# Quarterly Fund Update — smartshares (2025-Q4)

> KiwiSaver scheme **smartshares** — Quarterly Fund Update filing covering period ending **2025-12-31**.
> Source: filed with FMA Disclose register. Canonical: https://fundcompare.co.nz/filings/qfu/smartshares/2025-q4

## Funds covered

| Fund | Fees (1y) | 1y return | 3y return | 5y avg return | AUM (NZD) | Members | Growth assets |
|------|-----------|-----------|-----------|---------------|-----------|---------|---------------|
| Asia Pacific Fund | 0.59% | 27.31% | — | 8.83% | NZD $10,205,245 | 1,023 | — |
| Quaystreet High Growth Fund | 0.63% | 13.12% | — | 8.73% | NZD $785,103,037 | 20,700 | — |
| Superlife Age Steps - Age 50 | 0.61% | 10.44% | — | 6.57% | — | 288 | — |
| Conservative Fund | 0.57% | 6.04% | — | 2.93% | NZD $37,045,157 | 702 | — |
| Total World Fund | 0.58% | 17.10% | — | 13.86% | NZD $29,801,788 | 1,228 | — |
| Nz Property Fund | 0.59% | 11.10% | — | -2.35% | NZD $8,812,886 | 984 | — |
| Superlife Age Steps - Age 40 | 0.62% | 10.97% | — | 7.00% | — | 309 | — |
| Nz Mid Cap Fund | 0.59% | 18.06% | — | 2.19% | NZD $7,781,307 | 789 | — |
| Australian Financials Fund | 0.59% | 15.34% | — | 16.19% | NZD $15,987,846 | 1,032 | — |
| Ethica Fund | 0.70% | 9.07% | — | 5.52% | NZD $74,536,783 | 1,472 | 6.0% |
| Superlife Default Fund | 0.20% | 7.69% | — | — | NZD $739,732,636 | 55,941 | — |
| Castle Point 5 Oceans Fund | 1.28% | 9.02% | — | 3.91% | NZD $963,336 | 63 | — |
| Superlife Age Steps - Age 30 | 0.62% | 10.97% | — | 7.00% | — | 250 | — |
| Overseas Shares (Currency Hedged) Fund | 0.58% | 17.16% | — | 12.11% | NZD $30,560,164 | 1,668 | — |
| Nz Top 10 Fund | 0.59% | -4.94% | — | -1.09% | NZD $4,718,476 | 388 | — |
| Nz Dividend Fund | 0.59% | 17.39% | — | 2.51% | NZD $4,172,484 | 355 | — |
| Global Aggregate Bond Fund | 0.59% | 2.05% | — | -2.00% | NZD $1,284,045 | 103 | — |
| Superlife Age Steps - Age 60 | 0.60% | 8.61% | — | 5.12% | — | 285 | — |
| Quaystreet Income Fund | 0.56% | 2.44% | — | 0.08% | NZD $279,117,837 | 15,835 | — |
