Ausbil Australian Emerging Leaders 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
• 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:

Videos

Ausbil talks Emerging Leaders Fund

22/06/2016

22 Jun 2016 - Ausbil Co-head of Equities, John Grace discusses the company's Emerging Leaders Fund and its performance.

Ausbil optimistic on corporate activity

28/10/2013

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
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 1 Management fee: 0.41% pa plus 0.05125% pa
Performance fee: 15.375% of the Fund's performance above the performance hurdle.
Performance hurdle: 70% S&P/ASX Midcap 50 Accumulation Index and 30% S&P/ASX Small Ordinaries Accumulation Index + 0.85% pa 
Expenses: 0.1025% pa of the Gross Asset Value

 

Performance after all fees 2

 
Period Fund
Return%
Benchmark%  2 Out/Under
Performance%
3 months 4.96 5.95 -0.98
FYTD 14.32 16.78 -2.45
1 year 14.32 16.78 -2.45
3 year pa 14.15 14.16 -0.01
5 years pa 7.71 7.00 0.70
7 years pa 10.45 8.75 1.70
10 years pa 5.65 3.79 1.86
Since inception pa
Date: April 2002
11.35 8.63 2.72

 

Sector Allocations 2

  Fund% Index%   2 Tilt%
Energy 0.63 1.30 -0.66
Materials 25.64 17.57 8.07
Industrials 4.41 9.19 -4.78
Consumer Discretionary 25.25 24.75 0.50
Consumer Staples 11.56 5.40 6.15
Healthcare 5.59 12.21 -6.62
Financials (ex REITs) 4.63 12.58 -7.95
REITs 0.00 4.49 -4.49
IT 5.25 3.04 2.20
Telecommunications 11.13 3.95 7.18
Utilities 4.40 5.51 -1.11
Cash 1.50 0.00 1.50
Total 100.00 100.00 0.00

 

Top 10 Stock holdings

Company Name Fund% Index% 4 Tilt%
Aristocrat Lesiure 9.94 3.36 6.58
TPG Telecom 6.82 1.51 5.30
Treasury Wine Estates 6.38 2.77 3.61
BlueScope Steel 6.13 1.47 4.67
Spark Infrastructure Group 4.40 1.67 2.73
Vocus Communications 4.32 1.84 2.47
Qube Holdings 3.92 0.89 3.03
Fairfax Media 3.27 0.90 2.36
Evolution Mining 3.19 0.51 2.67
Link Administration 2.99 0.42 2.57


 

1. Ausbil Investment Trusts - Emerging Leaders Fund (AAP0104AU).
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. 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.

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