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Simplicity KiwiSaver
Simplicity is a KiwiSaver provider that runs 6 KiwiSaver funds, has 148,826 members, manages $6.1 billion, or 4.4% of the KiwiSaver market.
About Simplicity
Simplicity launched its KiwiSaver scheme in 2016 as New Zealand’s first not-for-profit provider, built around low fees and passive index investing. The manager is owned by the Simplicity Foundation, a charitable trust that receives a share of fees for charitable giving. Its funds track global and local market indices, largely through Vanguard, and apply fund-wide exclusions across areas such as fossil-fuel extraction, tobacco and weapons. Part of the portfolio is also invested in New Zealand residential housing through Simplicity Living, and Simplicity is one of the government-appointed default KiwiSaver providers.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2016
- Investment approach
- Passive indexing
- KiwiSaver funds under management
- $6.1 billion (4.4% of the KiwiSaver market)
- Members
- 148,826
- Average member balance
- $40,710
- KiwiSaver funds offered
- 6
- Annual fee range
- 0.25%
Fund range by risk profile
- Defensive: 1 fund
- Conservative: 1 fund
- Balanced: 2 funds
- Growth: 1 fund
- Aggressive: 1 fund
How has Simplicity KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Growth Fund, at +6.0% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Defensive Fund | +2.5% |
| Conservative | Conservative Fund | +4.0% |
| Balanced | Balanced Fund | +7.8% |
| Growth | Growth Fund | +10.1% |
| Aggressive | High Growth Fund | +11.7% |
KiwiSaver funds offered by Simplicity
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Defensive Fund | Defensive | 0.25% | +2.5% | Not reported |
| Conservative Fund | Conservative | 0.25% | +4.0% | +1.8% |
| Balanced Fund | Balanced | 0.25% | +7.8% | +4.4% |
| Default Fund | Balanced | 0.25% | +7.6% | Not reported |
| Growth Fund | Growth | 0.25% | +10.1% | +6.0% |
| High Growth Fund | Aggressive | 0.25% | +11.7% | Not reported |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.