SuperLife Age Steps - Age 20

Not Mindful

Type: Aggressive fund

Past Returns: 10.95%

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

Annual Fees: 0.53%

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 PLC 0.04%
Apa Group 0.02%
Arcelormittal SA 0.01%
BHP Group Ltd 0.43%
BHP Group PLC 0.04%
BP P.L.C. 0.06%
Beach Energy Ltd 0.03%
Cheniere Energy, Inc. 0.01%
Chevron Corp 0.02%
Chevron Corporation 0.13%
China Petroleum & Chemical Corporation Class H 0.01%
Ck Hutchison Holdings Ltd 0.01%
Coca-Cola 0.02%
Coca-Cola Amatil Ltd 0.07%
Coca-Cola Company 0.14%
Conocophillips 0.04%
Diamondback Energy Inc.(Fang) 0.01%
Dominion Energy Inc 0.04%
Engie SA. Temp 0.01%
Eni S.P.A. 0.02%
Eog Resources, Inc. 0.02%
Equinor Asa 0.01%
Exxon Mobil Corp 0.02%
Exxon Mobil Corporation 0.17%
Gazprom 0.01%
Gazprom PJSC 0.03%
Genesis Energy Ltd 0.29%
Genesis Energy Ltd 03/04/25 5.00% Cb 0.02%
Genesis Energy Ltd 08/03/23 5.81% Gb 0.01%
Genesis Energy Ltd 20/07/22 1.32% Gb 0.01%
Glencore PLC 0.04%
Hess Corporation 0.02%
Hong Kong & China Gas Co. Ltd. 0.01%
Itochu Corp 0.02%
Itochu Corporation 0.03%
Kinder Morgan Inc Class P 0.01%
Lyondellbasell Industries Nv 0.01%
Marathon Petroleum Corporation 0.02%
Mitsubishi Corp 0.02%
Mitsubishi Corporation 0.02%
Mitsui & Co.,Ltd 0.02%
Mitsui Ltd 0.02%
Neste Corporation 0.02%
Novatek Jsc 0.01%
Occidental Petroleum Corporation 0.02%
Oil Company Lukoil PJSC 0.03%
Oil Search Ltd 0.08%
Oneok, Inc. 0.02%
Phillips 66 0.03%
Pioneer Natural Resources Company 0.03%
Posco 0.01%
Ptt Public Co., Ltd.(Alien Mkt) 0.02%
Reliance Industries Limited 0.08%
Reliance Industries Ltd 0.02%
Repsol SA 0.01%
Royal Dutch Shell PLC Class A 0.05%
Royal Dutch Shell PLC Class B 0.05%
Santos Ltd 0.01%
Saudi Arabian Oil Company (Saudi Aramco) 0.02%
Sumitomo Corporation 0.01%
Total 0.04%
Total Se 0.08%
Vale S.A. 0.05%
Valero Energy Corporation 0.02%
Washington H Soul Pattinson & Co Ltd 0.04%
Woodside Petroleum Ltd 0.06%

Weapons

Airbus Se 0.05%
Amphenol Corporation Class A 0.04%
Bae Systems PLC 0.02%
Boeing Company 0.04%
General Dynamics Corporation 0.02%
Honeywell International Inc. 0.10%
Jacobs Engineering Group Inc. 0.01%
L3Harris Technologies Inc 0.01%
Larsen & Toubro Ltd. 0.01%
Lockheed Martin Corporation 0.04%
Northrop Grumman Corporation 0.03%
Raytheon Technologies Corporation 0.07%
Safran S.A. 0.03%
Teledyne Technologies Inc.(Tdy) 0.01%
Transdigm Group Incorporated 0.02%

Tobacco

Altria Group Inc 0.06%
British American Tobacco P.L.C. 0.06%
Imperial Brands PLC 0.01%
Japan Tobacco Inc. 0.02%
Philip Morris International Inc. 0.08%
Seven & I Holdings Co., Ltd. 0.02%

