Funds

This is a Mindful fund Simplicity KiwiSaver Balanced Fund

Total Ethical Concerns: 4.39%

The average total concerns of all KiwiSaver balanced funds is 5.99%.

Companies of Concern

  • Animal Cruelty 1.33%

    • 0.32%
    • Unilever PLC
      0.12%
      0.12%
    • Hermès International Sca
      0.07%
      0.07%
    • L'Oréal SA
      0.07%
      0.07%
    • The Sherwin-Williams Co.
      0.07%
      0.07%
    • Colgate-Palmolive Co.
      0.06%
      0.06%
    • Ecolab, Inc.
      0.05%
      0.05%
    • Kimberly-Clark Corp.
      0.04%
      0.04%
    • Shin-Etsu Chemical Co., Ltd.
      0.04%
      0.04%
    • Basf Se
      0.03%
      0.03%
    • Bayer
      0.03%
      0.03%
    • Dupont De Nemours
      0.03%
      0.03%
    • Givaudan SA
      0.03%
      0.03%
    • Koninklijke Ahold Delhaize Nv
      0.03%
      0.03%
    • Church & Dwight Co., Inc.
      0.02%
      0.02%
    • Dow, Inc.
      0.02%
      0.02%
    • Henkel AG & Co. Kgaa
      0.02%
      0.02%
    • International Flavors & Fragrances, Inc.
      0.02%
      0.02%
    • Kao Corp.
      0.02%
      0.02%
    • Kering SA
      0.02%
      0.02%
    • Novozymes A/S
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • Otsuka Holdings Co., Ltd.
      0.02%
      0.02%
    • PPG Industries, Inc.
      0.02%
      0.02%
    • Entegris, Inc.
      0.01%
      0.01%
    • Symrise AG
      0.01%
      0.01%
    • Tapestry, Inc.
      0.01%
      0.01%
    • The Clorox Co.
      0.01%
      0.01%
  • Human Rights Violations 1.35%

    • 0.33%
    • Nestlé
      0.23%
      0.23%
    • 0.14%
    • Ubs
      0.13%
      0.13%
    • General Motors
      0.06%
      0.06%
    • Wells Fargo
      0.06%
      0.06%
    • Holcim
      0.05%
      0.05%
    • 0.02%
    • Teva Pharmaceuticals
      0.01%
      0.01%
  • Fossil Fuels 1.01%

    • Contact Energy Ltd.
      0.84%
      1.5°C
      This company is on a 1.5°C pathway
      0.84%
    • BHP
      0.09%
      !!
      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
      0.09%
    • Fairfax Financial Holdings Ltd.
      0.03%
      0.03%
    • Dassault Systèmes Se
      0.02%
      0.02%
    • Teck Resources Limited
      0.01%
      0.01%
  • Weapons 0.12%

    • Amphenol Corp.
      0.06%
      0.06%
    • Howmet Aerospace, Inc.
      0.04%
      0.04%
    • Booz Allen Hamilton Holding Corp.
      0.01%
      0.01%
  • Environmental Harm 0.89%

    • Coca-Cola
      0.21%
      0.21%
    • Pepsico
      0.17%
      0.17%
    • Unilever PLC
      0.12%
      0.12%
    • BHP
      0.09%
      !!
      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
      0.09%
    • Mondelez
      0.07%
      0.07%
    • Danone
      0.04%
      0.04%
    • 0.04%
    • Basf Se
      0.03%
      0.03%
    • Bayer
      0.03%
      0.03%
    • 0.03%
    • Nutrien Ltd.
      0.02%
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    The Balanced Fund provides investors with an exposure to a mix of growth and 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 $690M NZD
    Period of data report 31st March 2025
    Members 13,978
    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 4.34% 4.88%
    2024 10.86% 12.2%
    2023 -2.79% -3.66%
    2022 1.34% 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 31st March 2025.

  • Investments

    Top 10 Investments

    • Simplicity Living Ltd Ordinary Shares

      New Zealand Unlisted Property

      2.87%
    • Apple Inc

      United States International Equities

      2.57%
    • Microsoft Corporation

      United States International Equities

      2.2%
    • Fisher & Paykel Healthcare Ltd

      New Zealand Australasian Equities

      2.08%
    • Nvidia Corp

      United States International Equities

      2.01%
    • Auckland International Airport Ltd

      New Zealand Australasian Equities

      1.42%
    • Amazon.Com Inc

      United States International Equities

      1.42%
    • Cash At Bank

      New Zealand Cash and Equivalents AA-

      1.29%
    • Nzlgfa Bond 2.75% 15/04/2025

      New Zealand NZ Fixed Interest AA+

      1.23%
    • Infratil Ltd

      New Zealand Australasian Equities

      1.15%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 3.05%
    New Zealand Fixed Interest 14.0% 16.31%
    International Fixed Interest 22.0% 23.15%
    Australasian Equities 10.0% 13.29%
    International Equities 42.75% 41.33%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 6.25% 2.87%
    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

