This fund is mostly invested in income assets, with very limited exposure to growth assets.
The minimum suggested investment timeframe is 2 years.
Simplicity Fee
Market Average
Over 4,000 investments in more than 20 countries.
The target asset allocations are 95% in income assets (44% New Zealand fixed interest, 36% International fixed interest, and 15% cash and cash equivalents), with 5% in growth assets (unlisted property).
The returns and volatility of the Fund are likely to be lower over the longer term (10 years or more) than our other Funds.
This option suits members seeking returns with lower volatility.
1 Month
3 Months
1 Year
2 Years
3 Years
5 Years
* These returns are to 31-03-2024 and are before tax and after fund management fees. Yearly returns are per annum. Past performance is not necessarily an indicator of future performance and return periods may differ.
The risk indicator reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.
Note that even the lowest category does not mean a risk-free investment, and there are other risks that are not captured in this rating. This risk indicator is not a guarantee of a fund’s future performance. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator reflects the most recent quarterly fund update or the PDS if a fund update has not yet been produced and will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risk indicator and the risks associated with investing in this fund.
The Simplicity KiwiSaver Defensive and Conservative Funds have the same risk rating, but the Defensive Fund has a higher allocation of income assets such as cash and fixed interest investments like bonds.
The return of the Defensive Fund is expected to be lower than our other funds over 10 years or longer, while the range of returns from year to year is expected to be less volatile. This fund may be appropriate for those with shorter investment time frames such as people nearing retirement, about to buy their first home, or with lower risk appetites.
A cash fund is a type of defensive fund that normally invests only in cash and cash equivalent assets such as short-term bank deposits. The Defensive Fund has some non-cash investments such as bonds (that may have more than one year to maturity) and other capital-stable assets.
Yes. The Defensive Fund has exposure to both. Please read the Statement of Investment Policy and Objectives (SIPO) to learn more.
Unlike a bank term deposit which returns a fixed rate of return for a given time period, the Defensive Fund is invested in a range of assets, including a small allocation to unlisted property investments, and the value of these investments fluctuates daily with movements in the market.
This document is produced quarterly and tells you how the fund has performed and what fees were charged and will help you to compare the fund with other funds.
This document gives you important information to help you decide whether you want to invest. There is other useful information about this offer on companiesoffice.govt.nz/disclose
This policy describes Simplicity NZ Limited’s Governing Principles, provides a description of the Scheme, outlines its purpose and philosophy, its investment objectives and policies. It also covers investment performance monitoring and reporting.
This policy describes Simplicity NZ Limited’s approach to responsible investment. This policy is to be read alongside our scheme governing documents, including the Statement of Investment Policy and Objectives (“SIPO”), Product Disclosure Statement (“PDS”) and Other Material Information (“OMI”).
This fund invests mostly in growth assets, with a limited exposure to income assets.
This fund invests mostly in growth assets.
This fund is invested in a mix of growth and income assets.
This fund is mostly invested in income assets, with a limited exposure to growth assets.
This fund is invested in a mix of growth and income assets.
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