Simplicity Balanced Fund

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

Canadian National Railway Co. 0.07%
Canadian Pacific Railway Ltd. 0.04%
Cms Energy Corp. 0.01%
Coca-Cola Co. 0.18%
Fortis Inc./Canada 0.01%
Franco-Nevada Corp. 0.02%
Kansas City Southern 0.01%
Lyondellbasell Industries Nv Class A 0.01%
Ppl Corp. 0.01%
Sse PLC 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

Corteva Inc. 0.02%

Human Rights & Environmental Violations

Nestle SA 0.31%
Nutrien Ltd. 0.01%
Sempra Energy 0.03%

Animal Testing

Air Products & Chemicals Inc. 0.060%
Akzo Nobel Nv 0.010%
Bayer AG 0.050%
Church & Dwight Co. Inc. 0.010%
Clorox Co. 0.030%
Coca-Cola Co. 0.180%
Colgate-Palmolive Co. 0.060%
Corteva Inc. 0.020%
Danone SA 0.030%
Dow Inc. 0.030%
Dupont De Nemours Inc. 0.030%
Estee Lauder Cos. Inc. Class A 0.050%
Fujifilm Holdings Corp. 0.010%
General Mills Inc. 0.030%
Givaudan SA 0.030%
Glaxosmithkline PLC 0.080%
Hermes International 0.030%
Hp Inc. 0.020%
Kao Corp. 0.030%
Kerry Group PLC Class A 0.010%
Kimberly-Clark Corp. 0.040%
Koninklijke Dsm Nv 0.020%
Kraft Heinz Co. 0.010%
L'Oreal SA 0.080%
Linde PLC 0.110%
Lyondellbasell Industries Nv Class A 0.010%
Mondelez International Inc. Class A 0.080%
Nestle SA 0.310%
Nutrien Ltd. 0.010%
Pepsico Inc. 0.180%
Procter & Gamble Co. 0.320%
Reckitt Benckiser Group PLC 0.050%
Seven & I Holdings Co. Ltd. 0.010%
Sherwin-Williams Co. 0.050%
Shin-Etsu Chemical Co. Ltd. 0.050%
Shiseido Co. Ltd. 0.010%
Tesco PLC 0.020%
Unicharm Corp. 0.010%
Unilever Nv 0.080%
Unilever PLC 0.060%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 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, Sustainalytics and research organisations.

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
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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

Vanguard Ethically Conscious Global Index Bond Fund
Australia Int Fixed Interest

24.93%
Vanguard Ethically Conscious Int Shares Index Fund NZD
Australia International Equities

22.71%
Vanguard Ethically Conscious Int Shares Index Fund AUD
Australia International Equities

12.23%
Vanguard Ethically Conscious Australian Share Fund
Australia Australasian Equities

5.96%
Cash At Bank
New Zealand Cash and Equivalents AA+

3.4%
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities

2.37%
NZGB 3% 20/04/2029
New Zealand NZ Fixed Interest AA+

1.91%
Nzlgfa 5.50% 15/04/2023
New Zealand NZ Fixed Interest AA+

1.88%
NZGB 2.75% 15/04/2037
New Zealand NZ Fixed Interest AA+

1.65%
Nzlgfa 2.75% 15/04/2025
New Zealand NZ Fixed Interest AA+

1.47%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed Sept. 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%	4.05%
New Zealand Fixed Interest	16.5%	15.98%
International Fixed Interest	25.5%	24.93%
Australasian Equities	21.0%	20.11%
International Equities	35.0%	34.93%
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 Wed Sept. 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:

0.02%
Animal Testing:

3.07%
Fossil Fuels:

0.59%
Gambling:

0.00%
GMOs:

0.02%
Human Rights & Environmental Violations:

0.40%
Palm Oil:

0.02%
Tobacco:

0.05%
Weapons:

0.01%

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	$250M NZD
Period of data report	Wed Sept. 30th 2020
Members	6,841
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, 6 months) Previously: Chief Executive Officer TOWER Investments (5 years, 1 months)
Joy Marslin	Currently: Director Simplicity (3 years, 10 months) Previously: Head of Private Wealth Management Westpac NZ (3 years, 7 months)
Reuben Halper	Currently: Director Simplicity (3 years, 6 months) Previously: Agency Lead Google NZ (current position) (5 years, 0 months)
Mel Hewitson	Currently: Director Simplicity (1 years, 7 months) Previously: Independent Director Heritage Trustee Company Ltd (current position) (2 years, 6 months)
Anna Tierney	Currently: Director Simplicity (1 years, 7 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 Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.