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

    • Contact Energy Ltd 0.52%
    • BHP Group Ltd 0.43%
    • Nextera Energy Inc. 0.26%
    • Genesis Energy Ltd 5.00% 3/04/2025 0.24%
    • Contact Energy 07/11/22 Promissory Note 0.19%
    • Exxon Mobil Corp. 0.14%
    • Shell PLC 0.14%
    • Genesis Energy Ltd 0.13%
    • Woodside Energy Group Ltd 0.13%
    • Genesis Energy Ltd 251122 Pnote 0.12%
    • Chevron Corp. 0.10%
    • Duke Energy Corp. 0.10%
    • Southern Co. 0.10%
    • Enbridge Inc. 0.09%
    • BHP Group Ltd. 0.08%
    • BP PLC 0.07%
    • Cheniere Energy Inc. 0.07%
    • Dominion Energy Inc. 0.07%
    • National Grid PLC 0.07%
    • Totalenergies Se 0.07%
    • Reliance Industries Ltd. 0.06%
    • Sempra Energy 0.06%
    • American Electric Power Co. Inc. 0.05%
    • Conocophillips 0.05%
    • Consolidated Edison Inc. 0.05%
    • Santos Ltd 0.05%
    • Tc Energy Corp. 0.05%
    • Whitehaven Coal Ltd 0.05%
    • Ampol Ltd 0.04%
    • Iberdrola SA 0.04%
    • Kinder Morgan Inc. 0.04%
    • Oneok Inc. 0.04%
    • Petroleo Brasileiro SA 0.04%
    • Washington H Soul Pattinson & Co Ltd 0.04%
    • Wec Energy Group Inc. 0.04%
    • Williams Cos. Inc. 0.04%
    • Xcel Energy Inc. 0.04%
    • Ameren Corp. 0.03%
    • Glencore PLC 0.03%
    • Pg&E Corp. 0.03%
    • Public Service Enterprise Group Inc. 0.03%
    • Totalenergies 0.03%
    • Vale SA 0.03%
    • Agl Energy Ltd 0.02%
    • Alliant Energy Corp. 0.02%
    • Anglo American PLC 0.02%
    • Apa Group 0.02%
    • Atmos Energy Corp. 0.02%
    • Clp Holdings Ltd. 0.02%
    • Cms Energy Corp. 0.02%
    • Devon Energy Corp. 0.02%
    • Enel Spa 0.02%
    • Entergy Corp. 0.02%
    • Equinor Asa 0.02%
    • Evergy Inc. 0.02%
    • Fortis Inc./Canada 0.02%
    • Genesis Energy Ltd 5.81% 8/03/2023 0.02%
    • Mitsui & Co. Ltd. 0.02%
    • Pembina Pipeline Corp. 0.02%
    • Ppl Corp. 0.02%
    • Reliance Industries Ltd 0.02%
    • Saudi Arabian Oil Co. 0.02%
    • South32 Ltd 0.02%
    • Targa Resources Corp. 0.02%
    • Woodside Energy Group Ltd. 0.02%
    • Constellation Energy Corp. 0.01%
    • Diamondback Energy Inc. 0.01%
    • Emera Inc. 0.01%
    • Eni Spa 0.01%
    • Eog Resources Inc. 0.01%
    • Hess Corp. 0.01%
    • Hong Kong & China Gas Co. Ltd. 0.01%
    • Itochu Corp 0.01%
    • Itochu Corp. 0.01%
    • Mitsubishi Corp 0.01%
    • Mitsubishi Corp. 0.01%
    • Mitsui Ltd 0.01%
    • Nisource Inc. 0.01%
    • Rwe AG 0.01%
    • Snam Spa 0.01%
    • Walmart Inc. 0.07%
    • Honeywell International Inc. 0.04%
    • Lockheed Martin Corp. 0.04%
    • Raytheon Technologies Corp. 0.04%
    • Airbus Se 0.02%
    • Amphenol Corp. 0.02%
    • Safran SA 0.02%
    • Bae Systems PLC 0.01%
    • Boeing Co. 0.01%
    • Northrop Grumman Corp. 0.01%
    • Transdigm Group Inc. 0.01%
    • Wal-Mart De Mexico Sab De Cv 0.01%
    • Walmart Inc 0.01%
    • British American Tobacco PLC 0.05%
    • Philip Morris International Inc. 0.05%
    • Altria Group Inc. 0.01%
    • Skycity Entertainment Group Ltd 0.19%
    • Aristocrat Leisure Ltd 0.04%
    • Star Entertainment Grp Ltd/The 0.01%
    • Vici Properties Inc. 0.01%
    • Diageo PLC 0.08%
    • Anheuser-Busch Inbev SA/Nv 0.02%
    • Metcash Ltd 0.02%
    • Pernod Ricard SA 0.02%
    • Heineken Nv 0.01%
    • Corteva Inc. 0.02%
    • BHP Group Ltd 0.43%
    • Nestle SA 0.23%
    • Johnson & Johnson 0.20%
    • Shell PLC 0.14%
    • Meta Platforms Inc. 0.12%
    • Chevron Corp. 0.10%
    • Duke Energy Corp. 0.10%
    • Rio Tinto Ltd 0.08%
    • Thermo Fisher Scientific Inc. 0.07%
    • Wells Fargo & Co. 0.07%
    • BHP Group Ltd. 0.07%
    • Lockheed Martin Corp. 0.04%
    • Petroleo Brasileiro SA 0.04%
    • Raytheon Technologies Corp. 0.04%
    • Rio Tinto PLC 0.04%
    • Glencore PLC 0.03%
    • Pg&E Corp. 0.03%
    • Vale SA 0.03%
    • Basf Se 0.02%
    • Bayer AG 0.02%
    • Caterpillar Inc. 0.02%
    • Corteva Inc. 0.02%
    • Credit Suisse Group AG 4.55% 17/04/2026 0.02%
    • Motorola Solutions Inc. 0.02%
    • Archer-Daniels-Midland Co. 0.01%
    • Credit Suisse Group AG 4.207% 12/06/2024 0.01%
    • Credit Suisse Group AG 6.537% 12/08/2033 0.01%
    • Credit Suisse New York 3.70% 21/02/2025 0.01%
    • Li Ning Co. Ltd. 0.01%
    • Meta Platforms Inc Class A 0.01%
    • Rio Tinto Ltd. 0.01%
    • Thermo Fisher Scientific Inc 0.01%
    • Wells Fargo 0.01%
    • Nestle SA 0.24%
    • Exxon Mobil Corp. 0.14%
    • Shell PLC 0.14%
    • Procter & Gamble Co. 0.12%
    • Chevron Corp. 0.10%
    • Coca-Cola Co. 0.10%
    • Pepsico Inc. 0.10%
    • LVMH Moet Hennessy Louis Vuitton Se 0.09%
    • Unilever PLC 0.09%
    • Reliance Industries Ltd. 0.06%
    • British American Tobacco PLC 0.05%
    • Philip Morris International Inc. 0.05%
    • Honeywell International Inc. 0.04%
    • L'Oreal SA 0.03%
    • LVMH 0.03%
    • Orica Ltd 0.03%
    • Air Liquide SA 0.02%
    • Basf Se 0.02%
    • Bayer AG 0.02%
    • Cie Financiere Richemont SA 0.02%
    • Corteva Inc. 0.02%
    • Daikin Industries Ltd. 0.02%
    • Hermes International 0.02%
    • Hindustan Unilever Ltd. 0.02%
    • Kering SA 0.02%
    • Ping An Insurance Group Co. Of China Ltd. 0.02%
    • Procter & Gamble 0.02%
    • Reliance Industries Ltd 0.02%
    • 3M Co. 0.01%
    • Albemarle Corp. 0.01%
    • Altria Group Inc. 0.01%
    • Archer-Daniels-Midland Co. 0.01%
    • Asian Paints Ltd. 0.01%
    • Coca-Cola 0.01%
    • Daikin Industries Ltd 0.01%
    • Danone SA 0.01%
    • Eni Spa 0.01%
    • Givaudan SA 0.01%
    • International Flavors & Fragrances Inc. 0.01%
    • Koninklijke Ahold Delhaize Nv 0.01%
    • Lair Liquide Societe Anonyme Pour 0.01%
    • Loreal SA 0.01%
    • Mitsubishi Corp 0.01%
    • Mitsubishi Corp. 0.01%
    • Mondelez International Inc. 0.01%
    • Pepsico Inc 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

