Acadian Sus Wholesale Glb Equity (FSF0710AU) Report & Performance

What is the Acadian Sus Wholesale Glb Equity fund?

The Acadian Wholesale Sustainable Global Equity Fund (the Fund) uses quantitative modelling and fundamental insights to identify socially responsible global equity stocks and reduce exposure to carbon intensive companies. The investment approach is both multi-faceted and highly adaptable, which allows Acadian to take advantage of attractive stocks opportunities as they arise. Acadian casts a wide net to discover the most attractive investment opportunities for inclusion in the portfolio, analysing more than 40,000 stocks daily.

  • Analyses more than 40,000 stocks daily to uncover opportunities and find hidden value
  • Systematic, bottom-up analysis converts insights into risk and return forecasts
  • Shares are selected using Environmental, Social and Governance (ESG) investment criteria and aim to reduce exposure to carbon intensive companies.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Acadian Sus Wholesale Glb Equity

Acadian Sus Wholesale Glb Equity Fund Commentary September 30, 2023

The Portfolio returned 0.85%, 22.39%, 9.67% and 12.32% net of fees for the quarterly, 1-,5-, and 10-year periods, versus returns of -0.43%, 21.64%, 9.79% and 12.48% for the MSCI World ex-AU (net) benchmark. Stock selection contributed to returns and country allocations were positive. Key sources of positive active returns included stock selection in the United States, an opportunistic exposure to Taiwan, and a combination of stock selection and an overweight position in Denmark. Leading advances within these markets respectively included a position in Booking Holdings, a holding in Wistron, and an investment in Novo Nordisk. Detractors included a combination of stock selection and an overweight position in Germany, a combination of stock selection and an underweight position in Japan, and an opportunistic exposure to China. Leading declines within these markets in turn included a position in Siemens, a holding in Rohm, and an investment in G-bits Network Tec A CNY1.*

Key Holdings2

Positive
‐ Our off-benchmark exposure to Wistron Corp., a Taiwan-based electronics manufacturer, was rewarded with 40 basis points of active returns as share prices rose 22.3% during the quarter. The companies been benefiting from increased investment in emerging technologies such as AI, green energy, and Industry 4.0.

Negative
‐ Our overweight to Fortinet, Inc., a provider of cybersecurity and networking solutions, cost the portfolio 30 basis points of active returns as share prices tumbled 21.6% during the period. The company has been reeling from weak macroeconomic conditions and recessionary fears which have negatively impacted its sales growth.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Product Overview
  • Performance Review
  • Peer Comparison
  • Product Details

Product Overview

Fund Name APIR Code
? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.
Structure
?
Asset Class
? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.
Asset Category
? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.
Peer Benchmark Name
? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.
Broad Market Index
? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.
FUM
? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
Management Fee
? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.
Performance Fee
? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.
Spread
? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
Acadian Sus Wholesale Glb EquityFSF0710AUManaged FundsForeign EquityLarge ValueForeign Equity - Large Value IndexDeveloped -World Index48.48 M0.98%0.00%0.14%

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Acadian Sus Wholesale Glb Equity3.77%-1.45%15.07%13.36%7.6%10.04%11.59%11.68%-5.04%-15.04%-46.98%

Peer Comparison

Fund Name Peer Index Name
? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.
12 Months Excess Return
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
Excess Return Annualised Since Inception
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
12 Months Alpha
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
Alpha Annualised Since Inception
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
12 Months Beta
? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
Beta Annualised Since Inception
? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
12 Months Tracking Error
? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
Tracking Error Since Inception
? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
12 Months Correlation
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Correlation Since Inception
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Acadian Sus Wholesale Glb EquityForeign Equity - Large Value Index5.51%0%0.44%0.03%0.03%1.055.76%5.17%0.840.9

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
Acadian Sus Wholesale Glb EquityYesTower 1, Ground Floor, 201 Sussex St,Sydney, NSW, 2000+61 2 93782000https://www.cfs.com.au/-

Product Due Diligence

What is Acadian Sus Wholesale Glb Equity

Acadian Sus Wholesale Glb Equity is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Value Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Acadian Sus Wholesale Glb Equity has Assets Under Management of 48.48 M with a management fee of 0.98%, a performance fee of 0.00% and a buy/sell spread fee of 0.14%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the Acadian Sus Wholesale Glb Equity has returned 3.77% in the last month. The previous three years have returned 13.36% annualised and 11.68% each year since inception, which is when the Acadian Sus Wholesale Glb Equity first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Acadian Sus Wholesale Glb Equity first started, the Sharpe ratio is 0.42 with an annualised volatility of 11.68%. The maximum drawdown of the investment product in the last 12 months is -5.04% and -46.98% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Acadian Sus Wholesale Glb Equity has a 12-month excess return when compared to the Foreign Equity - Large Value Index of 5.51% and 0% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Acadian Sus Wholesale Glb Equity has produced Alpha over the Foreign Equity - Large Value Index of 0.44% in the last 12 months and 0.03% since inception.

