2025 June NorthStar Monthly Report
We are pleased to share our June 2025 report for the NorthStar Impact Australian Equities Fund. The portfolio returned -1.18% in June, while the Small Industrials Index returned 2.34%.
For the month, the positive contributors included Tasmea, Kip Mcgrath and Aspen Group, whilst the negative contributors included Botanix, Genetic Signatures and Imricor.
As we move into FY26, the fund is strategically positioned to benefit from an interest rate easing cycle, AI-embedded cost out, and long-term secular themes including water management, circularity, electrification, ageing population, and AI-embedded healthcare.
Within our four core pillars of impact—Healthcare, Environment, Communities, and Education—we are seeing accelerating momentum in AI-adjacent segments, particularly electrification enablers and critical mineral circularity, both influenced by supportive U.S.industrial and clean energy policy.
Read the full monthly report 2025-06 NorthStar Monthly Report