Overseas Non-government Bonds Fund

Asset Class	Single asset class - International fixed interest
Geographic Focus	International
Market Index	Bloomberg Barclays Global Aggregate Government-related and Corporate Index (100% hedged to the New Zealand dollar)

Fund Value ( 31/12/2019)	$17,626,436
Fund Start Date	24 October 2007
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)	$58,772,581
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)	$38,947,477
Fund Start Date	15 October 2007
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)	$286,879
Fund Start Date	24 July 2012
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)	-0.03%	6.75%	2.85%	2.80%
Market Index Return (reflects no deductions for charges and tax)	0.03%	10.03%	5.07%	4.78%

Fee	Amount
Fund Charges	0.54% 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)	-0.02%	6.74%	2.90%
Market Index Return (reflects no deductions for charges and tax)	0.03%	10.03%	5.07%

Fee	Amount
Fund Charges	0.44% 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)	-0.02%	6.79%	2.91%	2.91%
Market Index Return (reflects no deductions for charges and tax)	0.03%	10.03%	5.07%	4.78%

Fee	Amount
Fund Charges	0.44% 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)	-0.03%	6.66%	2.82%	2.83%
Market Index Return (reflects no deductions for charges and tax)	0.03%	10.03%	5.07%	4.78%

Fee	Amount
Fund Charges	0.55% 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	%
Vanguard International Credit Securities Index Fund Hedged	International fixed interest	97.48%
Foreign exchange hedging contract	Other	1.43%
Westpac Current Account	Cash and cash equivalents	1.09%

Geography

31 December 2019

Country	%	Relative Weighting
United States	37.30%
Canada	7.90%
Germany	7.80%
France	6.30%
United Kingdom	5.40%
Japan	4.30%
China	2.90%
Netherlands	2.30%
Australia	2.20%
Switzerland	1.30%

Portfolio Characteristics

31 December 2019

Duration	6.7 years
Current Yield	2.73%

Credit Allocation

31 December 2019

Credit Allocation	%	Relative Weighting
AAA	14.40%
AA- to AA+	16.60%
A- to A+	29.60%
BBB- to BBB+	36.60%
BB+ and lower, settlements	2.80%