September, 2023
Fund performance for the quarter ending September 2023 was -3.09% (net of fees), versus the benchmark return of -0.84%, as measured by the S&P/ASX 300 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Consumer Staples and Communication Services sectors contributed to relative performance. The underweight positions in the Industrials, Utilities and Real Estate sectors also added value. Conversely, the overweight positions in the Energy, Materials, Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Financials sectors also detracted value.
At a stock level, the overweight positions in Worley, Treasury Wine Estates, National Australia Bank, Santos, Computershare, Goodman Group, James Hardie and Aristocrat Leisure contributed to relative performance. The nil positions in Transurban Group and Coles Group added value over the quarter. Conversely, the overweight positions in Allkem, Block, ResMed, IGO, CSL and Xero detracted from relative performance. The underweight position in Woodside Energy Group and the nil positions in Wesfarmers, Cochlear and Carsales.com also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2309-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfAugust, 2023
Fund performance for August 2023 was -1.60% (net of fees) versus the benchmark return of -0.76%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight position in the Communication Services sector contributed to relative performance. The underweight positions in the Industrials, Financials and Utilities sectors also contributed to performance. Conversely, the overweight positions in the Materials, Consumer Staples, Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Energy, Consumer Discretionary and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Goodman Group, Lynas Rare Earths, James Hardie, Altium, Treasury Wine Estates and Aristocrat Leisure contributed to relative performance. The nil positions in Transurban Group, WiseTech Global, Coles Group and South32 also contributed to relative value. Conversely, the overweight positions in Block, ResMed, Webjet, Ramsay Health Care, Allkem and QBE Insurance detracted from relative performance. The nil positions in Wesfarmers, Cochlear, Carsales.com and Brambles also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2308-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfJuly, 2023
Fund performance for July 2023 was +5.87% (net of fees) versus the benchmark return of +2.89%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Information Technology and Communication Services sectors contributed to relative performance. The underweight positions in the Industrials and Consumer Staples sectors also contributed to performance. Conversely, the overweight positions in the Energy, Materials and Health Care sectors detracted from relative performance. The underweight positions in the Consumer Discretionary, Financials, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Block, Evolution Mining, Worley, James Hardie, Webjet, Sandfire Resources, IDP Education, Seek and National Australia Bank contributed to relative performance. The nil position in Fortescue Metals also contributed to relative value. Conversely, the overweight positions in Allkem, IGO, CSL, Lynas Rare Earths, Macquarie Group, Treasury Wine Estates, QBE Insurance and Telstra detracted from relative performance. The underweight position in Woodside Energy Group and the nil position in Westpac Bank also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2307-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfJune, 2023
Fund performance for the quarter ending June 2023 was +2.60% (net of fees), versus the benchmark return of +0.99%, as measured by the S&P/ASX 300 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Health Care, Information Technology and Communication Services sectors contributed to relative performance. The underweight position in the Consumer Discretionary sector also added value. Conversely, the overweight positions in the Energy and Materials sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Staples, Financials, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Allkem, Xero, James Hardie, IGO, Santos, NextDC, Worley, Goodman Group and Aristocrat Leisure contributed to relative performance. The nil position in South32 added value over the quarter.
Conversely, the overweight positions in Treasury Wine Estates, IDP Education, Ramsay Health Care, Block, Qantas, 29Metals and Sandfire Resources detracted from relative performance. The nil positions in Pilbara Minerals, WiseTech Global and Insurance Australia Group also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2306-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfMay, 2023
Fund performance for May 2023 was -2.91% (net of fees) versus the benchmark return of -2.53%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Health Care and Information Technology sectors contributed to relative performance. The underweight positions in the Consumer Discretionary and Financials sectors also contributed to performance. Conversely, the overweight positions in the Energy, Materials and Communication Services sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Staples, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Allkem, Xero, James Hardie, Lynas Rare Earths, Worley, IGO, CSL and NextDC contributed to relative performance. The nil holdings in Wesfarmers and Newcrest Mining also contributed to relative value. Conversely, the overweight positions in Treasury Wine Estates, IDP Education, QBE Insurance, 29Metals, Ramsay Health Care, Sandfire Resources, BlueScope Steel, National Australia Bank and Woodside Energy Group detracted from relative performance. The nil holding in WiseTech Global also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2305-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfApril, 2023
Fund performance for April 2023 was +3.01% (net of fees) versus the benchmark return of +1.85%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Energy, Consumer Staples, Health Care and Information Technology sectors contributed to relative performance.
