Investments
We exercise care, diligence, and skill in investing our clients’ money in accordance with the law and relevant internal policies.
Investing with diligent care and expertise
When investing our clients’ money, we have access to a range of internal investment funds (known as ‘Common Funds’, or ‘Funds’) designed to cater for the diverse needs of our clients.
When managing the Funds, our investment team works closely with our external investment partner, Mercer Australia, to achieve the best possible investment outcomes for our clients.
The Funds are invested across major asset classes including Australian shares, international shares, property, infrastructure, fixed income and cash.* We have also incorporated Environmental, Social and Governance (ESG) considerations into the investment approach of the Funds.
Our range of Funds are available only where we act as trustee or executor or where we manage a client’s financial and property affairs and are not offered to members of the public.
*Our Funds are established and operated under the State Trustees (State Owned Company) Act 1994 (Vic.) and theTrustees Companies Act 1984 (Vic.). The Funds are invested in accordance with the law, including the requirements of the
Our funds
| inveST Australian Equity Fund | |
| Investment sector |
Equities – Australia |
|---|---|
| Fund profile | Download |
| Fact sheet | Download |
| inveST Balanced Fund | |
| Investment sector |
Diversified |
| Fund profile | Download |
| Fact sheet | Download |
| inveST International Equity Fund | |
| Investment sector |
Equities – Global |
| Fund profile | Download |
| Fact sheet | Download |
| inveST Property Fund | |
| Investment sector |
Real Assets |
| Fund profile | Download |
| Fact sheet | Download |
| inveST Diversified Income Fund | |
| Investment sector |
Fixed income – Australia and global |
| Fund profile | Download |
| Fact sheet | Download |
| Charitable Common Fund¹ | |
| Investment sector |
Diversified |
| Fund profile | Download |
| Fact sheet | Download |
| Common Fund No.1 (Cash) ² | |
| Investment sector |
Cash |
| Fund profile | Download |
| Fact sheet | Download |
| Common Fund No.2 (Cash) ² | |
| Investment sector |
Cash |
| Fund profile | Download |
| Fact sheet | Download |
¹For charitable trusts only
²Closed for new clients
Daily unit prices – inveST Funds and Charitable Common Fund
Unit prices move up and down each day in line with market movement of the underlying assets for each Fund. The assets are valued daily to determine their market value. All fees and other expenses are deducted before calculating the value of each unit.
When money is invested, it ‘buys’ units in that Fund. When money is taken out of a Fund, it ‘sells’ units in that Fund. We use the ‘exit’ price to value a client’s total balance in the Fund each day. Unit prices are calculated daily.
Effective date: 16th April 2024
| inveST Australian Equity Fund | |
| Entry Price |
1.0269 |
|---|---|
| Mid Price |
1.025 |
| Exit Price |
1.0231 |
| Historical Prices | Download |
| inveST International Equity Fund | |
| Entry Price |
1.3453 |
| Mid Price |
1.3436 |
| Exit Price |
1.3419 |
| Historical Prices | Download |
| inveST Property Fund | |
| Entry Price |
1.0699 |
| Mid Price |
1.0685 |
| Exit Price |
1.0671 |
| Historical Prices | Download |
| inveST Diversified Income Fund | |
| Entry Price |
0.8547 |
| Mid Price |
0.8537 |
| Exit Price |
0.8528 |
| Historical Prices | Download |
| inveST Balanced Fund | |
| Entry Price |
1.1622 |
| Mid Price |
1.1603 |
| Exit Price |
1.1584 |
| Historical Prices | Download |
| Charitable Common Fund ¹ | |
| Entry Price |
0.9281 |
| Mid Price |
0.9265 |
| Exit Price |
0.9249 |
| Historical Prices | Download |
| Common Fund No.1 (Cash)² | |
| Entry Price |
1 |
| Mid Price |
1 |
| Exit Price |
1 |
| Historical Prices | Download |
| Common Fund No.2 (Cash)² | |
| Entry Price |
1 |
| Mid Price |
1 |
| Exit Price |
1 |
| Historical Prices | Download |
¹For charitable trusts only
²Closed for new clients
The two Cash Common Funds are managed as “Dollar funds”. This means the underlying price of each Fund remains at one dollar ($1) regardless of the income earned. Interest on these Funds is distributed monthly.
Fund performance
The investment performance in the table below represents how each fund has performed before taking out any costs.
