Harbour NZ Corporate Bond Fund vs Simplicity NZ Bond Fund

The most material structural difference between these two funds is fee level. The Harbour NZ Corporate Bond Fund charges an annual fund charge of 0.47%, while the Simplicity NZ Bond Fund charges 0.10% — a gap of 37 basis points that compounds meaningfully over time in a low-return fixed interest category.

Despite the lower fee, Simplicity's five-year return of 0.53% per annum trails Harbour's 1.38% over the same period, though this snapshot does not account for differing portfolio construction, duration positioning, or credit exposure across that window. Notably, the Simplicity fund carries a risk indicator of 4 against Harbour's 3, suggesting greater return volatility despite both funds sitting in the NZ Fixed Interest category. This may reflect Simplicity's inclusion of longer-duration instruments — its top holdings include a NZ Government bond maturing in 2054 — whereas Harbour's disclosed top holdings cluster in shorter maturities to 2032.

Both funds are similarly sized, with Simplicity at approximately $673.9 million and Harbour at approximately $608.4 million. Growth asset allocations are low for both — 0.13% for Harbour and 0.07% for Simplicity — consistent with their income-oriented mandates. Neither fund is structured as a KiwiSaver scheme account; both are retail managed funds available outside KiwiSaver.

Portfolio construction also differs: Harbour's top holdings lean toward NZ government stock and domestic bank paper, while Simplicity's visible holdings include an IBRD supranational bond alongside NZ government and bank exposure.

Always verify this information against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on it for any investment decision.