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%

Weapons

Tobacco

Alcohol

Metcash Ltd 0.03%

Palm Oil

GMOs

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

Human Rights & Environmental Violations

Johnson & Johnson 0.14%
Nestle Sa 0.11%
Barrick Gold Corp. 0.01%
Sempra Energy 0.01%
Nutrien Ltd. 0.01%

Animal Testing

Argentum Netherlands Bv For Swiss 15/8/2050 0.010%
Reckitt Benckiser Treasury Service 26/6/2027 0.010%
Johnson & Johnson 0.140%
Nestle Sa 0.110%
Procter & Gamble Co. 0.100%
Pepsico Inc. 0.070%
Coca-Cola Co. 0.060%
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 March 31st 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.

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 Tue June 30th 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 Tue June 30th 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:
    0.05%
  • Animal Testing:
    2.82%
  • Fossil Fuels:
    0.26%
  • Gambling:
    0.00%
  • GMOs:
    0.17%
  • Human Rights & Environmental Violations:
    0.90%
  • 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 March 31st 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. 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 $210M NZD
Period of data report Tue June 30th 2020
Members 6,199
Fund started Thu Sept. 1st 2016
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

Sam Stubbs

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

Joy Marslin

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

Reuben Halper

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

Mel Hewitson

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

Anna Tierney

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

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

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