What can the SBS Wealth Growth Strategy 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 | 2% | 1% | 10% |
| Australasian Equities | 24% | 10% | 40% |
| International Equities | 74% | 50% | 90% |
Mandate flexibility (sum of max − min across all ranges): 79%. Narrow range — index-tracking style with limited drift.
Explicit exclusions (6)
- Controversial weapons
- Nuclear weapons
- Production of tobacco, tobacco-based products, and nicotine alternatives
- Whale meat processing
- Recreational cannabis
- Adult entertainment
Responsible-investment approach
Responsible investment including ESG considerations is taken into account. Excluded investments include controversial weapons, nuclear weapons, production of tobacco/tobacco-based products/nicotine alternatives, whale meat processing, recreational cannabis, and adult entertainment. Minimised investments include conventional military weapons, civilian firearms, gambling and casinos, palm oil, and alcohol.
Derivatives policy
Derivatives may be used as a risk management tool to hedge undesirable portfolio exposures (e.g. currency risk) and are not expected to be used in the normal course of business. Derivatives may not be used to leverage any Fund and any derivative positions must be backed by physically held positions; notional face value may not exceed 100% of the Fund's net market value.