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 April 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

-3.13% 5.79% 18.74% 21.23% 6.20% 8.39%

Before tax & after fees

-3.12% 5.62% 19.88% 22.15% 6.03% 8.62%

 

 

Lifetime International Shares Fund No.2

PIR Tax Rate

1-Month

3-Month

6-Month

12-Month

3-Years* 

5-Years* 

After tax & fees

-3.15% 5.79% 18.75% 21.37% 7.05% 8.87%

Before tax & after fees

-3.14% 5.61% 19.88% 22.28% 7.00% 9.23%

 

 

Lifetime International Shares Fund No.3

PIR Tax Rate

1-Month

3-Month

6-Month

12-Month

3-Years* 

5-Years*

After tax & fees

-3.15% 5.79% 18.78% 21.29% 2.59% 5.94%

Before tax & after fees

-3.13% 5.61% 19.92% 22.20% 2.57% 6.28%

 

* 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.