Smartshares Limited
SuperLife Default Fund
SuperLife KiwiSaver SchemeBalanced
What the provider says about this fund
The SuperLife Default Fund invests in a mix of income and growth assets. Designed for investors that want a balanced investment option. Excludes investments in illegal weapons (cluster munitions, anti-personnel mines and nuclear explosive devices) and fossil fuel production. Negative annual returns may occur once in every 5– 7 years on average.
1-year return
7.14%
5-year return p.a.
3.77%
Total annual fee
0.30%
Fund size ($m)
719.6
Members
56,178
Inception date
1 December 2021
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
54.89%
Income assets
45.11%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 12.64% | 13.00% | 13.93% |
| Cash and equivalents | 8.97% | 9.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 17.94% | 18.00% | 19.39% |
| International shares | 36.20% | 36.00% | 35.53% |
| Listed property | 6.05% | 6.00% | 2.24% |
| New Zealand bonds | 18.20% | 18.00% | 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 | IShares Core MSCI World Ex Australia ESG ETF | Shares | International Equities | AU | 36.19% |
| 2 | IShares Core FTSE Global Property ex Australia AUD Hedged ETF | Property | Listed Property | AU | 6.09% |
| 3 | NZD Cash Account (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 2.91% |
| 4 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 1.05% |
| 5 | NZ Government Bond 15/05/30 4.50% | Bonds | New Zealand Fixed Interest | NZ | 1.02% |
| 6 | NZ Government Bond 15/05/31 1.50% | Bonds | New Zealand Fixed Interest | NZ | 0.85% |
| 7 | NZ Government Bond 14/04/33 3.50% | Bonds | New Zealand Fixed Interest | NZ | 0.82% |
| 8 | NZ Government Bond 20/04/29 3.0% | Bonds | New Zealand Fixed Interest | NZ | 0.81% |
| 9 | NZ Government Bond 15/05/35 4.50% | Bonds | New Zealand Fixed Interest | NZ | 0.81% |
| 10 | NZ Government Bond 15/05/36 4.25% | Bonds | New Zealand Fixed Interest | NZ | 0.77% |
Fees
0.30% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.18% | $54 | 0.77% |
| Other fees | 0.02% | $6 | 0.09% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.30% | $90 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2023 | -2.33% | -2.77% |
| 31 March 2024 | 12.28% | 10.89% |
| 31 March 2025 | 3.42% | 4.36% |
| 31 March 2026 | 7.14% | 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 |