SuperLife

SuperLife Age Steps
Age 80

 

Objective

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.

SuperLife Age Steps – Age 80 invests 10% in growth assets and 90% in income assets.

Latest Quarterly Fund Updates

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Fund Facts

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 ( 31/08/2020) $499,017,121
Fund Start Date 15 September 2013
Risk Indicator ( 31/05/2020)

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Fund Value ( 31/08/2020) $12,521,884
Fund Start Date 28 October 2016
Risk Indicator ( 31/05/2020)

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Fund Value ( 31/08/2020) $52,063,580
Fund Start Date 15 September 2013
Risk Indicator ( 31/05/2020)

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Fund Value ( 31/08/2020) $8,573,694
Fund Start Date 15 September 2013
Risk Indicator ( 31/05/2020)

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Returns and Fees

31 August 2020
Last month Last year 3 years (p.a.) 5 years (p.a.)
Return
(after deductions for charges and tax)
0.37% 2.07% 3.15% 3.39%
Market Index Return
(reflects no deductions for charges and tax)
0.36% 3.51% 4.57% 4.72%
Fee Amount
Fund Charges 0.56% 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)
0.37% 2.11% 3.21%
Market Index Return
(reflects no deductions for charges and tax)
0.36% 3.51% 4.57%
Fee Amount
Fund Charges 0.46% 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)
0.37% 2.13% 3.22% 3.47%
Market Index Return
(reflects no deductions for charges and tax)
0.36% 3.51% 4.57% 4.72%
Fee Amount
Fund Charges 0.46% 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)
0.37% 2.06% 3.12% 3.29%
Market Index Return
(reflects no deductions for charges and tax)
0.36% 3.51% 4.57% 4.72%
Fee Amount
Fund Charges 0.57% 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). 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 a 28% tax rate.
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.

Top 10 Fund Investments

31 August 2020

SuperLife Age Steps invests in the SuperLife High Growth and SuperLife Income managed funds. As an investor’s age increases, the proportion of investments in SuperLife High Growth is reduced (and proportion in SuperLife Income increases). To view the top 10 individual holdings of the underlying funds, download the latest fund update at the top of this page.

NameType%
Smartshares NZ Cash ETF New Zealand fixed interest 28.96%
Vanguard International Credit Securities Index Fund Hedged International fixed interest 19.38%
Smartshares NZ Bond ETF New Zealand fixed interest 17.25%
Smartshares Global Bond ETF International fixed interest 14.47%
Smartshares Aggregate Bond ETF International fixed interest 4.80%
Bank of China Ltd 03/10/23 4.34% TD Cash and cash equivalents 2.59%
Smartshares NZ Top 50 ETF Australasian equities 1.72%
Westpac Current Account Cash and cash equivalents 1.56%
Smartshares US 500 ETF International equities 1.07%
Smartshares S&P/NZX NZ Government Bond ETF New Zealand fixed interest 1.01%

Geography

31 July 2020
Country%Relative Weighting
New Zealand 54.13%
United States 17.38%
United Kingdom 3.58%
Japan 3.47%
China 2.16%
Germany 2.14%
France 2.10%
Canada 1.92%
Australia 1.88%
Spain 1.08%

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