Ausbil Australian Emerging Leaders Fund

Quarterly Fact Sheet - September 2017

‘The Ausbil Australian Emerging Leaders Fund is a concentrated portfolio of mid and small cap Australian shares, which possess potential for superior growth.’

 

Investment aim
The Fund aims to outperform the benchmark over the medium to long term. The Strategy invests in a portfolio of listed Australian equities that are primarily chosen from the S&P/ASX 300 Index, but generally exclude securities from the S&P/ASX 50 Index.


Key features of the strategy
• Invest in 30-40 quality mid to small 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
• Access to mid to small cap securities that may not be researched by major broking houses
 

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 investment report

The Australian Emerging Leaders Fund is an actively managed Australian equity fund managed against a composite benchmark (consisting of 70% S&P/ASX Mid Cap 50 Accumulation Index and 30% S&P/ASX Small Ordinaries Accumulation Index). The Fund invests in a portfolio of small/mid capitalisation Australian shares, assessed by our investment team to provide the greatest opportunities of appreciation over the coming 12 months. The aim of the Fund is to outperform the benchmark over the medium to long term.

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Latest Videos


28 Oct 2013

Ausbil optimistic on corporate activity

28 Oct 2013 - Ausbil Director of Equities John Grace speaks to FNN about the fund manager’s performance post reporting season and the positive outlook for corporate activity over the next 12 months.


Product Features
Characteristic Comments
APIR AAP0104AU
Benchmark 70% S&P/ASX Midcap 50 Accumulation Index and 30% S&P/ASX Small Ordinaries Accumulation Index
Minimum Investment $20,000
Pricing Frequency Daily
Distribution Timetable Half yearly
Fees  Management fee: 0.85% pa
Performance fee: 15.375% of the Fund's performance above the benchmark, plus 0.85% pa.

 

Performance1

  
Period Fund
Return%1		 Benchmark%  2 Out/Under
Performance%
3 months 2.92 0.82 2.10
6 months 6.79 3.72 3.06
FYTD 2.92 0.82 2.10
1 year 6.30 7.70 -1.40
3 years pa 9.78 13.31 -3.52
5 years pa 13.31 12.32 0.99
7 years pa 8.53 7.56 0.98
10 years pa 4.36 1.83 2.52
Since inception pa
Date: April 2002		 11.32 8.94 2.38

Sector Allocations 
  Fund% Index%  2 Tilt%
Energy 1.11 1.75 -0.64
Materials 43.77 19.91 23.86
Industrials 17.34 14.15 3.19
Consumer Discretionary 13.09 18.68 -5.59
Consumer Staples 2.16 5.05 -2.88
Health Care 8.51 10.18 -1.67
Financials 6.90 15.82 -8.91
Information Technology 5.67 4.41 1.26
Telecommunication Services 0.00 2.92 -2.92
Utilities 0.00 2.92 -2.92
Real Estate 0.00 5.23 -5.23
Cash 1.44 0.00 1.44
Total 100.00 100.00 0.00

 

Top 10 Stock holdings
Company Name Fund% Index% Tilt%
BlueScope Steel 6.28 2.34 3.94
Cochlear 5.21 3.47 1.74
Alumina 5.14 1.95 3.19
Boral 4.99 3.02 1.97
Downer EDI 4.64 1.57 3.08
Challenger 3.76 2.72 1.05
Mineral Resources 3.59 0.48 3.10
OZ Minerals 3.59 0.48 3.10
Iluka Resources 3.45 1.51 1.94
Link Administration 3.06 1.40 1.66


 


1. Fund returns are net of fees and gross of taxes
2. The composite benchmark is 70% S&P/ASX Midcap 50 Accumulation Index and 30% S&P/ASX Small Ordinaries 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 Emerging Leaders Fund (ARSN 089 995 442) (Ausbil Australian Emerging Leaders Fund, Australian Emerging Leaders 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.