SuperLife Income

Not Mindful

Type: Defensive fund

Past Returns: 2.88%

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

Annual Fees: 0.46%

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

Anglo American Capital PLC 0.02%
BP Capital Markets America Inc. 0.03%
BP Capital Markets PLC 0.02%
Coca-Cola Co. 0.01%
Diamondback Energy Inc 011224 2.875 Cb 0.05%
Enbridge Inc 180222 Frn 0.06%
Energy Transfer Partner Lp 150424 4.50 Cb 0.02%
Eni Spa 0.02%
Equinor Asa 0.01%
Exxon Mobil Corp. 0.01%
Genesis Energy Ltd 03/04/25 5.00% Cb 0.59%
Genesis Energy Ltd 08/03/23 5.81% Gb 0.33%
Genesis Energy Ltd 20/07/22 1.32% Gb 0.15%
Kazmunaygas National Co. Jsc 0.01%
Lyb International Finance Ii Bv 0.01%
Mplx Lp 0.01%
Naturgy Finance Bv 0.01%
Nederlandse Gasunie Nv 0.01%
Occidental Petroleum Corp 150822 Frn 0.03%
Pertamina Persero Pt 0.01%
Perusahaan Perseroan Persero Pt Perusahaan Listrik Negara 0.02%
Petrobras Global Finance Bv 150130 5.093 Cb 0.04%
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 0.03%
Saudi Arabian Oil Co. 0.02%
Shell International Finance Bv 0.01%
Sinopec Group Overseas Development 2017 Ltd. 0.01%
Sinopec Group Overseas Development 2018 Ltd. 0.01%

Weapons

Airbus Se 0.01%
Boeing Co. 0.05%

Tobacco

Gambling

Las Vegas Sands Corp 250625 2.90 Cb 0.05%
Sands China Ltd 080828 5.4 Cb 0.03%

Alcohol

Anheuser-Busch Cos. Llc / Anheuser-Busch Inbev Worldwide Inc. 0.02%
Anheuser-Busch Inbev SA/Nv 0.04%
Anheuser-Busch Inbev Worldwide Inc. 0.02%
Constellation Brands Inc. 0.01%
Diageo Finance PLC 0.01%
Heineken Nv 0.02%
LVMH Moet Hennessy Louis Vuitton Se 0.01%

Palm Oil

Human Rights & Environmental Violations

Bayer AG 0.01%
Johnson & Johnson 0.01%
Nestle Finance International Ltd. 0.01%
Shell International Finance Bv 0.01%

Animal Testing

Bayer AG 0.010%
Bayer US Finance Ii Llc 0.020%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.030%
Coca-Cola Co. 0.010%
Glaxosmithkline Capital PLC 0.010%
Johnson & Johnson 0.010%
Lyb International Finance Ii Bv 0.010%
Nestle Finance International Ltd. 0.010%
Reckitt Benckiser Treasury Services PLC 240622 2.375 Cb 0.090%
Shell International Finance Bv 0.010%
Tesco Property Finance PLC 130744 Sf 0.100%

This data is compiled by Mindful Money from the fund information and portfolios that each 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	1.23%	3.35%
2020	0.88%	1.81%
2019	2.43%	3.49%
2018	1.98%	2.98%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

Vanguard International Credit Securities Index Fund Hedged
Australia Int Fixed Interest

32.88%
Ishares Global Aggregate Bond Ucits ETF
Ireland Int Fixed Interest

8.1422%
New Zealand Government 20/09/25 2.0% Ib
New Zealand NZ Fixed Interest AAA

1.7242%
Japan Government 14/06/21 0.00% Gb
Japan Int Fixed Interest

1.2562%
New Zealand Local Government Funding Agency 14/04/33 3.50% Gb
New Zealand NZ Fixed Interest AAA

1.07%
Kommunalbanken As 02/07/30 1.25% Gb
Norway NZ Fixed Interest AAA

0.8039%
Insurance Australia Group Ltd 15/06/43 5.15% Cb
Australia NZ Fixed Interest BBB

0.754%
ASB Bank Ltd 07/09/23 3.31% Cb
New Zealand NZ Fixed Interest AA-

0.6847%
Bank Of New Zealand 15/06/23 4.102% Cb
New Zealand NZ Fixed Interest AA-

0.6708%
Tr Group Ltd 07/03/24 4.533% Cb
New Zealand NZ Fixed Interest

0.6514%

This information has been sourced from the quarterly data that each 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	1.0%	4.22%
New Zealand Fixed Interest	34.0%	30.88%
International Fixed Interest	65.0%	64.9%
Australasian Equities	0.0%	0.0%
International Equities	0.0%	0.0%
Listed Properties	0.0%	0.0%
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 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:

0.36%
Animal Testing:

1.45%
Fossil Fuels:

3.12%
Gambling:

0.10%
GMOs:

0.00%
Human Rights & Environmental Violations:

0.41%
Palm Oil:

0.01%
Tobacco:

0.18%
Weapons:

0.32%

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 income assets and designed for investors that want an investment in New Zealand and international fixed interest. Negative annual returns may occur once in every 7-10 years on average."

Value	$240M NZD
Period of data report	Wed March 31st 2021
Fund started	Fri Oct. 28th 2016
Total annual fund fees	0.46%
Total performance based fees	0.0%
Manager's basic fee	0.45%
Other management and administration charges	0.01%
Total other charges	12.0
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 fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v