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 June 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 |
0.80% | 0.13% | -0.09% | 1.96% | -2.79% | -1.75% |
|
Before tax & after fees |
1.10% | 0.14% | -0.17% | 3.56% | -3.61% | -2.28% |
* 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.