What can the Booster Wealth Moderate 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 | 21% | 10% | 30% |
| Australasian Equities | 13% | 0% | 25% |
| Listed Property | 3% | 0% | 7% |
| Unlisted Property | 3% | 0% | 6% |
| New Zealand Fixed Interest | 23% | 0% | 50% |
| International Fixed Interest | 17% | 5% | 40% |
| Cash & Cash Equivalents | 20% | 0% | 40% |
| Commodities | 0% | 0% | 3% |
| Total Growth | 40% | 20% | 50% |
| Total Income | 60% | 50% | 80% |
Mandate flexibility (sum of max − min across all ranges): 246%. Wide range — high manager discretion typical of active management.
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.