PLP - Fund Update

Booster Investment Scheme 2
Private Land and Property Fund


Fund Update
For the quarter ended 30 June 2024
This fund update was first made publicly available on 26 July 2024

What is the purpose of this update?
This document tells you how the Private Land and Property Fund has performed and what fees were charged. The document will help
you to compare the fund with other funds. Booster Investment Management Limited prepared this update in accordance with the
Financial Markets Conduct Act 2013. This information is not audited and may be updated.

Description of this fund
The Booster Private Land and Property Fund investment objective is to provide investors with a complementary and enhanced risk/return
outcome compared to traditional listed property investments. It may borrow to invest in more land and properties or to develop land and
properties already held by the fund. The Private Land and Property Fund invests in primarily agricultural and horticultural land and
property-based investments by investing in units in Booster’s wholesale fund, the Private Land and Property Portfolio (Wholesale
Portfolio). The fund only holds unit in the Wholesale Portfolio, and potentially some cash.

What are the risks of investing?
Risk indicator for the Private Land and Property Fund:

The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund's assets go up and down. A higher
risk generally means higher potential returns over time, but more ups and downs along the way.
To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at
https://www.sorted.org.nz/tools/investor-kickstarter
Note that even the lowest category does not mean a risk-free investment, and there are other risks not captured by this rating.
This risk indicator is not a guarantee of a fund's future performance. The risk indicator is based on returns data for the five years to 30 June
2024. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in
future fund updates.
See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund.
1
2
3
4

6
7
Potentially lower returns
Lower risk
Potentially higher returns
igher risk
Total value of the Fund $12 ,870,690
The date the fund started 7 January 2019

Booster Investment Scheme 2
Private Land and Property Fund


How has the fund performed?

There is no appropriate market index and no suitable peer group index for the fund against which to assess either movements in the
market in relation to the returns from the assets in which the fund invests or the performance of the fund as a whole. Please see the Other
Material Information document, available at www.booster.co.nz/plpf for more information.
More information about the market index is available on the Disclose offer register at https://disclose-register.companiesoffice.govt.nz/
What fees are investors charged?
Investors in the Private Land and Property Fund are charged fund charges. In the year to 31 March 2024 these were:


Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching
funds). See the Booster Investment Scheme 2: Private Land and Property Fund PDS for more information about those fees.
See the product disclosure statement for more information about the basis on which performance fees are charged.
Small differences in fees and charges can have a big impact on your investment over the long term.
Example of how this applies to an investor
Ruby had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Ruby received a
loss after fund charges and tax were deducted of -$1 8 (that’s -1. 8% of her initial $10,000). Ruby also paid $0.00 in other charges. This
gives Ruby a total loss after tax of -$1 8 for the year.
What does the fund invest in?
4

Actual Investment Mix
This shows the types of assets that the fund invests in.


Target Investment Mix
This shows the mix of assets that the fund generally intends to
invest in.
0.49% Cash and cash equivalents
99.51% Unlisted property
100.00% Unlisted property

Average over the past 5 years Past Year
Annual return 8.40% -1. 8%
(after deductions for charges and tax)
Annual return 8.91% -1.62%
(after deductions for charges but before tax)
Market index annual return Not applicable Not applicable
(reflects no deduction for charges and tax)

% of Net Asset Value

Total fund charges
1
1.34%
Which are made up of:
Total management and administration charges 1.34%
Including:
Manager's basic fee
2
1.01%
Other management and administration charges
3
0.32%
Total Performance-based fees 0.00%
Other charges Dollar amount per investor
Member Fee $0.00

Booster Investment Scheme 2
Private Land and Property Fund


Top 10 Investments

The top 10 investments make up 98.41%
5
of the fund.
Key personnel
This shows the directors and employees who have the most influence on the investment decisions of the fund.

Further Information
You can also obtain this information, the PDS for the Booster Investment Scheme 2: Private Land and Property Fund, and some additional
information from the offer register at https://disclose-register.companiesoffice.govt.nz/
Name
% of fund
net assets
Type Country
Credit Rating
(if applicable)
2624 State ighway 10, Kerikeri, Northland 1 .63% Unlisted property NZ
86 ukatere Road Pukenui, 189 enry Road Katikati,
79 Wharerata Road Patutahi, and 117 Far North Road
Ngataki
14.29% Unlisted property NZ
206 Upton Downs Road, Seddon, Marlborough 12.60% Unlisted property NZ
Chewings Road, Mossburn 9.33% Unlisted property NZ
16 Chewings Road, Mossburn 9.11% Unlisted property NZ
Waimea West ops Limited 8.74% Unlisted property NZ
7 Barewood Road, Seddon, Marlborough 8. 9% Unlisted property NZ
2316 Orepuki Riverton ighway, Pahia 7. 8% Unlisted property NZ
Maraekakaho Road, astings, awke's Bay 7.06% Unlisted property NZ
416 Main Road, ope, Nelson .48% Unlisted property NZ
Name Current Position
Time in current
position
Previous or other position
Time in previous
or other position
Nic Craven
Chief Investment Officer, Booster Financial
Services Limited
2 years, 11
months
Senior Manager - Research,
Booster Financial Services
Limited
3 years, 2
months
Duncan
Wylie
GM-Strategic Development, Booster
Financial Services Limited
7 years,
months
GM Corporate Development,
Todd Corporation
1 year, 1 month
Allan Yeo
Managing Director, Booster Financial
Services Limited
26 years, 1
month
Associate Director, Barclays
Bank plc
2 years
David
Beattie
Principal, Booster Financial Services Limited
years, 4
months
CIO, Booster Financial Services
Limited
17 years, 6
months
Aaron
Usher
Portfolio Strategy Manager, Booster Financial
Services Limited
2 years, 11
months
Portfolio Manager -
Australasian Equities, Booster
Financial Services Limited
3 years, 8
months

Booster Investment Scheme 2
Private Land and Property Fund


Notes
1 Total fund charges are charged as a percentage of an investor's interest in the fund (i.e. as a percentage of their account balance). GST
is not included in any of the fees stated and will be added where required.
2 The management fee covers Booster's administration and investment management fees, the Supervisor's fee and the regular costs and
expenses of running the Scheme (such as audit fees and legal fees).
3 The property operating expenses were higher than usual for the year to 31 March 2024 due to unexpected one-off costs which arose in
large part due to repairs required to address damage caused by Cyclone Gabrielle.
4 The Private Land and Property Fund does not directly invest in the property assets but gains exposure to these assets by holding units
in the Wholesale Fund, which holds the direct property assets listed in the Top 10 Investments table.
The investment objective and strategy of the Wholesale Fund, allows the fund to borrow to invest in more land and properties or to
develop land and properties already held by the Wholesale Fund. The top 10 investments does not reflect the borrowing that the
Wholesale Fund has undertaken in respect of the properties held. For further information the Wholesale Fund, please refer to the Private
Land and Property Fund PDS and Other Material Information document.