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:

      • 70% - Morningstar New Zealand (total return) Index including imputation credits
      • 30% - S&P/ASX 200 Accumulation Index (in NZD)

 

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 April 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

-1.45% 1.05% 12.13% 2.35% -1.84% 2.33%

Before tax & after fees

-1.45% 1.39% 12.68% 3.35% -1.47% 2.58%

 

 

Lifetime Australasian Shares Fund No.2

PIR Tax Rate

1-Month

3-Month

6-Month

12-Month

3-Years* 

5-Years* 

After tax & fees

-1.41% 1.03% 12.14% 2.43% -2.31% 2.89%

Before tax & after fees

-1.41% 1.37% 12.68% 3.42% -1.95% 3.12%

 

* 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.