Simplicity Default Fund
Default Fund is a balanced KiwiSaver fund managed by Simplicity. It has 54,209 members and holds $673 million. It opened in 2021.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +7.6% a year
- Return over 3 years
- +8.2% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 43%, australasian equities 16%, international fixed interest 15%, cash and cash equivalents 14%.
Largest holdings
- Cash at Bank 4.62%
- NVIDIA Corp 2.84%
- Fisher & Paykel Healthcare Ltd 2.77%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +7.6% |
| 2024/25 | +4.8% |
| 2023/24 | +12.2% |
| 2022/23 | −3.8% |
About this fund
The Simplicity Default Fund is a passively managed, index-tracking fund with a growth-leaning balanced mix of growth and income assets, offered as a government-appointed KiwiSaver default option. Since the government's 2021 default settings, default funds sit at a balanced risk level. It is highly diversified and ethically screened. Suggested for a minimum timeframe of six years, it has operated since 2021 and carries an annual fund charge of 0.25%.