| US 500 Fund | 0.54% | 12.35% | — | 17.51% | NZD $114,123,412 | 3,307 | — |
| Superlife Age Steps - Age 70 | 0.58% | 6.69% | — | 3.59% | — | 68 | — |
| Growth Fund | 0.61% | 10.85% | — | 7.07% | NZD $83,732,637 | 1,721 | — |
| Australian Mid Cap Fund | 0.59% | 20.77% | — | 10.37% | NZD $34,040,068 | 1,454 | — |
| UK Cash Fund | 0.52% | 2.46% | — | 2.34% | NZD $68,002,408 | 3,134 | — |
| Balanced Fund | 0.60% | 9.10% | — | 5.37% | NZD $85,754,960 | 1,383 | — |
| Australian Shares Fund | 0.59% | 11.26% | — | 9.52% | NZD $23,812,176 | 1,658 | — |
| Australian Property Fund | 0.59% | 22.62% | — | 5.64% | NZD $3,884,298 | 527 | — |
| Global Property Fund | 0.58% | 10.51% | — | 1.77% | NZD $16,643,091 | 1,619 | — |
| US Mid Cap Fund | 0.57% | 8.88% | — | 11.71% | NZD $5,224,786 | 624 | — |
| Australian Top 20 Fund | 0.59% | 11.97% | — | 10.30% | NZD $6,590,427 | 594 | — |
| US Large Value Fund | 0.57% | 10.81% | — | 15.78% | NZD $12,645,865 | 804 | — |
| Australian Resources Fund | 0.59% | 38.95% | — | 10.56% | NZD $20,149,662 | 1,247 | — |
| Total World (Nzd Hedged) Fund | 0.58% | 16.16% | — | 10.28% | NZD $6,809,629 | 286 | — |
| Europe Fund | 0.59% | 30.44% | — | 12.80% | NZD $16,251,898 | 987 | — |
| US Small Cap Fund | 0.57% | 3.99% | — | 10.02% | NZD $6,104,750 | 624 | — |
| Overseas Non-Government Bonds Fund | 0.54% | 3.37% | — | -0.38% | NZD $18,905,558 | 1,533 | — |
| Emerging Markets Fund | 0.73% | 19.87% | — | 7.25% | NZD $29,489,707 | 2,549 | — |
| Superlife Age Steps - Age 80 | 0.56% | 3.50% | — | 1.02% | — | 11 | — |
| Nz Top 50 Fund | 0.59% | 6.02% | — | 0.41% | NZD $56,829,212 | 1,877 | — |
| Overseas Bonds Fund | 0.59% | 4.02% | — | 0.20% | NZD $10,404,049 | 1,215 | — |
| Nz Shares Fund | 0.59% | 6.03% | — | 0.41% | NZD $25,471,748 | 1,786 | — |
| Superlife Age Steps - Age 20 | 0.63% | 12.69% | — | 8.38% | — | 290 | — |
| Australian Dividend Fund | 0.59% | 18.55% | — | 9.04% | NZD $2,046,438 | 206 | — |
| Overseas Shares Fund | 0.58% | 16.46% | — | 15.03% | NZD $37,854,268 | 1,904 | — |
| Nz Bonds Fund | 0.54% | 3.56% | — | 1.28% | NZD $37,055,217 | 2,306 | — |