Investment performance as at 31st March 2024
| inveST Australian Equity Fund | |
| 1 month |
3.7 |
|---|---|
| 3 months |
6.32 |
| 1 year |
15.96 |
| 3 years* |
9.62 |
| 5 years* |
9.34 |
| 10 years* |
8.61 |
| inveST International Equity Fund | |
| 1 month |
2.76 |
| 3 months |
11.39 |
| 1 year |
24.37 |
| 3 years* |
11.18 |
| 5 years* |
12.53 |
| 10 years* |
11.81 |
| inveST Property Fund | |
| 1 month |
5.49 |
| 3 months |
6.77 |
| 1 year |
16.11 |
| 3 years* |
4.5 |
| 5 years* |
2.72 |
| 10 years* |
7.95 |
| inveST Diversified Income Fund | |
| 1 month |
0.72 |
| 3 months |
0.66 |
| 1 year |
2.83 |
| 3 years* |
-1.5 |
| 5 years* |
0.12 |
| 10 years* |
2.3 |
| inveST Balanced Fund | |
| 1 month |
2.41 |
| 3 months |
5.52 |
| 1 year |
11.8 |
| 3 years* |
5.39 |
| 5 years* |
6.72 |
| 10 years* |
7.63 |
| Charitable Common Fund ¹ | |
| 1 month |
2.72 |
| 3 months |
5.53 |
| 1 year |
13.12 |
| 3 years* |
5.65 |
| 5 years* |
6.23 |
| 10 years* |
6.67 |
| Common Fund No.1 (Cash)² | |
| 1 month |
1 |
| 3 months |
1 |
| 1 year |
1 |
| 3 years* |
1 |
| 5 years* |
1 |
| 10 years* |
1 |
| Common Fund No.2 (Cash)² | |
| 1 month |
1 |
| 3 months |
1 |
| 1 year |
1 |
| 3 years* |
1 |
| 5 years* |
1 |
| 10 years* |
1 |
¹For charitable trusts only
²Closed for new clients
*The 3-, 5- and 10-year figures are average annual returns.
Important information
Past performance is not necessarily an indication of likely future performance.
State Trustees’ Funds (including the inveST Funds) are not open to investment by members of the public or other external parties. The Funds are solely for the investment of internal money held by State Trustees Limited (AFSL No. 238037) as a trustee company. The investment information above does not take into account the objectives, financial situation, or needs of any particular person. You should consider the appropriateness of the information and its relevance to the particular circumstances before making any financial decisions.
Frequently asked questions
What are Common Funds?
A common fund is a type of fund that an organisation, such as a trustee company, may use to pool together money it holds from different sources, to obtain a better overall return than it could if each sum of money was invested separately. The pooled money can be invested in a diversified portfolio.
What are the inveST Funds?
The inveST Funds are a selection of Funds maintained by State Trustees, consisting of four asset-class funds (inveST Australian Equity Fund, inveST International Equity Fund, inveST Property Fund, and inveST Fixed Income Fund) and a diversified fund (inveST Balanced Fund). The range of options enables State Trustees to construct a unique portfolio for our clients based on their risk profile. As with all our Funds, the inveST Funds are available only where we act as trustee or executor or where we manage a client’s financial and property affairs. They are not offered to the public.
What are asset classes?
An asset class is a group of investments that have similar characteristics and behave similarly in the market place. Some examples of asset classes are shares, property, and fixed income.
What are real assets?
They are physical or tangible assets, such as real estate and infrastructure. The inveST Property Fund predominantly holds investments targeting the real asset investment sector.
What influences investment performance?
The performance of investments may change over time due to factors such as market conditions, market outlook and how the assets are allocated in specific sectors or stocks.
You can take a look at the current market outlook in the download section of this page.
How often is investment fund performance calculated?
The performance of each fund is calculated monthly.
How are the unit prices calculated?
The following applies to the five inveST Funds and the Charitable Common Fund:
- The mid price (otherwise known as net asset value) is calculated by dividing the total net asset value of the Fund by the number of units active on the valuation date.
- The entry price (and exit price) is calculated by adjusting for the cost involved in buying and selling units in the Fund.
- The exit price (and entry price) is calculated by adjusting for the cost involved in buying and selling units in the Fund.
Whose money can be invested in State Trustees’ Funds?
Our Funds are available only where we act as trustee or where we manage a client’s financial and property affairs. They are not offered to the public.
Are returns on State Trustees’ Funds guaranteed?
No. The investment returns of State Trustees’ funds are not guaranteed and may move up and down based on market movements.
