SuperLife Ethica Fund

Switch to this fund »

Mindful Fund

Fund type: Balanced fund

Past Returns: 9.03%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.7%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Contact Energy Ltd 0.45%
Genesis Energy Ltd 5.00% 3/04/2025 0.22%
Contact Energy 07/11/22 Promissory Note 0.20%
Genesis Energy Ltd 251122 Pnote 0.12%
Genesis Energy Ltd 0.11%
Loews Corp 3.200000% 05/15/2030 0.07%
Valero Energy Corp 0.07%
Contact Energy Ltd 5.82% 11/04/2028 0.06%
Enbridge Inc 0.05%
Marathon Petroleum Corp 0.05%
Ampol Ltd 0.04%
Channel Infrastructure NZ Ltd 0.04%
Contact Energy Ltd 3.55% 15/08/2024 0.04%
Apa Group 0.03%
Consolidated Edison Inc 0.03%
Constellation Energy 0.03%
Genesis Energy Ltd 5.81% 8/03/2023 0.03%
Hf Sinclair Corp 0.03%
Iberdrola SA 0.03%
Sempra Energy 0.03%
Texas Pacific Land Corp 0.03%
Viva Energy Group Ltd 0.03%
Atmos Energy Corp 0.01%
Continental Resources 5.750000% 01/15/2031 0.01%
Esb Finance Dac 1.875000% 06/14/2031 0.01%
Neste Oyj 0.01%
Phillips 66 0.01%

Weapons

Walmart Inc 0.17%
Dick'S Sporting Goods 3.150000% 01/15/2032 0.06%
Booz Allen Hamilton Holdings 0.03%
Amphenol Corp-Cl A 0.01%
Caci International Inc -Cl A 0.01%
Science Applications Inte 0.01%
Teledyne Technologies Inc 0.01%
Transdigm Group Inc 0.01%
Walmart Inc 5.625000% 03/27/2034 0.01%

Tobacco

Gambling

GMOs

Corteva Inc 0.05%

Human Rights & Environmental Violations

Meta Platforms Inc-Class A 0.39%
Johnson & Johnson 0.34%
Rio Tinto Ltd 0.11%
Thermo Fisher Scientific Inc 0.10%
Activision Blizzard Inc 0.08%
Caterpillar Inc 0.07%
Thermo Fisher Scientific 2.375000% 04/15/2032 0.07%
Credit Suisse New York 2.950000% 04/09/2025 0.06%
Rio Tinto PLC 0.06%
Corteva Inc 0.05%
Johnson & Johnson 3.550000% 03/01/2036 0.05%
Wells Fargo & Co 0.05%
Credit Suisse Group AG 0.650000% 09/10/2029 0.03%
Fmc Corp 0.03%
Motorola Solutions Inc 0.03%
Thermo Fisher Scientific 2.800000% 10/15/2041 0.03%
Nufarm Ltd 0.02%
Wells Fargo & Company 2.500000% 05/02/2029 0.02%
Thermo Fisher Scientific 1.950000% 07/24/2029 0.01%
Uber Technologies Inc 0.01%
Wells Fargo & Company 0.625000% 08/14/2030 0.01%
Wells Fargo & Company 3.000000% 04/22/2026 0.01%

Animal Testing

Procter & Gamble Co/The 0.20%
Coca-Cola Co/The 0.11%
Pepsico Inc 0.11%
Unilever PLC-Sponsored Adr 0.10%
Sherwin-Williams Co/The 0.08%
Colgate-Palmolive Co 0.06%
3M Co 0.05%
Corteva Inc 0.05%
Estee Lauder Companies-Cl A 0.05%
General Mills Inc 0.05%
Hermes International 0.05%
Koninklijke Ahold Delhaize N 0.05%
L'Oreal 0.05%
Ralph Lauren Corp 2.950000% 06/15/2030 0.04%
Avantor Inc 0.03%
Church & Dwight Co Inc 0.03%
Coca-Cola Co/The 0.400000% 05/06/2030 0.03%
Ecolab Inc 0.03%
Fmc Corp 0.03%
Kering 0.03%
Orica Ltd 0.03%
PPG Industries Inc 0.03%
Pvh Corp 3.125000% 12/15/2027 0.03%
Tapestry Inc 0.03%
Colgate-Palmolive Co 0.300000% 11/10/2029 0.02%
Graincorp Ltd-A 0.02%
Jab Holdings Bv 1.000000% 07/14/2031 0.02%
Nufarm Ltd 0.02%
Campbell Soup Co 0.01%
Clorox Company 0.01%
Dupont De Nemours Inc 0.01%
Estee Lauder Co Inc 2.600000% 04/15/2030 0.01%
Kellogg Co 0.01%
Keurig Dr Pepper Inc 0.01%
Kraft Heinz Co/The 0.01%
Mosaic Co/The 0.01%
Procter & Gamble Co/The 1.200000% 10/29/2030 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 2022 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2022 0.35% 2.95%
2021 16.60% 27.91%
2020 -1.09% -3.76%
2019 5.56% 6.46%
2018 5.28% 2.57%
2017 5.86% 4.92%
2016 4.01% 11.24%
2015 11.09% 12.93%
2014 7.28% 3.72%
2013 10.75% 11.17%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Dimensional Global Sustainability Trust NZD Hedged Class
    Australia International Equities
    23.19%
  • Dimensional Global Bond Sustainability Trust NZD Class
    Australia Int Fixed Interest
    16.95%
  • Dimensional Global Sustainability Trust Unhedged Class
    Australia International Equities
    14.56%
  • Dimensional Australian Sustainability Trust
    Australia Australasian Equities
    4.26%
  • Vanguard International Property Securities Index Fund
    Australia Listed Property
    3.11%
  • New Zealand Government 0.50% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    1.16%
  • New Zealand Government 5.50% 15/04/2023
    New Zealand NZ Fixed Interest AAA
    0.88%
  • New Zealand Government 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    0.81%
  • New Zealand Government 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    0.79%
  • New Zealand Government 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    0.72%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 8.712%
New Zealand Fixed Interest 13.0% 14.9905%
International Fixed Interest 26.0% 16.922%
Australasian Equities 14.5% 14.8084%
International Equities 38.0% 37.6783%
Listed Properties 7.5% 6.8887%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    2.32%
  • Fossil Fuels:
    2.14%
  • Gambling:
    0.02%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    1.74%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.59%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 2022 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"Invests in a mix of income and growth assets and is designed for investors that want a balanced investment option. A socially responsible fund which excludes assets that do not meet the fund's defined ethical investment standards. Negative annual returns may occur once in every 5-7 years on average. SuperLife provides KiwiSaver, investment, superannuation and insurance solutions to over 50,000 members. For over 15 years we have focused on what matters most to our members: a passive investment philosophy, low fees, flexibility, transparency and exceptional customer service. SuperLife is managed by Smartshares Limited, which is a wholly-owned subsidiary of NZX Limited."

Value $53M NZD
Period of data report Fri Sept. 30th 2022
Members 1,691
Fund started Mon March 31st 2008
Total annual fund fees 0.7%
Total performance based fees 0.0%
Manager's basic fee 0.7%
Other management and administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Guy Roulston Elliffe

Currently: Director (6 years, 10 months)
Previously: Corporate Governance Manager - ACC (current position) (7 years, 5 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (3 years, 4 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (4 years, 7 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (6 years, 10 months)
Previously: Investment Manager - Trust Management (5 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.