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SuperLife Age Steps - Age 70

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Not Mindful
Type: Balanced fund
Past Returns: 1.66%

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 any membership and % management 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

Agl Energy Ltd 0.03%
Ameren Corporation 0.01%
Anglo American PLC 0.01%
Apa Group 0.01%
Beach Energy Ltd 0.01%
BHP Group Ltd 0.32%
BHP Group PLC 0.02%
BP P.L.C. 0.04%
BP PLC 0.01%
Caltex Australia Ltd 0.02%
Chevron Corporation 0.06%
Cnooc Limited 0.01%
Diamondback Energy Inc 011224 2.875 Cb 0.02%
Dominion Energy Gas Holdings Llc 150621 Frn 0.02%
Dominion Energy Inc 0.02%
Dte Energy Company 0.01%
Enbridge Inc 180222 Frn 0.03%
Energy Transfer Partner Lp 150424 4.50 Cb 0.01%
Eni S.P.A. 0.01%
Eqt Corp 011022 3.00 Cb 0.01%
Exxon Mobil Corporation 0.08%
Firstenergy Corp. 0.01%
Gazprom PJSC 0.02%
Nextera Energy Capital Holdings Inc 250222 2.399250 Cb 0.02%
Nextera Energy, Inc. 0.04%
Oil Company Lukoil PJSC 0.02%
Origin Energy Ltd 0.01%
Petrobras Global Finance Bv 150130 5.093 Cb 0.03%
Petrobras Global Finance Bv 170344 7.25 Cb 0.01%
Reliance Industries Limited 0.03%
Reliance Industries Ltd 0.01%
Royal Dutch Shell PLC Class A 0.03%
Royal Dutch Shell PLC Class B 0.03%
Santos Ltd 0.01%
South32 Ltd 0.03%
Total SA 0.05%
Washington H Soul Pattinson & Co Ltd 0.01%
Wec Energy Group Inc 0.02%
Whitehaven Coal Ltd 0.01%
Woodside Petroleum Ltd 0.08%

Weapons

Airbus Se 0.02%
Boeing Company 0.02%
Honeywell International Inc. 0.04%
Lockheed Martin Corporation 0.02%
Northrop Grumman Corporation 0.01%
Raytheon Technologies Corporation 0.04%
Safran S.A. 0.01%
Textron Inc. 15/3/2026 0.02%
Transdigm Group Incorporated 0.01%

Tobacco

Altria Group Inc 0.04%
British American Tobacco P.L.C. 0.04%
Japan Tobacco Inc. 0.01%
Philip Morris International Inc. 0.04%

Gambling

Crown Resorts Ltd 0.01%
Las Vegas Sands Corp 250625 2.90 Cb 0.02%
Sands China Ltd 080828 5.4 Cb 0.02%
Skycity Entertainment Group Ltd 0.13%
Star Entertainment Grp Ltd 0.01%
Tabcorp Holdings Ltd 0.03%

Alcohol

Altria Group Inc 0.03%
Anheuser-Busch Inbev Finance Inc. 17/1/2023 0.07%
Anheuser-Busch Inbev SA/Nv 0.02%
Anheuser-Busch Inbev Worldwide Inc. 15/7/2022 0.06%
Bacardi Ltd 150121 4.5 Cb 0.01%
Diageo PLC 0.04%
Heineken Nv 0.01%
LVMH 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.05%
Pernod Ricard SA 0.02%

Palm Oil

GMOs

Basf Se 0.02%
Bayer AG 0.03%
Novartis AG 0.09%
Syngenta Finance AG 240420 3.698 Cb 0.02%

Human Rights & Environmental Violations

BHP Group Ltd 0.32%
BHP Group PLC 0.02%
Chevron Corporation 0.06%
Duke Energy Corporation 0.02%
Johnson & Johnson 0.17%
Nestle S.A. 0.15%
Nestle SA 0.05%
Rio Tinto Limited 0.01%
Rio Tinto Ltd 0.14%
Rio Tinto PLC 0.03%
Royal Dutch Shell PLC Class A 0.03%
Royal Dutch Shell PLC Class B 0.03%
Vale S.A. 0.01%