Gambling

Aristocrat Leisure Limited 0.01%
Aristocrat Leisure Ltd 0.06%
Crown Resorts Ltd 0.04%
Draftkings Inc Class A 0.01%
Evolution Gaming Group Ab 0.02%
Flutter Entertainment PLC 0.02%
Galaxy Entertainment Group Limited 0.01%
Mgm Resorts International 0.01%
Skycity Entertainment Group Ltd 0.42%
Star Entertainment Grp Ltd 0.03%
Tabcorp Holdings Ltd 0.11%
Vici Properties Inc.(Vici) 0.02%
Wynn Resorts, Limited 0.01%

Adult Entertainment/Pornography

Mgm Resorts International 0.01%

Alcohol

Ambev SA 0.01%
Anheuser Busch Inbev SA 0.02%
Anheuser-Busch Inbev SA/Nv 0.04%
Asahi Group Holdings Ltd 0.01%
Asahi Group Holdings,Ltd. 0.01%
Carlsberg A/S Class B 0.01%
China Resources Beer (Holdings) Co. Ltd. 0.01%
Coca-Cola Amatil Ltd 0.07%
Constellation Brands, Inc. Class A 0.01%
Diageo PLC 0.10%
Heineken Nv 0.02%
Kweichow Moutai Co., Ltd. Class A 0.02%
LVMH 0.06%
LVMH Moet Hennessy Louis Vuitton Se 0.13%
Metcash Ltd 0.01%
Pernod Ricard SA 0.04%

Palm Oil

Posco 0.01%

GMOs

Corteva Inc 0.04%

Human Rights & Environmental Violations

Archer-Daniels-Midland Company 0.01%
BHP Group Ltd 0.43%
BHP Group PLC 0.05%
Bayer AG 0.05%
Chevron Corp 0.02%
Chevron Corporation 0.13%
Duke Energy Corporation 0.04%
Formosa Plastics Corporation 0.02%
Freeport-Mcmoran, Inc. 0.04%
Glencore PLC 0.04%
Grupo Mexico S.A.B. De C.V. Class B 0.02%
Johnson & Johnson 0.34%
Motorola Solutions, Inc. 0.03%
Nestle S.A. 0.25%
Nestle SA 0.10%
Petroleo Brasileiro SA 0.02%
Petroleo Brasileiro SA Pfd 0.01%
Posco 0.01%
Rio Tinto Limited 0.02%
Rio Tinto Ltd 0.12%
Rio Tinto PLC 0.09%
Royal Dutch Shell PLC Class A 0.05%
Royal Dutch Shell PLC Class B 0.05%
Sempra Energy 0.02%
Vale S.A. 0.05%

