SuperLife Default

SuperLife Default charges 0.2 percent in total annual fees, a figure that places it among the least expensive default options in the KiwiSaver market. With $739.7 million under management, it splits its portfolio 54 percent to growth assets and 46 percent to income, a middle-ground stance that leans slightly more aggressive than some peers but stops well short of full equity exposure.

The fund builds its equity allocation around a single dominant holding: the iShares Core MSCI World Ex Australia ESG ETF accounts for 36.64 percent of the portfolio, delivering broad international share exposure through one instrument. The remainder spreads across Australasian shares (13.13 percent, with Fisher & Paykel Healthcare the largest direct holding at 1.07 percent), listed property (6.24 percent via a global property ETF), and New Zealand government bonds (17.93 percent, concentrated in maturities between 2029 and 2036). International bonds and cash round out the defensive side at 17.87 percent and 8.15 percent respectively.

Over the year to the data date, the fund returned 8.4 percent, with a three-year annualised figure of 11.1 percent. The structure is straightforward: low cost, globally diversified through ETFs, with a balanced tilt that sits between cautious and committed.

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