Funds
SuperLife Ethica 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 0.45%
- Genesis Energy Ltd 5.00% 3/04/2025 0.22%
- Contact Energy 07/11/22 Promissory Note 0.20%
- Genesis Energy Ltd 251122 Pnote 0.12%
- Genesis Energy Ltd 0.11%
- Loews Corp 3.200000% 05/15/2030 0.07%
- Valero Energy Corp 0.07%
- Contact Energy Ltd 5.82% 11/04/2028 0.06%
- Enbridge Inc 0.05%
- Marathon Petroleum Corp 0.05%
- Ampol Ltd 0.04%
- Channel Infrastructure NZ Ltd 0.04%
- Contact Energy Ltd 3.55% 15/08/2024 0.04%
- Apa Group 0.03%
- Consolidated Edison Inc 0.03%
- Constellation Energy 0.03%
- Genesis Energy Ltd 5.81% 8/03/2023 0.03%
- Hf Sinclair Corp 0.03%
- Iberdrola SA 0.03%
- Sempra Energy 0.03%
- Texas Pacific Land Corp 0.03%
- Viva Energy Group Ltd 0.03%
- Atmos Energy Corp 0.01%
- Continental Resources 5.750000% 01/15/2031 0.01%
- Esb Finance Dac 1.875000% 06/14/2031 0.01%
- Neste Oyj 0.01%
- Phillips 66 0.01%
Weapons
- Walmart Inc 0.17%
- Dick'S Sporting Goods 3.150000% 01/15/2032 0.06%
- Booz Allen Hamilton Holdings 0.03%
- Amphenol Corp-Cl A 0.01%
- Caci International Inc -Cl A 0.01%
- Science Applications Inte 0.01%
- Teledyne Technologies Inc 0.01%
- Transdigm Group Inc 0.01%
- Walmart Inc 5.625000% 03/27/2034 0.01%
GMOs
- Corteva Inc 0.05%
Human Rights & Environmental Violations
- Meta Platforms Inc-Class A 0.39%
- Johnson & Johnson 0.34%
- Rio Tinto Ltd 0.11%
- Thermo Fisher Scientific Inc 0.10%
- Activision Blizzard Inc 0.08%
- Caterpillar Inc 0.07%
- Thermo Fisher Scientific 2.375000% 04/15/2032 0.07%
- Credit Suisse New York 2.950000% 04/09/2025 0.06%
- Rio Tinto PLC 0.06%
- Corteva Inc 0.05%
- Johnson & Johnson 3.550000% 03/01/2036 0.05%
- Wells Fargo & Co 0.05%
- Credit Suisse Group AG 0.650000% 09/10/2029 0.03%
- Fmc Corp 0.03%
- Motorola Solutions Inc 0.03%
- Thermo Fisher Scientific 2.800000% 10/15/2041 0.03%
- Nufarm Ltd 0.02%
- Wells Fargo & Company 2.500000% 05/02/2029 0.02%
- Thermo Fisher Scientific 1.950000% 07/24/2029 0.01%
- Uber Technologies Inc 0.01%
- Wells Fargo & Company 0.625000% 08/14/2030 0.01%
- Wells Fargo & Company 3.000000% 04/22/2026 0.01%
Animal Cruelty
- Procter & Gamble Co/The 0.20%
- Coca-Cola Co/The 0.11%
- Pepsico Inc 0.11%
- Unilever PLC-Sponsored Adr 0.10%
- Sherwin-Williams Co/The 0.08%
- Colgate-Palmolive Co 0.06%
- 3M Co 0.05%
- Corteva Inc 0.05%
- Estee Lauder Companies-Cl A 0.05%
- General Mills Inc 0.05%
- Hermes International 0.05%
- Koninklijke Ahold Delhaize N 0.05%
- L'Oreal 0.05%
- Ralph Lauren Corp 2.950000% 06/15/2030 0.04%
- Avantor Inc 0.03%
- Church & Dwight Co Inc 0.03%
- Coca-Cola Co/The 0.400000% 05/06/2030 0.03%
- Ecolab Inc 0.03%
- Fmc Corp 0.03%
- Kering 0.03%
- Orica Ltd 0.03%
- PPG Industries Inc 0.03%
- Pvh Corp 3.125000% 12/15/2027 0.03%
- Tapestry Inc 0.03%
- Colgate-Palmolive Co 0.300000% 11/10/2029 0.02%
- Graincorp Ltd-A 0.02%
- Jab Holdings Bv 1.000000% 07/14/2031 0.02%
- Nufarm Ltd 0.02%
- Campbell Soup Co 0.01%
- Clorox Company 0.01%
- Dupont De Nemours Inc 0.01%
- Estee Lauder Co Inc 2.600000% 04/15/2030 0.01%
- Kellogg Co 0.01%
- Keurig Dr Pepper Inc 0.01%
- Kraft Heinz Co/The 0.01%
- Mosaic Co/The 0.01%
- Procter & Gamble Co/The 1.200000% 10/29/2030 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each 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
Invests in a mix of income and growth assets and is designed for investors that want a balanced investment option. A socially responsible fund which excludes assets that do not meet the fund's defined ethical investment standards. Negative annual returns may occur once in every 5-7 years on average.
