What can the Booster Wealth Geared 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% |
| Gearing Ratio | 35% | 0% | 50% |
Mandate flexibility (sum of max − min across all ranges): 279%. 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, integrated with financial and portfolio considerations. Socially Responsible and Wealth Series funds exclude investments in companies generating more than an incidental proportion of revenue from specified activities including fossil fuels, tobacco, gambling, weapons manufacturing, and others listed in the Responsible Investment Criteria.
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. Permitted instruments include OTC or exchange-traded futures, forward foreign exchange contracts, OTC or exchange-traded options, and OTC FRAs, swaps or other derivative instruments; OTC counterparties must have a Standard and Poor's rating of A or better where managed directly by the Manager.