Lifetime Overseas Shares Fund, Lifetime International Shares Fund No.2, & Lifetime International Shares Fund No.3
The Lifetime Overseas Shares Fund, Lifetime International Shares Fund No.2, and the Lifetime International Shares Fund No.3, are single sector funds that provides exposure to International Equities. They are invested 100% in growth assets (International Equities). The funds seeks to track the MSCI World Index NR ex NZ, Tobacco, Controversial and Nuclear Weapons, 50% hedged to NZD. It does this through investing 100% into the Mercer Socially Responsible Overseas Shares Index Portfolios (both hedged and unhedged).
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 Equities |
Mercer |
Legal & General |
Mercer Socially Responsible Overseas Shares Index Portfolios |
50% |
|
International Equities |
Kernel |
Legal & General |
Mercer Socially Responsible Hedged Overseas Shares Index Portfolios |
50% |
Fund Performance
Find below the performance to 30 June 2024. The returns are after tax & fees (at 28%), and before tax & after fees.
Lifetime Overseas Shares Fund
|
PIR Tax Rate |
1-Month |
3-Month |
6-Month |
12-Month |
3-Years* |
5-Years* |
|
After tax & fees |
2.99% | 1.98% | 14.67% | 20.71% | 6.89% | 9.75% |
|
Before tax & after fees |
3.00% | 2.75% | 14.99% | 22.37% | 7.23% | 10.14% |
Lifetime International Shares Fund No.2
|
PIR Tax Rate |
1-Month |
3-Month |
6-Month |
12-Month |
3-Years* |
5-Years* |
|
After tax & fees |
3.00% | 2.05% | 14.76% | 20.87% | 6.55% | 9.89% |
|
Before tax & after fees |
3.01% | 2.83% | 15.09% | 22.55% | 6.91% | 10.41% |
Lifetime International Shares Fund No.3
|
PIR Tax Rate |
1-Month |
3-Month |
6-Month |
12-Month |
3-Years* |
5-Years* |
|
After tax & fees |
3.01% | 2.07% | 14.78% | 20.82% | 3.32% | 8.11% |
|
Before tax & after fees |
3.03% | 2.86% | 15.12% | 22.51% | 3.69% | 8.60% |
* Returns over 1-year are annualised
The ‘AMP International Shares Fund’, the ‘AMP International Shares Fund No.2’, and the ‘AMP International Shares Fund No.3’ were renamed the ‘Lifetime Overseas Shares Fund’, the ‘Lifetime International Shares Fund No.2’, and the ‘Lifetime International Shares Fund No.3’ respectively when Lifetime Asset Management acquired the Scheme on 1 March 2023. Performance therefore reflects the ‘AMP International Shares Fund’, the ‘AMP International Shares Fund No.2’ and the ‘AMP International Shares Fund No.3’ prior to 1 March 2023.