Animal Testing

Air Liquide SA Temp 0.050%
Akzo Nobel N.V. 0.020%
Albemarle Corporation 0.010%
Altria Group Inc 0.060%
Archer-Daniels-Midland Company 0.020%
Asahi Group Holdings Ltd 0.010%
Asahi Group Holdings,Ltd. 0.010%
Basf N 0.020%
Basf Se 0.060%
Bayer AG 0.050%
British American Tobacco P.L.C. 0.060%
Celanese Corporation 0.010%
Chevron Corp 0.020%
Chevron Corporation 0.130%
Church & Dwight Co., Inc. 0.020%
Clorox Company 0.020%
Coca-Cola 0.020%
Coca-Cola Amatil Ltd 0.070%
Coca-Cola Company 0.140%
Corteva Inc 0.040%
Danone SA 0.040%
Dow, Inc. 0.030%
Dupont De Nemours, Inc. 0.020%
Eastman Chemical Company 0.010%
Ecolab Inc. 0.020%
Estee Lauder Companies Inc. Class A 0.020%
Fmc Corporation 0.010%
Formosa Plastics Corporation 0.020%
Fujifilm Holdings Corp 0.020%
General Mills, Inc. 0.020%
Givaudan SA 0.040%
Glaxosmithkline PLC 0.090%
Henkel AG & Co. Kgaa Pref 0.010%
Hermes International 0.010%
Hermes International Sca 0.030%
Hindustan Unilever Limited 0.030%
Honeywell International Inc. 0.100%
Hp Inc. 0.020%
Imperial Brands PLC 0.010%
Ingersoll Rand Inc. 0.010%
International Flavors & Fragrances Inc. 0.040%
Johnson & Johnson 0.340%
Kao Corp 0.020%
Kao Corp. 0.020%
Kellogg Company 0.010%
Kerry Group PLC Class A 0.010%
Kimberly-Clark Corporation 0.030%
Koninklijke Dsm N.V. 0.020%
L'Oreal SA 0.010%
L'Oreal SA Temp 0.060%
LVMH 0.060%
LVMH Moet Hennessy Louis Vuitton Se 0.130%
Lair Liquide Societe Anonyme Pour 0.020%
Linde PLC 0.060%
Loreal SA 0.030%
Lyondellbasell Industries Nv 0.010%
Mondelez International, Inc. Class A 0.050%
Nan Ya Plastics Corporation 0.020%
Nestle S.A. 0.250%
Nestle SA 0.100%
PPG Industries, Inc. 0.020%
Pepsico Inc 0.020%
Pepsico, Inc. 0.130%
Philip Morris International Inc. 0.080%
Procter & Gamble 0.030%
Procter & Gamble Company 0.230%
Reckitt Benckiser Group PLC 0.060%
Reliance Industries Limited 0.080%
Reliance Industries Ltd 0.020%
Royal Dutch Shell PLC Class A 0.050%
Royal Dutch Shell PLC Class B 0.050%
Seven & I Holdings Co., Ltd. 0.020%
Sherwin-Williams Company 0.020%
Shin Etsu Chemical Ltd 0.030%
Shin-Etsu Chemical Co Ltd 0.050%
Shiseido Company,Limited 0.020%
Shiseido Ltd 0.010%
Symrise AG 0.010%
Tesco PLC 0.020%
Unicharm Corporation 0.010%
Unilever PLC 0.170%

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	36.18%	36.4%
2020	-7.01%	-11.55%
2019	9.82%	8.01%
2018	7.69%	5.03%

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 S&P 500 ETF
United States International Equities

9.7859%
Vanguard FTSE Europe ETF
United States International Equities

8.8005%
Vanguard FTSE Emerging Markets ETF
United States International Equities

7.5527%
Vanguard FTSE Pacific ETF
United States International Equities

5.7856%
Vanguard Total World Stock ETF
United States International Equities

5.1236%
Vanguard Value ETF
United States International Equities

5.0047%
Vanguard Mid-Cap ETF
United States International Equities

4.987%
Vanguard Small-Cap ETF
United States International Equities

4.2198%
Vanguard International Property Securities Index Fund Hedged
Australia Listed Property

3.7056%
Ishares Msci Usa Esg Screened Ucits ETF
Ireland International Equities

3.2009%

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%	1.59%
New Zealand Fixed Interest	1.0%	1.23%
International Fixed Interest	3.0%	2.59%
Australasian Equities	24.0%	25.09%
International Equities	64.0%	63.46%
Listed Properties	7.0%	6.04%
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:

0.05%
Alcohol:

0.83%
Animal Testing:

5.09%
Fossil Fuels:

4.11%
Gambling:

0.97%
GMOs:

0.05%
Human Rights & Environmental Violations:

2.37%
Palm Oil:

0.09%
Tobacco:

0.34%
Weapons:

0.92%

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

"SuperLife Age Steps automatically sets the proportion of your investment in income and growth assets based on your age. As you get older the proportion of your investment in more volatile growth assets will be reduced lowering the expected size of the ups and downs in the value of your investment. This option may be suitable if you are saving for retirement (assumed to be age 65) and assumes you will continue to invest your savings and spend them over your retirement period.Your SuperLife Age Steps - Age 20 investment will be allocated 5% to income assets and 95% to growth assets."

Value	$35k NZD
Period of data report	Wed March 31st 2021
Fund started	Fri Oct. 28th 2016
Total annual fund fees	0.53%
Total performance based fees	0.0%
Manager's basic fee	0.52%
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)