SUPERLIFE KIWISAVER SCHEME
Australian Dividend Fund
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View holdings changes →HoldingsMAJORMar 2026Top-10 turnover: 1 new, 1 droppedQuarter-on-quarter (Dec 2025 → Mar 2026)
About this aggressive fund
The Australian Dividend Fund is a KiwiSaver scheme fund offered by Smartshares within the SUPERLIFE KIWISAVER SCHEME. This aggressive fund allocates 100% of its assets to growth investments, with no allocation to income assets. The fund focuses on dividend-paying Australian equities and sits at the higher end of the issuer's risk spectrum for members seeking exposure to Australian share markets.
Over the 5-year period to 31 March 2026, the Australian Dividend Fund delivered an average annual return of 11.86%. The fund charges an annual fee of 0.69%, which is below the peer-median fee of 0.86% for aggressive KiwiSaver scheme funds in its cohort. The fund currently holds $2.2 million in assets across 206 members. Past performance is not a reliable indicator of future returns.
The FMA risk indicator places this fund at 5 out of 7, reflecting a high level of investment risk typical of growth-focused portfolios. A risk rating of 5/7 is generally considered appropriate for members with longer investment horizons who can tolerate significant short-term fluctuations in value. This risk profile is typically suited to those able to weather market volatility and who prioritise long-term capital growth over income stability. Past performance is not a reliable indicator of future returns.
Holdings
As of 2026-03-31 Australian Dividend Fund reports an asset mix of 100% growth assets (shares, listed property, alternatives) and 0% income assets (cash, bonds, fixed interest). This split is typical for a aggressive fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Performance
Australian Dividend Fund has 28 quarters of QFU data on file (2019-06-30 to 2026-03-31). The 5-year average annual return reported in the most recent QFU is 10.02%. Past performance is not a reliable indicator of future returns.
Fees
At 0.69% in annual charges, Australian Dividend Fund's fee sits 0.17 percentage points below the median for Aggressive KiwiSaver scheme funds in our coverage (median 0.86%). 32 of the 128 funds in this cohort charge a lower annual fee (this fund ranks 33 cheapest of 128). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Australian Dividend Fund carries a risk indicator of 5/7 on the FMA risk scale. Risk indicator 5-6 funds are typically considered for members with a long investment horizon (10+ years) who can tolerate larger short-term value swings in exchange for higher long-term return potential. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Returns
10.02%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 31 March 2026, after fees and taxes. Compare these results with the average Aggressive KiwiSaver scheme fund (light green).
10.02% for this fund — category median 6.41% across 89 Aggressive KiwiSaver scheme funds at 31 March 2026. This fund ranks 15 of 89 (83rd percentile) by five-year after-fee return.
Past performance is not an indicator of future performance.
Fees
0.69%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Aggressive KiwiSaver scheme funds (light blue).
Asset Mix
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 31 March 2026. The average mix foraggressive KiwiSaver scheme funds is shown in light blue.
Key Takeaways
Here’s the provider’s overview of the managed fund:
“ Invests in Australian shares and is designed to track the return (before tax, fees and other expenses) of the S&P/ASX Dividend Opportunities Index. ”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Asset mix
This fund's asset mix
Average for Aggressive funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Top 10 investments
These assets make up 74.85% of this fund.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | Telstra Group Ltd | 10.89 | |||
 | Commonwealth Bank of Australia | 9.75 | |||
 | Transurban Group | 9.36 | |||
 | Wesfarmers Ltd | 8.70 | |||
 | Santos Ltd | 7.04 | |||
 | Origin Energy Ltd | 7.02 | |||
 | Coles Group Ltd | 6.12 | |||
 | Westpac Banking Corp | 5.71 | |||
 | National Australia Bank Ltd | 5.53 | |||
 | ANZ Group Holdings Ltd | 4.73 |
Top-10 holdings changes
31 Dec 2025 → 31 Mar 2026
Santos Ltd7.04%
The top 10 investments make upwas 72.55%
Commonwealth Bank of Australia8.10% → 9.75% (+1.65 pp)
Telstra Group Ltd9.82% → 10.89% (+1.07 pp)
Origin Energy Ltd6.03% → 7.02% (+0.99 pp)
ANZ Group Holdings Ltd5.98% → 4.73% (-1.25 pp)
Westpac Banking Corp6.73% → 5.71% (-1.02 pp)
Wesfarmers Ltd9.68% → 8.70% (-0.98 pp)
National Australia Bank Ltd6.47% → 5.53% (-0.94 pp)
Transurban Group9.48% → 9.36% (-0.12 pp)
Fees
0.69%
This Fund
0.88%
Average Aggressive Kiwisaver funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Aggressive KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fees breakdown
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 0.59% | — |
| administration Administration fee | — | 30 |
Returns
10.02%
This Fund
5.26%
Average Aggressive Kiwisaver funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Aggressive KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risks
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Additional details
Manager information
| Name | SMARTSHARES LIMITED |
| Type | NZ Limited Company |
| Website | superlife.co.nz |
| NZBN | 9429038512483 |
| FSP Number | FSP26531 |
Fund information
| Asset liquidity ratio | 100.00% |
| Total value of fund | $2223664.68 |
| Debt ratio | 0.07% |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
AI · API · Markdown
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Identifiers
- FMA fund code
- FND2449
- FSP number
- FSP26531
- NZBN
- 9429038512483
- Provider
- Smartshares
- Scheme
- SUPERLIFE KIWISAVER SCHEME
Endpoints for Australian Dividend Fund
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Quick examples
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curl -s "https://fundcompare.co.nz/api/fund/Smartshares/australian-dividend-fund/facts.json" | jq .Python
import requests
data = requests.get("https://fundcompare.co.nz/api/fund/Smartshares/australian-dividend-fund/facts.json").json()
print(data["fund_name" if "fund" == "fund" else "name"])MCP (Claude Desktop / ChatGPT)
# Claude Code (CLI):
claude mcp add --transport http fundcompare https://fundcompare.co.nz/mcp
# Cursor / Cline / Continue (settings JSON):
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# Claude Desktop (UI): Settings → Connectors → Add custom connector
# URL: https://fundcompare.co.nz/mcp
# Claude Desktop via JSON (uses npx mcp-remote bridge):
{ "mcpServers": { "fundcompare": {
"command": "npx", "args": ["-y", "mcp-remote", "https://fundcompare.co.nz/mcp"]
} } }
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The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
Before making any investment decision, you should read the Product Disclosure Statement (PDS) for the fund carefully. If you have questions or are unclear about the implications of your investment decision, you should seek advice from a licensed Financial Advice Provider.
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