Annual Report 2024 - TCorp

About this report

FY24 was another year of significant economic and investment challenges, TCorp remained focused on supporting the NSW Government and our clients to deliver on their priorities. We continued to adapt to meet the needs of the NSW Government, including through the creation of the OneFund, an initiative which combines several funds and collectively represents around $47bn in assets under management.

Our aggregated portfolios returned 7.0% overall, reflecting market returns of $7.5bn. The financial markets team completed $32bn of bond issuance to support major NSW Government programmes.

FY24 Financial highlights Providing resilience for the state over the long term

Cumulative investment returns generated for the state since 1 July 2015 (inception of funds amalgamation)

Delivering a positive financial impact to the state Dividend

Supporting sustainable outcomes $2.7bn of sustainable bonds issued over the year, bringing total issuance under the NSW Sustainability Bond Programme to

Supporting the state New term funding for FY24 (borrowing at fixed terms greater than one year)

$22.6 bn

Helping local government Council loans - $241.6mn approved over the year, with total lending commitments now

$1.2 bn

Assets under management Unlisted assets of over $19.0bn with assets under management in excess of

$109.7 bn

Annual Reports

TCorp produces an annual report which gives details of our aims, objectives, corporate performance and operations each financial year. We also prepare an annual report on the NSW Sustainability Bond Programme. In this section, you will find copies of each report available in electronic format.