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

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}

Peers

Benchmark ({{ fund.benchmark.name }})

{{ fund.model.name }}

The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Grow your money, not your fees

It's fees rather than returns that make the biggest difference to your investment's compounding returns.

Free Fees Report

Investing made simple

Our professionally-tailored investment portfolios consistently beat most of our peers.

Free investor guide

Grow your money, not your fees

It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report

Investing made simple

Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

% p.a.

Average of peers ({{ fund.benchmark.peers.peerCount }})

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.

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	-1.31%	2.1%	8.44%	24.89%	13.39%	8.01%	8.17%	8.32%

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: 93.38%

Cash: -0.10%

International Equities: 4.21%

Property: 2.11%

Fixed Interest: 0.40%

Alternatives: 0.01%

General Information

Fund Details

Type	Description
Fund Name	inveST Australian Equity Fund
Fund Status	Closed
Responsible Entity	State Trustees Limited
APIR Code	STT0013AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 31 May 2014)
Legal Structure	Investment Fund
Fund Inception	1 Jan 2009
Fund Size	$94.93 million (as at 30 May 2014)
Entry Price	$1.18589 (as at 24 Jun 2014)
Exit Price	$1.17951 (as at 24 Jun 2014)
Fund Status	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

What is the objective of the inveST Australian Equity Fund managed 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.

What is the strategy for the inveST Australian Equity Fund managed fund?

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.

What is the APIR code of the inveST Australian Equity Fund managed fund?

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

What was inveST Australian Equity Fund’s total return last month?

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.

What was inveST Australian Equity Fund’s total return for the last three months?

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.

What is inveST Australian Equity Fund’s one-year total return?

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.

What is inveST Australian Equity Fund’s three-year total return?

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.

What is the asset allocation of the inveST Australian Equity Fund managed fund?

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%

Who is the responsible Entity of the inveST Australian Equity Fund managed fund?

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

What sector/asset class does the inveST Australian Equity Fund managed fund belong to?

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

What is the size of the inveST Australian Equity Fund managed fund?

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

What is the inception date of the inveST Australian Equity Fund managed fund?

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

What is the current entry price of the inveST Australian Equity Fund managed fund?

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).

What is the current exit price of the inveST Australian Equity Fund managed fund?

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).

What is the minimum investment amount for the inveST Australian Equity Fund managed fund?

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.

What our members say about us