SuperLife Age Steps - Age 20

Not Mindful

Fund type: Aggressive fund

Past Returns: 9.88%

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

Contact Energy Ltd 0.86%
BHP Group Ltd 0.72%
Nextera Energy Inc. 0.41%
Shell PLC 0.25%
Exxon Mobil Corp. 0.24%
Genesis Energy Ltd 0.22%
Woodside Energy Group Ltd 0.21%
Southern Co. 0.19%
Duke Energy Corp. 0.18%
Chevron Corp. 0.18%
Enbridge Inc. 0.17%
Dominion Energy Inc. 0.16%
BP PLC 0.12%
National Grid PLC 0.12%
BHP Group Ltd. 0.11%
Cheniere Energy Inc. 0.11%
Reliance Industries Ltd. 0.11%
Sempra Energy 0.11%
Totalenergies Se 0.11%
American Electric Power Co. Inc. 0.10%
Conocophillips 0.09%
Consolidated Edison Inc. 0.08%
Iberdrola SA 0.08%
Santos Ltd 0.08%
Tc Energy Corp. 0.08%
Wec Energy Group Inc. 0.08%
Whitehaven Coal Ltd 0.08%
Williams Cos. Inc. 0.08%
Ampol Ltd 0.07%
Kinder Morgan Inc. 0.07%
Oneok Inc. 0.07%
Washington H Soul Pattinson & Co Ltd 0.07%
Xcel Energy Inc. 0.07%
Glencore PLC 0.07%
Ameren Corp. 0.06%
Entergy Corp. 0.06%
Petroleo Brasileiro SA 0.06%
Pg&E Corp. 0.06%
Public Service Enterprise Group Inc. 0.06%
Vale SA 0.06%
Ppl Corp. 0.05%
Agl Energy Ltd 0.04%
Alliant Energy Corp. 0.04%
Anglo American PLC 0.04%
Apa Group 0.04%
Atmos Energy Corp. 0.04%
Cms Energy Corp. 0.04%
Devon Energy Corp. 0.04%
Eog Resources Inc. 0.04%
Evergy Inc. 0.04%
Fortis Inc./Canada 0.04%
South32 Ltd 0.04%
Targa Resources Corp. 0.04%
Totalenergies 0.04%
Clp Holdings Ltd. 0.03%
Enel Spa 0.03%
Equinor Asa 0.03%
Mitsui & Co. Ltd. 0.03%
Pembina Pipeline Corp. 0.03%
Phillips 66 0.03%
Reliance Industries Ltd 0.03%
Saudi Arabian Oil Co. 0.03%
Valero Energy Corp. 0.03%
Woodside Energy Group Ltd. 0.03%
Constellation Energy Corp. 0.02%
Contact Energy 07/11/22 Promissory Note 0.02%
Coterra Energy Inc. 0.02%
Diamondback Energy Inc. 0.02%
Dte Energy Co. 0.02%
Emera Inc. 0.02%
Eni Spa 0.02%
Genesis Energy Ltd 5.00% 3/04/2025 0.02%
Hess Corp. 0.02%
Hong Kong & China Gas Co. Ltd. 0.02%
Itochu Corp 0.02%
Itochu Corp. 0.02%
Lyondellbasell Industries Nv 0.02%
Mitsubishi Corp 0.02%
Mitsubishi Corp. 0.02%
Mitsui Ltd 0.02%
Nisource Inc. 0.02%
Occidental Petroleum Corp. 0.02%
Pioneer Natural Resources Co. 0.02%
Rwe AG 0.02%
Snam Spa 0.02%
Adani Enterprises Ltd. 0.01%
Adani Transmission Ltd. 0.01%
Aes Corp. 0.01%
Apa Corp. 0.01%
Beach Energy Ltd 0.01%
Canadian Natural Resources Ltd. 0.01%
China Petroleum & Chemical Corp. 0.01%
China Shenhua Energy Co. Ltd. 0.01%
Ck Hutchison Holdings Ltd. 0.01%
Contact Energy Ltd 5.82% 11/04/2028 0.01%
Delta Air Lines Inc. 0.01%
Enel 0.01%
Engie SA 0.01%
Eni 0.01%
Equinor 0.01%
Genesis Energy Ltd 251122 Pnote 0.01%
Kansai Electric Power Co. Inc. 0.01%
Marathon Petroleum Corp. 0.01%
Neste Oyj 0.01%
New Hope Corp Ltd 0.01%
Nextera Energy Inc 0.01%
Oge Energy Corp. 0.01%
Origin Energy Ltd 0.01%
Osaka Gas Co. Ltd. 0.01%
Ovintiv Inc. 0.01%
Pinnacle West Capital Corp. 0.01%
Power Assets Holdings Ltd. 0.01%
Repsol SA 0.01%
Santos Ltd. 0.01%
Sumitomo Corp. 0.01%
Tokyo Gas Co. Ltd. 0.01%

