To provide investors with a balance between capital growth and a moderate level of income through a diversified portfolio of assets that meet our Ethical Criteria. The Retail Fund aims to achieve returns 3.00% above inflation after management costs over a 10 year period. The Wholesale Fund aims to achieve returns 3.50% above inflation after management costs over a 10 year period.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
+9.4%Q2
1 year return
+26.1%Q3
3 year return
+20.5%Q3
5 year return
Chart type
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Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month−1.8%
3 months+0.5%
Volatility, 3 years8.0%
Ongoing charge (OCF)
Fund size (GBP)£3.4B
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 17 Oct 2026. Swipe or use the arrows for more panels.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 17 Oct 2026.
International35.4%
Not Specified25.0%
Australasia24.8%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 17 Oct 2026.
International Shares29.0%
Australian & NZ Shares24.8%
Property and Infrastructure14.9%
See all asset classesA free account shows the full list.
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 17 Oct 2026.
1. GROWTH OPP FUND CLASS 04.9%
2. INTL THEMATIC SHARES CLASS 02.9%
3. DEXUS HEALTHCARE PROPERTY FUND UIT1.8%
4. RENAISSANCE FOUNDER A CLASS1.6%
5. COMMONWEALTH BANK OF AUSTRALIA1.5%
See all holdingsA free account shows the full list.
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years8.0%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.64
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−13.0%
Alpha, 3 years (FE)
0.44
Beta, 3 years (FE)
0.91
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 4 Jul 2026.
Fund facts
Legal and cost facts for a client note. As reported by the manager.
ISIN
AU60AUG00010
Fund manager
Macri
Management company
Australian Ethical Investment Ltd
Benchmark
SAA Weighted Index
Ongoing charge
Share class launch date
16 Oct 1989
Domicile
AU
Fund type
open-ended fund
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
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