Simplicity Growth Investment Fund

Mindful Fund

Fund type: Growth fund

Past Returns: 9.41%

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 management and administration fees, but not membership 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

Atmos Energy Corp. 0.01%
Franco-Nevada Corp. 0.03%
Lyondellbasell Industries Nv Class A 0.03%

Weapons

Adult Entertainment/Pornography

Palm Oil

GMOs

Corteva Inc. 0.05%

Human Rights & Environmental Violations

Activision Blizzard Inc. 0.06%
Bayer AG 0.08%
Credit Suisse Group AG 0.02%
Motorola Solutions Inc. 0.04%
Nestle SA 0.38%
Uber Technologies Inc. 0.06%

Animal Testing

Albemarle Corp. 0.02%
Archer-Daniels-Midland Co. 0.05%
Avantor Inc. 0.01%
Bayer AG 0.08%
Church & Dwight Co. Inc. 0.03%
Coca-Cola Co. 0.26%
Corteva Inc. 0.05%
Danone SA 0.03%
Dow Inc. 0.05%
Dupont De Nemours Inc. 0.04%
Estee Lauder Cos. Inc. Class A 0.06%
Fujifilm Holdings Corp. 0.02%
General Mills Inc. 0.05%
Givaudan SA 0.05%
Glaxosmithkline PLC 0.11%
Hermes International 0.05%
Hp Inc. 0.05%
Ingersoll Rand Inc. 0.01%
International Flavors & Fragrances Inc. 0.03%
Kao Corp. 0.01%
Kerry Group PLC Class A 0.01%
Keurig Dr Pepper Inc. 0.03%
Kimberly-Clark Corp. 0.05%
Koninklijke Dsm Nv 0.03%
Kraft Heinz Co. 0.03%
L'Oreal SA 0.09%
Linde PLC 0.16%
Lyondellbasell Industries Nv Class A 0.03%
Mondelez International Inc. Class A 0.09%
Nestle SA 0.38%
Nufarm Ltd./Australia 0.02%
Nutrien Ltd. 0.06%
Pepsico Inc. 0.24%
Procter & Gamble Co. 0.40%
Reckitt Benckiser Group PLC 0.05%
Sherwin-Williams Co. 0.07%
Shin-Etsu Chemical Co. Ltd. 0.06%
Shiseido Co. Ltd. 0.01%
Tesco PLC 0.03%
Unilever PLC 0.13%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.

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
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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

Vanguard Eth'Y Conscious Int Shares Index Fund NZD Hedged
Australia International Equities

31.47%
Vanguard Eth'Y Conscious Int Shares Index Fund Unhedged
Australia International Equities

16.79%
Vanguard Eth'Y Conscious Global Index Bond Fund
Australia Int Fixed Interest

12.41%
Vanguard Ethically Conscious Australian Share Fund
Australia Australasian Equities

8.62%
Cash At Bank
New Zealand Cash and Equivalents

2.62%
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities

2.36%
Auckland International Airport Ltd
New Zealand Australasian Equities

1.61%
Spark New Zealand Ltd
New Zealand Australasian Equities

1.46%
Mainfreight Ltd
New Zealand Australasian Equities

1.21%
Contact Energy Ltd
New Zealand Australasian Equities

1.09%

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

How the money in this fund is invested against the fund's targets.

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	2.0%	2.71%
New Zealand Fixed Interest	7.5%	7.43%
International Fixed Interest	12.5%	12.41%
Australasian Equities	26.5%	29.04%
International Equities	48.5%	48.26%
Listed Properties	0.0%	0.0%
Unlisted Properties	3.0%	0.15%
Other	0.0%	0.0%
Commodities	0.0%	0.0%

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

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:

0.02%
Alcohol:

0.00%
Animal Testing:

3.56%
Fossil Fuels:

0.14%
Gambling:

0.00%
GMOs:

0.04%
Human Rights & Environmental Violations:

0.73%
Palm Oil:

0.01%
Tobacco:

0.00%
Weapons:

0.01%

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 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 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 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	$900M NZD
Period of data report	Thu March 31st 2022
Fund started	Mon April 3rd 2017
Total annual fund fees	0.29%
Total performance based fees	0.0%
Manager's basic fee	0.28%
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, 0 months) Previously: Chief Executive Officer, TOWER Investments (5 years, 1 months)
Joy Marslin	Currently: Director, Simplicity (5 years, 4 months) Previously: Head of Private Wealth Management, Westpac NZ (3 years, 7 months)
Reuben Halper	Currently: Director, Simplicity (4 years, 10 months) Previously: Agency Lead, Google NZ (current position) (6 years, 6 months)
Andrew Lance	Currently: Chief Operating Officer, Simplicity (5 years, 9 months) Previously: Consultant, AMP Financial Services (1 years, 0 months)
Matthew Houtman	Currently: Head of Private Capital, Simplicity (1 years, 4 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 Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.