SuperLife Income Fund

Asset Class	Multi-asset class
Geographic Focus	International
Market Index	The market index for the fund is a composite index. It is made up of the indices used to measure the performance of the assets that the fund invests in. The market index return for the fund is calculated using the weighted average annual return of the market indices used to measure the performance of the assets that the fund 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 ( 30/05/2025)	$255,742,184
Fund Start Date	15 September 2013
Risk Indicator ( 31/03/2025)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 30/05/2025)	$348,604,605
Fund Start Date	28 October 2016
Risk Indicator ( 31/03/2025)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 30/05/2025)	$69,296,218
Fund Start Date	15 September 2013
Risk Indicator ( 31/03/2025)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Fund Value ( 30/05/2025)	$5,573,273
Fund Start Date	15 September 2013
Risk Indicator ( 31/03/2025)	Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower return Potentially higher return

Returns and Fees

30 May 2025

	Last month	Last year	3 years (p.a.)	5 years (p.a.)
Return (after deductions for charges and tax)	-0.08%	3.78%	1.60%	0.24%
Market Index Return (reflects no deductions for charges and tax)	-0.30%	5.93%	3.23%	1.10%

Fee	Amount
Fund Charges (estimate)	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). You do not pay the fee if you have all your money invested in the SuperLife Default Fund.

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)	-0.07%	3.85%	1.68%	0.35%
Market Index Return (reflects no deductions for charges and tax)	-0.30%	5.93%	3.23%	1.10%

Fee	Amount
Fund Charges (estimate)	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 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)	-0.08%	3.78%	1.61%	0.28%
Market Index Return (reflects no deductions for charges and tax)	-0.30%	5.93%	3.23%	1.10%

Fee	Amount
Fund Charges (estimate)	0.56% 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).
Transfer fee	You will only be charged this fee if you transfer money from your member account to a KiwiSaver scheme and the transfer is to a KiwiSaver scheme other than the SuperLife KiwiSaver scheme. The fee is $50 for each transfer.

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)	-0.09%	3.62%	1.46%	0.14%
Market Index Return (reflects no deductions for charges and tax)	-0.30%	5.93%	3.23%	1.10%

Fee	Amount
Fund Charges (estimate)	0.77% 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 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.

30 May 2025

Income	Current %	Target %	Range
Cash and cash equivalents	21.77%	20.00%	0-100%
New Zealand fixed interest	29.41%	30.00%	0-70%
International fixed interest	48.82%	50.00%	0-70%
Total	100.00%	100.00%
Growth	Current %	Target %	Range
Other	0.00%	0.00%	0-0%
Total

30 May 2025

Name	Type	%
Smart Global Aggregate Bond ETF	International fixed interest	27.36%
Smart Global Government Bond ETF	International fixed interest	19.17%
Smart NZ Cash ETF	Cash and cash equivalents	18.50%
Smart S&P/NZX NZ Government Bond ETF	New Zealand fixed interest	14.86%
Smart NZ Bond ETF	New Zealand fixed interest	14.56%
NZD Cash Account (ANZ Bank)	Cash and cash equivalents	2.75%
Vanguard International Credit Securities Index Fund - AUD Hedged	International fixed interest	2.29%
Net Current Assets	Cash and cash equivalents	0.52%
AUD Cash Account (BNP Paribas)	Cash and cash equivalents	0.00%
Foreign exchange hedging contract	Cash and cash equivalents	0.00%

Geography

30 May 2025

Country	%	Relative Weighting
New Zealand	58.11%
United States	15.44%
China	4.68%
Japan	4.52%
France	2.38%
Germany	2.21%
United Kingdom	1.96%
Canada	1.66%
Italy	1.51%
Spain	1.06%
Australia	0.78%
South Korea	0.65%
The Netherlands	0.57%
Belgium	0.44%
Switzerland	0.36%
Austria	0.31%
Sweden	0.30%
Indonesia	0.27%
Mexico	0.24%
Finland	0.20%
Malaysia	0.20%
Thailand	0.18%
Denmark	0.16%
Poland	0.15%
Ireland	0.15%
Norway	0.14%
Saudi Arabia	0.14%
Portugal	0.13%
Singapore	0.12%
United Arab Emirates	0.10%
Romania	0.10%
Chile	0.09%
Israel	0.09%
Czech Republic	0.08%
Greece	0.07%
Hungary	0.06%
Hong Kong	0.05%
Colombia	0.05%
Qatar	0.04%
Peru	0.04%
Luxembourg	0.04%
Philippines	0.03%
India	0.02%
Brazil	0.02%
Panama	0.02%
Uruguay	0.01%
Bermuda	0.01%
Taiwan	0.01%