What can the Pathfinder Ethical Trans-Tasman 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 |
|---|---|---|---|
| Cash and Cash Equivalents | 3% | 0% | 100% |
| NZ Fixed Interest | 0% | 0% | 20% |
| International Fixed Interest | 0% | 0% | 20% |
| Australasian Equities | 92% | 0% | 100% |
| International Equities | 0% | 0% | 30% |
| Listed Property | 5% | 0% | 30% |
| Other Assets | 0% | 0% | 10% |
Mandate flexibility (sum of max − min across all ranges): 310%. Wide range — high manager discretion typical of active management.
Explicit exclusions (2)
- Industries or activities that create significant harm or transgress filters of respecting people, planet and animals
- Activities breaching exclusions defined in the Ethical Investment Policy by industry classification and revenue threshold
Responsible-investment approach
Ethical investing is used as a primary filter for all investments across all funds. This includes negative screening (exclusions based on harm to people, planet and animals), positive screening (ESG scores, positive investment themes such as Healthy Planet and Healthy Living), and good stewardship (active ownership, climate change transition support, UNPRI signatory commitments). An Ethical Investment Policy details exclusions, companies of concern, and an exceptions register.
Derivatives policy
Derivative contracts may be used to manage market risk exposure to equities, foreign currencies, interest rates and other market investment risks, or to take an investment position. Derivatives can be futures, options or other instruments in any currency, whether listed on an exchange or over-the-counter. The protection overlay does not allow overall net short positions.