Weapons

Walmart Inc. 0.12%
Honeywell International Inc. 0.07%
Lockheed Martin Corp. 0.07%
Raytheon Technologies Corp. 0.07%
Airbus Se 0.04%
Amphenol Corp. 0.04%
Boeing Co. 0.04%
Northrop Grumman Corp. 0.04%
Safran SA 0.03%
Bae Systems PLC 0.02%
General Dynamics Corp. 0.02%
Larsen & Toubro Ltd. 0.02%
Transdigm Group Inc. 0.02%
Wal-Mart De Mexico Sab De Cv 0.02%
Walmart Inc 0.02%
Booz Allen Hamilton Holding Corp. 0.01%
Brookfield Asset Management Inc. 0.01%
Howmet Aerospace Inc. 0.01%
L3Harris Technologies Inc. 0.01%
Teledyne Technologies Inc. 0.01%

Tobacco

Philip Morris International Inc. 0.10%
British American Tobacco PLC 0.09%
Altria Group Inc. 0.04%
Imperial Brands PLC 0.02%
Itc Ltd. 0.01%
Japan Tobacco Inc. 0.01%
Swedish Match Ab 0.01%

Gambling

Skycity Entertainment Group Ltd 0.31%
Aristocrat Leisure Ltd 0.06%
Flutter Entertainment PLC 0.02%
Lottery Corp Ltd/The 0.02%
Star Entertainment Grp Ltd/The 0.02%
Vici Properties Inc. 0.02%
Aristocrat Leisure Ltd. 0.01%
Evolution Ab 0.01%

Adult Entertainment/Pornography

Alcohol

Diageo PLC 0.13%
Metcash Ltd 0.04%
Pernod Ricard SA 0.04%
Anheuser-Busch Inbev SA/Nv 0.03%
Heineken Nv 0.02%
Treasury Wine Estates Ltd 0.02%
Ambev SA 0.01%
Anheuser-Busch Inbev SA 0.01%
Asahi Group Holdings Ltd. 0.01%
China Resources Beer Holdings Co. Ltd. 0.01%
Constellation Brands Inc. 0.01%
Endeavour Group Ltd/Australia 0.01%
Kweichow Moutai Co. Ltd. 0.01%

Palm Oil

GMOs

Corteva Inc. 0.04%

Human Rights & Environmental Violations

BHP Group Ltd 0.72%
Nestle SA 0.40%
Johnson & Johnson 0.33%
Shell PLC 0.26%
Meta Platforms Inc. 0.20%
Duke Energy Corp. 0.18%
Chevron Corp. 0.18%
Rio Tinto Ltd 0.14%
Thermo Fisher Scientific Inc. 0.13%
BHP Group Ltd. 0.11%
Wells Fargo & Co. 0.10%
Rio Tinto PLC 0.08%
Lockheed Martin Corp. 0.07%
Raytheon Technologies Corp. 0.07%
Glencore PLC 0.07%
Bayer AG 0.06%
Caterpillar Inc. 0.06%
Petroleo Brasileiro SA 0.06%
Pg&E Corp. 0.06%
Vale SA 0.05%
Corteva Inc. 0.04%
Motorola Solutions Inc. 0.04%
Archer-Daniels-Midland Co. 0.03%
Basf Se 0.03%
Activision Blizzard Inc. 0.02%
Li Ning Co. Ltd. 0.02%
Meta Platforms Inc Class A 0.02%
Rio Tinto Ltd. 0.02%
Thermo Fisher Scientific Inc 0.02%
Wells Fargo 0.02%
Adani Enterprises Ltd. 0.01%
Caterpillar Inc 0.01%
Centrais Eletricas Brasileiras SA 0.01%
China Petroleum & Chemical Corp. 0.01%
Fmc Corp. 0.01%
Freeport-Mcmoran Inc. 0.01%
Petroleo Brasileiro Pref SA 0.01%
Uber Technologies Inc. 0.01%