_Returns are after fees and tax at PIR 28%, sourced from the QFU PDF as filed with FMA Disclose._

## Source documents

- **Scheme-wide PDF**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_age_steps_-_age_20.pdf
  - SHA-256: `40ba9634dfc4a0ed…`
  - Ingested: 2026-05-15
- **Fund: age-steps-age-30**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_age_steps_-_age_30.pdf
  - SHA-256: `5b57f6fef6ac5528…`
  - Ingested: 2026-05-16
- **Fund: age-steps-age-40**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_age_steps_-_age_40.pdf
  - SHA-256: `1fc8fa9e6cb61730…`
  - Ingested: 2026-05-16
- **Fund: age-steps-age-50**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_age_steps_-_age_50.pdf
  - SHA-256: `c9f8faf10dcd190c…`
  - Ingested: 2026-05-16
- **Fund: age-steps-age-60**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_age_steps_-_age_60.pdf
  - SHA-256: `95370d4e99074164…`
  - Ingested: 2026-05-16
- **Fund: age-steps-age-70**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_age_steps_-_age_70.pdf
  - SHA-256: `d20da5a2c1ac0d0a…`
  - Ingested: 2026-05-16
- **Fund: age-steps-age-80**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_age_steps_-_age_80.pdf
  - SHA-256: `716fb9a73c640ec4…`
  - Ingested: 2026-05-16
- **Fund: asia-pacific**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_asia_pacific_fund.pdf
  - SHA-256: `3ebc8b54830e3bad…`
  - Ingested: 2026-05-16
- **Fund: australian-dividend**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_australian_dividend_fund.pdf
  - SHA-256: `490f5f3d6726cee2…`
  - Ingested: 2026-05-16
- **Fund: australian-financials**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_australian_financials_fund.pdf
  - SHA-256: `3d58473496354c81…`
  - Ingested: 2026-05-16
- **Fund: australian-mid-cap**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_australian_mid_cap_fund.pdf
  - SHA-256: `42a62cf5b1073658…`
  - Ingested: 2026-05-16
- **Fund: australian-property**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_australian_property_fund.pdf
  - SHA-256: `5ddbfebfab703b04…`
  - Ingested: 2026-05-16
- **Fund: australian-resources**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_australian_resources_fund.pdf
  - SHA-256: `d003200787738794…`
  - Ingested: 2026-05-16
- **Fund: australian-shares**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_australian_shares_fund.pdf
  - SHA-256: `8b9a5c8fc48a211c…`
  - Ingested: 2026-05-16
- **Fund: australian-top-20**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_australian_top_20_fund.pdf
  - SHA-256: `aec658cae9325a62…`
  - Ingested: 2026-05-16
- **Fund: balanced**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_balanced_fund.pdf
  - SHA-256: `ae6fd62a6963f36c…`
  - Ingested: 2026-05-15
- **Fund: cash**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_nz_cash_fund.pdf
  - SHA-256: `68bc8cec1cf34f44…`
  - Ingested: 2026-05-15
- **Fund: castle-point-5-oceans**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_castle_point_5_oceans_fund.pdf
  - SHA-256: `1f7a70e2bafbd0ff…`
  - Ingested: 2026-05-16
- **Fund: conservative**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_conservative_fund.pdf
  - SHA-256: `f0122e3218f090bb…`
  - Ingested: 2026-05-15
- **Fund: default**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_default_fund.pdf
  - SHA-256: `75e2786e1ce72402…`
  - Ingested: 2026-05-15
- **Fund: emerging**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_emerging_markets_fund.pdf
  - SHA-256: `2356125bea3cc520…`
  - Ingested: 2026-05-16
- **Fund: ethica**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_ethica_fund.pdf
  - SHA-256: `3a7952192b7a7a50…`
  - Ingested: 2026-05-16
- **Fund: europe**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_europe_fund.pdf
  - SHA-256: `26f31712b7145afe…`
  - Ingested: 2026-05-16
- **Fund: global-aggregate-bond**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_global_aggregate_bond_fund.pdf
  - SHA-256: `1cd088d494815183…`
  - Ingested: 2026-05-16
- **Fund: global-property**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_global_property_fund.pdf
  - SHA-256: `21eab3bd89d989fc…`
  - Ingested: 2026-05-16
- **Fund: growth**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_growth_fund.pdf
  - SHA-256: `bfb3885022b05101…`
  - Ingested: 2026-05-15
- **Fund: high-growth**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_high_growth_fund.pdf
  - SHA-256: `9ab722b1061e2137…`
