Ausbil 130/30 Focus – Wholesale (AAP0008AU) Report & Performance

What is the Ausbil 130/30 Focus – Wholesale fund?

Ausbil 130/30 Focus – Wholesale aims to outperform the S&P/ASX 200 Accumulation Index over the long term by investing in listed Australian equities (long and short). The Fund invests in a portfolio of listed Australian equities (long and short) that are generally chosen from the S&P/ASX 300 Index.

  • The Fund will hold between 25-50 securities for its long exposure and a maximum of 25 securities for its short exposure.
  • Target long positions of approximately 130% and short positions of approximately 30%.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Ausbil 130/30 Focus – Wholesale

Ausbil 130/30 Focus – Wholesale Fund Commentary September 30, 2023

Fund performance for the quarter ending September 2023 was -1.74% (net of fees), versus the benchmark return of -0.77%, as measured by the S&P/ASX 200 Accumulation Index.

Over the quarter, at a sector level, the overweight positions in the Energy and Utilities sectors contributed to relative performance. The underweight position in the Industrials sector also added value. Conversely, the overweight positions in the Consumer Staples, Health Care, Information Technology and Communication Services sectors detracted from relative performance. The underweight positions in the Materials, Consumer Discretionary, Financials and Real Estate sectors also detracted value.

The largest short positions were in selected stocks within the Consumer Discretionary, Real Estate and Industrials sectors.

At a stock level, the overweight positions in Carsales.com, Treasury Wine Estates, Suncorp, Santos, Aristocrat Leisure and Worley contributed to relative performance. The underweight position in WiseTech Global, and the nil position in Sonic Healthcare also added value. Conversely, the overweight positions in ResMed, CSL, QBE Insurance, Telstra, Block, Pilbara Minerals, Aurizon Holdings and IDP Education detracted from relative performance. The underweight position in Wesfarmers also detracted value.

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.
Ausbil 130/30 Focus – WholesaleAAP0008AUManaged FundsDomestic EquityAustralian Long ShortDomestic Equity - Long Short IndexASX Index 200 Index788.81 M1%20.50%0.3%

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.
Ausbil 130/30 Focus – Wholesale5.86%5.55%6.44%5.78%8.73%10.48%10.83%13.03%-7.9%-10.97%-21.96%

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.
Ausbil 130/30 Focus – WholesaleDomestic Equity - Long Short Index-4.59%-1.91%-0.31%-0.08%-0.08%0.882.21%5.69%0.990.91

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
Ausbil 130/30 Focus – WholesaleYesGrosvenor Place, Level 27, 225 George Street,Sydney NSW 2000+61 02 9259 0200https://www.ausbil.com.au/contactus@ausbil.com.au

Product Due Diligence

What is Ausbil 130/30 Focus – Wholesale

Ausbil 130/30 Focus – Wholesale is an Managed Funds investment product that is benchmarked against ASX Index 200 Index and sits inside the Domestic Equity - Long Short 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 Ausbil 130/30 Focus – Wholesale has Assets Under Management of 788.81 M with a management fee of 1%, a performance fee of 20.50% and a buy/sell spread fee of 0.3%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the Ausbil 130/30 Focus – Wholesale has returned 5.86% in the last month. The previous three years have returned 5.78% annualised and 13.03% each year since inception, which is when the Ausbil 130/30 Focus – Wholesale 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 Ausbil 130/30 Focus – Wholesale first started, the Sharpe ratio is 0.54 with an annualised volatility of 13.03%. The maximum drawdown of the investment product in the last 12 months is -7.9% and -21.96% 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 Ausbil 130/30 Focus – Wholesale has a 12-month excess return when compared to the Domestic Equity - Long Short Index of -4.59% and -1.91% 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. Ausbil 130/30 Focus – Wholesale has produced Alpha over the Domestic Equity - Long Short Index of -0.31% in the last 12 months and -0.08% since inception.

What are similar investment products?

For a full list of investment products in the Domestic Equity - Long Short Index category, you can click here for the Peer Investment Report.

What level of diversification will Ausbil 130/30 Focus – Wholesale provide?

Ausbil 130/30 Focus – Wholesale has a correlation coefficient of 0.91 and a beta of 0.88 when compared to the Domestic Equity - Long Short 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 Ausbil 130/30 Focus – Wholesale and its peer investments, you can click here for the Peer Investment Report.

How do I compare the Ausbil 130/30 Focus – Wholesale with the ASX Index 200 Index?

For a full quantitative report on Ausbil 130/30 Focus – Wholesale compared to the ASX Index 200 Index, you can click here.

Can I sort and compare the Ausbil 130/30 Focus – Wholesale to do my own analysis?

To sort and compare the Ausbil 130/30 Focus – Wholesale financial metrics, please refer to the table above.

Has the Ausbil 130/30 Focus – Wholesale 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 Ausbil 130/30 Focus – Wholesale?

