SuperLife Ethica Fund

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Mindful Fund

Fund type: Balanced fund

Past Returns: 9.02%

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

Annual Fees: 0.6%

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

Alleghany Corp 0.01%
Ampol Ltd 0.03%
Apa Group 0.01%
Atmos Energy Corp 0.01%
Enbridge Inc 0.05%
Loews Corp 3.200000% 05/15/2030 0.07%
Texas Pacific Land Corp 0.01%
Valero Energy Corp 0.01%
Viva Energy Group Ltd 0.03%

Weapons

Amphenol Corp-Cl A 0.01%
Caci International Inc -Cl A 0.01%
Teledyne Technologies Inc 0.01%
Transdigm Group Inc 0.01%

Tobacco

Gambling

Adult Entertainment/Pornography

Alcohol

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Activision Blizzard 1.350000% 09/15/2030 0.06%
Activision Blizzard Inc 0.08%
Credit Suisse Group AG 0.650000% 09/10/2029 0.02%
Johnson & Johnson 0.31%
Johnson & Johnson 1.300000% 09/01/2030 0.03%
Johnson & Johnson 3.550000% 03/01/2036 0.05%
Motorola Solutions Inc 0.01%
Rio Tinto Ltd 0.06%
Uber Technologies Inc 0.01%

Animal Testing

Avantor Inc 0.03%
Church & Dwight Co Inc 0.03%
Coca-Cola Co/The 0.13%
Coca-Cola Co/The 0.400000% 05/06/2030 0.03%
Corteva Inc 0.03%
Coty Inc-Cl A 0.01%
Covestro AG 0.01%
Dupont De Nemours Inc 0.03%
Ecolab Inc 0.03%
Estee Lauder Co Inc 2.600000% 04/15/2030 0.01%
Estee Lauder Companies-Cl A 0.03%
Fmc Corp 0.03%
General Mills Inc 0.03%
Givaudan-Reg 0.05%
Glaxosmithkline Capital 5.250000% 12/19/2033 0.03%
Glaxosmithkline PLC 0.05%
Hermes International 0.05%
Hp Inc 0.03%
Hp Inc 2.650000% 06/17/2031 0.05%
Hp Inc 3.400000% 06/17/2030 0.02%
Huntsman Corp 0.01%
Ingersoll-Rand Inc 0.01%
Intl Flavors & Fragrances 0.03%
Johnson & Johnson 0.31%
Johnson & Johnson 1.300000% 09/01/2030 0.03%
Johnson & Johnson 3.550000% 03/01/2036 0.05%
Kellogg Co 0.01%
Kraft Heinz Co/The 0.01%
L'Oreal 0.05%
Mosaic Co/The 0.01%
Nufarm Ltd 0.03%
PPG Industries Inc 0.05%
Pepsico Inc 0.10%
Procter & Gamble Co/The 0.20%
Procter & Gamble Co/The 1.200000% 10/29/2030 0.04%
Pvh Corp 3.125000% 12/15/2027 0.04%
Ralph Lauren Corp 2.950000% 06/15/2030 0.04%
Reckitt Benckiser Group PLC 0.03%
Scotts Miracle-Gro Co 0.01%
Sherwin-Williams Co/The 0.08%
Shin-Etsu Chemical Co Ltd 0.03%
Tapestry Inc 0.03%
Tesco PLC 0.01%
Unilever PLC-Sponsored Adr 0.08%

This data is compiled by Mindful Money from the fund information and portfolios that each 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
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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Dimensional Global Sustainability Trust - NZD Hedged
    Australia International Equities
    23.2062%
  • Dimensional Global Bond Sustainability Trust NZD Class
    Australia Int Fixed Interest
    16.8343%
  • Dimensional Global Sustainability Trust Unhedged Cls Units
    Australia International Equities
    14.8463%
  • Dimensional Australian Sustainability Trust
    Australia Australasian Equities
    4.2915%
  • Vanguard International Property Securities Index Fund
    Australia Listed Property
    4.0519%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.9581%
  • Westpac Notice Constant Maturity Deposit
    New Zealand Cash and Equivalents AA-
    0.6826%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    0.6556%
  • New Zealand Government Bond
    New Zealand NZ Fixed Interest AAA
    0.6049%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    0.5617%

This information has been sourced from the quarterly data that each 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 1.0% 11.75%
New Zealand Fixed Interest 13.0% 10.83%
International Fixed Interest 26.0% 16.82%
Australasian Equities 14.5% 14.71%
International Equities 38.0% 38.03%
Listed Properties 7.5% 7.86%
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 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:
    0.01%
  • Animal Testing:
    2.98%
  • Fossil Fuels:
    0.57%
  • Gambling:
    0.02%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    0.83%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.03%
  • Weapons:
    0.34%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 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

"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 $120M NZD
Period of data report Thu March 31st 2022
Fund started Fri Oct. 28th 2016
Total annual fund fees 0.6%
Total performance based fees 0.0%
Manager's basic fee 0.59%
Other management and administration charges 0.01%
Total other charges 12.0
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 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.