Funds

This is a Mindful fund Simplicity NZ Bond 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.

This fund has no investments in issues of concern

Key:

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

Companies of concern

This data is compiled by Mindful Money from the fund information and portfolios that each 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

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 $562M NZD
Period of data report 30th June 2024
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 (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)

Reuben Halper

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

This information has been sourced from the quarterly data that each 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 3.59% 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 June 2024.

Top 10 Investments

  • NZGB 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AA+
    8.38%
  • NZGB 1.5% 15/05/2031
    New Zealand NZ Fixed Interest AA+
    7.42%
  • Nzlgfa 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AA+
    6.49%
  • NZGB 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AA+
    6.14%
  • NZGB 3% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    6.09%
  • Ibrd 1.25% 10/12/2030
    New Zealand NZ Fixed Interest AA+
    5.8%
  • Nzlgfa 2.25% 15/05/2028
    New Zealand NZ Fixed Interest AA+
    4.7%
  • NZGB 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    4.43%
  • Housnz 4.422% 15/10/2027
    New Zealand NZ Fixed Interest AAA
    3.78%
  • NZGB 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    3.73%
Type Target Actual
Cash and Cash Equivalents 0.0% 2.77%
New Zealand Fixed Interest 100.0% 97.23%
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 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 30th June 2024.