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SuperLife Age Steps - Age 70

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Fund type: Balanced fund

Past Returns: 4.07%

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

Annual Fees: 0.58%

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 0.36%
Genesis Energy Ltd 5.00% 3/04/2025 0.35%
BHP Group Ltd 0.30%
Contact Energy 07/11/22 Promissory Note 0.26%
Genesis Energy Ltd 251122 Pnote 0.17%
Nextera Energy Inc. 0.17%
Shell PLC 0.11%
Exxon Mobil Corp. 0.10%
Contact Energy Ltd 5.82% 11/04/2028 0.09%
Genesis Energy Ltd 0.09%
Woodside Energy Group Ltd 0.09%
Chevron Corp. 0.07%
Contact Energy Ltd 3.55% 15/08/2024 0.06%
Duke Energy Corp. 0.06%
Enbridge Inc. 0.06%
Southern Co. 0.06%
BHP Group Ltd. 0.05%
Dominion Energy Inc. 0.05%
American Electric Power Co. Inc. 0.04%
BP PLC 0.04%
Cheniere Energy Inc. 0.04%
Conocophillips 0.04%
Consolidated Edison Inc. 0.04%
National Grid PLC 0.04%
Reliance Industries Ltd. 0.04%
Santos Ltd 0.04%
Sempra Energy 0.04%
Totalenergies Se 0.04%
Whitehaven Coal Ltd 0.04%
Ampol Ltd 0.03%
Genesis Energy Ltd 5.81% 8/03/2023 0.03%
Kinder Morgan Inc. 0.03%
Tc Energy Corp. 0.03%
Washington H Soul Pattinson & Co Ltd 0.03%
Williams Cos. Inc. 0.03%
Xcel Energy Inc. 0.03%
Agl Energy Ltd 0.02%
Ameren Corp. 0.02%
Entergy Corp. 0.02%
Fortis Inc./Canada 0.02%
Glencore PLC 0.02%
Iberdrola SA 0.02%
Oneok Inc. 0.02%
Petroleo Brasileiro SA 0.02%
Pg&E Corp. 0.02%
Ppl Corp. 0.02%
Public Service Enterprise Group Inc. 0.02%
South32 Ltd 0.02%
Totalenergies 0.02%
Vale SA 0.02%
Wec Energy Group Inc. 0.02%
Alliant Energy Corp. 0.01%
Anglo American PLC 0.01%
Apa Group 0.01%
Atmos Energy Corp. 0.01%
Clp Holdings Ltd. 0.01%
Cms Energy Corp. 0.01%
Devon Energy Corp. 0.01%
Enel Spa 0.01%
Equinor Asa 0.01%
Evergy Inc. 0.01%
Hess Corp. 0.01%
Itochu Corp. 0.01%
Mitsubishi Corp. 0.01%
Mitsui & Co. Ltd. 0.01%
Pembina Pipeline Corp. 0.01%
Reliance Industries Ltd 0.01%
Saudi Arabian Oil Co. 0.01%
Targa Resources Corp. 0.01%
Woodside Energy Group Ltd. 0.01%

Weapons

Walmart Inc. 0.05%
Raytheon Technologies Corp. 0.02%
Airbus Se 0.01%
Amphenol Corp. 0.01%
Honeywell International Inc. 0.01%
Lockheed Martin Corp. 0.01%
Walmart Inc 0.01%

Tobacco

British American Tobacco PLC 0.03%
Philip Morris International Inc. 0.03%

Gambling

Skycity Entertainment Group Ltd 0.13%
Aristocrat Leisure Ltd 0.03%
Vici Properties Inc. 0.01%

Adult Entertainment/Pornography

Alcohol

Diageo PLC 0.04%
Metcash Ltd 0.02%
Anheuser-Busch Inbev SA/Nv 0.01%
Pernod Ricard SA 0.01%

