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

    • Meta Platforms Inc-Class A 0.45%
    • Thermo Fisher Scientific 0.21%
    • Caterpillar Finl Service 0.11%
    • Activision Blizzard 0.06%
    • Uber Technologies Inc 0.06%
    • Motorola Solutions Inc 0.04%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel 0.01%
    • Bayer AG-Reg 0.06%
    • Archer-Daniels-Midland Co 0.04%
    • Corteva Inc 0.04%
    • Nutrien Ltd 0.04%
    • Fmc Corp 0.01%
    • Procter & Gamble Co/The 0.33%
    • Unilever PLC 0.12%
    • L'Oreal 0.10%
    • Bayer AG-Reg 0.06%
    • Colgate-Palmolive Co 0.06%
    • Hermes International 0.06%
    • Shin-Etsu Chemical Co Ltd 0.06%
    • Kering 0.05%
    • Sherwin-Williams Co 0.05%
    • Corteva Inc 0.04%
    • Kimberly-Clark Corp 0.04%
    • Nutrien Ltd 0.04%
    • Dupont De Nemours Inc 0.03%
    • Fancl Corp 0.03%
    • Givaudan-Reg 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • Albemarle Corp 0.02%
    • Church & Dwight Co Inc 0.02%
    • Essity Ab 0.02%
    • Henkel AG & Co Kgaa 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Kao Corp 0.02%
    • Koninklijke Dsm Nv 0.02%
    • Mosaic Co 0.02%
    • Rentokil Initial PLC 0.02%
    • Shiseido Co Ltd 0.02%
    • The Clorox Co. 0.02%
    • Tyson Foods Inc-Cl A 0.02%
    • Akzo Nobel Nv 0.01%
    • Beiersdorf AG 0.01%
    • Burberry Group PLC 0.01%
    • Croda International PLC 0.01%
    • Fmc Corp 0.01%
    • Hormel Foods Corp 0.01%
    • Moncler Spa 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • Swatch Group AG/The-Reg 0.01%
    • Symrise AG 0.01%
    • Unicharm Corp 0.01%
    • Contact Energy Ltd 0.84% 1.5°C
      This company is on a 1.5°C pathway
    • Franco-Nevada Corp 0.03%
    • Westinghouse Air Brake 0.02%
    • Atmos Energy Corp 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Nippon Yusen Kk 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 31st March 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 Balanced Fund provides investors with an exposure to a mix of growth and income assets.

Value $530M NZD
Period of data report 30th June 2023
Members 13,052
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, 3 months)
Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

Joy Marslin

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

Andrew Lance

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

Matthew Houtman

Currently: Head of Private Capital, Simplicity (2 years, 7 months)
Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

Reuben Halper

Currently: Director, Simplicity (6 years, 1 months)
Previously: Agency Lead, Google NZ (current position) (7 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 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 -2.79% -3.66%
2022 0.71% 1.24%
2021 17.98% 19.4%
2020 -1.40% -0.48%
2019 5.81% 6.71%
2018 5.28% 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 30th June 2023.

Top 10 Investments

  • Cash At Bank
    New Zealand Cash and Equivalents
    3.43%
  • Apple Inc
    United States International Equities
    2.87%
  • Microsoft Corporation
    United States International Equities
    2.51%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.81%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.32%
  • NZGB 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    1.25%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.21%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.01%
  • Nvidia Corp
    United States International Equities
    1.0%
  • Nzlgfa 2.25% 15/05/2031
    New Zealand NZ Fixed Interest AA+
    0.92%
Type Target Actual
Cash and Cash Equivalents 2.0% 3.7%
New Zealand Fixed Interest 16.5% 15.74%
International Fixed Interest 22.5% 21.81%
Australasian Equities 12.9% 15.13%
International Equities 42.6% 42.53%
Listed Properties 0.0% 0.0%
Unlisted Properties 3.5% 1.09%
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 June 2023.