Ausbil Active Sustainable Equity Fund

Quarterly Fact Sheet - December 2020

‘Ausbil’s Active Sustainable Equity Fund1 is predominantly made up of Australian shares, which meet Ausbil’s sustainable approach to investing’
 

Investment aim

The Fund aims to achieve returns (before fees and taxes) in excess of the benchmark over the long term by primarily investing in listed Australian companies which meet Ausbil’s sustainable approach to investing. There is no guarantee that this objective will be achieved.

Key features of the strategy

• Invest in 30-45 listed companies primarily selected from the S&P/ASX 200 Index
• Process favours companies with a relatively good sustainable profile and are not subject to long-term earnings sustainability risk
• Companies with material direct or indirect exposure to the following ‘controversial activities’ are excluded: the production or distribution of alcohol, tobacco5, gambling, pornography; and weapons & armaments6; or the mining of thermal coal7 and uranium

Key benefits of the strategy

• Exposure to companies with a sustainable approach, satisfying a range of environmental, social and corporate governance considerations
• Managed by Ausbil’s 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:
 


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Latest Videos


17 Feb 2021

Excluding fossil fuels from Ausbil's Active Sustainable Equity Fund

17 Feb 2021 - Ausbil’s Active Sustainable Equity Fund Portfolio Manager Nicholas Condoleon and Ausbil Investment Management's Head of ESG Research Måns Carlsson talk about the composition of the fund, the exclusion of fossil fuels, returns and themes in ESG investing and the 3 year anniversary.

25 Nov 2019

Ausbil Investment Management on anti-slavery in supply chains

25 Nov 2019 - Ausbil Investment Management Head of ESG Research, Måns Carlsson-Sweeny, talks about his work with companies combating slavery in investment supply chains and his input into the Commonwealth’s Modern Slavery Act (2018).

20 Nov 2019

Ausbil Active Sustainable Equity Fund

20 Nov 2019 - Ausbil Investment Management Chief Investment Officer, Paul Xiradis and Ausbil Head of ESG Research, Måns Carlsson-Sweeny, provide an update on the Ausbil Active Sustainable Equity fund’s performance, talk about what the fund looks for in businesses that fit the description of "sustainable", and discuss how these characteristics provide long-term above-market returns.

30 Oct 2018

Ausbil Active Sustainable Equity Fund, FY18 Earnings Season

30 Oct 2018 - Ausbil Investment Management, Head of ESG Research, Mans Carlsson-Sweeny & CIO, Head of Equities & Portfolio Manager, Ausbil Active Sustainable Equities Fund, Paul Xiradis talk sustainable business and investing for the long term.


Product Features

Characteristic Comments
APIR AAP3940AU
Benchmark S&P/ASX 200 Accumulation Index
Minimum Investment5 $20,000
Pricing Frequency Daily
Distribution Timetable Semi-Annually; end June and end December
Management Fee  1.00% p.a

 

Performance2

 
Period Fund
Return%3
Benchmark%4 Out/Under
Performance%
3 months 16.62 13.70 2.92
6 months 21.40 13.20 8.20
FYTD 21.40 13.20 8.20
CYTD 16.11 1.40 14.70
1 year 16.11 1.40 14.70
2 years pa 21.77 11.86 9.91
Since inception pa
Date: 31 Jan 2018
12.15 7.09 5.06

Sector Allocations 2

  Fund% Index%2 Tilt%
Energy 0.00 3.75 -3.75
Materials 21.60 20.32 1.28
Industrials 13.34 7.83 5.51
Consumer Discretionary 2.59 7.71 -5.12
Consumer Staples 3.53 5.93 -2.40
Health Care 12.02 10.67 1.35
Financials 26.95 27.76 -0.82
Information Technology 11.64 5.19 6.44
Communication Services 0.00 2.45 -2.45
Utilities 0.00 1.40 -1.40
Real Estate 7.99 6.99 1.00
Cash 0.35 0.00 0.35
Total 100.00 100.00 0.00

 

Top 10 Stock holdings2

Company Name Fund% Index%4 Tilt%
CSL 8.53 7.01 1.52
Commonwealth Bank 7.89 7.93 -0.04
National Australia Bank 5.54 4.05 1.50
ANZ Bank 4.98 3.51 1.47
Afterpay 4.43 1.50 2.93
Fortescue Metals Group 4.07 2.12 1.95
Macquarie Group 4.06 2.56 1.50
The a2 Milk Company 3.53 0.46 3.07
Westpac Bank 3.31 3.81 -0.49
Qantas 3.24 0.50 2.74


 


1. Ausbil Active Sustainable Equity Fund (AAP3940AU).
2. Data as at 31 Decemberr 2020.
3. Fund returns are net of fees but before taxes.
4. The benchmark is S&P/ASX 200 Accumulation Index.
5. The investable universe has no exposure to tobacco companies. The Fund will have no direct exposure to tobacco companies.
6. The Fund has a particularly low tolerance to companies that manufacture nuclear missiles, landmines and cluster munitions.
7. From 1 January 2021, the exploration, mining and/or distribution of fossil fuels, such as oil, gas, oil sands and coal.
8. Ausbil has the discretion to waive these minimums.


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 Active Sustainable Equity Fund (ARSN 623 141 784) (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 monthly 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.