  - Ingested: 2026-05-15
- **Fund: income**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_superlife_income_fund.pdf
  - SHA-256: `d864d3de131d14bd…`
  - Ingested: 2026-05-15
- **Fund: nz-bonds**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_nz_bonds_fund.pdf
  - SHA-256: `6dc7fd521d87ccc1…`
  - Ingested: 2026-05-16
- **Fund: nz-dividend**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_nz_dividend_fund.pdf
  - SHA-256: `37542e26d961a2c6…`
  - Ingested: 2026-05-16
- **Fund: nz-mid-cap**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_nz_mid_cap_fund.pdf
  - SHA-256: `a5aad392a47586ca…`
  - Ingested: 2026-05-16
- **Fund: nz-property**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_nz_property_fund.pdf
  - SHA-256: `ef2d0e7b4aa34cc7…`
  - Ingested: 2026-05-16
- **Fund: nz-shares**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_nz_shares_fund.pdf
  - SHA-256: `a133ceb6052d5a43…`
  - Ingested: 2026-05-16
- **Fund: nz-top-10**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_nz_top_10_fund.pdf
  - SHA-256: `c2423f936c6ea12d…`
  - Ingested: 2026-05-16
- **Fund: nz-top-50**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_nz_top_50_fund.pdf
  - SHA-256: `e236e3ca68b02cd9…`
  - Ingested: 2026-05-16
- **Fund: overseas-bonds**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_overseas_bonds_fund.pdf
  - SHA-256: `107fae021369b456…`
  - Ingested: 2026-05-16
- **Fund: overseas-non-government-bonds**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_overseas_non-government_bonds_fund.pdf
  - SHA-256: `f15e4e7cc2668aeb…`
  - Ingested: 2026-05-16
- **Fund: overseas-shares**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_overseas_shares_fund.pdf
  - SHA-256: `794bc3f63809dab6…`
  - Ingested: 2026-05-16
- **Fund: overseas-shares-currency-hedged**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_overseas_shares_(currency_hedged)_fund.pdf
  - SHA-256: `bb06ac7adb2d7ee6…`
  - Ingested: 2026-05-16
- **Fund: s-p-asx-200**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_s&p_asx_200_fund.pdf
  - SHA-256: `0fb480881fa46143…`
  - Ingested: 2026-05-16
- **Fund: s-p-nzx-50**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_s&p_nzx_50_fund.pdf
  - SHA-256: `f8d4688cb743e892…`
  - Ingested: 2026-05-16
- **Fund: s-p-nzx-nz-government-bond**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_s&p_nzx_nz_government_bond_fund.pdf
  - SHA-256: `4c3cdd86cce1a2c2…`
  - Ingested: 2026-05-16
- **Fund: total-world**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_total_world_fund.pdf
  - SHA-256: `a79073dcb4ccd9d2…`
  - Ingested: 2026-05-16
- **Fund: total-world-nzd-hedged**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_total_world_(nzd_hedged)_fund.pdf
  - SHA-256: `778e040d678a2ac3…`
  - Ingested: 2026-05-16
- **Fund: us-500**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_us_500_fund.pdf
  - SHA-256: `5c082020404e431c…`
  - Ingested: 2026-05-16
- **Fund: us-large-value**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_us_large_value_fund.pdf
  - SHA-256: `fd2c4acf7a230e37…`
  - Ingested: 2026-05-16
- **Fund: us-mid-cap**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_us_mid_cap_fund.pdf
  - SHA-256: `3c19b026b1b4972e…`
  - Ingested: 2026-05-16
- **Fund: us-small-cap**
  - Original PDF: https://www.superlife.co.nz/files/LegalDocs/SLKS-FundUpdates/2025-Dec/superlife%20kiwisaver%20scheme%20fund%20update_us_small_cap_fund.pdf
  - SHA-256: `9e20541cb8c1f3de…`
  - Ingested: 2026-05-16

## Data sources

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/
- IRD KiwiSaver — https://www.ird.govt.nz/kiwisaver
- Sorted Fund Finder — https://fundfinder.sorted.org.nz/

## Machine-readable surface

- Facts JSON: https://fundcompare.co.nz/api/qfu/smartshares/2025-q4/facts.json
- Crawlable HTML: https://fundcompare.co.nz/filings/qfu/smartshares/2025-q4

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This is an informational summary published by FundCompare NZ (https://fundcompare.co.nz) using publicly available data from the FMA Disclose register, IRD KiwiSaver, and Sorted Fund Finder. It does not constitute financial advice. FundCompare NZ is not a licensed Financial Advice Provider. Past performance is not indicative of future results — read each scheme's Product Disclosure Statement and consult a licensed financial adviser before making any decision. KiwiSaver® is a registered trademark of Inland Revenue.