Animal Testing

Nestle SA 0.39%
Shell PLC 0.25%
Exxon Mobil Corp. 0.24%
Procter & Gamble Co. 0.21%
Chevron Corp. 0.18%
Unilever PLC 0.15%
LVMH Moet Hennessy Louis Vuitton Se 0.15%
Coca-Cola Co. 0.14%
Pepsico Inc. 0.14%
Reliance Industries Ltd. 0.12%
British American Tobacco PLC 0.09%
Philip Morris International Inc. 0.09%
Honeywell International Inc. 0.07%
L'Oreal SA 0.06%
Bayer AG 0.06%
LVMH 0.05%
Mondelez International Inc. 0.05%
Orica Ltd 0.05%
3M Co. 0.04%
Air Liquide SA 0.04%
Altria Group Inc. 0.04%
Cie Financiere Richemont SA 0.04%
Corteva Inc. 0.04%
Hermes International 0.04%
Kering SA 0.04%
Archer-Daniels-Midland Co. 0.03%
Basf Se 0.03%
Colgate-Palmolive Co. 0.03%
Daikin Industries Ltd. 0.03%
Hindustan Unilever Ltd. 0.03%
Ping An Insurance Group Co. Of China Ltd. 0.03%
Procter & Gamble 0.03%
Reliance Industries Ltd 0.03%
Albemarle Corp. 0.02%
Asian Paints Ltd. 0.02%
Canon Inc. 0.02%
Coca-Cola 0.02%
Daikin Industries Ltd 0.02%
Danone SA 0.02%
Denso Corp. 0.02%
Eni Spa 0.02%
Givaudan SA 0.02%
Imperial Brands PLC 0.02%
International Flavors & Fragrances Inc. 0.02%
Koninklijke Ahold Delhaize Nv 0.02%
Koninklijke Dsm Nv 0.02%
Lair Liquide Societe Anonyme Pour 0.02%
Loreal SA 0.02%
Lyondellbasell Industries Nv 0.02%
Mitsubishi Corp 0.02%
Mitsubishi Corp. 0.02%
Pepsico Inc 0.02%
Tyson Foods Inc. 0.02%
Asahi Group Holdings Ltd. 0.01%
Canon Inc 0.01%
China Petroleum & Chemical Corp. 0.01%
Church & Dwight Co. Inc. 0.01%
Clorox Co. 0.01%
Constellation Brands Inc. 0.01%
Denso Corp 0.01%
Ecolab Inc. 0.01%
Eni 0.01%
Entegris Inc. 0.01%
Essity Ab 0.01%
Estee Lauder Cos. Inc. 0.01%
Fmc Corp. 0.01%
Formosa Plastics Corp. 0.01%
Fujifilm Holdings Corp. 0.01%
General Mills Inc. 0.01%
Grupo Mexico Sab De Cv 0.01%
Itc Ltd. 0.01%
Kao Corp. 0.01%
Kellogg Co. 0.01%
Kerry Group PLC 0.01%
Kimberly-Clark Corp. 0.01%
Mosaic Co. 0.01%
Nan Ya Plastics Corp. 0.01%
Sgs SA 0.01%
Sherwin-Williams Co. 0.01%
Shiseido Co. Ltd. 0.01%
Symrise AG 0.01%
Tesco PLC 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 Fri Sept. 30th 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.

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	3.19%	4.8%
2021	36.07%	36.4%
2020	-7.33%	-11.55%
2019	10.16%	8.01%
2018	7.53%	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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

Vanguard Total World Stock ETF
United States International Equities

11.85%
Vanguard S&P 500 ETF
United States International Equities

8.58%
Vanguard FTSE Europe ETF
United States International Equities

7.13%
Vanguard FTSE Emerging Markets ETF
United States International Equities

6.82%
Vanguard FTSE Pacific ETF
United States International Equities

4.99%
Vanguard Mid-Cap ETF
United States International Equities

4.37%
Vanguard Global Infrastructure Index ETF
Australia International Equities

4.28%
Vanguard Small-Cap ETF
United States International Equities

3.71%
Ishares Msci Usa ESG Screened Ucits ETF
Ireland International Equities

2.93%
Vanguard Value ETF
United States International Equities

2.84%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	2.2%	1.2058%
New Zealand Fixed Interest	1.1%	1.5872%
International Fixed Interest	1.7%	1.6814%
Australasian Equities	23.7%	24.1821%
International Equities	61.7%	62.3711%
Listed Properties	4.8%	4.6969%
Unlisted Properties	0.0%	0.0%
Other	4.8%	4.2754%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 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).

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:

0.03%
Alcohol:

0.59%
Animal Testing:

5.50%
Fossil Fuels:

9.78%
Gambling:

0.64%
GMOs:

0.06%
Human Rights & Environmental Violations:

4.12%
Palm Oil:

0.04%
Tobacco:

0.33%
Weapons:

1.12%

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	$37k NZD
Period of data report	Fri Sept. 30th 2022
Fund started	Fri Oct. 28th 2016
Total annual fund fees	0.53%
Total performance based fees	0.0%
Manager's basic fee	0.51%
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) Previously: Corporate Governance Manager - ACC (current position) (7 years, 5 months)
Stuart Kenneth Reginald Millar	Currently: Chief Investment Officer - Smartshares (3 years, 4 months) Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)
Hugh Duncan Stevens	Currently: Chief Executive Officer - Smartshares (4 years, 7 months) Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)
Alister John Williams	Currently: Director (6 years, 10 months) Previously: Investment Manager - Trust Management (5 years, 4 months)