Superlife KiwiSaver Scheme: funds, fees and returns
Run by Smartshares Limited On Cam's implementation panel Currently rebranding to Smart KiwiSaver
The Superlife KiwiSaver Scheme is a KiwiSaver scheme run by Smartshares Limited. It has 43 open funds on the Disclose Register, in the defensive, conservative, balanced, growth and aggressive categories, with annual fund charges of 0.20% to 1.26%. This page explains each fund using what the provider has disclosed, with the Morningstar return where there is one. It is general information, not a recommendation to join or switch.
- Open funds
- 43Listed on the Disclose Register
- Annual fund charge
- 0.20% to 1.26%Total, as a share of the amount invested
- Risk indicators
- 2 to 6 of 7Disclosed by the provider
- Combined fund size
- $3.12 billionAcross the open funds listed here
Every open fund in the Superlife KiwiSaver Scheme
Funds are listed from lowest to highest risk category, then by name. That is an order of risk, not of merit. A fund's own page is linked where Cam has built one.
| Fund | Category | Risk indicator | Annual fund charge | Fund size | Morningstar return |
|---|---|---|---|---|---|
| NZ Cash Fund | Defensive | 2 of 7 | 0.52% | $73.4 million | 2.8% (10-year) |
| UK Cash Fund | Defensive | 4 of 7 | 0.49% | $2.7 million | 2.7% (10-year) |
| Global Aggregate Bond Fund | Conservative | 3 of 7 | 0.59% | $1.5 million | -0.5% (5-year) |
| NZ Bonds Fund | Conservative | 3 of 7 | 0.54% | $37.6 million | 3.3% (10-year) |
| Overseas Bonds Fund | Conservative | 3 of 7 | 0.59% | $11.1 million | 2.2% (10-year) |
| Overseas Non-Government Bonds Fund | Conservative | 4 of 7 | 0.54% | $18.9 million | 1.3% (10-year) |
| S&P/NZX NZ Government Bond Fund | Conservative | 3 of 7 | 0.54% | $1.3 million | 0.8% (5-year) |
| Superlife Conservative Fund | Conservative | 3 of 7 | 0.57% | $37.8 million | 4.9% (10-year) |
| Superlife Income Fund | Conservative | 3 of 7 | 0.56% | $294.4 million | 2.4% (10-year) |
| Ethica Fund | Balanced | 4 of 7 | 0.70% | $78.2 million | 7.5% (10-year) |
| Superlife Balanced Fund | Balanced | 4 of 7 | 0.60% | $92.0 million | 7.3% (10-year) |
| Superlife Default Fund | Balanced | 4 of 7 | 0.20% | $786.2 million | 10.1% (3-year) |
| Superlife Growth Fund | Growth | 4 of 7 | 0.61% | $93.4 million | 8.7% (10-year) |
| US Large Growth Fund | Growth | 6 of 7 | 0.57% | $162.8 million | 19.6% (10-year) |
| Asia Pacific Fund | Aggressive | 5 of 7 | 0.59% | $16.3 million | None reported |
| Australian Dividend Fund | Aggressive | 5 of 7 | 0.59% | $3.2 million | 9.5% (10-year) |
| Australian Financials Fund | Aggressive | 6 of 7 | 0.59% | $15.8 million | 11.5% (10-year) |
| Australian Mid Cap Fund | Aggressive | 5 of 7 | 0.59% | $33.3 million | 11.7% (10-year) |
| Australian Property Fund | Aggressive | 6 of 7 | 0.59% | $3.3 million | 5.5% (10-year) |
| Australian Resources Fund | Aggressive | 6 of 7 | 0.59% | $29.0 million | 16.7% (10-year) |
| Australian Shares Fund | Aggressive | 5 of 7 | 0.59% | $24.8 million | 10.4% (10-year) |
| Australian Top 20 Fund | Aggressive | 5 of 7 | 0.59% | $7.5 million | 11.6% (10-year) |
| Castle Point 5 Oceans Fund | Aggressive | 3 of 7 | 1.26% | $934,378 | None reported |
| Emerging Markets Fund | Aggressive | 5 of 7 | 0.73% | $32.2 million | 9.5% (10-year) |
| Europe Fund | Aggressive | 5 of 7 | 0.59% | $17.8 million | 11.5% (10-year) |
| Global Property Fund | Aggressive | 6 of 7 | 0.58% | $16.7 million | 4.2% (10-year) |
| NZ Dividend Fund | Aggressive | 5 of 7 | 0.59% | $4.2 million | 7.3% (10-year) |
