Ausbil Australian Active Equity Fund

Quarterly Fact Sheet - September 2016

‘Ausbil’s Australian Active Equity Fund1 is a concentrated portfolio of Australian shares, managed by Ausbil’s highly skilled equities team’
 

Investment aim
The Fund aims to outperform the S&P/ASX 300 Accumulation Index over the medium to long term, with moderate tax effective income. The strategy invests in a portfolio of listed Australian equities that are generally chosen from the S&P/ASX 300 Index.


Key features of the strategy
• Invest in 30-40 quality large and mid cap Australian companies
• The process favours companies with positive earnings and earnings revision profiles
• Aims to provide investors with long-term capital growth with income


Key benefits of the strategy
• Exposure to quality industrial and resource shares
• Managed by Ausbil's skilled and multi-award winning investment team
 

Investment Style
We classify ourselves as ‘core‘; wherein at certain stages of the cycle the portfolio may have a value or growth tilt as markets provide opportunities for particular types of stocks to enjoy earnings growth. Ausbil employs a four-stage process to provide the framework for portfolio construction consistent with its investment philosophy. The process is summarised in the diagram below:


Latest Videos


26 May 2016

Ausbil talks large cap stocks

10 Jun 2016 - Ausbil CEO & Head of Equities Paul Xiradis discusses large caps within the context of the Ausbil Active Equity Fund.

4 Dec 2014

Ausbil’s FY14 winners & what to watch

04 Dec 2014 - Ausbil CEO & Head of Equities Paul Xiradis discusses the boutique fund managers’ best stock picks over the year and what to watch in the year ahead

28 Aug 2012

Ausbil: Overweight banking sector

15 Aug 2012 - Ausbil CEO and Head of Equities, Paul Xiradis provides the Fund Manager’s outlook for equities and performance highlights of its Australian Active Equity Fund.

5 Dec 2011

Remaining overweight banks and resource stocks

05 Dec 2011 - John Grace, Head of Equity at fund manager Ausbil Dexia talks about the importance of yield in the total return for banks and industrials and their overweight positions.

17 Oct 2011

Reporting season analysis

17 March 2011 - John Grace, Director of Equity at fund manager Ausbil Dexia talks about the reporting season, some of its biggest holdings and why the market will get back to 5,000 points and stay there.

17 Oct 2011

Fund manager update

13 July 2010 – John Grace, Director of Equity at fund manager Ausbil Dexia talks about the market over the last 12 months, their performance, best picks and outlook for FY 10/ 11.

5 Nov 2009

Aussie equities: fair value?

11 November 2009 – John Grace, Director of Equity at fund manager Ausbil Dexia discusses valuations, sector rotation and the outlook for FY 10 & 11.


Product Features 

Characteristic Comments
Benchmark S&P/ASX 300 Accumulation Index
Minimum Investment $20,000
Pricing Frequency Daily
Distribution Timetable Half yearly
Fees  Management fee: 0.90% p.a.

Performance 2

Period Fund
Return%
4
Benchmark%   5 Out/Under
Performance%
3 months 4.14 5.24 -1.10
FYTD 4.14 5.24 -1.10
1 year 11.97 13.50 -1.53
3 years pa 5.79 6.03 -0.24
5 years pa 11.57 11.02 0.55
7 years pa 6.16 6.46 -0.30
10 years pa 5.52 4.99 0.53
Since inception pa
Date: July 1997
10.02 7.99 2.03

Sector allocations2

  Position%   Index%   5 Tilt %
Energy 5.82 4.09 1.73
Materials 18.72 15.41 3.30
Industrials 6.63 7.67 -1.05
Consumer Discretionary 7.67 5.59 2.08
Consumer Staples 6.76 7.09 -0.34
Healthcare 6.52 7.21 -0.69
Financials 34.55 35.22 -0.67
IT 2.54 1.33 1.21
Telecommunication 6.77 4.99 1.78
Utilities 0.95 2.46 -1.51
Real Estate 2.27 8.92 -6.65
Cash 0.80 0.00 0.80
Total 100.00 100.00 0.00


 

Top 10 stock holdings2

  Position%   4 Index%   3 Tilt %
Westpac Bank 9.57 6.74 2.83
Commonwealth Bank 7.91 8.47 -0.56
BHP Billiton 7.31 4.90 2.41
National Australia Bank 6.99 5.05 1.94
Telstra 6.25 4.32 1.93
Aristocrat Leisure 4.34 0.65 3.70
BlueScope Steel 3.68 0.30 3.38
CSL 3.49 3.33 0.16
Wesfarmers 3.08 3.38 -0.30
Treasury Wine Estates 3.03 0.56 2.47


1. Ausbil Investment Trusts - Australian Active Equity Fund (AAP0103AU).
2. All data is as at 30 September 2016.
3. Figures assume that distributions are reinvested and are net of fees but before taxes.
4. S&P/ASX 300 Accumulation Index.


Unless otherwise specified, any information contained in this publication is current as at the date of this report and is prepared by Ausbil Investment Management Limited (ABN 26 076 316 473 AFSL 229722) (Ausbil). Ausbil is the issuer of the Ausbil Investment Trusts – Australian Active Equity Fund (ARSN 089 996 127) (Ausbil Australian Active Equity Fund, Australian Active Equity Fund or Fund). This report contains general information only and the information provided is factual only and does not constitute financial product advice. It does not take account of your individual objectives, financial situation or needs. Before acting on it, you should seek independent financial and tax advice about its appropriateness to your objectives, financial situation and needs. Securities and sectors mentioned in this report are presented to illustrate companies and sectors in which the Fund has invested and should not be considered a recommendation to purchase, sell or hold any particular security. Holdings are subject to change daily. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. Unless otherwise stated, performance figures are calculated net of fees and assume distributions are reinvested. Due to rounding the figures in the holdings, breakdowns may not add up to 100%. No guarantee or warranty is made as to the accuracy, adequacy or reliability of any statements, estimates, opinions or other information contained herein (any of which may change without notice) and should not be relied upon as a representation express or implied as to any future or current matter. You should consider the Product Disclosure Statement which is available at www.ausbil.com.au before acquiring or investing in the fund. .