Funds for use by former-SuperLife UK Pension Transfer Scheme (SLUK) members only.

The NZD Growth Fund No. 2 is a New Zealand Dollar denominated fund invested mainly in growth assets with some exposure to income assets. The Fund is expected to experience high volatility.

 

Investment Objectives

Seeks to track composite indices (before annual fund charge and tax), comprising: 4% S&P/NZX Bank Bills 90-Day Index; 6% Bloomberg NZ Bond Govt 0+ Yr Index; 10% Bloomberg Global Aggregate Total Return Index, 100% hedged to NZD; 13% Morningstar New Zealand (total return) Index, including imputation credits; 6% S&P/ASX 200 Fossil Fuel Screened Total Return Index in NZD; 53% MSCI World Ex Australia ESG Screened Index, 50% hedged to NZD; 2% S&P/NZX Real Estate Select Index; 2% Dow Jones Global Select ESG Tilted RESI, 100% hedged to NZD; 4% Dow Jones Brookfield Global Infrastructure Index, 100% hedged to NZD.

Investment Managers

The table below sets out the target asset allocation and underlying investment for the Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).

Asset class Investment Manager Product Name Benchmark asset allocation
Cash and cash equivalents   Cash at Bank 4%
New Zealand fixed Interest Simplicity NZ Limited Simplicity NZ Bond Fund 6%
International fixed interest  Smartshares Limited Smart Wholesale Global Government Bond Fund 5%
Smart Wholesale Global Credit Fund 5%
Total income assets     20%
Australasian equities  Simplicity NZ Limited Simplicity NZ Share Fund 13%
Smartshares Limited Smart Wholesale Australian Equity ESG Fund 6%
International equities  Smartshares Limited Smart Wholesale Global Equity ESG Fund 26.5%
Smart Wholesale Global Equity ESG Fund Hedged 26.5%
Listed property  Kernel Wealth Limited Kernel NZ Commercial Property Fund 2%
Kernel Global Property (NZD Hedged) Fund 2%
Other (Listed infrastructure) Kernel Wealth Limited Kernel Global Infrastructure (NZD Hedged) Fund 4%
Total growth assets     80%
Total assets     100%

 

1 The Benchmark Asset Allocation, Maximum, Currency Hedging and Operating ranges are set out in the SIPO.

 

Fund Performance

As the NZD Growth Fund No.2 is recently established, performance information will be made available once sufficient performance history is available.