Animal Testing

Air Liquide SA Temp 0.020%
Air Products and Chemicals, Inc. 0.010%
Altria Group Inc 0.020%
Basf Se 0.020%
Bayer AG 0.030%
Bayer US Finance Ii Llc 15/8/2025 0.050%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.020%
British American Tobacco P.L.C. 0.040%
Chevron Corporation 0.060%
Church & Dwight Co., Inc. 0.010%
Clorox Company 0.020%
Coca-Cola Company 0.060%
Colgate-Palmolive Company 0.010%
Danone SA 0.020%
Danone SA 021121 2.077 Cb 0.020%
General Mills Inc 160421 Frn 0.010%
Givaudan SA 0.020%
Glaxosmithkline PLC 0.060%
Hindustan Unilever Limited 0.020%
Honeywell International Inc. 0.040%
International Flavors and Fragrances Inc 250920 3.40 Cb 0.020%
Johnson & Johnson 0.170%
Koninklijke Dsm N.V. 0.010%
L'Oreal SA 0.010%
L'Oreal SA Temp 0.020%
LVMH 0.020%
LVMH Moet Hennessy Louis Vuitton Se 0.050%
Nestle S.A. 0.150%
Nestle SA 0.050%
Pepsico Inc. 19/3/2030 0.030%
Pepsico, Inc. 0.070%
Philip Morris International Inc. 0.040%
Procter & Gamble 0.010%
Procter & Gamble Company 0.110%
Reckitt Benckiser Group PLC 0.030%
Reckitt Benckiser Treasury Services PLC 240622 2.375 Cb 0.050%
Royal Dutch Shell PLC Class A 0.030%
Royal Dutch Shell PLC Class B 0.030%
Shiseido Company,Limited 0.010%
Syngenta Finance AG 240420 3.698 Cb 0.020%
Tesco PLC 0.010%
Tesco Property Finance PLC 130744 Sf 0.050%
Unilever Nv 0.040%
Unilever PLC 0.030%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

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
2020 -1.89% -3.7%
2019 5.68% 5.08%
2018 5.63% 3.59%
2017 6.10% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Vanguard International Credit Securities Index Fund Hedged
    Australia Int Fixed Interest
    12.9%
  • Vanguard S&P 500 ETF
    United States International Equities
    4.264%
  • Vanguard FTSE Europe ETF
    United States International Equities
    3.904%
  • Ishares Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    3.228%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    3.092%
  • Vanguard FTSE Pacific ETF
    United States International Equities
    2.552%
  • Westpac Current Account
    New Zealand Cash and Equivalents A-1+
    2.232%
  • Westpac Constant Maturity Deposit
    New Zealand Cash and Equivalents
    2.188%
  • Vanguard Mid-Cap ETF
    United States International Equities
    2.188%
  • Vanguard Value ETF
    United States International Equities
    2.136%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 21.0% 23.21%
New Zealand Fixed Interest 14.0% 11.95%
International Fixed Interest 26.0% 25.8%
Australasian Equities 10.0% 10.8%
International Equities 26.0% 25.8%
Listed Properties 3.0% 2.44%
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 Tue June 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.62%
  • Animal Testing:
    2.56%
  • Fossil Fuels:
    2.58%
  • Gambling:
    0.31%
  • GMOs:
    0.29%
  • Human Rights & Environmental Violations:
    1.38%
  • Palm Oil:
    0.05%
  • Tobacco:
    0.23%
  • 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 Tue March 31st 2020 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

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 $1.7M NZD
Period of data report Tue June 30th 2020
Members 46
Fund started Sun Sept. 15th 2013
Total annual fund fees 0.58%
Total performance based fees 0.0%
Manager's basic fee 0.47%
Administration charges 0.11%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Guy Roulston Elliffe

Currently: Director (4 years, 7 months)
Previously: Corporate Governance Manager - ACC (current position) (5 years, 2 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (1 years, 1 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

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

Alister John Williams

Currently: Director (4 years, 7 months)
Previously: Investment Manager - Trust Management (5 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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.