# Quarterly Fund Update — simplicity (2025-Q4)

> KiwiSaver scheme **simplicity** — Quarterly Fund Update filing covering period ending **2025-12-31**.
> Source: filed with FMA Disclose register. Canonical: https://fundcompare.co.nz/filings/qfu/simplicity/2025-q4

## Funds covered

| Fund | Fees (1y) | 1y return | 3y return | 5y avg return | AUM (NZD) | Members | Growth assets |
|------|-----------|-----------|-----------|---------------|-----------|---------|---------------|
| Defensive Fund | 0.25% | 2.76% | — | — | NZD $75,572,398 | 1,043 | 2.8% |
| High Growth Fund | 0.25% | 12.70% | — | — | NZD $1,494,108,290 | 28,792 | 96.5% |
| Default Fund | 0.25% | 8.47% | — | — | NZD $692,026,080 | 53,885 | 58.8% |
| Conservative Fund | 0.25% | 4.74% | — | 1.75% | NZD $188,811,099 | 3,048 | 19.8% |
| Balanced Fund | 0.25% | 8.54% | — | 5.12% | NZD $813,044,561 | 14,254 | 58.7% |
| Growth Fund | 0.25% | 10.86% | — | 7.20% | NZD $2,844,914,586 | 44,350 | 79.8% |

_Returns are after fees and tax at PIR 28%, sourced from the QFU PDF as filed with FMA Disclose._

## Source documents

- **Fund: balanced**
  - Original PDF: https://simplicity.kiwi/assets/Uploads/Simplicity-Balanced-Fund-update-31-December-2025.pdf
  - SHA-256: `17abdeddc609a4c2…`
  - Ingested: 2026-05-08
- **Fund: conservative**
  - Original PDF: https://simplicity.kiwi/assets/Uploads/Simplicity-Conservative-Fund-update-31-December-2025.pdf
  - SHA-256: `0763d9effaccd466…`
  - Ingested: 2026-05-08
- **Fund: default**
  - Original PDF: https://simplicity.kiwi/assets/Uploads/Simplicity-Default-Fund-update-31-December-2025.pdf
  - SHA-256: `59c676b705f4c7e6…`
  - Ingested: 2026-05-08
- **Fund: defensive**
  - Original PDF: https://simplicity.kiwi/assets/Uploads/Simplicity-Defensive-Fund-update-31-December-2025.pdf
  - SHA-256: `596d9aca45851ce2…`
  - Ingested: 2026-05-08
- **Fund: growth**
  - Original PDF: https://simplicity.kiwi/assets/Uploads/Simplicity-Growth-Fund-update-31-December-2025-v2.pdf
  - SHA-256: `9afdaca7df0b52d8…`
  - Ingested: 2026-05-08
- **Fund: high-growth**
  - Original PDF: https://simplicity.kiwi/assets/Uploads/Simplicity-High-Growth-Fund-update-31-December-2025.pdf
  - SHA-256: `5393a5c64d3afb66…`
  - Ingested: 2026-05-08

## Data sources

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/
- IRD KiwiSaver — https://www.ird.govt.nz/kiwisaver
- Sorted Fund Finder — https://fundfinder.sorted.org.nz/

## Machine-readable surface

- Facts JSON: https://fundcompare.co.nz/api/qfu/simplicity/2025-q4/facts.json
- Crawlable HTML: https://fundcompare.co.nz/filings/qfu/simplicity/2025-q4

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This is an informational summary published by FundCompare NZ (https://fundcompare.co.nz) using publicly available data from the FMA Disclose register, IRD KiwiSaver, and Sorted Fund Finder. It does not constitute financial advice. FundCompare NZ is not a licensed Financial Advice Provider. Past performance is not indicative of future results — read each scheme's Product Disclosure Statement and consult a licensed financial adviser before making any decision. KiwiSaver® is a registered trademark of Inland Revenue.