The underweight position in the Utilities sector also contributed to performance. Conversely, the overweight positions in the Materials and Communication Services sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Discretionary, Financials and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Evolution Mining, CSL, IGO, QBE Insurance, Treasury Wine Estates, Xero and NextDC contributed to relative performance. The nil holdings in Fortescue Metals, Mineral Resources and South32 also contributed to relative value. Conversely, the overweight positions in Block, BHP, Rio Tinto, BlueScope Steel and Ramsay Health Care detracted from relative performance. The nil holdings in Transurban Group, Westpac Bank, Newcrest Mining, Mirvac and Northern Star Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2304-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfMarch, 2023
Fund performance for the quarter ending March 2023 was +4.51% (net of fees) versus the benchmark return of +3.33%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials, Health Care and Information Technology sectors contributed to relative performance. The underweight positions in the Financials, Utilities and Real Estate sectors also contributed to performance. Conversely, the overweight position in the Communication Services sector detracted from relative performance. The underweight positions in the Industrials, Consumer Discretionary and Consumer Staples sectors also detracted value.
At a stock level, the overweight positions in Xero, Aristocrat Leisure, BlueScope Steel, QBE Insurance, Qantas, Seek, Block and James Hardie contributed to relative performance. Not holding Westpac Bank and Whitehaven Coal also contributed to relative value. Conversely, the overweight positions in Lynas Rare Earths, Computershare, National Australia Bank, 29Metals, OZ Minerals and IGO detracted from relative performance. The nil holdings in Newcrest Mining, Wesfarmers, Fortescue Metals and Liontown Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2303-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU-1.pdfFebruary, 2023
Fund performance for February 2023 was -5.51% (net of fees) versus the benchmark return of -2.55%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Health Care and Information Technology sectors contributed to relative performance. The underweight position in the Financials sector also contributed to performance. Conversely, the overweight positions in the Energy, Materials, Consumer Staples and Communication Services sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Discretionary, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in QBE Insurance, Aristocrat Leisure, Santos, Computershare, Qantas, Suncorp and Macquarie Group contributed to relative performance. Not holding Northern Star Resources, Westpac Bank and Domino’s Pizza also contributed to relative value. Conversely, the overweight positions in Lynas Rare Earths, Allkem, Evolution Mining, IGO, IDP Education and 29Metals detracted from relative performance. The nil holdings in Transurban Group, Brambles, Origin Energy and The Lottery Corporation also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2302-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfJanuary, 2023
Fund performance for January 2023 was +13.52% (net of fees) versus the benchmark return of +6.29%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials and Communication Services sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Staples, Financials and Utilities sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Lynas Rare Earths, Block, Allkem, Goodman Group, IDP Education, BlueScope Steel, Macquarie Group, Seek and James Hardie contributed to relative performance. Not holding Westpac Bank also contributed to relative value. Conversely, the overweight positions in OZ Minerals, Computershare, Santos, QBE Insurance, CSL and Worley detracted from relative performance. The nil holdings in Pilbara Minerals, South32, Mineral Resources and WiseTech Global also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2301-Ausbil-Australian-Geared-Equity-Fund-Product-Report.pdfDecember, 2022
Fund performance for the quarter ending December 2022 was +14.18% (net of fees) versus the benchmark return of +9.13%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials and Communication Services sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Discretionary, Consumer Staples and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Financials and Utilities sectors also detracted value.
