SuperLife Age Steps - Age 80

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Type: Defensive fund
Past Returns: 3.12%

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

Annual Fees: 0.56%

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

BHP Group Ltd 0.03%
BP Capital Markets America Inc. 0.02%
Coca-Cola Amatil Ltd 0.01%
Diamondback Energy Inc 011224 2.875 Cb 0.03%
Enbridge Inc 180222 Frn 0.04%
Energy Transfer Partner Lp 150424 4.50 Cb 0.01%
Genesis Energy Ltd 0.03%
Genesis Energy Ltd 03/04/25 5.00% Cb 0.36%
Genesis Energy Ltd 08/03/23 5.81% Gb 0.20%
Genesis Energy Ltd 20/07/22 1.32% Gb 0.09%
Occidental Petroleum Corp 150822 Frn 0.02%
Oil Search Ltd 0.01%
Petrobras Global Finance Bv 150130 5.093 Cb 0.02%
Petrobras Global Finance Bv 170344 7.25 Cb 0.01%
Petroleos Mexicanos 210947 6.75 Gb 0.01%
Saudi Arabian Oil Co 160422 2.75 Cb 0.02%

Weapons

Boeing Co. 0.02%

Tobacco

Gambling

Las Vegas Sands Corp 250625 2.90 Cb 0.03%
Sands China Ltd 080828 5.4 Cb 0.02%
Skycity Entertainment Group Ltd 0.04%
Tabcorp Holdings Ltd 0.01%

Alcohol

Anheuser-Busch Cos. Llc / Anheuser-Busch Inbev Worldwide Inc. 0.01%
Coca-Cola Amatil Ltd 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.01%

Palm Oil

GMOs

Human Rights & Environmental Violations

BHP Group Ltd 0.03%
Johnson & Johnson 0.04%
Nestle S.A. 0.03%
Rio Tinto Ltd 0.01%

Animal Testing

Bayer US Finance Ii Llc 151228 4.375 Cb 0.020%
Coca-Cola Amatil Ltd 0.010%
Johnson & Johnson 0.020%
LVMH Moet Hennessy Louis Vuitton Se 0.010%
Nestle S.A. 0.020%
Nestle SA 0.010%
Procter & Gamble Company 0.010%
Reckitt Benckiser Treasury Services PLC 240622 2.375 Cb 0.060%
Tesco Property Finance PLC 130744 Sf 0.060%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.

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
2021 1.53% 5.62%
2020 1.60% 0.32%
2019 2.29% 3.43%
2018 2.00% 2.81%
2017 1.53% 3.43%
2016 2.72% 2.88%
2015 4.23% 6.17%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Vanguard International Credit Securities Index Fund Hedged
    Australia Int Fixed Interest
    19.728%
  • Ishares Global Aggregate Bond Ucits ETF
    Ireland Int Fixed Interest
    4.8853%
  • Bank Of China Ltd 03/10/23 4.34% Td
    New Zealand Cash and Equivalents A1
    2.199%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    1.3515%
  • New Zealand Government 20/09/25 2.0% Ib
    New Zealand NZ Fixed Interest AAA
    1.0345%
  • Vanguard S&P 500 ETF
    United States International Equities
    1.0194%
  • Vanguard FTSE Europe ETF
    United States International Equities
    0.9167%
  • Fonterra Co-Operative Group Ltd 08/10/21 Frn
    New Zealand Cash and Equivalents A-
    0.898%
  • New Zealand Local Government Funding Agency 15/05/21 6.00% Gb
    New Zealand Cash and Equivalents AAA
    0.8316%
  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    0.7867%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 31.0% 32.7%
New Zealand Fixed Interest 20.0% 18.52%
International Fixed Interest 38.0% 38.93%
Australasian Equities 3.0% 2.61%
International Equities 7.0% 6.61%
Listed Properties 1.0% 0.63%
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 Wed March 31st 2021.

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).

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:
    0.30%
  • Animal Testing:
    1.41%
  • Fossil Fuels:
    2.29%
  • Gambling:
    0.15%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    0.49%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.14%
  • Weapons:
    0.29%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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 80 investment will be allocated 90% to income assets and 10% to growth assets."

Value $6.3k NZD
Period of data report Wed March 31st 2021
Members 1
Fund started Sun Sept. 15th 2013
Total annual fund fees 0.56%
Total performance based fees 0.0%
Manager's basic fee 0.55%
Other management and administration charges 0.01%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Guy Roulston Elliffe

Currently: Director (5 years, 4 months)
Previously: Corporate Governance Manager - ACC (current position) (5 years, 11 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (1 years, 10 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (3 years, 1 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (5 years, 4 months)
Previously: Investment Manager - Trust Management (6 years, 2 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

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.