Growth Portfolio

Products and performance
Growth Portfolio

Growth Portfolio Wholesale

A diversified portfolio including ethically screened Australian shares, international shares, listed property trusts and enhanced income designed specifically for not-for-profit and charitable organisations.

8.40%

5 years p.a.

9.84%

Since Inception p.a.

Aim

To achieve competitive risk adjusted returns over the medium to long-term while limiting harm and creating positive impact through the implementation of U Ethical’s ethical investment policy.

Objective

Outperform Consumer Price Index + 3.0% pa after fees over rolling 5-year periods.

Benefits and risks

Suggested minimum investment horizon - 5 years
A diversified ethically screened portfolio
Twice yearly distributions of net income
Exposure to international shares within an actively managed portfolio
Medium to high-risk profile

Who can invest?

Entities registered as a Tax Concession Charity
Minimum investment

$500,000
Management costs

Estimated up to 0.8% p.a.¹
Buy/sell spread

0.20% / 0.20%
Income distributions

Half yearly (30 June, 31 December)
Additional contributions

Anytime by BPAY or recurring direct debit
Redemptions

Each business day²
APIR code

UGL0002AU
Inception date

1 July 1985
Fund Size

$225.18m (as at 31 March 2023)
Benchmark
- 70% S&P/ASX 300 Accumulation Index
- 10% MSCI World Ex Australia Net Total Return Index AUD (unhedged)
- 10% S & P/ASX 300 Real Estate Accumulation Index
- 5% Bloomberg AusBond Bank Bill Index
- 5% Bloomberg AusBond Composite 0-3 Yr Index

No fees for establishment, contributions, redemptions or exit. Management costs apply
Subject to conditions. Please read the Offer Document. Valid redemption requests received before 1:00 p.m. on a business day will be processed within 2 business days at the price applicable on the day of receipt of the request, subject to the Trust's liquidity.
Figure includes funds invested in the U Ethical Australian Equities Trust – Wholesale, U Ethical International Equities Trust, U Ethical Enhanced Income Trust – Wholesale and U Ethical Listed Properties Trust.

Resources

Equity Portfolio Holdings

Abacus Property Group	Alphabet	Alstom	Amcor
Amgen	APM Human Services International	Apple Inc	Arena REIT
Australia and New Zealand Banking Group	Bank New York Mellon	BlueScope Steel	Brambles
Bristol Myers Squibb	BT Group	Carsales.com	Charter Hall
Citrix Systems	Cleanaway Waste Management	CME Group	Cochlear
Coles Group	Commonwealth Bank of Australia	CSL	Danone
Deutsche Post	Dexus Property Group	Ecolab	Edwards Lifesciences Corporation
Fortescue Metals Group	G.U.D Holdings	GlaxoSmithKline	Goodman Group
GPT Group	Home Depot	Homeco Daily Needs	InvoCare
JB Hi-Fi	Kimberly Clark Corporation	Lendlease Group	Macquarie Group
Mastercard	Mercedes-Benz	Microsoft	Mirvac Group
National Australia Bank	Nordea Bank	Novo-Nordisk	Pilbara Minerals
QBE Insurance Group	Ramsay Health Care	Reliance Worldwide	ResMed
Sandfire Resources	SAP SE	Scentre Group	ServiceNow
Shionogi & Co	Sonic Healthcare	Stockland	Suncorp Group
Taiwan Semiconductor Manufacturing Company	Telstra Corporation	TJX	Transurban Group
Unibail-Rodamco	Unilever	Union Pacific Corporation	United Parcel Service
Vestas Wind Systems	Vicinity Centres	VWware	Wesfarmers
Westpac Banking Corporation

As at 30 September 2022.

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Good Returns news

U Ethical Growth Portfolio performance

As at 31 March 2023

	Performance	Benchmark
3 months %	4.97	3.39
6 months	10.10	11.58
1 year %	1.08	-1.13
3 year %	11.73	14.37
5 year %	8.40	7.95
10 year %	8.24	8.23
20 year %	9.42	8.34
Inception %	9.84	n/a

Funds	3 months %	6 months %	1 year %	3 year % p.a.	5 year % p.a.	10 year % p.a.	20 year % p.a.	Inception % p.a.
Growth Portfolio 1 July 1985	4.97	10.10	1.08	11.73	8.40	8.24	9.42	9.84
Benchmark*	3.39	11.58	-1.13	14.37	7.95	8.23	8.34	n/a

Past performance is not indicative of future performance. Based on exit price with distributions reinvested, including franking credits and net of all fees.
1. Figure includes funds invested in the U Ethical Australian Equities Trust – Wholesale, U Ethical International Equities Trust, U Ethical Enhanced Income Trust – Wholesale and U Ethical
Listed Properties Trust.
*The Portfolio’s composite benchmark reflects the strategic asset allocation of the Portfolio: 70% S&P/ASX 300 Accumulation Index, 10% MSCI World Ex Australia Net Total Return Index (AUD) (unhedged), 10% S&P/ASX 300 Real Estate Accumulation Index, 5% Bloomberg Ausbond Bank Bill Index, and 5% Bloomberg Ausbond Composite 0-3 Year Index.

Unit price

As at 25 May 2023

Funds	Entry	Exit
U Ethical Growth Portfolio	6.3388	6.3134

Quarterly performance review

Our Quarterly performance reviews include fund performance, an asset allocation breakdown and commentary from portfolio managers.