Funds

SuperLife Income Fund

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Issues of concern

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.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Genesis Energy Ltd 5.00% 3/04/2025 0.58%
    • Contact Energy 07/11/22 Promissory Note 0.44%
    • Genesis Energy Ltd 251122 Pnote 0.28%
    • Genesis Energy Ltd 5.81% 8/03/2023 0.06%

  • Human Rights & Environmental Violations

    • Credit Suisse Group AG 4.55% 17/04/2026 0.05%
    • Credit Suisse Group AG 4.207% 12/06/2024 0.03%
    • Credit Suisse Group AG 6.537% 12/08/2033 0.03%
    • Credit Suisse New York 3.70% 21/02/2025 0.03%
    • Credit Suisse Group AG 1.00% 24/06/2027 0.02%
    • Credit Suisse Group AG 6.375% #N/A Field Not Applicable 0.02%
    • Wells Fargo & Company 3.526% 24/03/2028 0.02%
    • Wells Fargo & Company 3.908% 25/04/2026 0.01%
    • Wells Fargo & Company 4.036% 31/10/2023 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 30th Sept. 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.

About this fund

In their own words

Invests in income assets and is designed for investors that want an investment in New Zealand and international fixed interest. Negative annual returns may occur once in every 7-10 years on average.

Value $190M NZD
Period of data report 31st Dec. 2022
Members 16,504
Fund started 15th Sept. 2013
Total annual fund fees 0.56%
Total performance based fees 0.0%
Manager's basic fee 0.56%
Other management and administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Guy Roulston Elliffe

Currently: Director (7 years, 1 months)
Previously: Corporate Governance Manager - ACC (current position) (7 years, 8 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (3 years, 7 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (4 years, 10 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (7 years, 1 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 31st Dec. 2022.

Investment Exclusions

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 0.02%
Animal Cruelty 0.09%
Fossil Fuels 1.46%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 0.37%
Palm Oil 0.00%
Tobacco 0.01%
Weapons 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 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.

Past Returns

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 -1.63% -2.79%
2021 1.50% 3.29%
2020 1.63% 1.76%
2019 2.29% 3.44%
2018 2.05% 2.91%
2017 1.53% 2.67%
2016 2.72% 2.6%
2015 4.23% 6.73%

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 31st Dec. 2022.

Top 10 Investments

  • Ishares Core Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    26.73%
  • New Zealand Government 0.50% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    3.43%
  • Treasury Bill 0.00% 2/03/2023
    United States Int Fixed Interest AAA
    2.45%
  • Mortgage Passthrough Tba
    United States Int Fixed Interest AA+
    2.19%
  • New Zealand Government 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    2.09%
  • New Zealand Government 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    2.09%
  • New Zealand Government 5.50% 15/04/2023
    New Zealand NZ Fixed Interest AAA
    2.03%
  • New Zealand Government 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    1.83%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    1.5%
  • New Zealand Government 0.50% 15/05/2026
    New Zealand NZ Fixed Interest AAA
    1.41%
Type Target Actual
Cash and Cash Equivalents 0.0% 18.540181%
New Zealand Fixed Interest 19.0% 39.489021%
International Fixed Interest 0.0% 41.970798%
Australasian Equities 0.0% 0.0%
International Equities 42.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 39.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.