SuperLife Default

More than a third of this $740 million fund sits in a single holding: the iShares Core MSCI World Ex Australia ESG ETF. That concentration shapes everything about SuperLife Default, which delivers global share exposure through one blunt instrument rather than a diversified basket of managers or direct holdings.

The structure is stark and efficient. International shares account for 36 percent, Australasian shares another 13 percent, with the remainder split between New Zealand and international bonds, listed property and cash. The growth allocation sits at 54 percent, pitched at the middle of the risk spectrum with a level 4 rating. Fees land at 0.2 percent annually, among the lowest in the Default Options category. The fund returned 8.4 percent over the year to March 2025 and 11.1 percent annualised over three years. Beyond the dominant ETF, the next largest holding is a global property ETF at 6 percent, followed by a cash account and a scattering of New Zealand government bonds. Fisher & Paykel Healthcare is the sole individual company stock in the top ten, barely registering at 1 percent. This is index investing stripped to its frame: passive, transparent and built for scale.

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