Lifetime Overseas Bond Fund

   

The Lifetime Overseas Bond Fund is a single sector fund that provides exposure to International Fixed Interest. It is invested 100% in income assets (International Fixed Interest). The fund seeks to track the Bloomberg MSCI Global Aggregate SRI Select ex-Fossil Fuels Index, 100% hedged to NZD. It does this through investing 100% into the Mercer Ethical Leaders Hedged Global Fixed Interest 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

International Fixed Interest

Mercer

UBS

Mercer Ethical Leaders Hedged Global Fixed Interest 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

-1.21% -1.17% 3.25% 0.46% -3.19% -1.73%

Before tax & after fees

-1.71% -1.66% 4.48% 1.40% -4.16% -2.25%

* Returns over 1-year are annualised

 

The ‘AMP International Fixed Interest Fund’ was renamed the ‘Lifetime Overseas Bond Fund’ when Lifetime Asset Management acquired the Scheme on 1 March 2023. Performance therefore reflects the ‘AMP International Fixed Interest Fund’ prior to 1 March 2023.