Funds

SuperLife Default Fund

Find a Mindful Ethical fund »

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

    • Contact Energy Ltd 0.88%
    • Genesis Energy Ltd 0.22%
    • Contact Energy 07/11/22 Promissory Note 0.21%
    • Genesis Energy Ltd 251122 Pnote 0.13%
    • Valero Energy Corp 0.07%
    • Sempra 0.06%
    • Cheniere Energy Inc 0.05%
    • Kinder Morgan Inc 0.05%
    • National Grid PLC 0.05%
    • Williams Inc 0.05%
    • Consolidated Edison Inc 0.04%
    • Itochu Corp 0.04%
    • Oneok Inc 0.04%
    • Genesis Energy Ltd 5.81% 8/03/2023 0.03%
    • Neste 0.03%
    • Pembina Pipeline Corp 0.03%
    • Atmos Energy Corp 0.02%
    • Eneos Holdings Inc 0.02%
    • Fortis Inc 0.02%
    • Loews Corp 0.02%
    • Marubeni Corp 0.02%
    • Nippon Steel Corp 0.02%
    • Eqt 0.01%
    • Hong Kong and China Gas Ltd 0.01%
    • Snam 0.01%

  • Weapons

    • Mtu Aero Engines Holding AG 0.01%

  • Gambling

    • Skycity Entertainment Group Ltd 0.31%

  • Human Rights & Environmental Violations

    • Thermo Fisher Scientific Inc 0.27%
    • Caterpillar Inc 0.16%
    • Activision Blizzard Inc 0.07%
    • Motorola Solutions Inc 0.05%
    • Nutrien Ltd 0.05%
    • Bank Leumi Le Israel 0.02%

  • Animal Cruelty

    • Procter & Gamble 0.43%
    • Coca-Cola 0.32%
    • Pepsico Inc 0.31%
    • Loreal SA 0.11%
    • Lair Liquide Societe Anonyme Pour 0.09%
    • Sherwin Williams 0.08%
    • General Mills Inc 0.06%
    • Hermes International 0.06%
    • Daikin Industries Ltd 0.05%
    • Ecolab Inc 0.05%
    • Kimberly Clark Corp 0.05%
    • Nutrien Ltd 0.05%
    • Danone SA 0.04%
    • Givaudan SA 0.04%
    • Keurig Dr Pepper Inc 0.04%
    • Koninklijke Ahold Delhaize Nv 0.04%
    • PPG Industries Inc 0.04%
    • International Flavors & Fragrances 0.03%
    • Koninkilijke Dsm Nv 0.03%
    • Mosaic 0.03%
    • Shiseido Ltd 0.03%
    • Ajinomoto Inc 0.02%
    • Akzo Nobel Nv 0.02%
    • Avantor Inc 0.02%
    • Church and Dwight Inc 0.02%
    • Clorox 0.02%
    • Essity Class B 0.02%
    • Fujifilm Holdings Corp 0.02%
    • Hormel Foods Corp 0.02%
    • Kao Corp 0.02%
    • Kellogg 0.02%
    • Kerry Group PLC 0.02%
    • Rentokil Initial PLC 0.02%
    • Sgs SA 0.02%
    • Symrise AG 0.02%
    • Unicharm Corp 0.02%
    • Beiersdorf AG 0.01%
    • Burberry Group PLC 0.01%
    • Campbell Soup 0.01%
    • Croda International PLC 0.01%
    • Henkel & Kgaa Pref AG 0.01%
    • Moncler 0.01%
    • Novozymes B 0.01%
    • Solvay SA 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

The SuperLife Default Fund invests in a mix of income and growth assets. Designed for investors that want a balanced investment option. Excludes investments in illegal weapons (cluster munitions, anti-personnel mines and nuclear explosive devices) and fossil fuel production. Negative annual returns may occur once in every 5 - 7 years on average. The fund is a Default KiwiSaver Fund

Value $390M NZD
Period of data report 31st Dec. 2022
Members 45,381
Fund started 1st Dec. 2021
Total annual fund fees 0.2%
Total performance based fees 0.0%
Manager's basic fee 0.2%
Other management and administration charges 0.0%
Total other charges 0.0
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 0.00%
Animal Cruelty 2.53%
Fossil Fuels 2.21%
Gambling 0.31%
GMOs 0.00%
Human Rights & Environmental Violations 0.64%
Palm Oil 0.00%
Tobacco 0.00%
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

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 Msci World Ex Australia ESG Leaders ETF
    Australia International Equities
    31.14%
  • New Zealand Government 5.50% 15/04/2023
    New Zealand NZ Fixed Interest AAA
    3.78%
  • New Zealand Government 0.50% 15/05/2024
    New Zealand NZ Fixed Interest AAA
    3.68%
  • New Zealand Government 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AAA
    3.68%
  • New Zealand Government 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    3.67%
  • New Zealand Government 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    3.22%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    2.53%
  • New Zealand Government 0.50% 15/05/2026
    New Zealand NZ Fixed Interest AAA
    2.47%
  • New Zealand Government 1.50% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    2.41%
  • New Zealand Government 3.50% 14/04/2033
    New Zealand NZ Fixed Interest AAA
    2.35%
Type Target Actual
Cash and Cash Equivalents 16.19047619% 9.59193%
New Zealand Fixed Interest 8.571428571% 37.05618%
International Fixed Interest 30.47619048% 0.0%
Australasian Equities 0.0% 17.109878%
International Equities 4.761904762% 31.163741%
Listed Properties 35.23809524% 5.078271%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 4.761904762% 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.