What are similar investment products?

For a full list of investment products in the Foreign Equity - Large Value Index category, you can click here for the Peer Investment Report.

What level of diversification will Acadian Sus Wholesale Glb Equity provide?

Acadian Sus Wholesale Glb Equity has a correlation coefficient of 0.9 and a beta of 1.05 when compared to the Foreign Equity - Large Value Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on Acadian Sus Wholesale Glb Equity and its peer investments, you can click here for the Peer Investment Report.

How do I compare the Acadian Sus Wholesale Glb Equity with the Developed -World Index?

For a full quantitative report on Acadian Sus Wholesale Glb Equity compared to the Developed -World Index, you can click here.

Can I sort and compare the Acadian Sus Wholesale Glb Equity to do my own analysis?

To sort and compare the Acadian Sus Wholesale Glb Equity financial metrics, please refer to the table above.

Has the Acadian Sus Wholesale Glb Equity been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in Acadian Sus Wholesale Glb Equity?

If you or your self managed super fund would like to invest in the Acadian Sus Wholesale Glb Equity please contact Tower 1, Ground Floor, 201 Sussex St,Sydney, NSW, 2000 via phone +61 2 93782000 or via email -.

How do I get in contact with the Acadian Sus Wholesale Glb Equity?

If you would like to get in contact with the Acadian Sus Wholesale Glb Equity manager, please call +61 2 93782000.

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the Acadian Sus Wholesale Glb Equity. All data and commentary for this fund is provided free of charge for our readers general information.

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Historical Performance Commentary

Performance Commentary - June 30, 2023

The Portfolio returned 6.53%, 23.28%, 11.50% and 12.72% net of fees for the quarterly, 1-,5-, and 10-year periods, versus returns of 7.63%, 22.59%, 11.46% and 13.17% for the MSCI World ex-AU (net) benchmark. Stock selection detracted from returns, while the country allocations were positive. Key sources of negative active return included a combination of stock selection and an underweight position in the United States, a combination of stock selection and an overweight position in Denmark, and opportunistic exposure to China. Leading declines within these markets respectively included a position in Valero Energy, a holding in AP Moller – Maersk, and an investment in G-bits Network Tec A CNY1. Contributors included opportunistic exposure to Taiwan, a combination of stock selection and an underweight position in Hong Kong, and stock selection in Spain. Leading advances within these markets in turn included a position in Wistron, a holding in IGG, and an investment in Industria de Diseno Textil.*

Performance Commentary - March 31, 2023

The Portfolio returned 10.57%, 6.75%, 11.41% and 13.75% net of fees for the quarterly, 1-,5-, and 10-year periods, versus returns of 9.20%, 4.31%, 11.02% and 13.95% for the MSCI World ex-AU (net) benchmark. Stock selection contributed to returns and country allocations were positive. Key sources of positive active returns included stock selection in the United States, an opportunistic exposure to China, and stock selection in France. Leading advances within these markets respectively included a position in Cadence Design Systems, a holding in 360 Security Technology, and an investment in STMicroelectronics. Detractors included a combination of stock selection and an overweight position in Norway, stock selection in the United Kingdom, and stock selection in Germany. Leading declines within these markets in turn included a position in Equinor, a holding in Johnson Matthey, and an investment in Deutsche Bank.*

Key Holdings2

Positive

‐ Our overweight to STMicroelectronics N.V., a designer and manufacturer of semiconductor products, was rewarded with 40 basis points of active return as share prices rallied 50.2% over the quarter. The company expects first quarter net revenues to increase 18.5% year-over-year to $4.2 billion. It has been benefiting from strength in its automotive and industrial infrastructure segments.

Negative

‐ Our underweight to NVIDIA Corp., an artificial intelligence computing company, cost the portfolio 54 basis points of active return as share prices rallied 87.4% over the quarter. The company has been benefiting from growth opportunities in ray-traced gaming, rendering, high-performance computing, AI and self-driving cars. A surge in Hyperscale demand also boosted its shares.

