Ausbil Australian Active Equity Fund

Quarterly Fact Sheet - June 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
• 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:

Characteristic Out/Under
Performance%
Benchmark S&P/ASX 300 Accumulation Index
Minimum Investment*3 $20,000
Pricing Frequency Daily
Distribution Timetable Half yearly
Fees Management fee: 0.90% p.a.

Videos

Ausbil talks large cap stocks

10/06/2016

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

Ausbil positioning for low rate environment

31/03/2015

31 Mar 2015 - Ausbil's Australian Active Equity Fund Director of Equities, John Grace details how the fund is positioning for a low rate environment.

Ausbil’s FY14 winners & what to watch

05/12/2014

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

Product Features 2

Period Fund
Return%
Benchmark%   3 Out/Under
Performance%
3 months 3.55 3.98 -0.43
FYTD 1.23 0.87 0.36
1 year 1.23 0.87 0.36
3 years pa 8.39 7.70 0.69
5 years pa 7.76 7.20 0.56
7 years pa 8.85 8.68 0.16
10 years pa 5.24 4.76 0.48
Since inception pa
Date: July 1997
9.92 7.80 2.12

 

Sector allocations

  Position%   4 Index%   3 Tilt %
Energy 5.05 4.18 0.87
Materials 16.86 13.97 2.89
Industrials 7.69 8.42 -0.73
Consumer Discretionary 7.45 5.29 2.16
Consumer Staples 6.56 6.65 -0.09
Healthcare 6.05 7.40 -1.36
Financials (x REITs) 35.57 35.88 -0.31
REITs 3.08 8.79 -5.71
IT 1.30 1.15 0.15
Telecommunication 7.35 5.61 1.74
Utilities 1.00 2.65 -1.65
Cash 2.04 0.00 2.04
Total 100.00 100.00 0.00


 

Top 10 stock holdings

  Position%   4 Index%   3 Tilt %
Westpac Bank 9.51 6.97 2.54
Commonwealth Bank 7.65 9.07 -1.42
Telstra Corporation  6.91 4.83 2.07
National Australia Bank 5.65 4.78 0.87
BHP Billiton 5.07 4.26 0.81
Aristocrat Leisure 4.55 0.59 3.96
QBE Insurance 4.45 1.01 3.43
CSL 3.63 3.65 -0.02
Santos 3.62 0.52 3.10
BlueScope Steel 3.44 0.26 3.1

 

 

1. Ausbil Investment Trusts - Australian Active Equity Fund (AAP0103AU).
2. All data is as at 30 June 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. .

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