SuperLife

SuperLife Default Fund

 

Objective

The Default Fund invests in a mix of income and growth assets. Designed for investors that want a "balanced" investment option. It excludes assets that do not meet the fund’s defined principle-based investment standards (see Investment Restrictions in the table below). Negative annual returns may occur once in every 5 - 7 years on average.

 

 

Fund Facts

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
Investment Restrictions
The fund may not invest in companies that:
 
  • are involved in activities relating to illegal weapons (cluster munitions, anti-personnel mines and nuclear explosive devices); or
  • own proved or probable reserves in coal, oil, or gas, and derive at least 15% of their revenue from exploration and extraction of coal, oil or gas.

Fund Value ( 31/05/2024) $558,998,164
Fund Start Date 1 December 2021
Risk Indicator ( 28/03/2024)

Lower risk

Higher risk

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7

Potentially lower return

Potentially higher return

 

Returns and Fees

31 May 2024
Last month Last year 3 years (p.a.) 5 years (p.a.)
Return
(after deductions for charges and tax)
-0.24% 7.71%
Market Index Return
(reflects no deductions for charges and tax)
0.61% 8.85%
Fee Amount
Fund Charges (estimate) 0.20% 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.

Asset Class

The current allocation between the asset classes is:

31 May 2024

Income Current %Target %Range
Cash and cash equivalents 10.11% 9.20% 0-55%
New Zealand fixed interest 13.53% 13.80% 0-55%
International fixed interest 23.22% 23.00% 0-55%
Total 46.86% 46.00%
Growth Current %Target %Range
Australasian equities 16.61% 17.00% 0-63%
International equities 30.56% 31.00% 0-63%
Listed property 5.98% 6.00% 0-63%
Other 0.00% 0.00% 0-0%
Total 53.15% 54.00%

Fund Investments

31 May 2024

NameType%
Smartshares Global Equities ESG ETF International equities 30.56%
Smartshares Global Government Bond Etf Australasian equities 23.22%
Smartshares S&P/NZX 50 ETF Australasian equities 11.59%
Smartshares NZ Cash ETF Cash and cash equivalents 7.96%
Smartshares S&P/NZX NZ Government Bond ETF New Zealand fixed interest 6.81%
Smartshares NZ Bond ETF New Zealand fixed interest 6.73%
Smartshares Global Property Etf Australasian equities 5.90%
Smartshares Australian Equities ESG ETF Australasian equities 5.02%
ANZ NZD Current Account Cash and cash equivalents 1.33%
Net Current Assets Cash and cash equivalents 0.42%

 

Geography

31 May 2024
Country%Relative Weighting
New Zealand 68.02%
United States 23.62%
Japan 2.12%
United Kingdom 1.07%
Canada 0.80%
Switzerland 0.73%
France 0.63%
Denmark 0.59%
The Netherlands 0.59%
Germany 0.36%
Sweden 0.30%
Italy 0.20%
Hong Kong 0.14%
Spain 0.14%
Finland 0.12%
China 0.12%
Singapore 0.11%
Brazil 0.10%
Ireland 0.06%
Belgium 0.05%
Norway 0.04%
South Africa 0.04%
Chile 0.02%
Austria 0.01%

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