Simplicity Balanced Fund

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.

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.

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

• Vanguard Eth'Y Conscious Global Index Bond Fund
  Australia Int Fixed Interest
  24.73%
• Vanguard Eth'Y Conscious Int Shares Index Fund NZD Hedged
  Australia International Equities
  22.78%
• Vanguard Eth'Y Conscious Int Shares Index Fund Unhedged
  Australia International Equities
  12.21%
• Vanguard Ethically Conscious Australian Share Fund
  Australia Australasian Equities
  5.89%
• Cash At Bank
  New Zealand Cash and Equivalents
  3.42%
• Fisher & Paykel Healthcare Ltd
  New Zealand Australasian Equities
  2.19%
• NZGB 3% 20/04/2029
  New Zealand NZ Fixed Interest AA+
  1.45%
• NZGB 0.5% 15/05/2024
  New Zealand NZ Fixed Interest AA+
  1.1%
• Auckland International Airport Ltd
  New Zealand Australasian Equities A-
  1.09%
• NZGB 1.75% 15/05/2041
  New Zealand NZ Fixed Interest AAA
  1.06%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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 Fri Dec. 31st 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%

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.

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."

Key Personnel

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

• Product Disclosure Statement (PDS) v
• Responsible Investment Policy v
• Portfolio holdings v
• Statement of Investment Policy and Objectives (SIPO) v