Simplicity Balanced Fund

Mindful Fund

Fund type: Balanced fund

Past Returns: 8.54%

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 management and administration fees, but not membership 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

Coca-Cola Co. 0.14%
Franco-Nevada Corp. 0.01%
Lyondellbasell Industries Nv Class A 0.01%

Weapons

Tobacco

Alimentation Couche-Tard Inc. Class B 0.01%
Seven & I Holdings Co. Ltd. 0.01%

Alcohol

Metcash Ltd. 0.02%

Palm Oil

GMOs

Human Rights & Environmental Violations

Bayer AG 0.03%
Motorola Solutions Inc. 0.02%
Nestle SA 0.23%

Animal Testing

Albemarle Corp. 0.01%
Avantor Inc. 0.01%
Bayer AG 0.03%
Coca-Cola Co. 0.14%
Corteva Inc. 0.01%
Danone SA 0.03%
Dow Inc. 0.03%
Dupont De Nemours Inc. 0.02%
Estee Lauder Cos. Inc. Class A 0.05%
Fujifilm Holdings Corp. 0.01%
General Mills Inc. 0.02%
Givaudan SA 0.03%
Glaxosmithkline PLC 0.06%
Hermes International 0.03%
Hp Inc. 0.02%
Ingersoll Rand Inc. 0.01%
International Flavors & Fragrances Inc. 0.02%
Kao Corp. 0.01%
Keurig Dr Pepper Inc. 0.01%
Kimberly-Clark Corp. 0.03%
Koninklijke Dsm Nv 0.02%
Kraft Heinz Co. 0.01%
L'Oreal SA 0.08%
Linde PLC 0.10%
Lyondellbasell Industries Nv Class A 0.01%
Mondelez International Inc. Class A 0.06%
Nestle SA 0.25%
Nutrien Ltd. 0.02%
Pepsico Inc. 0.14%
Procter & Gamble Co. 0.23%
Reckitt Benckiser Group PLC 0.03%
Seven & I Holdings Co. Ltd. 0.02%
Sherwin-Williams Co. 0.05%
Shin-Etsu Chemical Co. Ltd. 0.05%
Shiseido Co. Ltd. 0.01%
Tesco PLC 0.01%
Unilever PLC 0.09%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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.

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.

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
2021	16.64%	19.4%
2020	-1.20%	-0.48%
2019	5.69%	6.71%
2018	5.19%	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 Thu Sept. 30th 2021.

Showing the top 10 investments for this fund:

Vanguard Eth'Y Conscious Global Index Bond Fund
Australia Int Fixed Interest

25.5%
Vanguard Eth'Y Conscious Int Shares Index Fund NZD
Australia International Equities

22.11%
Vanguard Eth'Y Conscious Int Shares Index Fund AUD
Australia International Equities

12.07%
Vanguard Ethically Conscious Australian Share Fund
Australia Australasian Equities

5.97%
Cash At Bank
Australia Cash and Equivalents

4.02%
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities

2.11%
NZGB 3% 20/04/2029
New Zealand NZ Fixed Interest AAA

1.78%
NZGB 1.75% 15/05/2041
New Zealand NZ Fixed Interest AAA

1.3%
Nzlgfa 5.50% 15/04/2023
New Zealand NZ Fixed Interest AA+

1.28%
NZGB 1.5% 15/05/2031
New Zealand NZ Fixed Interest AAA

1.24%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Sept. 30th 2021.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	2.0%	3.81%
New Zealand Fixed Interest	16.5%	15.56%
International Fixed Interest	25.5%	25.5%
Australasian Equities	21.0%	20.95%
International Equities	35.0%	34.18%
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 Thu Sept. 30th 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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:

0.02%
Animal Testing:

2.39%
Fossil Fuels:

0.24%
Gambling:

0.00%
GMOs:

0.02%
Human Rights & Environmental Violations:

0.36%
Palm Oil:

0.01%
Tobacco:

0.05%
Weapons:

0.01%

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"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 Charitable Trust. 15% of our fee goes to the Simplicity Charitable Trust. We invest with a conscience. We don't make money from companies that cause harm. As a not-for-profit, we only charge what it costs, nothing more. And 100% online means no costly branches or commissions."

Value	$410M NZD
Period of data report	Thu Sept. 30th 2021
Members	9,442
Fund started	Thu Sept. 1st 2016
Total annual fund fees	0.29%
Total performance based fees	0.0%
Manager's basic fee	0.28%
Other management and administration charges	0.01%
Total other charges	20.0
Total other charges currency	NZD

Key Personnel

Sam Stubbs	Currently: Managing Director Simplicity (5 years, 6 months) Previously: Chief Executive Officer TOWER Investments (5 years, 1 months)
Joy Marslin	Currently: Director Simplicity (4 years, 10 months) Previously: Head of Private Wealth Management Westpac NZ (3 years, 7 months)
Mel Hewitson	Currently: Director Simplicity (2 years, 7 months) Previously: Independent Director Trust Investments Management Limited (current position) (2 years, 0 months)
Andrew Lance	Currently: Chief Operating Officer Simplicity (5 years, 3 months) Previously: Consultant AMP Financial Services (1 years, 0 months)
Matthew Houtman	Currently: Head of Private Capital Simplicity (0 years, 10 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 Thu Sept. 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.