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Superlife Kiwisaver Scheme SuperLife KiwiSaver scheme Castle Point 5 Oceans Fund Fund update for the quarter ended 31 March 2021 See the 'Other Material Information' document on the This fund update was first made publicly available on 3 offer register at May 2021. disclose-register.companiesoffice.govt.nz for further information about the risks of investing in the SuperLife What is the purpose of this update? KiwiSaver scheme. This document tells you how the Castle Point 5 Oceans How has the fund performed? Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. Smartshares Limited prepared this update in Past year accordance with the Financial Markets Conduct Act 2013. Annual return This information is not audited and may be updated. (after deductions for charges and tax) Not applicable Annual return Not applicable Description of this fund (after deductions for charges but before tax) The Castle Point 5 Oceans Fund invests in the Castle Market index annual return (reflects no deduction for charges and tax) 3.32% Point 5 Oceans Fund managed by Castle Point Funds Management Limited with the objective of outperforming The market index annual return is based on the annual (after fees and other expenses, but before tax) the return of the Reserve Bank of New Zealand Official Cash Reserve Bank of New Zealand Official Cash Rate by 3% Rate Index + 3%. Additional information about the market per annum over the medium to long-term. index is available in the 'Other Material Information' document on the offer register at Total value of the fund: $1,202,948 disclose-register.companiesoffice.govt.nz. Number of investors in the fund: 36 The date the fund started: 15 July 2020 What are the risks of investing? Risk indicator for the Castle Point 5 Oceans Fund1 Lower risk Higher risk 1 2 3 4 5 6 7 Potentially lower returns Potentially higher returns The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at sorted.org.nz/tools/investor-kickstarter. Note that even the lowest category does not mean a risk- free investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund’s future performance. The risk indicator is based on the returns data for 5 years to 31 March 2021. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. SuperLife KiwiSaver scheme 1 What fees are investors charged? What does the fund invest in? Investors in the Castle Point 5 Oceans Fund are charged Actual investment mix fund charges. These are as follows: This shows the types of assets that the fund invests in. Cash and cash % per annum of fund’s net asset value equivalents 6.10% Total fund charges (estimate) 1.44% Which are made up of: Total management and administration charges 1.44% (estimate) Including: Manager’s basic fee 0.38% Other management and 1.06% administration charges (estimate) Australasian equities Other charges Dollar amount per investor 93.90% 2 Administration fee $30 per annum Investors may also be charged individual action fees for specific actions or decisions (for example, if an investor has a financial adviser and has agreed to pay a fee to the Target investment mix adviser for providing financial advice). See the Product This shows the mix of assets that the fund generally Disclosure Statement for the SuperLife KiwiSaver scheme intends to invest in. for more information about those fees. Small differences in fees and charges can have a big Asset Category Target asset mix impact on your investment over the long term. Cash and cash equivalents - The fees set out above include GST where applicable. New Zealand fixed interest - Example of how this applies to an investor International fixed interest - Jess had $10,000 in the fund on 15 July 2020 and did not make any further contributions. On 31 March 2021, Jess Australasian equities 100.00% received a return after fund charges were deducted of International equities - $967 (that is 9.67% of her initial $10,000). Jess paid other charges of $20. This gives Jess a total gain after tax of Listed property - $947 for the 8 months and 15 days. Unlisted property - Commodities - Other - SuperLife KiwiSaver scheme 2 Top 10 investments 3 % of fund’s net Credit rating Name Type Country asset value (if applicable) Castle Point 5 Oceans Fund 93.17% Australasian equities New Zealand ANZ NZD Current Account 6.05% Cash and cash equivalents New Zealand AA- The top 10 investments make up 99.22% of the fund’s net asset value. Currency hedging The fund invests in the Castle Point Fund managed by Castle Point Funds Management Limited, within which foreign currency exposure may be hedged to the New Zealand dollar. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund: Time in previous / other Name Current position Time in current position Previous or other positions position Corporate Governance Guy Roulston Elliffe Director 5 years and 4 months Manager - ACC (current 5 years and 11 months position) Stuart Kenneth Chief Investment Head of Portfolio Management 1 year and 10 months 6 years and 4 months Reginald Millar Officer - Smartshares - ANZ Investments Chief Operating Officer - Chief Executive Hugh Duncan Stevens 3 years and 1 month Implemented Investment 2 years and 6 months Officer - Smartshares Solutions Ltd Investment Manager - Trust Alister John Williams Director 5 years and 4 months 6 years and 2 months Management Further information You can also obtain this information, the Product Disclosure Statement for the SuperLife KiwiSaver scheme, and some additional information, from the offer register at disclose-register.companiesoffice.govt.nz. Notes 1 Market index returns (as well as actual returns) have been used to complete the risk indicator, as the fund has not been in existence for 5 years. As a result, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund. The risk indicator for the fund uses 4 years and 4 months of market index returns. 2 The administration fee in the year to 31 March 2021 is stated net of an income tax deduction that was applied in calculating your PIE tax payable (the deduction was paid to us). On 1 April 2021, we stopped doing this – this means that if your prescribed investor rate is 10.5%, 17.5% or 28%, the total fee you will now pay us will be lower. 3 The top 10 investments listed in the table exclude current assets and current liabilities, and as a result do not sum to 100%. SuperLife KiwiSaver scheme 3 .
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