Ausbil Australian Active Equity aims to achieve returns (before fees and taxes) in excess of the S&P/ASX 300 Accumulation Index over the medium to long term with moderate tax effective income. The Fund predominantly invests in a portfolio of listed large cap Australian equities which are primarily chosen from the S&P/ASX 300 Index. The Fund is designed for investors with at least a five year investment time horizon, who wish to benefit from the long-term capital gains available from share investments and who are comfortable with fluctuations in capital value in the short to medium term.
Fund performance for the quarter ending September 2023 was -1.04% (net of fees), versus the benchmark return of -0.84%, as measured by the S&P/ASX 300 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Consumer Staples and Communication Services sectors contributed to relative performance. The underweight positions in the Industrials, Utilities and Real Estate sectors also added value. Conversely, the overweight positions in the Energy, Materials, Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Financials sectors also detracted value.
At a stock level, the overweight positions in Worley, Treasury Wine Estates, National Australia Bank, Santos, Computershare, Goodman Group, James Hardie and Aristocrat Leisure contributed to relative performance. The nil positions in Transurban Group and Coles Group added value over the quarter. Conversely, the overweight positions in Allkem, Block, ResMed, IGO, CSL and Xero detracted from relative performance. The underweight position in Woodside Energy Group and the nil positions in Wesfarmers, Cochlear and Carsales.com also detracted value.
What is Ausbil Australian Active Equity Ausbil Australian Active Equity is an Managed Funds investment product that is benchmarked against ASX Index 200 Index and sits inside the Domestic Equity - Large Growth 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 Australian Active Equity has Assets Under Management of 1.55 BN with a management fee of 0.9%, a performance fee of 0.00% and a buy/sell spread fee of 0.2%.
How has the investment product performed recently? The recent investment performance of the investment product shows that the Ausbil Australian Active Equity has returned 7.22% in the last month. The previous three years have returned 11.12% annualised and 14.29% each year since inception, which is when the Ausbil Australian Active 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 Ausbil Australian Active Equity first started, the Sharpe ratio is 0.48 with an annualised volatility of 14.29%. The maximum drawdown of the investment product in the last 12 months is -8.04% and -43.42% 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 Australian Active Equity has a 12-month excess return when compared to the Domestic Equity - Large Growth Index of -2.45% and 0.67% 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 Australian Active Equity has produced Alpha over the Domestic Equity - Large Growth Index of -0.16% in the last 12 months and 0.04% since inception.
What are similar investment products? For a full list of investment products in the Domestic Equity - Large Growth Index category, you can click here for the Peer Investment Report.
What level of diversification will Ausbil Australian Active Equity provide? Ausbil Australian Active Equity has a correlation coefficient of 0.98 and a beta of 0.95 when compared to the Domestic Equity - Large Growth 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 Australian Active Equity and its peer investments, you can click here for the Peer Investment Report.
How do I compare the Ausbil Australian Active Equity with the ASX Index 200 Index? For a full quantitative report on Ausbil Australian Active Equity compared to the ASX Index 200 Index, you can click here.
Can I sort and compare the Ausbil Australian Active Equity to do my own analysis? To sort and compare the Ausbil Australian Active Equity financial metrics, please refer to the table above.
Has the Ausbil Australian Active 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 Ausbil Australian Active Equity? If you or your self managed super fund would like to invest in the Ausbil Australian Active Equity 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 Australian Active Equity? If you would like to get in contact with the Ausbil Australian Active Equity manager, please call +61 02 9259 0200.
Comments from SMSF Mates SMSF Mate does not receive commissions or kickbacks from the Ausbil Australian Active Equity. All data and commentary for this fund is provided free of charge for our readers general information.
Performance Commentary - June 30, 2023 Fund performance for the quarter ending June 2023 was +1.90% (net of fees), versus the benchmark return of 0.99%, as measured by the S&P/ASX 300 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Health Care, Information Technology and Communication Services sectors contributed to relative performance. The underweight position in the Consumer Discretionary sector also added value. Conversely, the overweight positions in the Energy and Materials sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Staples, Financials, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Allkem, Xero, James Hardie, IGO, Santos, NextDC, Worley, Goodman Group and Aristocrat Leisure contributed to relative performance. The nil position in South32 added value over the quarter.
Conversely, the overweight positions in Treasury Wine Estates, IDP Education, Ramsay Health Care, Block, Qantas, 29Metals and Sandfire Resources detracted from relative performance. The nil positions in Pilbara Minerals, WiseTech Global and Insurance Australia Group also detracted value.