If you or your self managed super fund would like to invest in the Ausbil 130/30 Focus – Wholesale please contact Grosvenor Place, Level 27, 225 George Street,Sydney NSW 2000 via phone +61 02 9259 0200 or via email contactus@ausbil.com.au.

How do I get in contact with the Ausbil 130/30 Focus – Wholesale?

If you would like to get in contact with the Ausbil 130/30 Focus – Wholesale manager, please call +61 02 9259 0200.

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the Ausbil 130/30 Focus – Wholesale. All data and commentary for this fund is provided free of charge for our readers general information.

Historical Performance Commentary

Performance Commentary - June 30, 2023

Fund performance for the quarter ending June 2023 was +0.72% (net of fees), versus the benchmark return of +1.01%, as measured by the S&P/ASX 200 Accumulation Index.

Over the quarter, at a sector level, the overweight exposure to the Information Technology sector contributed to relative performance. The underweight exposure to the Consumer Discretionary sector also added to performance. Conversely, the overweight positions in the Health Care, Communication Services and Utilities sectors detracted from relative performance. The underweight positions in the Energy, Materials, Industrials, Consumer Staples, Financials and Real Estate sectors also detracted value.

The largest short positions were in selected stocks within the Consumer Discretionary, Real Estate and Communication Services sectors.

At a stock level, the overweight positions in Xero, Allkem, Goodman Group, NextDC, James Hardie, Aurizon Holdings, IGO and Santos contributed to relative performance. The nil position in Ramsay Health Care and the underweight position in Northern Star Resources also added value. Conversely, the overweight positions in IDP Education, Treasury Wine Estates, BHP, Rio Tinto, Pilbara Minerals, Evolution Mining, BlueScope Steel and APA Group detracted from relative performance. The underweight position in WiseTech Global also detracted value.

Performance Commentary - March 31, 2023

Fund performance for the quarter ending March 2023 was +1.88% (net of fees) versus the benchmark return of +3.46%, as measured by the S&P/ASX 200 Accumulation Index.

At a sector level, the overweight positions in the Consumer Staples and Communication Services sectors contributed to relative performance. The underweight positions in the Financials and Real Estate sectors also contributed to relative performance. Conversely, the overweight positions in the Health Care, Information Technology and Utilities sectors detracted from relative performance. The underweight positions in the Energy, Materials, Industrials and Consumer Discretionary sectors also detracted value.

The largest short positions were in select stocks within the Consumer Discretionary, Materials and Real Estate sectors.

At a stock level, the overweight positions in Aristocrat Leisure, Woolworths, Fisher & Paykel, BHP, Newcrest Mining and Telstra contributed to relative performance. The nil position in Whitehaven Coal and the underweight positions in Westpac Bank and ANZ Bank also contributed value. Conversely, the overweight positions in Computershare, Lynas Rare Earths and APA Group detracted from relative value. The underweight positions in South32, Allkem, Wesfarmers and Woodside Energy Group also detracted value.

Performance Commentary - January 31, 2023

Fund performance for January 2023 was +5.46% (net of fees) versus the benchmark return of +6.23%, as measured by the S&P/ASX 200 Accumulation Index.

At a sector level, the overweight position in the Communication Services sector contributed to relative performance. The underweight position in the Financials sector also contributed to relative performance. Conversely, the overweight positions in the Industrials, Consumer Staples, Health Care, Information Technology and Utilities sectors detracted from relative performance. The underweight positions in the Energy, Materials, Consumer Discretionary and Real Estate sectors also detracted value.

The largest short positions were in select stocks within the Consumer Discretionary, Materials, Financials and Communication Services sectors.

At a stock level, the overweight positions in Goodman Group, Lynas Rare Earths, IDP Education, Macquarie Group, Aristocrat Leisure and Seek contributed to relative performance. The underweight position in Westpac Bank and the nil position in Origin Energy also contributed value. Conversely, the overweight positions in Computershare, Santos, APA Group and Suncorp detracted from relative value. The underweight positions in South32 and Allkem also detracted value.

Performance Commentary - December 31, 2022

Fund performance for the quarter ending December 2022 was +5.14% (net of fees) versus the benchmark return of +9.40%, as measured by the S&P/ ASX 200 Accumulation Index.

At a sector level, the underweight position in the Consumer Discretionary sector contributed to relative value. Conversely, the overweight positions in the Energy, Consumer Staples, Health Care, Information Technology, Communication Services and Utilities sectors detracted from relative performance. The underweight positions in the Materials, Industrials, Financials and Real Estate sectors also detracted value.

The largest short positions were in select stocks within the Consumer Discretionary, Materials, Information Technology and Financials sectors.

At a stock level, the overweight positions in BHP, Suncorp and Carsales. com contributed to relative performance. The underweight positions in Whitehaven Coal, Allkem and ASX and the nil position in Endeavour Group also contributed value. Conversely, the overweight positions in Medibank, ResMed, Woolworths, Santos, Telstra, CSL and Ampol detracted from relative value. The nil position in Fortescue Metals and the underweight positions in Origin Energy and South32 also detracted value.

