The fund is managed to sustainable investment criteria that encourages investment in companies.
with a sustainable business and strong environment, social and governance characteristics and seeks to avoid investments in certain companies or activities that have a highly adverse effect on the environment or society. This fund is governed by the Thrive+ Sustainable Investment Charter.
The fund allocates 80% of investments to growth assets such as Australian and global shares to
provide potential for capital growth, and 20% to defensive assets such as fixed interest and cash.
In order to provide additional diversification, the portfolio is allocated across a number of investment managers. The portfolio aims to hedge currency risk except for part of the allocation to global shares.

Society faces significant challenges to achieve a sustainable, thriving future for everyone.Thrive+ isn’t just a good fund, it aims to do good for people, planet and policy so togetherwe can become a force for positive change, for today and tomorrow.

We believe how an organisation manages itsenvironmental and social issues, the quality ofits corporate governance (ESG factors), directlyinfluences its ability to sustain returns over thelonger term. We refer to this as the three Ps –people, planet and policy and, as signatoriesto the Principles of Responsible Investment(PRI), we have placed these at the heart ofevery investment decision for this fund.But allocating investment capital or money isn’tenough. We will also be working closely with thecompanies we invest with, through our appointedinvestment managers, to implement betterenvironmental and social policies and practices.We also believe it’s important to understandour members’ concerns and what is importantto focus on, not just what we think is important.That’s why we will engage with our members ona regular basis to ensure we are investing withtheir values and concerns in mind.This enables us to use investment capital, activeengagement and proxy voting to create thechange that you want to see in the world, whilestill seeking to generate competitive returns overthe longer term.

To align our approach with this mission, we believea fund like this requires active management toeffectively manage inclusions, exclusions and activeownership. To manage the screening process,we’ve partnered with specialist external managers,who are aligned to our sustainable investmentcriteria and have robust frameworks in place forselecting, retaining and selling investments.We also believe active engagement and proxyvoting leads to better long term sustainablereturns. We therefore choose to work withinvestment managers who engage withcompanies to influence people, planet andpolicy practices. We also leverage our influencevia our engagement provider, EOS at FederatedHermes who use the power of investor capitalto influence companies for good, from within.