SuperLife Conservative

SuperLife Conservative sits in the Moderate category despite its name, with 29 percent in growth assets and a 0.57 percent total fee that includes a small performance component. The fund places 9th in its category for one-year returns at 6.9 percent, though its five-year figure of 3.6 percent annually reflects more subdued earlier periods. At 37 million in assets, this is a compact offering within the SuperLife stable.

The bond allocation dominates, split almost evenly between New Zealand government debt and international fixed interest at 28 percent each. The top holdings read like a Treasury ladder: government bonds maturing between 2029 and 2033, with the May 2030 4.5 percent issue the largest single position at 1.56 percent. Cash sits at 15 percent, with the ANZ account alone holding 3.48 percent. The growth sleeve leans international, with 19 percent in offshore shares including a Vanguard emerging markets ETF, while Australasian equities take just 6.6 percent. Infrastructure and global property ETFs round out the mix, both hedged to Australian dollars.

The structure is straightforward: bonds and cash form the ballast, with a measured tilt toward shares and alternative income streams. Three-year returns of 7.7 percent place it 14th in category, suggesting steady rather than standout performance over the medium term.

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