Booster Investment Scheme – Socially Responsible Moderate Fund

Product Name	Booster Investment Scheme – Socially Responsible Moderate Fund
Issuer	Booster Investment Management
Category	Investment
Type	Fund or Trust
Target	Retail
Certified Since	2015

Asset Classes	Diversified / Multi-asset
Markets	New Zealand
Investment Approaches	Negative Screening
It Includes:	No specific themes
It has some level of screening for:	Alcohol Fossil fuels Gambling Genetic engineering Nuclear power Pornography Tobacco
It fully excludes:	Alcohol Armaments Fossil fuels Gambling Nuclear power Pornography Tobacco
Broker	Responsible Returns
URL	https://www.responsiblereturns.com.au/investment-options/booster-investment-scheme-socially-responsible-moderate-fund/profile

Overview

The fund’s objective is to provide relatively consistent returns, with some capital gains over the long-term. • It aims to achieve returns (after fees but before tax) of at least 1.75% per year above inflation over any four year period. • Generally, there will be some movements up and down in the value of the fund. • The fund invests mainly in income assets and includes some growth assets. It currently excludes investments in directly held companies and managed fund investments where the underlying activities are principally involved in the tobacco, alcohol, gambling, armaments, nuclear power, adult entertainment, GMO and fossil fuel industries.* • The criteria for screening out these investments may be modified over time to reflect developments in the socially responsible investment arena *Further detail on excluded investments can be accessed by following the link in the “Socially responsible investing” section of our Approach to Responsible Investing policy, at www.booster.co.nz/responsible-investing-policy.

Description

Booster's investment methodology follows a strong belief that added value will mainly be derived by making appropriate top-down based economic, industry sector and sub-asset class assessments.

Within the SRI portfolios, Booster builds on this top down process by utilising a negative screening process which avoids certain industries that overall are assessed as having a negative impact on society, while focusing on selecting investments that offer exposure to the key economic and sector themes identified through our top down research. The assessment of investments for compliance with this methodology and criteria is tightly integrated with broader portfolio monitoring.

The results of this are required to be provided to the Senior Manager Research in respect of any new company’s addition. Where there is any potential ambiguity regarding the compliance of a new investment with the Booster SRI policy, its inclusion is required to be formally approved by the Booster Investment Committee. Corporate actions and changes in key business direction are monitored for existing portfolio holdings, to identify any changes that might impact a company’s compliance with the SRI criteria. As part of this process, each company is required to be reviewed at least annually. Any investments that are assessed to no longer comply with the SRI policy are required to be sold within a reasonable period.

With respect to fossil fuel exclusions, managed fund investments are researched relative to this criteria; however, in some cases they may include a small allocation to fossil fuels which is subject to ongoing monitoring of suitable alternatives.

Performance results

Product holdings

Product documentation

Supporting documents

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The products featured on this site have all achieved certification under the Responsible Investment Association Australasia’s (RIAA) Responsible Investment Certification Program.

Transparency & Verification

What sets these investment products aside from regular ones on the market is they all have some type of responsible or ethical strategy applied to them.

At a minimum, their issuers explain these strategies in public documents and open their offices and books to third party verifiers who check these strategies are implemented according to what you read about them publicly.

You can also click through to see the underlying managers and / or stock holdings in each certified product as well as access a certified product’s recent performance results.

Stewardship & Impact

In July 2019, we lifted our requirements of certified products which we are phasing in over 18 months.

We now require that issuers have organisation-wide commitments to responsible investing and they exercise their responsibilities as stewards of your money - through engaging with companies to improve sustainability performance and voting on shareholder resolutions where possible. All certified products now need to at least avoid significant harm and their issuers will annually report against any sustainability-based claims made by their products. This uplift in program standards is part of our passion for, and on-going commitment to, responsible and ethical investing.

Even though we're lifting the bar, we know your convictions to doing good with your money may be higher and so we have served up our member's certified products with a large dose of transparency and independent verification, so that you can draw your own conclusions from reliable information and choose investments that best suit your individual needs.

*Information Disclosures

While all reasonable efforts are undertaken to ensure information and links on site are current there may be instances where information and documents are updated during the course certification (eg. PDS, Fact Sheet). Certified product issuers are required to update this information as soon as possible on the Responsible Returns site, but there may be some extenuating circumstances impacting timeframes.

The certification program may also assess information provided for certification based on proposed future changes to a responsible investment process that is in-line with Responsible Investment Association Australasia’s (RIAA) Responsible Investment Certification Program criteria. In such instances, members are similarly required to update this information on Responsible Returns within an agreed future timeframe. Old document versions may be reflected on site until this process is finalised.

Booster Investment Scheme – Socially Responsible Moderate Fund

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