Simplicity NZ Limited
Conservative Fund
Simplicity KiwiSaver SchemeConservative
What the provider says about this fund
The Conservative Fund provides investors with a limited exposure to growth assets, but most of its investments are in income assets.
1-year return
4.02%
5-year return p.a.
1.80%
Total annual fee
0.25%
Fund size ($m)
205.1
Members
3,259
Inception date
1 September 2016
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
19.76%
Income assets
80.24%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 4.21% | 3.75% | 5.79% |
| Cash and equivalents | 31.66% | 25.00% | 20.22% |
| International bonds | 29.65% | 30.00% | 27.47% |
| International shares | 13.56% | 13.75% | 14.45% |
| New Zealand bonds | 18.93% | 25.00% | 29.28% |
| Unlisted property | 1.99% | 2.50% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 10.59% |
| 2 | Westpac NZ FRN 6 July 2026 | Cash | Cash and Cash Equivalents | NZ | 2.49% |
| 3 | Simplicity Living Ltd Ordinary Shares | Property | Unlisted Property | NZ | 1.99% |
| 4 | Kiwibank FRN 13 June 2028 | Cash | Cash and Cash Equivalents | NZ | 1.66% |
| 5 | Kiwibank FRN 15 March 2028 | Cash | Cash and Cash Equivalents | NZ | 1.34% |
| 6 | Housing NZ bond 5 October 2026 | Bonds | New Zealand Fixed Interest | NZ | 1.07% |
| 7 | New Zealand govt bond 14 April 2033 | Bonds | New Zealand Fixed Interest | NZ | 1.03% |
| 8 | NVIDIA Corp | Shares | International Equities | US | 0.90% |
| 9 | IBRD bond 23 July 2032 | Bonds | New Zealand Fixed Interest | NZ | 0.85% |
| 10 | Apple Inc | Shares | International Equities | US | 0.81% |
Fees
0.25% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.25% | $75 | 0.70% |
| Other fees | 0.00% | $0 | 0.11% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.25% | $75 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2018 | 3.56% | 3.30% |
| 31 March 2019 | 5.33% | 4.43% |
| 31 March 2020 | 2.36% | 1.24% |
| 31 March 2021 | 7.18% | 8.66% |
| 31 March 2022 | -1.78% | -0.64% |
| 31 March 2023 | -2.98% | -1.65% |
| 31 March 2024 | 6.00% | 6.61% |
| 31 March 2025 | 4.06% | 3.59% |
| 31 March 2026 | 4.02% | 3.96% |
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 |