Investment objective and strategy• To provide long-term capital growth, utilising a predominantly passive investment approach.• To achieve returns (after fees but before tax) of at least 2.5% per year above inflation over any five–year period.• Invests in in a balanced mix of income assets and growth assets. It currently excludes share investments where the underlying activities are principally involved in the tobacco and fossil fuel industries or involved in the manufacture of certain controversial weapons. Our Approach to Responsible Investing policy has further details on excluded investments. Go to www.booster.co.nz/responsible-investing-policy.”“Responsible investment, including specific environmental, social, and governance considerations, is taken into account in the investment policies and procedures of the Scheme as at the date of this PDS. You can obtain an explanation of the extent to which responsible investment is taken into account in those policies and procedures on our website at www.booster.co.nz.”

At Booster, our investment approach is disciplined and engaged. The default saver fund seeks to capture the long-run growth in markets.  

A carefully controlled approach to risk management aims to help us deliver consistency over the long term, while the environmental, social & governance (ESG) risks of an investment are factored into our decision-making process.

Within the default saver funds, Booster utilises a negative screening process which avoids certain industries that overall are assessed as having a negative impact on society and the environment. The assessment of investments for compliance with this methodology and criteria is tightly integrated with broader portfolio monitoring.

For more information please refer to the document "Booster's Approach to Responsible Investment".