Lifetime Australasian Shares Fund, & Lifetime Australasian Shares Fund No.2
The Lifetime Australasian Shares Fund ant the Lifetime Australasian Shares Fund No.2 are single sector funds that provides exposure to Australasian Equities. They are invested 100% in growth assets (Australasian Equities). It does this through investing 70% in the Simplicity NZ Share Fund and 30% in the Mercer Macquarie Australian Shares Fund.
The fund seeks to track a composite index (before annual fund charge and tax), comprising:
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- 70% - Morningstar New Zealand (total return) Index including imputation credits
- 30% - S&P/ASX 200 Accumulation Index (in NZD)
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Underlying Managers & Target Asset Allocations
The table below sets out the target asset allocation and underlying investment managers for the Fund.
For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).
|
Asset Class |
Underlying Fund Managers |
Investment Managers |
Product Name |
Benchmark Asset Allocation |
|
Australasian Equities |
Simplicity |
Simplicity |
Simplicity NZ Share Fund |
70% |
|
Australasian Equities |
Mercer |
Macquarie |
Mercer Macquarie Australian Shares Fund |
30% |
Fund Performance
Find below the performance to 30 June 2024. The returns are after tax & fees (at 28%), and before tax & after fees.
Lifetime Australasian Shares Fund
|
PIR Tax Rate |
1-Month |
3-Month |
6-Month |
12-Month |
3-Years* |
5-Years* |
|
After tax & fees |
-0.32% | -2.40% | 1.00% | 1.84% | -2.41% | 1.36% |
|
Before tax & after fees |
-0.26% | -2.30% | 1.46% | 2.85% | -2.00% | 1.62% |
Lifetime Australasian Shares Fund No.2
|
PIR Tax Rate |
1-Month |
3-Month |
6-Month |
12-Month |
3-Years* |
5-Years* |
|
After tax & fees |
-0.31% | -2.37% | 0.98% | 1.89% | -2.26% | 1.73% |
|
Before tax & after fees |
-0.24% | -2.27% | 1.44% | 2.90% | -1.87% | 1.98% |
* Returns over 1-year are annualised
The ‘AMP Australasian Shares Fund’ and the ‘AMP Australasian Shares Fund No.2’ were renamed the ‘Lifetime Australasian Shares Fund’ and the ‘Lifetime Australasian Shares Fund No.2’ respectively when Lifetime Asset Management acquired the Scheme on 1 March 2023. Performance therefore reflects the ‘AMP Australasian Shares Fund’ and the ‘AMP Australasian Shares Fund No.2’ prior to 1 March 2023.