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 ( 31/12/2019)	$503,930,999
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 ( 31/12/2019)	$11,166,840
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 ( 31/12/2019)	$52,967,506
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 ( 31/12/2019)	$9,124,808
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 2019

	Last month	Last year	3 years (p.a.)	5 years (p.a.)
Return (after deductions for charges and tax)	-0.15%	17.75%	8.60%	7.84%
Market Index Return (reflects no deductions for charges and tax)	0.75%	22.84%	11.97%	9.69%

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)	-0.15%	17.84%	8.66%
Market Index Return (reflects no deductions for charges and tax)	0.75%	22.84%	11.97%

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)	-0.15%	17.83%	8.67%	7.95%
Market Index Return (reflects no deductions for charges and tax)	0.75%	22.84%	11.97%	9.69%

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)	-0.16%	17.74%	8.58%	7.84%
Market Index Return (reflects no deductions for charges and tax)	0.75%	22.84%	11.97%	9.69%

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 2019

Name	Type	%
Smartshares NZ Top 50 Fund	Australasian equities	13.97%
Smartshares NZ Bond Fund	New Zealand fixed interest	6.76%
Vanguard International Credit Securities Index Fund Hedged	International fixed interest	6.43%
Smartshares Global Bond Fund	International fixed interest	4.86%
Vanguard International Property Securities Index Fund Hedged	Listed property	2.83%
Smartshares Aggregate Bond Fund	International fixed interest	1.62%
Smartshares NZ Property Fund	Listed property	1.52%
Foreign exchange hedging contract	Other	1.45%
Smartshares Australian Property Fund	Listed property	1.41%
Westpac Current Account	Cash and cash equivalents	1.38%

Geography

31 December 2019

Country	%	Relative Weighting
United States	31.39%
New Zealand	25.77%
Australia	8.20%
Japan	5.97%
United Kingdom	4.14%
China	3.46%
France	2.42%
Germany	2.28%
Switzerland	1.66%
Taiwan	1.29%