Performance Commentary - December 31, 2022

The Portfolio returned 3.02%, -11.08%, 9.01% and 13.12% net of fees for the quarterly, 1-,5-, and 10-year periods, versus returns of 3.95%, -12.52%, 9.25% and 13.74% for the MSCI World ex-AU (net) benchmark. Stock selection detracted from returns while the country allocations were positive. Key sources of negative active returns included a combination of stock selection and an underweight position in France, stock selection in Switzerland, and a combination of stock selection and an underweight position in Japan. Leading declines within these markets respectively included a lack of exposure to TotalEnergies, a holding in Roche Holding, and an investment in eRex. Contributors included an overweight position in Denmark, an overweight position in Austria, and a combination of stock selection and an underweight position in Canada. Leading advances within these markets in turn included a position in Novo Nordisk, a holding in OMV, and an investment in Fairfax Financial Holdings.*

Key Holdings2

Positive
‐ Our underweight to Tesla Inc., an EV maker, was rewarded with 71 basis points of active return as share prices declined 54.1% over the quarter. Tesla’s Q4 EV delivery data disappointed, falling short of expectations and weighed on the stock. The company made 405,278 deliveries in the period, compared to the consensus estimate of around 427,000 deliveries.

Negative
‐ Our out of benchmark exposure to Yelp Inc., operator of an online platform that connects consumers with local businesses, cost the portfolio 27 basis points of active return as share prices declined 20.3% in the period. A slowing economy and supply-chain constraints have been weighing on the stock. Increasing competition from Google and lack of revenue diversification are other concerns for the company.

Performance Commentary - September 30, 2022

For the third quarter, the portfolio outperformed its benchmark2 by 1.5%. Gains were realised from prudent stock selection while country allocations were negative. Key sources of positive active return included stock selection in the United States, stock selection in Germany, and a combination of stock selection and an overweight position in the Netherlands. Leading advances within these markets respectively included a position in Molina Healthcare, a holding in Merck, and an investment in Wolters Kluwer. Detractors included stock selection in the United Kingdom, an opportunistic exposure to China, and a combination of stock selection and an overweight position in Denmark. Leading declines within these markets in turn included a position in GSK, a holding in Orient Overseas International, and an investment in AP Moller – Maersk.

Performance Commentary - June 30, 2022

For the second quarter, the portfolio outperformed its benchmark2 by 0.9%. Gains were realized from a combination of stock selection and country allocations. Key sources of positive active return included a combination of stock selection and an underweight position in the United States, an opportunistic exposure to Thailand, and stock selection in Japan. Leading advances within these markets respectively included a position in McKesson, a holding in PTT Exploration & Production, and an investment in Mitsubishi Electric. Detractors included a combination of stock selection and an underweight position in the United Kingdom, a combination of stock selection and an underweight position in France, and stock selection in Switzerland. Leading declines within these markets in turn included a position in Greggs, a holding in STMicroelectronics, and a lack of exposure to Nestle.

Performance Commentary - March 31, 2022

For the first quarter, the portfolio outperformed its benchmark2 by 0.7%. Gains were realized from a combination of stock selection and country allocations. Key sources of positive active return included an opportunistic exposure to Brazil, stock selection in Israel, and a combination of stock selection and an overweight position in Norway. Leading advances within these markets respectively included a position in Energisa, a holding in Zim Integrated Shipping Ord Shs, and an investment in Equinor. Detractors included stock selection in the United States, a combination of stock selection and an underweight position in the United Kingdom, and a combination of stock selection and an underweight position in Canada. Leading declines within these markets in turn included a position in Bio-Rad Laboratories, a holding in Greggs, and a lack of exposure to Canadian Natural Resources.

Performance Commentary - December 31, 2021

For the fourth quarter, the portfolio outperformed its benchmark3 by 0.1%. Gains realised from stock selection were somewhat offset by negative payoffs from country allocations. Key sources of positive active return included stock selection in Denmark, stock selection in Israel, and a combination of stock selection and an underweight position in Germany. Leading advances within these markets respectively included a position in AP Moller – Maersk, a holding in ZIM Integrated Shipping Services Ord Shs, and a lack of exposure to BASF. Detractors included opportunistic exposure to South Korea, opportunistic exposure to China, and a combination of stock selection and an overweight position in Italy. Leading declines within these markets in turn included a position in Shinhan Financial Group, a holding in Sansteel Minguang, and an investment in Eni.

Key Holdings
Positive:
‐ Our overweight exposure to Accenture PLC, a global professional services company, was rewarded with 32 basis points of active return. Share prices climbed on a series of positive developments, most notably, the publication of highly favorable financial results for the quarter ending Nov. 30, 2021, which included a 27% increase in revenue over the same period last year. Also on a positive note, Accenture PLC was awarded a seven-year, $87 million contract by the U.S. Patent and Trademark Office and acquired Japan-based, integrated commerce services provider Tambourine.

Negative:
‐ Our underweight exposure to Nvidia Corp, an artificial intelligence computing company, cost the portfolio 41 basis points of active return as share prices surged 42% over the quarter. Record third quarter fiscal 2022 results boosted share prices. Highlights included a 50% jump in revenues from the same period one year earlier and a 9% hike from the previous quarter. The favorable outcome was largely driven by robust gains from the company’s Gaming, Data Center, and Professional Visualization market platforms

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