Our Investments
Our Investments
maximise our long-term impact
Investing to maximise our long-term community impact

We seek to invest sustainably, leaving our natural, human, and cultural resources stronger and healthier because of our activity. Our investment goals are linked to people and our community.

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Responsible Investing

Positively impacting people and the planet.

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Exclusions

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The Scope of Our Investments
Community Wellbeing
Trustees will invest in a range of liquid and illiquid (listed and unlisted) assets within Aotearoa New Zealand, and globally.
Community Wellbeing

As an ethical and highly responsible investor, our strategy includes selecting aligned funds to invest in, actively communicating with fund managers our aspirations, and excluding investments that fall short of our expectations.

Community Wellbeing
Our Strategic Asset Allocation (SAA) defines the asset classes we invest in.
Strategic Asset Allocation

To maximise the relationship between growing our capital base in inflation-adjusted terms, achieving returns to continue supporting the community, and managing market volatility and risk, Rātā aims to hold a portfolio comprising of the following:

30%
Direct Investments
1.
Investment through NZ-based private equity and infrastructure managers.
2.
Co-investment with highly capable managers.
3.
Partnerships with like-minded investors to invest together.
We are at the start of our Direct Investment journey. Currently we have 6.7% of our portfolio allocated. This will grow over the next 12 months.
30%
Illiquid Assets
International Private Equity
10.0%
Unlisted Infrastructure
8.0%
Private Debt
6.0%
Unlisted Property
6.0%
40%
Liquid Assets
Developed International Market Equities
20.0%
Global Bonds
8.0%
Trans-Tasman Equities
5.0%
Cash
4.0%
Emerging Market Equities
3.0%
Direct Investments
30%
Illiquid Assets
30%
Liquid Assets
40%
We invest responsibly to grow our pūtea 
Financial Investment

$685m

Value of our investment portfolio
Financial Investment

12.8%

Gross return made from our investment portfolio last financial year
Financial Investment

2.241

Our Environmental, Social and Governance (ESG) Rating
Financial Investment

88.1t2

Weighted Average Carbon Intensity

1 Our ESG rating is a reporting metric developed by our portfolio advisors Mercer. The ESG rating assesses how well fund managers integrate ESG factors into their investment processes, scored out of 4. Our ESG rating is a reflection of the liquid portion of our portfolio only.

2 Carbon intensity measures the number of tonnes of carbon produced for every $1m of investment revenue earned. The carbon intensity figures above relate to the liquid portion of our portfolio only.

Figures are to 31 March 2024. These will be updated every two years.

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