Smartshares Limited
SuperLife Age Steps - Age 70
SuperLife KiwiSaver SchemeBalanced
What the provider says about this fund
SuperLife Age Steps automatically sets the proportion of your investment in income and growth assets based on your age. As you get older, the proportion of your investment in more volatile growth assets will be reduced, lowering the expected size of the ups and downs in the value of your investment. This option may be suitable if you are saving for retirement (assumed to be age 65), and assumes you will continue to invest your savings and spend them over your retirement period. Your SuperLife Age Steps - Age 70 investment will be allocated 60.4% to income assets and 39.6% to growth assets.
1-year return
5.81%
5-year return p.a.
2.89%
Total annual fee
0.68%
Fund size ($m)
4.2
Members
81
Inception date
15 September 2013
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
39.69%
Income assets
60.31%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 9.20% | 9.20% | 13.93% |
| Cash and equivalents | 11.91% | 12.40% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 24.15% | 24.00% | 19.39% |
| International shares | 26.22% | 26.40% | 35.53% |
| Listed property | 2.03% | 2.00% | 2.24% |
| New Zealand bonds | 24.26% | 24.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NZD Cash Account (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 3.17% |
| 2 | IShares Core FTSE Global Infrastructure AUD Hedged ETF | Other | Other | AU | 2.26% |
| 3 | IShares Core FTSE Global Property ex Australia AUD Hedged ETF | Property | Listed Property | AU | 2.00% |
| 4 | Vanguard FTSE Emerging Markets ETF | Shares | International Equities | US | 1.80% |
| 5 | NZ Government Bond 15/05/30 4.50% | Bonds | New Zealand Fixed Interest | NZ | 1.35% |
| 6 | NVIDIA Corp | Shares | International Equities | US | 1.33% |
| 7 | Apple Inc | Shares | International Equities | US | 1.20% |
| 8 | NZ Government Bond 15/05/31 1.50% | Bonds | New Zealand Fixed Interest | NZ | 1.13% |
| 9 | NZ Government Bond 14/04/33 3.50% | Bonds | New Zealand Fixed Interest | NZ | 1.09% |
| 10 | NZ Government Bond 20/04/29 3.0% | Bonds | New Zealand Fixed Interest | NZ | 1.08% |
Fees
0.68% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.57% | $171 | 0.77% |
| Other fees | 0.01% | $3 | 0.09% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.68% | $204 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 6.41% | 6.00% |
| 31 March 2018 | 3.59% | 5.23% |
| 31 March 2019 | 5.08% | 5.82% |
| 31 March 2020 | -3.70% | -1.40% |
| 31 March 2021 | 15.68% | 18.18% |
| 31 March 2022 | 0.22% | 0.77% |
| 31 March 2023 | -3.30% | -2.77% |
| 31 March 2024 | 8.08% | 10.89% |
| 31 March 2025 | 4.03% | 4.36% |
| 31 March 2026 | 5.81% | 6.36% |
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 |