Ausbil Australian Geared Equity aims to achieve returns (before fees and taxes) in excess of the benchmark over the medium to long term. The Fund predominantly invests in a portfolio of listed large cap Australian equities which are primarily chosen from the S&P/ASX 300 Index, and are partially funded by secured borrowings. The Fund is designed for investors 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 -3.09% (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 Geared Equity Ausbil Australian Geared Equity is an Managed Funds investment product that is benchmarked against ASX Index 200 Index and sits inside the Domestic Equity - Large Geared 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 Geared Equity has Assets Under Management of 210.73 M with a management fee of 1.2%, a performance fee of 0.00% and a buy/sell spread fee of 0.38%.
How has the investment product performed recently? The recent investment performance of the investment product shows that the Ausbil Australian Geared Equity has returned 14.07% in the last month. The previous three years have returned 19% annualised and 32.12% each year since inception, which is when the Ausbil Australian Geared 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 Geared Equity first started, the Sharpe ratio is 0.24 with an annualised volatility of 32.12%. The maximum drawdown of the investment product in the last 12 months is -16.2% and -76.12% 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 Geared Equity has a 12-month excess return when compared to the Domestic Equity - Large Geared Index of 4.55% and 0.84% 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 Geared Equity has produced Alpha over the Domestic Equity - Large Geared Index of 0.29% in the last 12 months and -0.02% since inception.
What are similar investment products? For a full list of investment products in the Domestic Equity - Large Geared Index category, you can click here for the Peer Investment Report.
What level of diversification will Ausbil Australian Geared Equity provide? Ausbil Australian Geared Equity has a correlation coefficient of 0.98 and a beta of 1.09 when compared to the Domestic Equity - Large Geared 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 Geared Equity and its peer investments, you can click here for the Peer Investment Report.
How do I compare the Ausbil Australian Geared Equity with the ASX Index 200 Index? For a full quantitative report on Ausbil Australian Geared Equity compared to the ASX Index 200 Index, you can click here.
Can I sort and compare the Ausbil Australian Geared Equity to do my own analysis? To sort and compare the Ausbil Australian Geared Equity financial metrics, please refer to the table above.
Has the Ausbil Australian Geared 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 Geared Equity? If you or your self managed super fund would like to invest in the Ausbil Australian Geared 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 Geared Equity? If you would like to get in contact with the Ausbil Australian Geared Equity manager, please call +61 02 9259 0200.
Comments from SMSF Mates SMSF Mate does not receive commissions or kickbacks from the Ausbil Australian Geared Equity. All data and commentary for this fund is provided free of charge for our readers general information.
Performance Commentary - August 31, 2023 Fund performance for August 2023 was -1.60% (net of fees) versus the benchmark return of -0.76%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight position in the Communication Services sector contributed to relative performance. The underweight positions in the Industrials, Financials and Utilities sectors also contributed to performance. Conversely, the overweight positions in the Materials, Consumer Staples, Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Energy, Consumer Discretionary and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Goodman Group, Lynas Rare Earths, James Hardie, Altium, Treasury Wine Estates and Aristocrat Leisure contributed to relative performance. The nil positions in Transurban Group, WiseTech Global, Coles Group and South32 also contributed to relative value. Conversely, the overweight positions in Block, ResMed, Webjet, Ramsay Health Care, Allkem and QBE Insurance detracted from relative performance. The nil positions in Wesfarmers, Cochlear, Carsales.com and Brambles also detracted value.
Performance Commentary - July 31, 2023 Fund performance for July 2023 was +5.87% (net of fees) versus the benchmark return of +2.89%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Information Technology and Communication Services sectors contributed to relative performance. The underweight positions in the Industrials and Consumer Staples sectors also contributed to performance. Conversely, the overweight positions in the Energy, Materials and Health Care sectors detracted from relative performance. The underweight positions in the Consumer Discretionary, Financials, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Block, Evolution Mining, Worley, James Hardie, Webjet, Sandfire Resources, IDP Education, Seek and National Australia Bank contributed to relative performance. The nil position in Fortescue Metals also contributed to relative value. Conversely, the overweight positions in Allkem, IGO, CSL, Lynas Rare Earths, Macquarie Group, Treasury Wine Estates, QBE Insurance and Telstra detracted from relative performance. The underweight position in Woodside Energy Group and the nil position in Westpac Bank also detracted value.
Performance Commentary - June 30, 2023 Fund performance for the quarter ending June 2023 was +2.60% (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 - May 31, 2023 Fund performance for May 2023 was -2.91% (net of fees) versus the benchmark return of -2.53%, 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 Consumer Discretionary and Financials sectors also contributed to performance. Conversely, the overweight positions in the Energy, Materials and Communication Services sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Staples, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Allkem, Xero, James Hardie, Lynas Rare Earths, Worley, IGO, CSL and NextDC contributed to relative performance. The nil holdings in Wesfarmers and Newcrest Mining also contributed to relative value. Conversely, the overweight positions in Treasury Wine Estates, IDP Education, QBE Insurance, 29Metals, Ramsay Health Care, Sandfire Resources, BlueScope Steel, National Australia Bank and Woodside Energy Group detracted from relative performance. The nil holding in WiseTech Global also detracted value.
Performance Commentary - April 30, 2023 Fund performance for April 2023 was +3.01% (net of fees) versus the benchmark return of +1.85%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Energy, Consumer Staples, Health Care and Information Technology sectors contributed to relative performance.
The underweight position in the Utilities sector also contributed to performance. Conversely, the overweight positions in the Materials and Communication Services sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Discretionary, Financials and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Evolution Mining, CSL, IGO, QBE Insurance, Treasury Wine Estates, Xero and NextDC contributed to relative performance. The nil holdings in Fortescue Metals, Mineral Resources and South32 also contributed to relative value. Conversely, the overweight positions in Block, BHP, Rio Tinto, BlueScope Steel and Ramsay Health Care detracted from relative performance. The nil holdings in Transurban Group, Westpac Bank, Newcrest Mining, Mirvac and Northern Star Resources also detracted value.
Performance Commentary - March 31, 2023 Fund performance for the quarter ending March 2023 was +4.51% (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 - February 28, 2023 Fund performance for February 2023 was -5.51% (net of fees) versus the benchmark return of -2.55%, 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 position in the Financials sector also contributed to performance. Conversely, the overweight positions in the Energy, Materials, Consumer Staples and Communication Services sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Discretionary, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in QBE Insurance, Aristocrat Leisure, Santos, Computershare, Qantas, Suncorp and Macquarie Group contributed to relative performance. Not holding Northern Star Resources, Westpac Bank and Domino’s Pizza also contributed to relative value. Conversely, the overweight positions in Lynas Rare Earths, Allkem, Evolution Mining, IGO, IDP Education and 29Metals detracted from relative performance. The nil holdings in Transurban Group, Brambles, Origin Energy and The Lottery Corporation also detracted value.
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