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 together we can become a force for positive change, for today and tomorrow.

We believe how an organisation manages its environmental and social issues, the quality of its corporate governance (ESG factors), directly influences its ability to sustain returns over the longer term. We refer to this as the three Ps – people, planet and policy and, as signatories to the Principles of Responsible Investment (PRI), we have placed these at the heart of every investment decision for this fund. But allocating investment capital or money isn’t enough. We will also be working closely with the companies we invest with, through our appointed investment managers, to implement better environmental and social policies and practices. We also believe it’s important to understand our members’ concerns and what is important to focus on, not just what we think is important. That’s why we will engage with our members on a regular basis to ensure we are investing with their values and concerns in mind. This enables us to use investment capital, active engagement and proxy voting to create the change that you want to see in the world, while still seeking to generate competitive returns over the longer term.

To align our approach with this mission, we believe a fund like this requires active management to effectively manage inclusions, exclusions and active ownership. To manage the screening process, we’ve partnered with specialist external managers, who are aligned to our sustainable investment criteria and have robust frameworks in place for selecting, retaining and selling investments. We also believe active engagement and proxy voting leads to better long term sustainable returns. We therefore choose to work with investment managers who engage with companies to influence people, planet and policy practices. We also leverage our influence via our engagement provider, EOS at Federated Hermes who use the power of investor capital to influence companies for good, from within.