The APS Foundation has published its latest investment performance results, with its General portfolio returning 10.1% pa since inception. The Foundation offers two investment portfolios, both invested in line with the one investment strategy.

• 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, which is significantly ahead of its target return.
• The Focused Portfolio, managed by David Wright, co-founder and CEO of Zenith Investment Partners, was established in June 2022 and has a responsible investing focus. The portfolio was gradually invested during the first few months of the financial year and 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.

The Foundation’s investment objective is to achieve an after-fees return of CPI+4% pa over rolling 7-year periods. For the seven years to 30 June 2023, the target return equates to 7.0% pa.

Rachael Rofe, Head of the APS Foundation, extended her thanks and congratulations to the portfolio managers, investment committee and underlying managers for achieving a return that allows our clients to genuinely give and grow philanthropic capital for the community.

“We are especially grateful for the investment managers who provide their services on a low or pro bono basis. During the year ended 30 June 2023 the value of these reduced fees was in excess of $1 million which contributes materially to the performance of the APS Foundation and to the giving fund balances of our clients.”

If you have any questions about the APS Foundation or would like to establish a giving fund, please get in touch.

Download

• APS Foundation performance report – Focused Portfolio
• APS Foundation performance report – General Portfolio

Published 4 October 2023