Summer Balanced Selection

SuperLife's Summer Balanced Selection sits at 24th in its category over one year despite a respectable 8.9% return, with its five-year record placing it 22nd at 4.6% annually. The fund splits 57% to growth assets and 43% to income, tilting more conservatively than many balanced rivals.

The portfolio's largest single holding is the Hunter Global Fixed Interest Fund at 18.09%, a concentration unusual for a diversified fund and one that anchors nearly the entire international bond allocation. New Zealand government bonds make up another fifth of the fund, with individual holdings like the 1.5% 2031 issue taking 1.8%. International shares account for 30.2%, led by Vanguard's ESG US Stock ETF and Microsoft, while Australasian equities run to 19.35%, with Fisher & Paykel Healthcare the standout at 1.87%. Listed property adds 7.73%, concentrated in three New Zealand trusts: Precinct, Goodman and Kiwi Property.

Total fees come to 0.9%, including a 0.12% performance charge. The fund holds $130.2 million in assets and structures its growth exposure around a heavy reliance on that single offshore fixed interest fund, a design choice that distinguishes it from peers spreading international bonds more broadly.

General information only, not financial advice. Past performance is not a reliable indicator of future results.