To provide long term growth accompanied by high levels of risk through holding growth assets.
The Retail Fund aims to achieve returns 4.00% above inflation1 after management costs over a 10 year period. The Wholesale Fund aims to achieve returns 4.50% above inflation1 after management costs over a 10 year period.
1 The measure of inflation is the Consumer Price Index (Trimmed mean) released by the Australian Bureau of Statistics on a quarterly basis.
Investment Strategy
The Fund invests primarily in growth assets such as Australian and international shares, unlisted property and alternative assets.
Get access to alternative assets, like private equity, venture capital funds and growth infrastructure assets not as widely available to direct investors.
Exposure to unlisted property
The unlisted property asset class is included in this fund for its income and growth characteristics for additional diversification benefits.
Uncompromising ethics
We apply our ethical assessment for all investments in the fund, the same way as all our equity-focused funds.
The performance data is updated on a monthly basis.
Total returns are calculated:
using the sell (exit) price
net of management fees
gross of tax
as if distributions of income have been reinvested at the actual distribution reinvestment price
the actual returns received by an investor will depend on the timing, buy and exit price of individual transactions.
Figures showing a period of less than one year have not been adjusted to show an annual total return. Figures for periods of greater than one year are on a per annum compound basis.
Return of capital and the performance of your investment in the fund are not guaranteed. Past performance is not a reliable indicator of future performance.
Fund
Benchmark
3.9%
3.8%
1.0%
1.6%
2.2%
3.2%
12.8%
13.8%
9.7%
11.3%
10.8%
12.6%
7.9%
8.7%
9.3%
9.8%
-
-
9.2%
9.4%
As at 31 May 2025
The performance data is updated on a monthly basis.
Total returns are calculated:
using the sell (exit) price
net of management fees
gross of tax
as if distributions of income have been reinvested at the actual distribution reinvestment price
the actual returns received by an investor will depend on the timing, buy and exit price of individual transactions.
Figures showing a period of less than one year have not been adjusted to show an annual total return. Figures for periods of greater than one year are on a per annum compound basis.
Return of capital and the performance of your investment in the fund are not guaranteed. Past performance is not a reliable indicator of future performance.
Case studies
Explore the case studies below to learn more about some of the places we're invested in.
Meridian Energy
Meridian Energy generates, trades and retails electricity from renewable energy sources such as wind and hydro power.
Meridian Energy
Meridian Energy generates, trades and retails electricity from renewable energy sources such as wind and hydro power.
Headquartered in Wellington, New Zealand, and with a presence in the UK, Meridian supplies electricity to homes, businesses and farms. Meridian’s existing power generation facilities include four wind farms across New Zealand and six hydro stations within the Waitaki hydro scheme which provides 16% of New Zealand’s electricity supply. Meridian further leveraged their renewable technology by designing and building a wind farm to power the Scott Base and McMurdo research stations on Ross Island in Antarctica.
Meridian is engaged in several new renewable electricity generation projects, with a target to build seven large-scale renewables and storage projects across New Zealand by 2030. These projects range from additional wind farms in Hawke’s Bay to an energy park comprised of battery storage and additional solar farms in Whangārei. Across its existing and pipeline projects, Meridian is contributing towards New Zealand’s target of 100% renewable electricity generation by 2030.
Main Sequence is a deep tech venture capital fund focused on tackling the world’s biggest challenges by turning scientific discoveries into future industries.
Main Sequence CSIRO
Main Sequence is a deep tech venture capital fund focused on tackling the world’s biggest challenges by turning scientific discoveries into future industries. Founded by the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s national science agency and one of the largest and most diverse scientific research organisations in the world, Main Sequence has invested over $1 billion across three funds since its establishment in 2017.
Main Sequence invests in six themes: decarbonising the planet, reaching humanity-scale healthcare, feeding 10 billion people, supercharging industrial productivity, enabling the next technology leap, and bridging the gap to space.
Deep tech investing includes backing technologies from very early stage, and in some cases finding novel research and building companies from scratch. The approach is designed to pair deep scientific knowledge with the industry expertise and capital funding to build entire industries and ecosystems around solving global-scale challenges.
Cochlear provides bone conduction implants for people with conductive hearing loss, mixed hearing loss and single-sided deafness.
Cochlear
This Australian-headquartered medical devices company with a global reach provides bone conduction implants for people with conductive hearing loss, mixed hearing loss and single-sided deafness. Cochlear is particularly known for its cochlear implants, with products that incorporate cutting edge technology, offering significant improvements in hearing for individuals with severe to profound hearing loss.
The World Health Organisation estimates that over 466 million people suffer from disabling hearing loss globally, and this number is growing with the rise and ageing of the global population. Hearing loss is associated with cognitive decline, social isolation and depression.
Cochlear commissions animal testing in the development of their devices, and although they use some other forms of testing, we are seeking to influence the company to do more to minimise the use and suffering of animals.
Our Multi-Asset fund range has been rated ‘Recommended’ by leading research house, Zenith Investment Partners.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (AUG0017AU, AUG0020AU, AUG7454AU, AUG6267AU assigned September 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
Ratings and awards are only one factor to be taken into account when deciding to invest. To consider whether a financial product is right for you, read the relevant PDS and TMD at australianethical.com.au. Issued by Australian Ethical Investment Ltd (ABN 47 003 188 930, AFSL 229 949).
Sustainability indicators
Our ethical investment approach favours companies and portfolios with stronger sustainability characteristics. The sustainability indicators presented below are for the investment by this fund in listed shares at 30 June 2024 for which we have relevant sustainability data.
These listed shares are 83% of total investments of this fund, and the indicators are not applicable to the other investments of the fund.
75% less carbon intensive
The carbon intensity (tonnes of CO2 equivalent per dollar company revenue) for our listed share investments at 30 June 2024 is 75% lower than a mainstream share market benchmark(1,2)
2.2x revenue in sustainable solutions
These listed companies earn 2.2 times the revenue from sustainable solutions at 30 June 2024 than a mainstream share market benchmark(1,3)
3.6x clean energy solutions
These listed share investments at 30 June 2024 have 3.6 times the investment in renewables and energy solutions than a mainstream share market benchmark(1,3)
Sustainable Solutions Revenue Breakdown
Below is the estimated annual revenue earned by these listed companies that has been identified as contributing to sustainability goals such as the Sustainable Development Goals. The Sustainable Development Goals were set by the United Nations as a blueprint on how to achieve a better and more sustainable future. Find out more at sdgs.un.org/goals.
This is a general indication only and relates only to 83% of the investments of this option. The revenue is calculated per $1M invested in these listed shares and based on shareholdings at 30 June 2024.
This information is of a general nature and is not intended to provide you with financial advice or take into account your personal objectives, financial situation or needs. The sustainability characteristics of companies we invest in is not a measure of the impact of your investment. Your investment decisions should take into account the financial, risk, fee and other characteristics of potential investments.
This information is only shown for those listed shares where we have the necessary sustainability data. The comparisons are with available data for shares in a general share market benchmark selected as an appropriate investment benchmark ("Benchmark shares").
There is more information about the calculation method and benchmark here