At a stock level, the overweight positions in Qantas, Webjet, QBE Insurance, Worley and Suncorp contributed to relative performance. The nil holdings in Pilbara Minerals, Medibank, ASX, Coles Group and Sonic Healthcare also contributed to relative value. Conversely, the overweight positions in Allkem, ResMed, CSL, Aristocrat Leisure, Santos and IGO detracted from relative performance. The nil holdings in Westpac Bank, Fortescue Metals, Origin Energy and Northern Star Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2212-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU-1.pdfNovember, 2022
Fund performance for November 2022 was +10.57% (net of fees) versus the benchmark return of +6.49%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials, Financials and Communication Services sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Industrials and Utilities sectors also detracted value.
At a stock level, the overweight positions in OZ Minerals, Webjet, 29Metals, NextDC, BlueScope Steel and Ramsay Health Care contributed to relative performance. The nil holdings in Westpac Bank, Pilbara Minerals, Sonic Healthcare and Lendlease also contributed to relative value. Conversely, the overweight positions in Santos, Allkem, Aristocrat Leisure, IGO, National Australia Bank, Xero and ResMed detracted from relative performance. The underweight position in Rio Tinto and nil holdings in Fortescue Metals and Origin Energy also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2211-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfOctober, 2022
Fund performance for October 2022 was +12.09% (net of fees) versus the benchmark return of +5.96%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight position in the Communication Services sector contributed to relative performance. The underweight positions in the Industrials and Consumer Staples sectors also contributed to performance. Conversely, the overweight positions in the Energy, Materials, Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Discretionary, Financials, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Qantas, IGO, National Australia Bank, Lynas Rare Earths, Aristocrat Leisure and Worley contributed to relative performance. The nil holdings in Fortescue Metals, Medibank and ASX also contributed to relative value. Conversely, the overweight positions in OZ Minerals, CSL, 29Metals, ResMed, NextDC, Computershare and Treasury Wine Estates detracted from relative performance. The underweight position in Woodside Energy Group and nil holdings in Westpac Bank and Scentre Group also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2210-Ausbil-Australian-Geared-Equity-Fund-Product-Report.pdfSeptember, 2022
Fund performance for the quarter ending September 2022 was +4.32% (net of fees) versus the benchmark return of +0.45%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Health Care and Information Technology sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Staples, Financials, Utilities and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Energy and Materials sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Communication Services sectors also detracted value.
At a stock level, the overweight positions in OZ Minerals, IGO, Allkem, Qantas, CSL, Treasury Wine Estates, ResMed and 29Metals contributed to relative performance. The nil holdings in Transurban Group and Newcrest Mining also contributed to relative value. Conversely, the overweight positions in Lynas Rare Earths, Ramsay Health Care, QBE Insurance, Worley, NextDC and Santos detracted from relative performance. The nil holdings in Pilbara Minerals, Whitehaven Coal, Westpac Bank and Mineral Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2209-Ausbil-Australian-Geared-Equity-Fund-Product-Report-1.pdfAugust, 2022
Fund performance for August 2022 was +7.11% (net of fees) versus the benchmark return of +1.18%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight position in the Materials sector contributed to relative performance. The underweight positions in the Industrials, Consumer Discretionary, Consumer Staples, Utilities and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Energy, Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Financials and Communication Services sectors also detracted value.