Palm Oil

GMOs

Corteva Inc. 0.01%

Human Rights & Environmental Violations

BHP Group Ltd 0.30%
Nestle SA 0.16%
Johnson & Johnson 0.14%
Shell PLC 0.11%
Meta Platforms Inc. 0.09%
Chevron Corp. 0.07%
Duke Energy Corp. 0.06%
Rio Tinto Ltd 0.06%
BHP Group Ltd. 0.05%
Thermo Fisher Scientific Inc. 0.05%
Wells Fargo & Co. 0.04%
Credit Suisse Group AG 4.55% 17/04/2026 0.03%
Bayer AG 0.02%
Credit Suisse Group AG 4.207% 12/06/2024 0.02%
Credit Suisse Group AG 6.537% 12/08/2033 0.02%
Credit Suisse New York 3.70% 21/02/2025 0.02%
Glencore PLC 0.02%
Petroleo Brasileiro SA 0.02%
Pg&E Corp. 0.02%
Raytheon Technologies Corp. 0.02%
Rio Tinto PLC 0.02%
Vale SA 0.02%
Basf Se 0.01%
Corteva Inc. 0.01%
Credit Suisse Group AG 1.00% 24/06/2027 0.01%
Credit Suisse Group AG 6.375% #N/A Field Not Applicable 0.01%
Lockheed Martin Corp. 0.01%
Motorola Solutions Inc. 0.01%
Wells Fargo & Company 3.526% 24/03/2028 0.01%

Animal Testing

Nestle SA 0.16%
Shell PLC 0.11%
Exxon Mobil Corp. 0.10%
Procter & Gamble Co. 0.08%
Chevron Corp. 0.07%
Coca-Cola Co. 0.07%
Pepsico Inc. 0.07%
LVMH Moet Hennessy Louis Vuitton Se 0.06%
Unilever PLC 0.05%
Reliance Industries Ltd. 0.04%
British American Tobacco PLC 0.03%
Air Liquide SA 0.02%
Bayer AG 0.02%
Cie Financiere Richemont SA 0.02%
L'Oreal SA 0.02%
LVMH 0.02%
Orica Ltd 0.02%
Philip Morris International Inc. 0.02%
Albemarle Corp. 0.01%
Basf Se 0.01%
Corteva Inc. 0.01%
Daikin Industries Ltd. 0.01%
Hermes International 0.01%
Hindustan Unilever Ltd. 0.01%
Honeywell International Inc. 0.01%
Kering SA 0.01%
Mitsubishi Corp. 0.01%
Pepsico Inc 0.01%
Ping An Insurance Group Co. Of China Ltd. 0.01%
Procter & Gamble 0.01%
Reliance Industries Ltd 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% 0.22%
2021 16.60% 15.68%
2020 -1.09% -3.7%
2019 5.56% 5.08%
2018 5.28% 3.59%
2017 5.86% 6.41%
2016 4.01% 3.81%
2015 11.09% 8.5%

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:

  • Ishares Core Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    16.24%
  • Vanguard Total World Stock ETF
    United States International Equities
    4.94%
  • Vanguard S&P 500 ETF
    United States International Equities
    3.58%
  • Vanguard FTSE Europe ETF
    United States International Equities
    2.97%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    2.84%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    2.08%
  • New Zealand Government 0.50% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    1.84%
  • Vanguard Mid-Cap ETF
    United States International Equities
    1.82%
  • Vanguard Global Infrastructure Index ETF
    Australia International Equities
    1.78%
  • Vanguard Small-Cap ETF
    United States International Equities
    1.54%

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 18.4% 11.1675%
New Zealand Fixed Interest 16.8% 23.8085%
International Fixed Interest 25.2% 25.2217%
Australasian Equities 9.9% 10.0759%
International Equities 25.7% 25.988%
Listed Properties 2.0% 1.9571%
Unlisted Properties 0.0% 0.0%
Other 2.0% 1.7814%
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:
    0.01%
  • Alcohol:
    0.26%
  • Animal Testing:
    2.35%
  • Fossil Fuels:
    5.08%
  • Gambling:
    0.27%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    1.94%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.14%
  • Weapons:
    0.49%

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

"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 70 investment will be allocated 60.4% to income assets and 39.6% to growth assets."

Value $2.5M NZD
Period of data report Fri Sept. 30th 2022
Members 259
Fund started Sun Sept. 15th 2013
Total annual fund fees 0.58%
Total performance based fees 0.0%
Manager's basic fee 0.58%
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.

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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.