SuperLife Age Steps

Asset Class	Multi-asset class
Geographic Focus	International
Market Index	The market index for the age step is a composite index. It is made up of the indices used to measure the performance of the assets that the age step invests in. The market index return for the age step is calculated using the weighted average annual return of the market indices used to measure the performance of the assets that the age step invests in. This is calculated by multiplying the index return for each asset class by the target asset allocation weights for each asset class

Fund Value ( 31/12/2018)	$402,024,952
Fund Start Date	15 September 2013
Risk Indicator ( 30/09/2018)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 31/12/2018)	$6,119,059
Fund Start Date	28 October 2016
Risk Indicator ( 30/09/2018)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 31/12/2018)	$44,572,809
Fund Start Date	15 September 2013
Risk Indicator ( 30/09/2018)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 31/12/2018)	$4,940,759
Fund Start Date	15 September 2013
Risk Indicator ( 30/09/2018)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Returns and Fees

31 December 2018

	Last month	Last year	3 years (p.a.)	5 years (p.a.)
Return (after deductions for charges and tax)	-3.09%	-4.99%	5.14%	5.95%
Market Index Return (reflects no deductions for charges and tax)	-3.37%	-3.53%	7.13%	7.35%

Fee	Amount
Fund Charges	0.62% per annum of fund's net value.
Administration fee	$30 a year (regardless of the number of investment options you invest in, or the number of times you change investment options).

The returns are after tax at the highest prescribed investor rate (PIR) of tax for an individual New Zealand resident. Your tax may be lower. If you are a SuperLife investor, you can log in to see how your investments have performed.

	Last month	Last year	3 years (p.a.)	5 years (p.a.)
Return (after deductions for charges and tax)	-3.07%	-4.90%
Market Index Return (reflects no deductions for charges and tax)	-3.37%	-3.53%

Fee	Amount
Fund Charges	0.52% per annum of fund's net value.
Administration fee	$12 a year (regardless of the number of investment options you invest in, or the number of times you change investment options).
Paper statements fee	$18 a year (you will only be charged this fee if you choose to receive statements and other SuperLife communications in paper form).

The returns are after tax at the highest prescribed investor rate (PIR) of tax for an individual New Zealand resident. Your tax may be lower. If you are a SuperLife investor, you can log in to see how your investments have performed.

	Last month	Last year	3 years (p.a.)	5 years (p.a.)
Return (after deductions for charges and tax)	-3.08%	-4.91%	5.26%	6.04%
Market Index Return (reflects no deductions for charges and tax)	-3.37%	-3.53%	7.13%	7.35%

Fee	Amount
Fund Charges	0.52% per annum of fund's net value.
Administration fee	$12 a year (regardless of the number of investment options you invest in, or the number of times you change investment options).
Paper statements fee	$18 a year (you will only be charged this fee if you choose to receive statements and other SuperLife communications in paper form).
Transfer fee	$50 for each transfer (you will only be charged this fee if the PDS Supplement for your employer allows you to transfer money from your accounts to a KiwiSaver scheme and the transfer is to a KiwiSaver scheme other than the SuperLife KiwiSaver scheme).

The returns are after tax at the highest prescribed investor rate (PIR) of tax for an individual New Zealand resident. Your tax may be lower. If you are a SuperLife investor, you can log in to see how your investments have performed.

	Last month	Last year	3 years (p.a.)	5 years (p.a.)
Return (after deductions for charges and tax)	-3.08%	-4.99%	5.13%	5.94%
Market Index Return (reflects no deductions for charges and tax)	-3.37%	-3.53%	7.13%	7.35%

Fee	Amount
Fund Charges	0.63% per annum of fund's net value.
Administration fee	$60 a year (regardless of the number of investment options you invest in, or the number of times you change investment options).
Entry fee	1% of the amount transferred or $500 (whichever is greater). You will be charged this fee when you transfer money into the Scheme from a UK pension scheme or another ROPS.
Exit fee	1% of the amount transferred or $500 (whichever is greater). You will be charged this fee if you transfer your investment from the Scheme to a UK pension scheme or another ROPS.

The returns are after tax at the highest prescribed investor rate (PIR) of tax for an individual New Zealand resident. Your tax may be lower. If you are a SuperLife investor, you can log in to see how your investments have performed.

31 December 2018

Name	Type	%
Smartshares NZ Top 50 Fund	Australasian equities	13.42%
Smartshares US 500 Fund	International equities	10.49%
Smartshares Europe Fund	International equities	9.73%
Smartshares Emerging Markets Fund	International equities	8.46%
Smartshares NZ Bond Fund	New Zealand fixed interest	6.72%
Smartshares Asia Pacific Fund	International equities	6.48%
Smartshares Global Bond Fund	International fixed interest	6.42%
Vanguard International Credit Securities Index Fund Hedged	International fixed interest	6.27%
Smartshares US Large Value Fund	International equities	4.06%
Smartshares US Mid Cap Fund	International equities	4.04%

Geography

31 December 2018

Country	%	Relative Weighting
United States	28.89%
New Zealand	27.06%
Australia	11.25%
Japan	5.23%
United Kingdom	4.11%
China	2.98%
France	2.62%
Germany	2.02%
Switzerland	1.50%
Taiwan	1.20%