At a stock level, the overweight positions in OZ Minerals, IGO, Allkem, Qantas, Santos, QBE Insurance, Treasury Wine Estates and 29Metals contributed to relative performance. The nil holdings in Transurban Group and ASX also contributed to relative value. Conversely, the overweight positions in ResMed, NextDC, Seek, Block and Xero detracted from relative performance. The underweight position in Woodside Energy Group and nil holdings in Pilbara Minerals, Mineral Resources, Whitehaven Coal and South32 also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2208-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfJuly, 2022
Fund performance for July 2022 was +10.31% (net of fees) versus the benchmark return of +5.95%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Health Care, Financials and Information Technology sectors contributed to relative performance. The underweight positions in the Consumer Staples, Communication Services and Utilities sectors also contributed to performance. Conversely, the overweight positions in the Energy and Materials sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Discretionary and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Xero, Block, IGO, National Australia Bank, IDP Education, ResMed and Goodman Group contributed to relative performance. The nil holdings in Newcrest Mining, Transurban Group and South32 also contributed to relative value. Conversely, the overweight positions in QBE Insurance, Santos, Lynas Rare Earths, Ramsay Health Care, Qantas, Worley and Webjet detracted from relative performance. The nil holdings in Westpac Bank, Wesfarmers and WiseTech Global also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2207-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfJune, 2022
Fund performance for the quarter ending June 2022 was -24.66% (net of fees), versus the benchmark return of -12.22%, as measured by the S&P/ASX 300 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Energy and Health Care sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Discretionary and Real Estate sectors also added value. Conversely, the overweight positions in the Materials, Financials and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Staples, Communication Services and Utilities sectors also detracted value.
At a stock level, the overweight positions in QBE Insurance, Worley, CSL, Ramsay Health Care, Santos and Computershare contributed to relative performance. The nil positions in Westpac Bank, Northern Star Resources, Evolution Mining and Wesfarmers also added value over the quarter. Conversely, the overweight positions in OZ Minerals, IGO, Block, BlueScope Steel, Lynas Rare Earths, Seek and 29Metals detracted from relative performance. The underweight position in Transurban Group and the nil positions in Amcor and Brambles also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2206-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfMay, 2022
Fund performance for May 2022 was -3.81% (net of fees) versus the benchmark return of -2.76%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials, Health Care and Financials sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Discretionary, Consumer Staples, Communication Services and Real Estate sectors also contributed to performance. Conversely, the overweight position in the Information Technology sector detracted from relative performance. The underweight position in the Utilities sector also detracted value. At a stock level, the overweight positions in Allkem, Lynas Rare Earths, Santos, Worley, Treasury Wine Estates, Aristocrat Leisure and CSL contributed to relative performance. The underweight position in Woodside Energy and the nil holdings in James Hardie and Fortescue Metals also contributed to relative value. Conversely, the overweight positions in BlueScope Steel, Seek, Macquarie Group, Goodman Group and Computershare detracted from relative performance. The nil holdings in Westpac Bank, South32, Amcor, Transurban Group and Mineral Resources also detracted value
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2205-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfApril, 2022
Fund performance for April 2022 was -2.42% (net of fees) versus the benchmark return of -0.84%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Health Care and Financials sectors contributed to relative performance. The underweight positions in the Industrials and Consumer Discretionary sectors also contributed to performance. Conversely, the overweight positions in the Materials and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Staples, Communication Services, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Ramsay Health Care, Qantas, QBE Insurance, Allkem, Santos, Worley, Webjet, CSL, Macquarie Group and Goodman Group contributed to relative performance. Conversely, the overweight positions in Lynas Rare Earths, IGO, OZ Minerals, Aristocrat Leisure, Block, IDP Education and ResMed detracted from relative performance. The underweight position in Transurban Group and the nil holdings in Fortescue Metals and Amcor also detracted value
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2204-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfMarch, 2022
Fund performance for the quarter ending March 2022 was +5.36% (net of fees) versus the benchmark return of +2.08%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Energy, Materials, and Financials sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples, Communication Services, and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Industrials and utility sectors also detracted value.
At a stock level, the overweight positions in BHP, IGO, Santos, National Australia Bank, Computershare, Lynas Rare Earths, and Allkem contributed to relative performance. The nil positions in Wesfarmers, James Hardie, and Reece also added value. Conversely, the overweight positions in Aristocrat Leisure, CSL, OZ Minerals, Xero, