Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Johnson & Johnson 0.39%
    • Nestle SA-Reg 0.30%
    • Thermo Fisher Scientific Inc 0.20%
    • Uber Technologies Inc 0.09%
    • Motorola Solutions Inc 0.05%
    • Wells Fargo & Company 0.02%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel 0.01%
    • Credit Suisse New York 0.01%
    • Nestle SA 0.01%
    • BHP Group Ltd 0.15% !!
      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
    • Bayer AG-Reg 0.05%
    • Basf Se 0.04%
    • Nutrien Ltd 0.03%
    • Newcrest Mining Ltd 0.01%
    • Procter & Gamble Co/The 0.35%
    • Unilever PLC 0.13%
    • L'Oreal 0.10%
    • Colgate-Palmolive Co 0.06%
    • Hermes International 0.06%
    • Sherwin-Williams Co/The 0.06%
    • Bayer AG-Reg 0.05%
    • Basf Se 0.04%
    • Dow Inc 0.04%
    • Ecolab Inc 0.04%
    • Kimberly-Clark Corp 0.04%
    • Dupont De Nemours Inc 0.03%
    • Estee Lauder Companies-Cl A 0.03%
    • Givaudan-Reg 0.03%
    • Kering 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • Nutrien Ltd 0.03%
    • PPG Industries Inc 0.03%
    • Church & Dwight Co Inc 0.02%
    • Clorox Company 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Kao Corp 0.02%
    • Rentokil Initial PLC 0.02%
    • Akzo Nobel N.V. 0.01%
    • Beiersdorf AG 0.01%
    • Covestro AG 0.01%
    • Entegris Inc 0.01%
    • Henkel AG & Co Kgaa Vor-Pref 0.01%
    • Hormel Foods Corp 0.01%
    • Moncler Spa 0.01%
    • Otsuka Holdings Co Ltd 0.01%
    • Shiseido Co Ltd 0.01%
    • Symrise AG 0.01%
    • Unicharm Corp 0.01%
    • Amphenol Corp-Cl A 0.05%
    • Daikin Industries Ltd 0.04%
    • Howmet Aerospace Inc 0.02%
    • Booz Allen Hamilton Holdings 0.01%
    • Contact Energy Ltd 0.83% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.15% !!
      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
    • Compagnie De Saint Gobain 0.03%
    • Marubeni Corp 0.03% !!
      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
    • Fairfax Financial Hldgs Ltd 0.02%
    • Sumitomo Corp 0.02% !!
      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

Fund Provider Response

After an internal review, and in accordance with our Responsible Investment Policy, as of 13 November 2023 Simplicity funds no longer hold Bank Hapoalim BM and Bank Leumi Le Israel BM.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2023 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.

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 $521M NZD
Period of data report 30th Sept. 2023
Members 13,276
Fund started 1st Sept. 2016
Total annual fund fees 0.31%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Other management and administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Sam Stubbs

Currently: Managing Director, Simplicity (7 years, 6 months)
Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

Joy Marslin

Currently: Director, Simplicity (6 years, 10 months)
Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)

Andrew Lance

Currently: Chief Operating Officer, Simplicity (7 years, 3 months)
Previously: Consultant, AMP Financial Services (1 years, 0 months)

Matthew Houtman

Currently: Head of Private Capital, Simplicity (2 years, 10 months)
Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

Reuben Halper

Currently: Director, Simplicity (6 years, 4 months)
Previously: Agency Lead, Google NZ (current position) (8 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

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
2023 -2.79% -3.66%
2022 0.71% 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 30th Sept. 2023.

Top 10 Investments

  • Cash At Bank
    New Zealand Cash and Equivalents
    3.22%
  • Apple Inc
    United States International Equities
    2.61%
  • Microsoft Corporation
    United States International Equities
    2.42%
  • Simplicity Living Ltd Ordinary Shares
    New Zealand Unlisted Property
    1.95%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.59%
  • NZGB 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    1.32%
  • Auckland International Airport Ltd
    New Zealand Listed Property
    1.29%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.15%
  • Nvidia Corp
    United States International Equities
    1.06%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.05%
Type Target Actual
Cash and Cash Equivalents 2.0% 3.17%
New Zealand Fixed Interest 16.5% 16.4%
International Fixed Interest 22.5% 21.98%
Australasian Equities 12.9% 14.26%
International Equities 42.6% 41.94%
Listed Properties 0.0% 0.0%
Unlisted Properties 3.5% 2.25%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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 30th Sept. 2023.