Funds

This is a Mindful fund Simplicity NZ Bond Fund

Fund type: Defensive fund

Past Returns: 4.00%
Average returns over the latest 3 years of data reported, after fees and taxes.
Annual Fees: 0.1%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

Companies of Concern

This fund has no investments in issues of concern.

From the Fund Provider

  • About this fund

    About this Fund

    Fund type: Defensive fund

    Past Returns: 4.00%
    Average returns over the latest 3 years of data reported, after fees and taxes.
    Annual Fees: 0.1%
    Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

    In their own words

    The NZ Bond Fund invests in New Zealand government bonds and investment grade, liquid bonds issued in New Zealand dollars, designed to be the New Zealand bond component of a diversified investment portfolio.

    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 $614M NZD
    Period of data report 30th Sept. 2025
    Fund started 3rd April 2018
    Total annual fund fees 0.1%
    Total performance based fees 0.0%
    Manager's basic fee 0.1%
    Other management and administration charges 0.0%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    Sam Stubbs

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

    Rob Everett

    Currently: Director, Simplicity (0 years, 3 months)
    Previously: Head of Advisory Committee, Revolut NZ (current) (0 years, 1 months)

    Andrew Lance

    Currently: Chief Investment Officer, Simplicity (1 years, 7 months)
    Previously: Chief Operating Officer, Simplicity (7 years, 8 months)

    Matthew Houtman

    Currently: Head of Private Capital, Simplicity (4 years, 10 months)
    Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

    Shamubeel Eaqub

    Currently: Chief Economist, Simplicity (1 years, 0 months)
    Previously: Economist, Eaqub & Eaqub Limited (Current) (1 years, 10 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

  • Past Returns

    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
    2025 3.87% 4.25%
    2024 3.43% 2.43%
    2023 -0.79% -1.45%
    2022 -2.46% -4.9%
    2021 2.15% -1.55%
    2020 1.75% 3.79%

    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 30th Sept. 2025.

  • Investments

    Top 10 Investments

    • Cash At Bank

      New Zealand Cash and Equivalents

      10.53%

    • Ibrd Bond 1.25% 10 December 2030

      New Zealand NZ Fixed Interest AAA

      6.26%

    • New Zealand Govt Bond 1.5% 15 May 2031

      New Zealand NZ Fixed Interest AA+

      5.52%

    • New Zealand Govt Bond 5% 15 May 2054

      New Zealand NZ Fixed Interest AA+

      5.25%

    • Auckland City Council Bond 5.745% 17 June 2039

      New Zealand NZ Fixed Interest AA

      5.12%

    • New Zealand Govt Bond 2.75% 15 May 2051

      New Zealand NZ Fixed Interest AAA

      5.07%

    • Ibrd Bond 4.25% 23 July 2032

      New Zealand NZ Fixed Interest AA+

      5.05%

    • New Zealand Govt Bond 2.75% 15 April 2037

      New Zealand NZ Fixed Interest AA+

      4.76%

    • New Zealand Govt Bond 3.5% 14 April 2033

      New Zealand NZ Fixed Interest AA+

      4.32%

    • Asia Bond 2.75% 28 January 2027

      New Zealand NZ Fixed Interest AAA

      3.68%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 10.49%
    New Zealand Fixed Interest 100.0% 89.51%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 0.0% 0.0%
    International Equities 0.0% 0.0%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 0.0%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.

Issues of Concern

  • 0.0% Environmental Harm
  • 0.0% Fossil Fuels
  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Weapons

Companies of Concern

This fund has no investments in issues of concern.

About this Fund

Fund type: Defensive fund

Past Returns: 4.00%
Average returns over the latest 3 years of data reported, after fees and taxes.
Annual Fees: 0.1%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

The NZ Bond Fund invests in New Zealand government bonds and investment grade, liquid bonds issued in New Zealand dollars, designed to be the New Zealand bond component of a diversified investment portfolio.

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 $614M NZD
Period of data report 30th Sept. 2025
Fund started 3rd April 2018
Total annual fund fees 0.1%
Total performance based fees 0.0%
Manager's basic fee 0.1%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Sam Stubbs

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

Rob Everett

Currently: Director, Simplicity (0 years, 3 months)
Previously: Head of Advisory Committee, Revolut NZ (current) (0 years, 1 months)

Andrew Lance

Currently: Chief Investment Officer, Simplicity (1 years, 7 months)
Previously: Chief Operating Officer, Simplicity (7 years, 8 months)

Matthew Houtman

Currently: Head of Private Capital, Simplicity (4 years, 10 months)
Previously: Co-Managing Director, Pioneer Capital Management (16 years, 0 months)

Shamubeel Eaqub

Currently: Chief Economist, Simplicity (1 years, 0 months)
Previously: Economist, Eaqub & Eaqub Limited (Current) (1 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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
2025 3.87% 4.25%
2024 3.43% 2.43%
2023 -0.79% -1.45%
2022 -2.46% -4.9%
2021 2.15% -1.55%
2020 1.75% 3.79%

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 30th Sept. 2025.

Top 10 Investments

  • Cash At Bank

    New Zealand Cash and Equivalents

    10.53%

  • Ibrd Bond 1.25% 10 December 2030

    New Zealand NZ Fixed Interest AAA

    6.26%

  • New Zealand Govt Bond 1.5% 15 May 2031

    New Zealand NZ Fixed Interest AA+

    5.52%

  • New Zealand Govt Bond 5% 15 May 2054

    New Zealand NZ Fixed Interest AA+

    5.25%

  • Auckland City Council Bond 5.745% 17 June 2039

    New Zealand NZ Fixed Interest AA

    5.12%

  • New Zealand Govt Bond 2.75% 15 May 2051

    New Zealand NZ Fixed Interest AAA

    5.07%

  • Ibrd Bond 4.25% 23 July 2032

    New Zealand NZ Fixed Interest AA+

    5.05%

  • New Zealand Govt Bond 2.75% 15 April 2037

    New Zealand NZ Fixed Interest AA+

    4.76%

  • New Zealand Govt Bond 3.5% 14 April 2033

    New Zealand NZ Fixed Interest AA+

    4.32%

  • Asia Bond 2.75% 28 January 2027

    New Zealand NZ Fixed Interest AAA

    3.68%
Type Target Actual
Cash and Cash Equivalents 0.0% 10.49%
New Zealand Fixed Interest 100.0% 89.51%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.