Performance Commentary - September 30, 2022

Fund performance for the quarter ending September 2022 was -2.03% (net of fees) versus the benchmark return of +0.39%, as measured by the S&P/ASX 200 Accumulation Index.

At a sector level, the overweight position in the Health Care sector contributed to relative value. The underweight positions in the Industrials and Real Estate sectors also contributed to relative value. Conversely, the overweight positions in the Energy, Consumer Staples, Information Technology, Communication Services and Utilities sectors detracted from relative performance. The underweight positions in the Materials, Consumer Discretionary and Financials sectors also detracted value.

The largest short positions were in selected stocks within the Consumer Discretionary, Information Technology, Materials, Real Estate and Financials sectors.

At a stock level, the overweight positions in IGO, South32, ResMed, CSL, Allkem, Computershare, Treasury Wine Estates and OZ Minerals contributed to relative performance. The nil position in Newcrest Mining also contributed value. Conversely, the overweight positions in APA Group, Goodman Group, Suncorp, Ampol, Carsales.com and Macquarie Group detracted from relative value. The underweight positions in Mineral Resources and Woodside Energy Group, and the nil position in Pilbara Minerals also detracted value.

Performance Commentary - June 30, 2022

Fund performance for the quarter ending June 2022 was -9.15% (net of fees), versus the benchmark return of -11.90%, as measured by the S&P/ASX 200 Accumulation Index.

Over the quarter, at a sector level, the overweight exposures to the Energy, Materials, Consumer Staples, Health Care, Communication Services and Utilities sectors contributed to relative performance. The underweight exposures to the Financials, Information Technology and Real Estate sectors also added to performance. Conversely, the underweight positions in the Industrials and Consumer Discretionary sectors detracted value.

The largest short positions were in selected stocks within the Consumer Discretionary, Financials and Materials sectors.

At a stock level, the overweight positions in CSL, Amcor, Santos, Ampol, Computershare, Coles Group and Telstra contributed to relative performance. The nil position in Block also added value. Conversely, the overweight positions in Northern Star Resources, Evolution Mining, IDP Education, Goodman Group, James Hardie, OZ Minerals, Seek and Lynas Rare Earths detracted from relative performance. The underweight positions in Transurban Group and Brambles also detracted value.

Performance Commentary - March 31, 2022

Fund performance for the quarter ending March 2022 was +2.35% (net of fees) versus the benchmark return of +2.24%, as measured by the S&P/ASX 200 Accumulation Index.

At a sector level, the overweight position in the Energy sector contributed to relative value. The underweight exposures to the Materials, Industrials, Information Technology and Real Estate sectors also added value. Conversely, the overweight positions in the Consumer Discretionary, Health Care, Communication Services and Utilities sectors detracted from relative performance. The underweight positions in the Consumer Staples and Financials sectors also detracted value. The largest short positions were in selected stocks within the Financials, Materials, Information Technology, Industrials and Consumer Discretionary sectors.

At a stock level, the overweight positions in BHP, IGO, Computershare, Santos, Lynas Rare Earths, Origin Energy and Allkem contributed to relative performance. The nil position in Block also contributed value. Conversely, the overweight positions in Goodman Group, Pointsbet, Aristocrat Leisure, CSL, Praemium, IDP Education and Seek detracted from relative value. The underweight positions in Woodside Petroleum and Westpac Bank also detracted value.

Kind words from Aussies managing
their own self funded futures

  • SMSF Mate is a unique website because it has ideas about how to approach SMSFs, insurance and other financial topics that come straight from first hand experience. It's much more useful than what you find on all the other financial websites that just offer generic info that you could easily get on the ATO's website. It's also nice to know there's no financial incentive behind the information, it's legitimately there to help people understand self-managed super funds and how to get the most out of them, not to get an affiliate commission from a broker or other financial services provider. The investment product information is also incredibly useful, I've never seen this kind of functionality on any other website that let's you look at such a wide range of products, sort by what info is most interesting or important to you, and subscribe to updates for different funds and financial products all in one place. Definitely worth checking out if you own or are considering an SMSF!

    David G, Self-Employed, SMSF Owner
  • SMSF Mate provides a unique insight into superannuation and financial topics in a way that is easier to understand than conventional websites. The colloquial nature of the site makes it easy to understand and they often speak about complicated topics in lamens terms so I can wrap my head around them. The investment product information is a great way to research funds that I am interested in investing in with my SMSF and there is a lot of helpful information on the site for better structuring my investment portfolio. In comparison to other websites which offer similar information, SMSF Mate excels as the information is free to access whereas many other sites charge a subscription fee for the same thing. Overall, I think SMSF Mate is a great resource for SMSF trustees and is worth looking at for a variety of super-related topics. Thanks.

    Tim B, Business Owner, SMSF Trustee