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 0.46%
    • Nestle SA-Reg 0.33%
    • Thermo Fisher Scientific Inc 0.27%
    • Uber Technologies Inc 0.18%
    • Ubs Group AG-Reg 0.11%
    • Motorola Solutions Inc 0.07%
    • Palantir Technologies Inc-A 0.05%
    • Teva Pharmaceutical Ind Ltd 0.02%
    • BHP Group Ltd 0.18% !!
      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
    • Basf Se 0.06%
    • Bayer AG-Reg 0.04%
    • Nutrien Ltd 0.03%
    • Procter & Gamble Co/The 0.46%
    • Unilever PLC 0.15%
    • L'Oreal 0.14%
    • Hermes International 0.10%
    • Sherwin-Williams Co/The 0.10%
    • Shin-Etsu Chemical Co Ltd 0.10%
    • Colgate-Palmolive Co 0.09%
    • Ecolab Inc 0.07%
    • Basf Se 0.06%
    • Dow Inc 0.05%
    • Kimberly-Clark Corp 0.05%
    • Bayer AG-Reg 0.04%
    • Dupont De Nemours Inc 0.04%
    • Estee Lauder Companies-Cl A 0.04%
    • Givaudan-Reg 0.04%
    • PPG Industries Inc 0.04%
    • Church & Dwight Co Inc 0.03%
    • Entegris Inc 0.03%
    • Intl Flavors & Fragrances 0.03%
    • Kering 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • Novozymes A/S-B Shares 0.03%
    • Nutrien Ltd 0.03%
    • Akzo Nobel N.V. 0.02%
    • Beiersdorf AG 0.02%
    • Clorox Company 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Kao Corp 0.02%
    • Moncler Spa 0.02%
    • Otsuka Holdings Co Ltd 0.02%
    • Rentokil Initial PLC 0.02%
    • Symrise AG 0.02%
    • Unicharm Corp 0.02%
    • Covestro AG 0.01%
    • Croda International PLC 0.01%
    • Hormel Foods Corp 0.01%
    • Shiseido Co Ltd 0.01%
    • Tapestry Inc 0.01%
    • Amphenol Corp-Cl A 0.08%
    • Howmet Aerospace Inc 0.03%
    • Booz Allen Hamilton Holdings 0.02%
    • Contact Energy Ltd 1.05% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.18% !!
      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
    • Dassault Systemes Se 0.04%
    • Fairfax Financial Hldgs Ltd 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
    • Teck Resources Ltd-Cls B 0.03%
    • Hong Kong & China Gas 0.01% !!
      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
    • South32 Ltd 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 31st March 2024 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 Growth Fund provides investors with a limited exposure to income assets, but most of its investments are in growth 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 $2.3B NZD
Period of data report 30th June 2024
Members 46,728
Fund started 1st Sept. 2016
Total annual fund fees 0.29%
Total performance based fees 0.0%
Manager's basic fee 0.29%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Sam Stubbs

Currently: Managing Director, Simplicity (8 years, 3 months)
Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

Joy Marslin

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

Andrew Lance

Currently: Chief Investment Officer, Simplicity (0 years, 4 months)
Previously: Chief Operating Officer, Simplicity (7 years, 8 months)

Matthew Houtman

Currently: Head of Private Capital, Simplicity (3 years, 7 months)
Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

Reuben Halper

Currently: Director, Simplicity (7 years, 1 months)
Previously: Agency Lead, Google NZ (current position) (8 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.

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
2024 14.32% 16.04%
2023 -3.87% -4.05%
2022 1.40% 3.22%
2021 28.16% 27.41%
2020 -3.43% -2.59%
2019 6.75% 7.81%
2018 7.80% 8.19%

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 June 2024.

Top 10 Investments

  • Microsoft Corporation
    United States International Equities
    3.85%
  • Apple Inc
    United States International Equities
    3.56%
  • Nvidia Corp
    United States International Equities
    3.41%
  • Simplicity Living Ltd Ordinary Shares
    New Zealand Unlisted Property
    3.39%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.42%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.48%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.45%
  • Alphabet Inc Class A
    United States International Equities
    1.25%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.16%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.14%
Type Target Actual
Cash and Cash Equivalents 2.0% 3.15%
New Zealand Fixed Interest 7.5% 7.38%
International Fixed Interest 10.5% 9.96%
Australasian Equities 17.4% 18.13%
International Equities 58.1% 57.99%
Listed Properties 0.0% 0.0%
Unlisted Properties 4.5% 3.39%
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 June 2024.