SUPERLIFE KIWISAVER SCHEME
The Superlife Age Steps - Age 80 is a KiwiSaver scheme fund managed by Smartshares within the SUPERLIFE KIWISAVER SCHEME. It is classified as a defensive fund with a 3 out of 7 risk indicator on the FMA scale. The fund holds 90% in income assets and 10% in growth assets, positioning it toward capital preservation with modest growth potential. This fund sits at the conservative end of the Superlife range, designed for members in or approaching retirement.
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.
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.
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.
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.
Every fund page on FundCompare ships with structured JSON and a plain-markdown summary alongside the HTML — so LLMs, MCP clients, and analysts can cite the same regulator-sourced data the page renders. Source documents come from FMA Disclose, IRD, and Sorted Fund Finder.
Compare every fund within a KiwiSaver scheme on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
Over the five-year period to 31 March 2026, the fund delivered an average annual return of 1.56%. The annual fee is 0.66%, which is 0.05% higher than the peer-median fee of 0.61% for defensive KiwiSaver scheme funds in the same category. The fund currently holds $0.3 million in assets across 11 members. Past performance is not a reliable indicator of future returns.
A risk indicator of 3 out of 7 typically suits members with a lower tolerance for investment volatility, including those nearing or in retirement who prioritise capital stability over growth. This defensive positioning means the fund experiences smaller fluctuations in value but generally lower growth potential than higher-risk options. Members should consider their personal circumstances and investment timeframe when evaluating this risk profile. Past performance is not a reliable indicator of future returns.
As of 2026-03-31 Superlife Age Steps - Age 80 reports an asset mix of 10% growth assets (shares, listed property, alternatives) and 90% income assets (cash, bonds, fixed interest). This split is typical for a defensive fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Superlife Age Steps - Age 80 has 34 quarters of QFU data on file (2017-09-30 to 2026-03-31). The 5-year average annual return reported in the most recent QFU is 1.56%. Past performance is not a reliable indicator of future returns.
At 0.66% in annual charges, Superlife Age Steps - Age 80's fee sits 0.05 percentage points above the median for Defensive KiwiSaver scheme funds in our coverage (median 0.61%). 31 of the 49 funds in this cohort charge a lower annual fee (this fund ranks 32 cheapest of 49). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Superlife Age Steps - Age 80 carries a risk indicator of 3/7 on the FMA risk scale. Risk indicator 3-4 funds are typically considered for members with a medium investment horizon (3-10 years) or those balancing growth potential against shorter-term volatility. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
1.56%
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 Defensive KiwiSaver scheme fund (light green).
0.66%
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 Defensive KiwiSaver scheme funds (light blue).
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 31 March 2026. The average mix fordefensive KiwiSaver scheme funds is shown in light blue.
Here’s the provider’s overview of the managed fund:
“ SuperLife Age Steps automatically sets the proportion of your investment in income and growth assets based on your age. As you get older, the proportion of your investment in more volatile growth assets will be reduced, lowering the expected size of the ups and downs in the value of your investment. This option may be suitable if you are saving for retirement (assumed to be age 65), and assumes you will continue to invest your savings and spend them over your retirement period. Your SuperLife Age Steps - Age 80 investment will be allocated 90.1% to income assets and 9.9% to growth assets. ”
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.
This fund's asset mix
Average for Defensive funds
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.
These assets make up 27.81% of this fund.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
| NZ Government Bond 15/05/30 | 4.50 | ||||
| NZ Government Bond 15/05/35 | 4.50 | ||||
| NZD Cash Account (ANZ Bank) | 4.31 | ||||
| NZ Government Bond 15/05/36 | 4.25 | ||||
| NZ Government Bond 14/04/33 | 3.50 | ||||
| NZ Government Bond 20/04/29 | 3.0 | ||||
| NZ Government Bond 15/05/32 | 2.00 | ||||
| NZ Government Bond 15/05/31 | 1.50 | ||||
| NZ Government Bond 15/05/28 | 0.25 | ||||
| US Treasury Note 31/03/26 | 0.00 |
31 Dec 2025 → 31 Mar 2026
None this quarter.
0.66%
This Fund
0.55%
Average Defensive 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 Defensive KiwiSaver scheme fund, so you can compare them directly.
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.
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 0.56% | — |
| administration Administration fee | — | 30 |
1.56%
This Fund
1.35%
Average Defensive 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 Defensive KiwiSaver scheme funds is shown in grey.
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.
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.
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 | $311569.01 |
| Debt ratio | 0.17% |
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curl -s "https://fundcompare.co.nz/api/fund/Smartshares/superlife-age-steps-age-80/facts.json" | jq .import requests
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claude mcp add --transport http fundcompare https://fundcompare.co.nz/mcp
# Cursor / Cline / Continue (settings JSON):
{ "mcpServers": { "fundcompare": { "url": "https://fundcompare.co.nz/mcp" } } }
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# URL: https://fundcompare.co.nz/mcp
# Claude Desktop via JSON (uses npx mcp-remote bridge):
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Investing involves risk. The value of your KiwiSaver 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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