%
Unilever Plc 0.020%
Reckitt Benckiser Group Plc 0.020%
Air Products and Chemicals Inc. 0.020%
Kimberly-Clark Corp. 0.020%
Estee Lauder Cos. Inc. Class A 0.010%
Danone Sa 0.010%
General Mills Inc. 0.010%
Givaudan Sa 0.010%
Walgreens Boots Alliance Inc. 0.010%
Tesco Plc 0.020%
Clorox Co. 0.020%
Koninklijke Dsm Nv 0.020%
Shiseido Co. Ltd. 0.020%
Kraft Heinz Co. 0.010%
Church & Dwight Co. Inc. 0.010%
Akzo Nobel Nv 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 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 and research organisations.

A summary of this fund and its details.

Number FND696
Name Simplicity Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund provides investors with an exposure to a mix of growth and income assets.
Value $210M NZD
Members 6,199
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.
Period of data report Tue June 30th 2020
Fund started Thu Sept. 1st 2016
Three-year average return 4.04%
Market index past year return 7.34%
Past year return net of charges and tax 5.82%
Past year return net of charges gross of tax 7.2%
Market index return since fund started 8.30%
Return since fund started net 6.47%
Total annual fund fees 0.29%
Total performance based fees 0.0%
Manager's basic fee 0.28%
Administration charges 0.01%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

  • Anna Tierney

    Currently: Director, Simplicity (1 years, 4 months)
    Previously: Forensic accountant & risk consultant (current position) (15 years, 0 months)

  • Anna Tierney

    Currently: Director, Simplicity (1 years, 4 months)
    Previously: Forensic accountant & risk consultant (current position) (15 years, 0 months)

  • Anna Tierney

    Currently: Director, Simplicity (1 years, 4 months)
    Previously: Forensic accountant & risk consultant (current position) (15 years, 0 months)

  • Anna Tierney

    Currently: Director, Simplicity (1 years, 4 months)
    Previously: Forensic accountant & risk consultant (current position) (15 years, 0 months)

  • Joy Marslin

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

  • Joy Marslin

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

  • Joy Marslin

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

  • Joy Marslin

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

  • Mel Hewitson

    Currently: Director, Simplicity (1 years, 4 months)
    Previously: Independent Director, Heritage Trustee Company Ltd (current position) (2 years, 3 months)

  • Mel Hewitson

    Currently: Director, Simplicity (1 years, 4 months)
    Previously: Independent Director, Heritage Trustee Company Ltd (current position) (2 years, 3 months)

  • Mel Hewitson

    Currently: Director, Simplicity (1 years, 4 months)
    Previously: Independent Director, Heritage Trustee Company Ltd (current position) (2 years, 3 months)

  • Mel Hewitson

    Currently: Director, Simplicity (1 years, 4 months)
    Previously: Independent Director, Heritage Trustee Company Ltd (current position) (2 years, 3 months)

  • Reuben Halper

    Currently: Director, Simplicity (3 years, 3 months)
    Previously: Agency Lead, Google NZ (current position) (4 years, 9 months)

  • Reuben Halper

    Currently: Director, Simplicity (3 years, 3 months)
    Previously: Agency Lead, Google NZ (current position) (4 years, 9 months)

  • Reuben Halper

    Currently: Director, Simplicity (3 years, 3 months)
    Previously: Agency Lead, Google NZ (current position) (4 years, 9 months)

  • Reuben Halper

    Currently: Director, Simplicity (3 years, 3 months)
    Previously: Agency Lead, Google NZ (current position) (4 years, 9 months)

  • Sam Stubbs

    Currently: Managing Director, Simplicity (4 years, 3 months)
    Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

  • Sam Stubbs

    Currently: Managing Director, Simplicity (4 years, 3 months)
    Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

  • Sam Stubbs

    Currently: Managing Director, Simplicity (4 years, 3 months)
    Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

  • Sam Stubbs

    Currently: Managing Director, Simplicity (4 years, 3 months)
    Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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
2020 -1.89% -0.48%
2019 5.68% 6.71%
2018 5.63% 5.89%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Vanguard Ethically Conscious Global Index Bond Fund
    Australia Int Fixed Interest
    25.31%
  • Vanguard Ethically Conscious Int Shares Index Fund NZD Hedged
    Australia Int Fixed Interest
    22.5%
  • Vanguard Ethically Conscious Int Shares Index Fund AUD
    Australia Australasian Equities
    11.91%
  • Vanguard Australian Share Index Fund
    Australia Australasian Equities
    5.96%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.75%
  • Cash At Bank
    New Zealand Cash and Equivalents AA+
    2.66%
  • NZGB 3% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    2.27%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    2.0%
  • NZGB 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    1.94%
  • Nzlgfa 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AA+
    1.78%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 2.0% 2.88%
New Zealand Fixed Interest 16.5% 16.18%
International Fixed Interest 25.5% 25.31%
Australasian Equities 21.0% 21.22%
International Equities 35.0% 34.41%
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 30 June 2020 .

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.09%
  • Animal Testing:
    2.90%
  • Fossil Fuels:
    0.97%
  • Gambling:
    0.11%
  • GMOs:
    0.38%
  • Human Rights & Environmental Violations:
    1.42%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.01%
  • Weapons:
    0.05%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 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 and research organisations.

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.

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.

In their own words: "The Balanced Fund provides investors with an exposure to a mix of growth and income assets."

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.