Fund Performance and Investment Updates
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Welcome to our fund performance page, where you can track the historical returns and key metrics of our investment funds.
Here, you will find comprehensive information to help you make informed decisions about your investment portfolio.
Latest Fund Performance
2024-06-30 Lifetime Master Trust investment-returns
Market Commentary
June was another messy month for markets, with conflicting data and political upheaval creating further uncertainty over whether key interest rates would be coming or going in the short term.
In the US, a few tech stocks staged stomach-churning retreats during the month as investors became jumpy over stratospheric valuations – Nvidia’s in particular. However, broader indices remained calm and held up remarkably well overall.
The case for US interest rate cuts remained murky. On one hand, inflation came in softer than expected and consumer sentiment plummeted, on the other accelerating wages and a robust jobs market blew expectations out of the water. The US Federal Reserve gave short shrift to those who had dared dream of markedly lower interest rates in 2024 by keeping them on hold again and projecting only one cut before the end of the year.
Our local market struggled to make much headway again amid a paucity of encouraging news. Data indicated the economy pulled itself out of recession in the first quarter. However, it was by such a slim margin you had to squint to see it, with several economists speculating that we gave up that ground in the second quarter. Flagging business and consumer confidence did little to dispel the notion.
Investor spirits were similarly lacklustre across the Tasman after inflation refused to play nice. Aussie consumer prices rose faster than expected in May, prompting speculation that the RBA would go against the global grain and lift interest rates in August. Meanwhile, the economy chalked up its weakest growth since 1992 (covid years aside).
Against this backdrop, the S&P 500 rose 3.5% in June, while the tech-focused Nasdaq was up 6.0%. On the other hand, the NZX 50 fell 1.3%, while the ASX 200 was down 0.9%.
The UK’s FTSE 100 finished the month down 1.3%, as investors stuck to the sidelines ahead of the imminent general election. Elsewhere, the European Central Bank cut interest rates for the first time in five years, joining Canada, Sweden and Switzerland who also lowered borrowing costs during the month.
Past Investment Performance 2024
2024-05-31 Lifetime Master Trust investment-returns
2024-04-30 Lifetime Master Trust investment-returns
2024-03-31 Lifetime Master Trust investment-returns
2024-02-29 Lifetime Master Trust investment-returns
2024-01-31 Lifetime Master Trust investment-returns
Past Investment Performance 2023
2023-12-31 Lifetime Master Trust investment-returns
2023-11-30 Lifetime Master Trust investment-returns
2023-10-31 Lifetime Master Trust investment-returns
2023-09-30 Lifetime Master Trust investment-returns
2023-08-31 Lifetime Master Trust investment-returns
2023-07-31 Lifetime Master Trust investment-returns
2023-06-30 Lifetime Master Trust investment-returns
2023-05-31 Lifetime Master Trust investment-returns
2023-04-31 Lifetime Master Trust investment-returns
2023-03-31 Lifetime Master Trust investment-returns
Past Investment Performance 2022
2022-12-31 Lifetime Master Trust investment-returns
2022-09-30 Lifetime Master Trust investment-returns
2022-06-30 Aon Master Trust investment-returns
2022-03-31 Aon Master Trust investment-returns
Past Investment Performance 2021
2021-12-31 Aon Master Trust investment returns
2021-09-30 Aon Master Trust investment returns
2021-06-30 Aon Master Trust investment returns
2021-03-31 Aon Master Trust investment returns
Past Investment Performance 2020
2020-12-31 Aon Master Trust investment returns
2020-09-30 Aon Master Trust investment returns
2020-06-30 Aon Master Trust investment returns
2020-03-31 Aon Master Trust investment returns
Past Investment Performance 2019 and prior
2019-12-31 Aon Master Trust investment returns
2019-09-30 Aon Master Trust investment returns
2019-06-30 Aon Master Trust investment returns
2019-03-31 Aon Master Trust investment returns
2018-12-31 Aon Master Trust investment returns
Fund Updates
We prepare Fund Updates to assist members in keeping up to date with their Lifetime Master Trust investment. These fund updates provide key information including how the funds have performed, and will help members to compare them with other funds.
