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 ( 31/12/2020)	$540,819,108
Fund Start Date	15 September 2013
Risk Indicator ( 31/05/2020)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 31/12/2020)	$15,532,600
Fund Start Date	28 October 2016
Risk Indicator ( 31/05/2020)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 31/12/2020)	$58,663,214
Fund Start Date	15 September 2013
Risk Indicator ( 31/05/2020)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 31/12/2020)	$9,055,846
Fund Start Date	15 September 2013
Risk Indicator ( 31/05/2020)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Returns and Fees

31 December 2020

	Last month	Last year	3 years (p.a.)	5 years (p.a.)
Return (after deductions for charges and tax)	2.04%	5.45%	5.66%	7.61%
Market Index Return (reflects no deductions for charges and tax)	2.60%	10.84%	9.52%	10.86%

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 administration fee is stated net of an income tax deduction applied in calculating your PIE tax payable (the deduction is paid to us). The gross fee is calculated using your PIR.

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)	1.99%	5.30%	5.67%
Market Index Return (reflects no deductions for charges and tax)	2.60%	10.84%	9.52%

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).The administration fee is stated net of an income tax deduction applied in calculating your PIE tax payable (the deduction is paid to us). The relevant gross fee is calculated using your PIR.
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 paper statements fee is stated net of an income tax deduction applied in calculating your PIE tax payable (the deduction is paid to us). The relevant gross fee is calculated using your PIR.

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)	2.02%	5.38%	5.70%	7.68%
Market Index Return (reflects no deductions for charges and tax)	2.60%	10.84%	9.52%	10.86%

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). The administration fee is stated net of an income tax deduction applied in calculating your PIE tax payable (the deduction is paid to us). The relevant gross fee is calculated using your PIR.
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 paper statements fee is stated net of an income tax deduction applied in calculating your PIE tax payable (the deduction is paid to us). The relevant gross fee is calculated using your PIR.
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 transfer fee is stated net of an income tax deduction applied in calculating your PIE tax payable (the deduction is paid to us). The relevant gross fee is calculated using your PIR.

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)	2.04%	5.59%	5.71%	7.63%
Market Index Return (reflects no deductions for charges and tax)	2.60%	10.84%	9.52%	10.86%

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 2020

Name	Type	%
Smartshares NZ Top 50 ETF	Australasian equities	13.41%
Smartshares US 500 ETF	International equities	8.32%
Smartshares Europe ETF	International equities	7.56%
Smartshares Emerging Markets ETF	International equities	6.19%
Smartshares Asia Pacific ETF	International equities	5.04%
Smartshares US Large Value ETF	International equities	4.22%
Smartshares US Mid Cap ETF	International equities	4.20%
Westpac NZD Current Account	Cash and cash equivalents	2.40%
Smartshares NZ Cash ETF	Cash and cash equivalents	0.62%
Bank of China Ltd 03/10/23 4.34% TD	Cash and cash equivalents	0.00%

Geography

31 December 2020

Country	%	Relative Weighting
United States	31.58%
New Zealand	25.39%
Australia	8.47%
Japan	6.38%
China	3.77%
United Kingdom	3.04%
France	2.87%
Germany	2.44%
Switzerland	1.79%
Taiwan	1.35%