Lifetime Australasian Shares Fund, & Lifetime Australasian Shares Fund No.2

Lifetime Australasian Shares Fund, & Lifetime Australasian Shares Fund No.2

   

The Lifetime Australasian Shares Fund and the Lifetime Australasian Shares Fund No.2 are single sector funds that provides exposure to Australasian Equities. They are invested 100% in growth assets (Australasian Equities). They do this through investing 70% in the Simplicity NZ Share Fund and 30% in the Smart Wholesale Australian Equity ESG Fund.

 

The fund seeks to track a composite index (before annual fund charge and tax), comprising:

• • • 70% - Morningstar New Zealand (total return) Index including imputation credits
    • 30% - S&P/ASX 200 Fossil Fuel Screened Total Return Index in NZD

 

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
Australasian Equities	Simplicity	Simplicity	Simplicity NZ Share Fund	70%
Australasian Equities	Smartshares	Smartshares	Smart Wholesale Australian Equity ESG Fund	30%

 

 

The ‘AMP New Zealand Shares Fund’ and the ‘AMP New Zealand Shares Fund No.2’ were renamed the ‘Lifetime Australasian Shares Fund’ and the ‘Lifetime Australasian Shares Fund No.2’ respectively when Lifetime Asset Management acquired the Scheme on 30 September 2023.