Smartshares Limited
SuperLife Income Fund
SuperLife KiwiSaver SchemeDefensive
What the provider says about this fund
Invests in income assets and is designed for investors that want an investment in New Zealand and international fixed interest. Negative annual returns may occur once in every 7-10 years on average.
1-year return
1.39%
5-year return p.a.
0.34%
Total annual fee
0.66%
Fund size ($m)
273.8
Members
15,784
Inception date
15 September 2013
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 19.31% | 20.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 40.25% | 40.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 40.43% | 40.00% | 28.46% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NZD Cash Account (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 4.69% |
| 2 | NZ Government Bond 15/05/30 4.50% | Bonds | New Zealand Fixed Interest | NZ | 2.25% |
| 3 | NZ Government Bond 15/05/31 1.50% | Bonds | New Zealand Fixed Interest | NZ | 1.88% |
| 4 | NZ Government Bond 14/04/33 3.50% | Bonds | New Zealand Fixed Interest | NZ | 1.81% |
| 5 | NZ Government Bond 20/04/29 3.0% | Bonds | New Zealand Fixed Interest | NZ | 1.80% |
| 6 | NZ Government Bond 15/05/35 4.50% | Bonds | New Zealand Fixed Interest | NZ | 1.77% |
| 7 | NZ Government Bond 15/05/36 4.25% | Bonds | New Zealand Fixed Interest | NZ | 1.70% |
| 8 | NZ Government Bond 15/05/28 0.25% | Bonds | New Zealand Fixed Interest | NZ | 1.67% |
| 9 | NZ Government Bond 15/05/32 2.00% | Bonds | New Zealand Fixed Interest | NZ | 1.49% |
| 10 | US Treasury Note 31/03/26 0.00% | Bonds | International Fixed Interest | US | 1.41% |
Fees
0.66% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.54% | $162 | 0.46% |
| Other fees | 0.02% | $6 | 0.06% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.66% | $198 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 2.67% | 1.52% |
| 31 March 2018 | 2.91% | 2.07% |
| 31 March 2019 | 3.44% | 2.39% |
| 31 March 2020 | 1.76% | 1.67% |
| 31 March 2021 | 3.29% | 1.64% |
| 31 March 2022 | -2.79% | -1.81% |
| 31 March 2023 | -2.28% | -0.19% |
| 31 March 2024 | 2.38% | 3.49% |
| 31 March 2025 | 3.17% | 3.79% |
| 31 March 2026 | 1.39% | 2.09% |
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 |