| NZ Mid Cap Fund | Aggressive | 5 of 7 | 0.59% | $7.1 million | 8.2% (10-year) |
| NZ Property Fund | Aggressive | 5 of 7 | 0.59% | $8.3 million | 4.2% (10-year) |
| NZ Shares Fund | Aggressive | 5 of 7 | 0.59% | $24.6 million | 6.0% (10-year) |
| NZ Top 10 Fund | Aggressive | 5 of 7 | 0.59% | $4.1 million | None reported |
| NZ Top 50 Fund | Aggressive | 5 of 7 | 0.59% | $54.1 million | 7.6% (10-year) |
| Overseas Shares (Currency Hedged) Fund | Aggressive | 5 of 7 | 0.58% | $31.6 million | 11.3% (10-year) |
| Overseas Shares Fund | Aggressive | 5 of 7 | 0.58% | $40.7 million | 14.4% (10-year) |
| S&P/Asx 200 Fund | Aggressive | 5 of 7 | 0.59% | $6.1 million | 9.8% (5-year) |
| S&P/NZX 50 Fund | Aggressive | 5 of 7 | 0.59% | $6.0 million | 1.8% (5-year) |
| Superlife High Growth Fund | Aggressive | 5 of 7 | 0.63% | $839.0 million | 10.1% (10-year) |
| Total World (NZD Hedged) Fund | Aggressive | 5 of 7 | 0.58% | $9.9 million | 10.4% (5-year) |
| Total World Fund | Aggressive | 5 of 7 | 0.58% | $37.9 million | 14.5% (10-year) |
| US 500 Fund | Aggressive | 5 of 7 | 0.54% | $127.6 million | 17.1% (10-year) |
| US Large Value Fund | Aggressive | 5 of 7 | 0.57% | $14.7 million | 14.3% (10-year) |
| US Mid Cap Fund | Aggressive | 5 of 7 | 0.57% | $5.2 million | 13.6% (10-year) |
| US Small Cap Fund | Aggressive | 6 of 7 | 0.57% | $6.5 million | 13.5% (10-year) |
Source: the Disclose Register, read on 4 October 2026. Morningstar returns are annualised, after fees and before tax, from the Morningstar KiwiSaver Survey, the three months to 30 June 2026, published 30 July 2026. The risk indicator is the provider's own, on a scale of 1 to 7. Past performance does not guarantee future returns. A fund the Morningstar report does not cover, or covers with under three years of history, has no figure here.
How spread out are the funds?
Each fund page and the directory show how many holdings a fund lists and how much sits in its largest. In this scheme, UK Cash Fund, Global Aggregate Bond Fund, Superlife Default Fund, US Large Growth Fund, Asia Pacific Fund, Australian Financials Fund, Australian Resources Fund, Castle Point 5 Oceans Fund, Emerging Markets Fund, Europe Fund, Global Property Fund, Total World (NZD Hedged) Fund, Total World Fund, US 500 Fund, US Large Value Fund, US Mid Cap Fund and US Small Cap Fund have 25% or more of the fund in a single holding. A fund that invests through another fund lists it as one holding, so a small count is not a fault. The risk indicator measures how much a fund's value has moved, not how concentrated it is.
How the Superlife KiwiSaver Scheme fits with Cam's advice
This scheme is on Cam's selected implementation panel of ten KiwiSaver schemes. Cam reviews and compares providers and funds across the wider New Zealand market, and a recommendation may be to stay where you are. Where a change is recommended, he can put it in place through a panel scheme. Being on the panel is not a recommendation to choose this scheme. How Solid Steele is paid depends on the scheme and is set out in the disclosure statement. See how the panel schemes compare in the KiwiSaver provider comparison.
Where this comes from
Scheme and fund details are from the Disclose Register (opens in a new tab), read on 4 October 2026. The scheme was registered on 7 November 2016. Returns are from the same Morningstar report as the Morningstar returns comparison. Read the provider's current Product Disclosure Statement before you decide.
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