Smartshares Limited
SuperLife Conservative Fund
SuperLife KiwiSaver SchemeConservative
What the provider says about this fund
Invests mostly in income assets and is designed for investors that want a conservative investment option. Negative annual returns may occur once in every 7-10 years on average.
1-year return
4.94%
5-year return p.a.
2.54%
Total annual fee
0.67%
Fund size ($m)
36.8
Members
739
Inception date
15 November 2010
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
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7
Lower riskHigher risk
Investment mix
Growth assets
29.15%
Income assets
70.85%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 6.63% | 7.00% | 5.79% |
| Cash and equivalents | 15.18% | 14.00% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 27.83% | 28.00% | 27.47% |
| International shares | 19.14% | 20.00% | 14.45% |
| Listed property | 1.43% | 1.50% | 1.47% |
| New Zealand bonds | 27.85% | 28.00% | 29.28% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NZD Cash Account (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 3.48% |
| 2 | IShares Core FTSE Global Infrastructure AUD Hedged ETF | Other | Other | AU | 1.97% |
| 3 | NZ Government Bond 15/05/30 4.50% | Bonds | New Zealand Fixed Interest | NZ | 1.56% |
| 4 | IShares Core FTSE Global Property ex Australia AUD Hedged ETF | Property | Listed Property | AU | 1.44% |
| 5 | NZ Government Bond 15/05/31 1.50% | Bonds | New Zealand Fixed Interest | NZ | 1.30% |
| 6 | Vanguard FTSE Emerging Markets ETF | Shares | International Equities | US | 1.30% |
| 7 | NZ Government Bond 20/04/29 3.0% | Bonds | New Zealand Fixed Interest | NZ | 1.25% |
| 8 | NZ Government Bond 14/04/33 3.50% | Bonds | New Zealand Fixed Interest | NZ | 1.25% |
| 9 | NZ Government Bond 15/05/35 4.50% | Bonds | New Zealand Fixed Interest | NZ | 1.23% |
| 10 | NZ Government Bond 15/05/36 4.25% | Bonds | New Zealand Fixed Interest | NZ | 1.17% |
Fees
0.67% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.55% | $165 | 0.70% |
| Other fees | 0.02% | $6 | 0.11% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.67% | $201 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 5.91% | 3.59% |
| 31 March 2018 | 3.27% | 3.30% |
| 31 March 2019 | 5.67% | 4.43% |
| 31 March 2020 | -2.63% | 1.24% |
| 31 March 2021 | 12.76% | 8.66% |
| 31 March 2022 | 0.24% | -0.64% |
| 31 March 2023 | -3.50% | -1.65% |
| 31 March 2024 | 7.37% | 6.61% |
| 31 March 2025 | 3.99% | 3.59% |
| 31 March 2026 | 4.94% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Jon Raby | Director - Smart | 5 months |
| Lisa Turnbull | Chief Executive Officer - Smart | 6 months |
| Stuart Kenneth Reginald Millar | Chief Investment Officer - Smart | 6 years, 10 months |