SuperLife provides KiwiSaver, investment, superannuation and insurance solutions to over 50,000 members. For over 15 years we have focused on what matters most to our members: a passive investment philosophy, low fees, flexibility, transparency and exceptional customer service. SuperLife is managed by Smartshares Limited, which is a wholly-owned subsidiary of NZX Limited.
| Value | $110M NZD |
| Period of data report | 30th Sept. 2022 |
| Fund started | 28th Oct. 2016 |
| Total annual fund fees | 0.6% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.58% |
| Other management and administration charges | 0.02% |
| Total other charges | 12.0 |
| Total other charges currency | NZD |
Key Personnel
|
Guy Roulston Elliffe |
Currently: Director (6 years, 10 months) |
|
Stuart Kenneth Reginald Millar |
Currently: Chief Investment Officer - Smartshares (3 years, 4 months) |
|
Hugh Duncan Stevens |
Currently: Chief Executive Officer - Smartshares (4 years, 7 months) |
|
Alister John Williams |
Currently: Director (6 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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 | 2.32% | |
| Fossil Fuels | 2.14% | |
| Gambling | 0.02% | |
| GMOs | 0.04% | |
| Human Rights & Environmental Violations | 1.74% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.02% | |
| Weapons | 0.59% |
This data is compiled by Mindful Money from the fund information and portfolios
that each 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
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 |
|---|---|---|
| 2022 | 0.34% | 2.99% |
| 2021 | 17.46% | 27.74% |
| 2020 | -1.59% | -3.68% |
| 2019 | 4.47% | 6.49% |
| 2018 | 4.41% | 2.65% |
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 fund has filed with Disclose register to 30th Sept. 2022.
Top 10 Investments
-
Dimensional Global Sustainability Trust NZD Hedged Class
Australia International Equities23.19% -
Dimensional Global Bond Sustainability Trust NZD Class
Australia Int Fixed Interest16.95% -
Dimensional Global Sustainability Trust Unhedged Class
Australia International Equities14.56% -
Dimensional Australian Sustainability Trust
Australia Australasian Equities4.26% -
Vanguard International Property Securities Index Fund
Australia Listed Property3.11% -
New Zealand Government 0.50% 15/05/2024
New Zealand NZ Fixed Interest AAA1.16% -
New Zealand Government 5.50% 15/04/2023
New Zealand NZ Fixed Interest AAA0.88% -
New Zealand Government 2.75% 15/04/2025
New Zealand NZ Fixed Interest AAA0.81% -
New Zealand Government 4.50% 15/04/2027
New Zealand NZ Fixed Interest AAA0.79% -
New Zealand Government 3.00% 20/04/2029
New Zealand NZ Fixed Interest AAA0.72%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 1.0% | 8.712% |
| New Zealand Fixed Interest | 13.0% | 14.9905% |
| International Fixed Interest | 26.0% | 16.922% |
| Australasian Equities | 14.5% | 14.8084% |
| International Equities | 38.0% | 37.6783% |
| Listed Properties | 7.5% | 6.8887% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 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 fund has filed with Disclose register to 30th Sept. 2022.