Simplicity NZ Limited
Default Fund
Simplicity KiwiSaver SchemeBalanced
What the provider says about this fund
The Default Fund provides investors with an exposure to a mix of growth and income assets.
1-year return
7.61%
5-year return p.a.
3.77%
Total annual fee
0.25%
Fund size ($m)
673.3
Members
54,209
Inception date
1 December 2021
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
58.65%
Income assets
41.35%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 16.11% | 16.25% | 13.93% |
| Cash and equivalents | 14.04% | 10.00% | 7.91% |
| International bonds | 14.67% | 14.50% | 19.39% |
| International shares | 42.54% | 42.75% | 35.53% |
| New Zealand bonds | 12.64% | 16.50% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 3.25% |
| 2 | NVIDIA Corp | Shares | International Equities | US | 2.84% |
| 3 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 2.77% |
| 4 | Apple Inc | Shares | International Equities | US | 2.55% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 1.91% |
| 6 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 1.63% |
| 7 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.52% |
| 8 | Amazon.Com Inc | Shares | International Equities | US | 1.40% |
| 9 | Westpac NZ FRN 6 July 2026 | Cash | Cash and Cash Equivalents | NZ | 1.22% |
| 10 | Alphabet Inc Class A | Shares | International Equities | US | 1.16% |
Fees
0.25% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.25% | $75 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.25% | $75 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2023 | -3.75% | -2.77% |
| 31 March 2024 | 12.24% | 10.89% |
| 31 March 2025 | 4.80% | 4.36% |
| 31 March 2026 | 7.61% | 6.36% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Latest fund update
- Other material information
- Other material information
- Other material information
- Other material information
- Other material information
- Other material information
- Product disclosure statement
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Andrew Lance | Chief Investment Officer, Simplicity | 2 years, 1 month |
| Rob Everett | Director, Simplicity | 9 months |
| Sam Stubbs | Managing Director, Simplicity | 10 years |
| Shamubeel Eaqub | Chief Economist, Simplicity | 1 year, 6 months |