SuperLife Age Steps automatically sets the proportion of your investment in income and growth assets based on your age. As you get older, the proportion of your investment in more volatile growth assets will be reduced, lowering the expected size of the ups and downs in the value of your investment. This option may be suitable if you are saving for retirement (assumed to be age 65), and assumes you will continue to invest your savings and spend them over your retirement period.Your SuperLife Age Steps - Age 60 investment will be allocated 42.6% to income assets and 57.4% to growth assets.

Value $19M NZD
Period of data report 31st Dec. 2022
Members 1,315
Fund started 15th Sept. 2013
Total annual fund fees 0.6%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Other management and administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

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 0.02%
Alcohol 0.36%
Animal Cruelty 3.36%
Fossil Fuels 6.49%
Gambling 0.39%
GMOs 0.04%
Human Rights & Environmental Violations 2.64%
Palm Oil 0.03%
Tobacco 0.20%
Weapons 0.69%

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 0.35% 1.65%
2021 16.60% 21.94%
2020 -1.09% -6.1%
2019 5.56% 6.04%
2018 5.28% 4.04%
2017 5.86% 8.17%
2016 4.01% 4.31%
2015 11.09% 9.93%

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
    11.23%
  • Vanguard Total World Stock ETF
    United States International Equities
    7.78%
  • Vanguard S&P 500 ETF
    United States International Equities
    5.4%
  • Vanguard FTSE Europe ETF
    United States International Equities
    4.58%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    3.81%
  • Vanguard Global Infrastructure Index ETF
    Australia International Equities
    2.99%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    2.86%
  • Vanguard Mid-Cap ETF
    United States International Equities
    2.45%
  • Vanguard Small-Cap ETF
    United States International Equities
    2.07%
  • Vanguard Value ETF
    United States International Equities
    1.67%
Type Target Actual
Cash and Cash Equivalents 14.5% 7.686924%
New Zealand Fixed Interest 8.56% 16.585389%
International Fixed Interest 0.0% 17.627735%
Australasian Equities 37.12% 14.715957%
International Equities 17.64% 37.486287%
Listed Properties 2.9% 2.910005%
Unlisted Properties 16.38% 0.0%
Other 0.0% 2.987703%
Commodities 2.9% 0.0%

Investment Mix

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

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