The APS Foundation is the fastest-growing public ancillary fund in Australia. The Foundation comprises more than 600 giving funds, totalling over $350 million. Last financial year, we supported our giving fund holders to make $19.8 million in gifts to charity.

The investment objective for the APS Foundation is to achieve a return after fees at least equal to CPI inflation +4% per annum, measured over rolling seven-year periods. Investment returns are applied to giving fund balances monthly, which giving fund holders can keep track of via our online portal. The APS Foundation portfolio managers also prepare a detailed investment performance report for giving fund holders every six months.

General Portfolio

The General Portfolio, managed by Chris Cuffe, was established in 2012 and is well-diversified across the full investment spectrum. For the seven years to 31 December 2024, the general portfolio return was 8.3% per annum, and 10.4% pa since inception in July 2012.

General Portfolio performance report

Focused Portfolio

The Focused Portfolio, managed by David Wright, co-founder and Investment Director of Zenith Investment Partners, was established in June 2022. It is diversified across investment funds and individually managed accounts with a Responsible Investing (RI) and/or Environmental Social Governance (ESG) objective.

Focused Portfolio performance report

We are extremely grateful for the support we receive from a number of generous fund managers, who provide us with their investment services pro bono or low bono, to assist with the management of the APS Foundation.

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Published 14 February 2025

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