Harbour NZ Core Fixed Interest Fund vs Simplicity NZ Bond Fund

The most material structural difference between these two funds is cost. The Simplicity NZ Bond Fund charges an annual fund charge of 0.10%, while the Harbour NZ Core Fixed Interest Fund charges 0.66% — a gap of 56 basis points that compounds meaningfully over time in a low-return asset class. Over the five-year period captured in each fund's latest Quarterly Fund Update, Harbour returned 0.82% per annum against Simplicity's 0.53%, a difference that partially offsets but does not fully recover that fee differential in gross terms; investors would need to assess net-of-fee outcomes relative to their own circumstances.

The two funds also differ on risk indicator: Simplicity sits at 4 on the standardised 1–7 scale, Harbour at 3, suggesting Harbour's portfolio has exhibited lower return volatility over the measured period. Simplicity is the larger fund at approximately NZD 674 million versus Harbour's roughly NZD 300 million. Growth asset allocation is minimal in both — 0.07% for Simplicity and 0.13% for Harbour — consistent with their fixed-interest mandates.

Holdings composition differs in concentration and character. Harbour's top five are dominated by NZ Government Stock across multiple maturities, including an inflation-linked bond, collectively representing over 34% of the disclosed top holdings. Simplicity's top five include a Westpac floating-rate note and an IBRD supranational bond alongside NZ government securities, indicating somewhat broader issuer diversity at the top of the portfolio.

Always verify fees, returns, and holdings against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on any figures here.