The APS Foundation is the fastest-growing public ancillary fund in Australia. The Foundation comprises more than 480 giving funds, totalling over $263 million. Last financial year, we supported our giving fund holders to make $16.8 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. The performance of the General Portfolio was 9.0% for the year ended 30 June 2023 and 10.1% 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. The portfolio has been fully invested since October 2022, producing a positive return of 7.4% pa for the partial year October 2022 to 30 June 2023.
Focused Portfolio performance report
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