Funds

This is a Mindful fund Simplicity Growth Investment Fund

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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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Contact Energy Ltd 1.12%
    • Franco-Nevada Corp. 0.03%
    • Lyondellbasell Industries Nv 0.03%
    • Atmos Energy Corp. 0.01%

  • GMOs

    • Corteva Inc. 0.06%

  • Human Rights & Environmental Violations

    • Meta Platforms Inc. 0.45%
    • Nestle SA 0.42%
    • Thermo Fisher Scientific Inc. 0.28%
    • Caterpillar Inc. 0.12%
    • Activision Blizzard Inc. 0.08%
    • Uber Technologies Inc. 0.08%
    • Archer-Daniels-Midland Co. 0.06%
    • Bayer AG 0.06%
    • Corteva Inc. 0.06%
    • Nutrien Ltd. 0.06%
    • Motorola Solutions Inc. 0.05%
    • Bank Hapoalim Bm 0.01%
    • Bank Leumi Le-Israel Bm 0.01%
    • Credit Suisse Group AG 0.01%
    • Fmc Corp. 0.01%

  • Animal Cruelty

    • Procter & Gamble Co. 0.44%
    • Nestle SA 0.42%
    • Pepsico Inc. 0.33%
    • Coca-Cola Co. 0.31%
    • Unilever PLC 0.18%
    • Mondelez International Inc. 0.11%
    • L'Oreal SA 0.10%
    • Colgate-Palmolive Co. 0.08%
    • Estee Lauder Cos. Inc. 0.08%
    • Archer-Daniels-Midland Co. 0.06%
    • Bayer AG 0.06%
    • Corteva Inc. 0.06%
    • General Mills Inc. 0.06%
    • Kimberly-Clark Corp. 0.06%
    • Nutrien Ltd. 0.06%
    • Sherwin-Williams Co. 0.06%
    • Albemarle Corp. 0.05%
    • Givaudan SA 0.05%
    • Hermes International 0.05%
    • Kering SA 0.05%
    • Keurig Dr Pepper Inc. 0.05%
    • Orica Ltd. 0.04%
    • Canon Inc. 0.03%
    • Danone SA 0.03%
    • Denso Corp. 0.03%
    • Dupont De Nemours Inc. 0.03%
    • International Flavors & Fragrances Inc. 0.03%
    • Koninklijke Ahold Delhaize Nv 0.03%
    • Koninklijke Dsm Nv 0.03%
    • Kraft Heinz Co. 0.03%
    • Lyondellbasell Industries Nv 0.03%
    • Church & Dwight Co. Inc. 0.02%
    • Kao Corp. 0.02%
    • Kellogg Co. 0.02%
    • Tesco PLC 0.02%
    • Tyson Foods Inc. 0.02%
    • Ajinomoto Co. Inc. 0.01%
    • Akzo Nobel Nv 0.01%
    • Avantor Inc. 0.01%
    • Beiersdorf AG 0.01%
    • Campbell Soup Co. 0.01%
    • Clorox Co. 0.01%
    • Croda International PLC 0.01%
    • Essity Ab 0.01%
    • Fmc Corp. 0.01%
    • Fujifilm Holdings Corp. 0.01%
    • Hormel Foods Corp. 0.01%
    • Kerry Group PLC 0.01%
    • Moncler Spa 0.01%
    • Mosaic Co. 0.01%
    • Novozymes A/S 0.01%
    • Nufarm Ltd./Australia 0.01%
    • Otsuka Holdings Co. Ltd. 0.01%
    • Rentokil Initial PLC 0.01%
    • Shiseido Co. Ltd. 0.01%
    • Symrise AG 0.01%
    • Unicharm Corp. 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2022 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

In their own words

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. 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 $870M NZD
Period of data report 31st Dec. 2022
Fund started 3rd April 2017
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 20.0
Total other charges currency NZD

Key Personnel

Sam Stubbs

Currently: Managing Director, Simplicity (6 years, 9 months)
Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)

Joy Marslin

Currently: Director, Simplicity (6 years, 1 months)
Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)

Reuben Halper

Currently: Director, Simplicity (5 years, 7 months)
Previously: Agency Lead, Google NZ (current position) (7 years, 3 months)

Andrew Lance

Currently: Chief Operating Officer, Simplicity (6 years, 6 months)
Previously: Consultant, AMP Financial Services (1 years, 0 months)

Matthew Houtman

Currently: Head of Private Capital, Simplicity (2 years, 1 months)
Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.00%
Animal Cruelty 4.00%
Fossil Fuels 1.27%
Gambling 0.00%
GMOs 0.06%
Human Rights & Environmental Violations 1.97%
Palm Oil 0.01%
Tobacco 0.00%
Weapons 0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2022 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 many 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.

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
2022 1.53% 3.07%
2021 32.66% 27.64%
2020 -4.45% -2.48%
2019 6.15% 8.07%

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 fund has filed with Disclose register to 31st Dec. 2022.

Top 10 Investments

  • Vanguard Eth'Y Conscious Int Shares Index Fund NZD Hedged
    Australia International Equities
    34.1%
  • Vanguard Eth'Y Conscious Int Shares Index Fund Unhedged
    Australia International Equities
    18.36%
  • Vanguard Eth'Y Conscious Global Index Bond Fund
    Australia Int Fixed Interest
    10.39%
  • Vanguard Ethically Conscious Australian Share Fund
    Australia Australasian Equities
    5.97%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.42%
  • Cash At Bank
    New Zealand Cash and Equivalents
    2.26%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.86%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.74%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.19%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.19%
Type Target Actual
Cash and Cash Equivalents 2.0% 2.22%
New Zealand Fixed Interest 7.5% 7.5%
International Fixed Interest 10.5% 10.39%
Australasian Equities 24.0% 27.13%
International Equities 53.0% 52.46%
Listed Properties 0.0% 0.0%
Unlisted Properties 3.0% 0.3%
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.

Target

Actual

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.