Performance Commentary - March 31, 2023 Fund performance for the quarter ending March 2023 was +2.97% (net of fees) versus the benchmark return of +3.33%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials, Health Care and Information Technology sectors contributed to relative performance. The underweight positions in the Financials, Utilities and Real Estate sectors also contributed to performance. Conversely, the overweight position in the Communication Services sector detracted from relative performance. The underweight positions in the Industrials, Consumer Discretionary and Consumer Staples sectors also detracted value.
At a stock level, the overweight positions in Xero, Aristocrat Leisure, BlueScope Steel, QBE Insurance, Qantas, Seek, Block and James Hardie contributed to relative performance. Not holding Westpac Bank and Whitehaven Coal also contributed to relative value. Conversely, the overweight positions in Lynas Rare Earths, Computershare, National Australia Bank, 29Metals, OZ Minerals and IGO detracted from relative performance. The nil holdings in Newcrest Mining, Wesfarmers, Fortescue Metals and Liontown Resources also detracted value.
Performance Commentary - January 31, 2023 Fund performance for January 2023 was +7.01% (net of fees) versus the benchmark return of +6.29%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials and Communication Services sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Staples, Financials and Utilities sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Lynas Rare Earths, Block, Allkem, Goodman Group, IDP Education, BlueScope Steel, Macquarie Group, Seek and James Hardie contributed to relative performance. Not holding Westpac Bank also contributed to relative value. Conversely, the overweight positions in OZ Minerals, Computershare, Santos, QBE Insurance, CSL and Worley detracted from relative performance. The nil holdings in Pilbara Minerals, South32, Mineral Resources and WiseTech Global also detracted value.
Performance Commentary - December 31, 2022 Fund performance for the quarter ending December 2022 was +7.15% (net of fees) versus the benchmark return of +9.13%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials and Communication Services sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Discretionary, Consumer Staples and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Financials and Utilities sectors also detracted value.
At a stock level, the overweight positions in Qantas, Webjet, QBE Insurance, Worley and Suncorp contributed to relative performance. The nil holdings in Pilbara Minerals, Medibank, ASX, Coles Group and Sonic Healthcare also contributed to relative value. Conversely, the overweight positions in Allkem, ResMed, CSL, Aristocrat Leisure, Santos and IGO detracted from relative performance. The nil holdings in Westpac Bank, Fortescue Metals, Origin Energy and Northern Star Resources also detracted value.
Performance Commentary - September 30, 2022 Fund performance for the quarter ending September 2022 was +2.38% (net of fees) versus the benchmark return of +0.45%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Health Care and Information Technology sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Staples, Financials, Utilities and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Energy and Materials sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Communication Services sectors also detracted value.
At a stock level, the overweight positions in OZ Minerals, IGO, Allkem, Qantas, CSL, Treasury Wine Estates, ResMed and 29Metals contributed to relative performance. The nil holdings in Transurban Group and Newcrest Mining also contributed to relative value. Conversely, the overweight positions in Lynas Rare Earths, Ramsay Health Care, QBE Insurance, Worley, NextDC and Santos detracted from relative performance. The nil holdings in Pilbara Minerals, Whitehaven Coal, Westpac Bank and Mineral Resources also detracted value.
Performance Commentary - June 30, 2022 Fund performance for the quarter ending June 2022 was -12.02% (net of fees), versus the benchmark return of -12.22%, as measured by the S&P/ASX 300 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Energy and Health Care sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Discretionary and Real Estate sectors also added value. Conversely, the overweight positions in the Materials, Financials and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Staples, Communication Services and Utilities sectors also detracted value.
At a stock level, the overweight positions in QBE Insurance, Worley, CSL, Ramsay Health Care, Santos and Computershare contributed to relative performance. The nil positions in Westpac Bank, Northern Star Resources, Evolution Mining and Wesfarmers also added value over the quarter. Conversely, the overweight positions in OZ Minerals, IGO, Block, BlueScope Steel, Lynas Rare Earths, Seek and 29Metals detracted from relative performance. The underweight position in Transurban Group and the nil positions in Amcor and Brambles also detracted value.
Performance Commentary - March 31, 2022 Fund performance for the quarter ending March 2022 was +3.02% (net of fees) versus the benchmark return of +2.08%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials and Financials sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples, Communication Services and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Industrials and Utilities sectors also detracted value.
At a stock level, the overweight positions in BHP, IGO, Santos, National Australia Bank, Computershare, Lynas Rare Earths and Allkem contributed to relative performance. The nil positions in Wesfarmers, James Hardie and Reece also added value. Conversely, the overweight positions in Aristocrat Leisure, CSL, OZ Minerals, Xero, Goodman Group and Ramsay Health Care detracted from relative performance. The underweight positions in Westpac Bank, Woodside Petroleum, South32 and Fortescue Metals also detracted value.
Product Snapshot
Product Overview
Performance Review
Peer Comparison
Product Details