  • 1.33% Animal Cruelty
  • 1.35% Human Rights Violations
  • 0.0% Social Harm
  • 1.01% Fossil Fuels
  • 0.12% Weapons
  • 0.89% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • 0.32%
    • Unilever PLC
      0.12%
      0.12%
    • Hermès International Sca
      0.07%
      0.07%
    • L'Oréal SA
      0.07%
      0.07%
    • The Sherwin-Williams Co.
      0.07%
      0.07%
    • Colgate-Palmolive Co.
      0.06%
      0.06%
    • Ecolab, Inc.
      0.05%
      0.05%
    • Kimberly-Clark Corp.
      0.04%
      0.04%
    • Shin-Etsu Chemical Co., Ltd.
      0.04%
      0.04%
    • Basf Se
      0.03%
      0.03%
    • Bayer
      0.03%
      0.03%
    • Dupont De Nemours
      0.03%
      0.03%
    • Givaudan SA
      0.03%
      0.03%
    • Koninklijke Ahold Delhaize Nv
      0.03%
      0.03%
    • Church & Dwight Co., Inc.
      0.02%
      0.02%
    • Dow, Inc.
      0.02%
      0.02%
    • Henkel AG & Co. Kgaa
      0.02%
      0.02%
    • International Flavors & Fragrances, Inc.
      0.02%
      0.02%
    • Kao Corp.
      0.02%
      0.02%
    • Kering SA
      0.02%
      0.02%
    • Novozymes A/S
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • Otsuka Holdings Co., Ltd.
      0.02%
      0.02%
    • PPG Industries, Inc.
      0.02%
      0.02%
    • Entegris, Inc.
      0.01%
      0.01%
    • Symrise AG
      0.01%
      0.01%
    • Tapestry, Inc.
      0.01%
      0.01%
    • The Clorox Co.
      0.01%
      0.01%
  • Human Rights Violations

    • 0.33%
    • Nestlé
      0.23%
      0.23%
    • 0.14%
    • Ubs
      0.13%
      0.13%
    • General Motors
      0.06%
      0.06%
    • Wells Fargo
      0.06%
      0.06%
    • Holcim
      0.05%
      0.05%
    • 0.02%
    • Teva Pharmaceuticals
      0.01%
      0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.84%
      1.5°C
      This company is on a 1.5°C pathway
      0.84%
    • BHP
      0.09%
      !!
      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
      0.09%
    • Fairfax Financial Holdings Ltd.
      0.03%
      0.03%
    • Dassault Systèmes Se
      0.02%
      0.02%
    • Teck Resources Limited
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.06%
      0.06%
    • Howmet Aerospace, Inc.
      0.04%
      0.04%
    • Booz Allen Hamilton Holding Corp.
      0.01%
      0.01%
  • Environmental Harm

    • Coca-Cola
      0.21%
      0.21%
    • Pepsico
      0.17%
      0.17%
    • Unilever PLC
      0.12%
      0.12%
    • BHP
      0.09%
      !!
      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
      0.09%
    • Mondelez
      0.07%
      0.07%
    • Danone
      0.04%
      0.04%
    • 0.04%
    • Basf Se
      0.03%
      0.03%
    • Bayer
      0.03%
      0.03%
    • 0.03%
    • Nutrien Ltd.
      0.02%
      0.02%

About this Fund

The Balanced Fund provides investors with an exposure to a mix of growth and 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 $690M NZD
Period of data report 31st March 2025
Members 13,978
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 4.34% 4.88%
2024 10.86% 12.2%
2023 -2.79% -3.66%
2022 1.34% 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 31st March 2025.

Top 10 Investments

  • Simplicity Living Ltd Ordinary Shares

    New Zealand Unlisted Property

    2.87%
  • Apple Inc

    United States International Equities

    2.57%
  • Microsoft Corporation

    United States International Equities

    2.2%
  • Fisher & Paykel Healthcare Ltd

    New Zealand Australasian Equities

    2.08%
  • Nvidia Corp

    United States International Equities

    2.01%
  • Auckland International Airport Ltd

    New Zealand Australasian Equities

    1.42%
  • Amazon.Com Inc

    United States International Equities

    1.42%
  • Cash At Bank

    New Zealand Cash and Equivalents AA-

    1.29%
  • Nzlgfa Bond 2.75% 15/04/2025

    New Zealand NZ Fixed Interest AA+

    1.23%
  • Infratil Ltd

    New Zealand Australasian Equities

    1.15%
Type Target Actual
Cash and Cash Equivalents 5.0% 3.05%
New Zealand Fixed Interest 14.0% 16.31%
International Fixed Interest 22.0% 23.15%
Australasian Equities 10.0% 13.29%
International Equities 42.75% 41.33%
Listed Properties 0.0% 0.0%
Unlisted Properties 6.25% 2.87%
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.