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  5. inveST Australian Equity Fund - Managed fund profile

inveST Australian Equity Fund - Managed Fund (Closed)

Fund Objective
To provide exposure to a diversified portfolio of shares in companies listed on the Australian Stock Exchange. To provide a gross return that exceeds the Fund's performance benchmark over the long term.
Fund Strategy
The Funds invests in Underlying Funds which predominantly invest in unit trusts or shares listed or about to be listed on the Australian Stock Exchange. The Underlying Funds may also be exposed to short selling.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.6% 2.4% 4.64% 16.11% 20.65% 9.11% 10.87% -%
Growth return 0.6% 1.91% 3.22% 11.38% 16.34% 5.22% 7.36% -%
Income return 0% 0.49% 1.42% 4.73% 4.31% 3.89% 3.51% -%
Market index (S&P/ASX 200 TR AUD)
Total return 3.27% 5.33% 14.17% 14.45% 7.03% 9.62% 9.15% 8.27%
As at 31 May 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

inveST Australian Equity Fund
Australian Equities
99.53%
Cash
0.47%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.94%
Cash
0.37%
International Equities
4%
Property
3.29%
Fixed Interest
0.35%
Alternatives
0.06%

General Information

Fund Details
Type Description
inveST Australian Equity Fund
Closed
State Trustees Limited
STT0013AU
Equity Australia Large Blend
starstarstar (as at 31 May 2014)
Investment Fund
1 Jan 2009
$94.93 million (as at 30 May 2014)
$1.18589 (as at 24 Jun 2014)
$1.17951 (as at 24 Jun 2014)
Suppressed
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.70% (as at 30 Jun 2013)
Performance fee (not included in ICR) 0.07
Minimum initial investment $2,000.00
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

FAQs about the inveST Australian Equity Fund

The objective of the inveST Australian Equity Fund managed fund is To provide exposure to a diversified portfolio of shares in companies listed on the Australian Stock Exchange. To provide a gross return that exceeds the Fund's performance benchmark over the long term.

The strategy of the inveST Australian Equity Fund managed fund is The Funds invests in Underlying Funds which predominantly invest in unit trusts or shares listed or about to be listed on the Australian Stock Exchange. The Underlying Funds may also be exposed to short selling.

The APIR code of the inveST Australian Equity Fund managed fund is STT0013AU.

inveST Australian Equity Fund’s total return last month was 0.6%. This was made up of a growth return of 0.6% and an income return of 0%. These returns were calculated as at 31 May 2014.

inveST Australian Equity Fund’s total return for the last three months was 2.4%. This was made up of a growth return of 1.91% and an income return of 0.49%%. These returns were calculated as at 31 May 2014.

inveST Australian Equity Fund’s one-year total return is 16.11%. This was made up of a growth return of 11.38% and an income return of 4.73%. These returns were calculated as at 31 May 2014.

inveST Australian Equity Fund’s one-year total return is 9.11%. This was made up of a growth return of 5.22% and an income return of 3.89%. These returns were calculated as at 31 May 2014.

The asset allocation of the inveST Australian Equity Fund managed fund is :

Australian Equities
99.53%
Cash
0.47%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the inveST Australian Equity Fund managed fund is State Trustees Limited.

The inveST Australian Equity Fund managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 30 May 2014, the size of the inveST Australian Equity Fund managed fund was $94.93 million.

The inveST Australian Equity Fund managed fund has an inception date of 1 Jan 2009.

The current entry price of the inveST Australian Equity Fund managed fund is $1.18589 per unit and the current exit price is $1.17951 per unit (as at 24 Jun 2014).

The current exit price of the inveST Australian Equity Fund managed fund is $1.17951 per unit and the current entry price is $1.18589 per unit (as at 24 Jun 2014).

The minimum initial investment amount for the inveST Australian Equity Fund managed fund is $2,000. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.