SuperLife Default Fund

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Fund type: Balanced fund

Past Returns: No three year data yet

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

Annual Fees: 0.2%

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

Atmos Energy Corp 0.02%
Cheniere Energy Inc 0.04%
Eneos Holdings Inc 0.01%
Hong Kong and China Gas Ltd 0.02%
Itochu Corp 0.04%
Kinder Morgan Inc 0.05%
Loews Corp 0.02%
Marubeni Corp 0.02%
Neste 0.02%
Nippon Steel Corp 0.02%
Nippon Yusen 0.02%
Oneok Inc 0.04%
Pembina Pipeline Corp 0.03%
Snam 0.02%
Tokyo Gas Ltd 0.01%
Ugi Corp 0.01%
Valero Energy Corp 0.07%
Williams Inc 0.06%

Weapons

Gambling

Skycity Entertainment Group Ltd 0.30%

Adult Entertainment/Pornography

Live Nation Entertainment Inc 0.02%

Human Rights & Environmental Violations

Activision Blizzard Inc 0.07%
Bank Leumi Le Israel 0.02%
Motorola Solutions Inc 0.05%

Animal Testing

Akzo Nobel Nv 0.02%
Avantor Inc 0.03%
Beiersdorf AG 0.01%
Chr Hansen Holding 0.01%
Church and Dwight Inc 0.03%
Clorox 0.02%
Coca-Cola 0.33%
Croda International PLC 0.01%
Danone SA 0.05%
Ecolab Inc 0.06%
Fujifilm Holdings Corp 0.03%
General Mills Inc 0.05%
Givaudan SA 0.04%
Henkel & Kgaa Pref AG 0.01%
Hermes International 0.05%
Hp Inc 0.05%
Ingersoll Rand Inc 0.03%
International Flavors & Fragrances 0.04%
Kao Corp 0.02%
Kellogg 0.02%
Kerry Group PLC 0.02%
Keurig Dr Pepper Inc 0.04%
Kimberly Clark Corp 0.06%
Koninkilijke Dsm Nv 0.04%
Lair Liquide Societe Anonyme Pour 0.11%
Linde PLC 0.22%
Loreal SA 0.11%
Marubeni Corp 0.02%
Mosaic 0.03%
Nutrien Ltd 0.07%
PPG Industries Inc 0.03%
Pepsico Inc 0.29%
Procter & Gamble 0.44%
Reckitt Benckiser Group PLC 0.07%
Sherwin Williams 0.08%
Shiseido Ltd 0.02%
Svenska Cellulosa B 0.01%
Symrise AG 0.02%
Unicharm Corp 0.02%

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

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

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Ishares Core Msci World Ex Australia ESG Leaders ETF
    Australia International Equities
    33.1244%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    3.8972%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    3.5961%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    3.1006%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    2.9641%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    2.7236%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    2.5317%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    2.3634%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    2.0251%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    1.9908%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 14.0% 12.96%
New Zealand Fixed Interest 32.0% 31.98%
International Fixed Interest 0.0% 0.0%
Australasian Equities 17.0% 16.92%
International Equities 32.0% 33.16%
Listed Properties 5.0% 4.99%
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 Thu March 31st 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).

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:
    0.02%
  • Alcohol:
    0.00%
  • Animal Testing:
    2.72%
  • Fossil Fuels:
    0.54%
  • Gambling:
    0.30%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.14%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    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 Thu March 31st 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 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

"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 $370M NZD
Period of data report Thu March 31st 2022
Members 39,017
Fund started Wed Dec. 1st 2021
Total annual fund fees 0.2%
Total performance based fees 0.0%
Manager's basic fee 0.19%
Other management and administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Guy Roulston Elliffe

Currently: Director (6 years, 4 months)
Previously: Corporate Governance Manager - ACC (current position) (6 years, 11 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (2 years, 10 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (4 years, 1 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (6 years, 4 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 Thu March 31st 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.