What can the Booster Socially Responsible High Growth Fund actually invest in?
The fund's Statement of Investment Policy and Objectives (SIPO) defines the asset classes it can hold and the allowable target / min / max weights for each.
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International Equities | 60% | 35% | 80% |
| Australasian Equities | 29% | 10% | 50% |
| Listed Property | 5% | 0% | 15% |
| Unlisted Property | 5% | 0% | 13% |
| New Zealand Fixed Interest | 0% | 0% | 15% |
| International Fixed Interest | 0% | 0% | 15% |
| Cash & Cash Equivalents | 1% | 0% | 20% |
| Commodities | 0% | 0% | 6% |
| Total Growth | 99% | 70% | 100% |
| Total Income | 1% | 0% | 30% |
Mandate flexibility (sum of max − min across all ranges): 229%. Wide range — high manager discretion typical of active management.
Explicit exclusions (15)
- Production, distribution, retail and supply of alcoholic beverages
- Gambling operations
- Tobacco production, distribution, supply and retailing
- Military weapons manufacturing
- Civilian firearms production, distribution, supply and retailing
- Nuclear power production
- Fossil fuels exploration, extraction, refinement, distribution, supply and retailing
- Pornographic material production, distribution and retailing
- Genetically Modifying Organisms (GMO) intended for agricultural use
- Animal testing on non-medical products
- Intensive animal farming (factory farming)
- Whaling
- Palm oil production and plantations
- Recreational cannabis production, distribution, supply and retailing
- Seaborne export of live animals
Responsible-investment approach
ESG factors are considered in investment decision-making for directly managed listed shares and listed property. Socially Responsible funds exclude companies generating more than an incidental proportion of revenue from specified activities including fossil fuels, tobacco, weapons manufacturing, gambling, and others. Further detail is in Booster's Approach to Responsible Investing policy.
Derivatives policy
Derivatives may be used in relation to any asset class and any Fund, provided they are backed by cash or relevant physical holdings and effective exposures remain within the overall mandate when combined with the underlying portfolio. Permitted instruments include OTC/exchange traded futures, forward FX contracts, OTC/exchange traded options, and OTC FRAs/swaps; OTC counterparties must have S&P rating of A or better where managed directly by the Manager.