Lifetime Cash Fund

   

The Lifetime Cash Fund is a single sector fund that provides exposure to Cash & Cash Equivalents. It is invested 100% in income assets (Cash & Cash Equivalents). The fund seeks to track the S&P/NZX Bank Bills 90-Day Index. It does this through investing 100% into the Fisher Institutional New Zealand Cash Fund.

 

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

Cash & Cash Equivalents

Fisher

Fisher

Fisher Institutional New Zealand Cash Fund

100%

 

 

Fund Performance

Find below the performance to 30 April 2024. The returns are after tax & fees (at 28%), and before tax & after fees.

 

PIR Tax Rate

1-Month

3-Month

6-Month

12-Month

3-Years* 

5-Years*

After tax & fees

0.35% 1.03% 2.20% 4.39% 1.28% 0.31%

Before tax & after fees

0.48% 1.43% 3.06% 6.15% 1.78% 0.42%

* Returns over 1-year are annualised

 

The ‘AMP Cash Fund’ was renamed the ‘Lifetime Cash Fund’ when Lifetime Asset Management acquired the Scheme on 1 March 2023. Performance therefore reflects the ‘AMP Growth Fund’ prior to 1 March 2023.