Fund Updates 2024
2024-03 Lifetime Conservative Fund
2024-03 Lifetime Balanced Fund
2024-03 Lifetime Active Growth Fund
2024-03 Lifetime Australasian Shares Fund
2024-03 Lifetime Overseas Bond Fund
2024-03 Lifetime Overseas Shares Fund
2024-03 Lifetime Property Fund
2024-03 Lifetime Target Date 2025 Fund
2024-03 Lifetime Target Date 2035 Fund
2024-03 Lifetime Target Date 2045 Fund
Fund Updates 2023
2023-03 Lifetime Conservative Fund
2023-03 Lifetime Balanced Fund
2023-03 Lifetime Active Growth Fund
2023-03 Lifetime Australasian Shares Fund
2023-03 Lifetime Overseas Bond Fund
2023-03 Lifetime Overseas Shares Fund
2023-03 Lifetime Property Fund
2023-03 Lifetime Target Date 2025 Fund
2023-03 Lifetime Target Date 2035 Fund
2023-03 Lifetime Target Date 2045 Fund
Fund Updates 2022
2022-03 ANZ Australasian Property Fund
2022-03 ANZ Australasian Shares Fund
2022-03 ANZ Capital Stable Fund
2022-03 ANZ International Bond Fund
2022-03 ANZ International Shares Fund
2022-03 Milford Active Growth Wholesale Fund
2022-03 Nikko Conservative Fund
2022-03 Russell LifePoints® Balanced Fund
2022-03 Russell LifePoints® Conservative Fund
2022-03 Russell LifePoints® Growth Fund
2022-03 Russell LifePoints® Moderate Fund
2022-03 Russell LifePoints® Target Date 2015 Fund
2022-03 Russell LifePoints® Target Date 2025 Fund
2022-03 Russell LifePoints® Target Date 2035
2022-03 Russell LifePoints® Target Date 2045
Fund Updates 2021
2021-03 ANZ Australasian Property Fund
2021-30 ANZ Australasian Shares Fund
2021-03 ANZ Capital Stable Fund
2021-03 ANZ International Bond Fund
2021-03 ANZ International Shares Fund
2021-03 Milford Active Growth Wholesale Fund
2021-03 Nikko Conservative Fund
2021-03 Russell LifePoints® Balanced Fund
2021-03 Russell LifePoints® Conservative Fund
2021-03 Russell LifePoints® Growth Fund
2021-03 Russell LifePoints® Moderate Fund
2021-03 Russell LifePoints® Target Date 2015 Fund
2021-03 Russell LifePoints® Target Date 2025 Fund
2021-03 Russell LifePoints® Target Date 2035 Fund
2021-03 Russell LifePoints® Target Date 2045 Fund
Fund Updates 2020
2020-03 ANZ Australasian Property Fund
2020-30 ANZ Australasian Shares Fund
2020-03 ANZ Capital Stable Fund
2020-03 ANZ International Bond Fund
2020-03 ANZ International Property Fund
2020-03 ANZ International Shares Fund
2020-03 Milford Active Growth Wholesale Fund
2020-03 Nikko Conservative Fund
2020-03 Russell LifePoints® Balanced Fund
2020-03 Russell LifePoints® Conservative Fund
2020-03 Russell LifePoints® Growth Fund
2020-03 Russell LifePoints® Moderate Fund
2020-03 Russell LifePoints® Target Date 2015 Fund
2020-03 Russell LifePoints® Target Date 2025 Fund
2020-03 Russell LifePoints® Target Date 2035 Fund
2020-03 Russell LifePoints® Target Date 2045 Fund
Fund Updates 2019
2019-03 ANZ Australasian Property Fund
2019-30 ANZ Australasian Shares Fund
2019-03 ANZ Capital Stable Fund
2019-03 ANZ International Bond Fund
2019-03 ANZ International Property Fund
2019-03 ANZ International Shares Fund
2019-03 Milford Active Growth Wholesale Fund
2019-03 Nikko Conservative Fund
2019-03 Russell LifePoints® Balanced Fund
2019-03 Russell LifePoints® Conservative Fund
2019-03 Russell LifePoints® Growth Fund
2019-03 Russell LifePoints® Moderate Fund
2019-03 Russell LifePoints® Target Date 2015 Fund
2019-03 Russell LifePoints® Target Date 2025 Fund
2019-03 Russell LifePoints® Target Date 2035 Fund
2019-03 Russell LifePoints® Target Date 2045 Fund
Fund Updates 2018
2018-03 Milford Active Growth Wholesale Fund
2018-03 Nikko Conservative Fund
2018-03 Russell LifePoints® Balanced Fund
2018-03 Russell LifePoints® Conservative Fund
2018-03 Russell LifePoints® Growth Fund
2018-03 Russell LifePoints® Moderate Fund
2018-03 Russell LifePoints® Target Date 2025 Fund
2018-03 Russell LifePoints® Target Date 2035 Fund
2018-03 Russell LifePoints® Target Date 2045 Fund
Fund Updates 2017
2017-03 Milford Active Growth Wholesale Fund
2017-03 Nikko Conservative Fund
2017-03 Russell LifePoints® Balanced Fund
2017-03 Russell LifePoints® Conservative Fund
2017-03 Russell LifePoints® Growth Fund
2017-03 Russell LifePoints® Moderate Fund
2017-03 Russell LifePoints® Target Date 2025 Fund
2017-03 Russell LifePoints® Target Date 2035 Fund
2017-03 Russell LifePoints® Target Date 2045 Fund
Annual Reports
2023 Lifetime Master Trust annual report
2022 Aon Master Trust annual report
2021 Aon Master Trust annual report
2020 Aon Master Trust annual report
2019 Aon Master Trust annual report
2018 Aon Master Trust annual report
2017 Aon Master Trust annual report
2016 Aon Master Trust annual report
2015 Aon Master Trust annual report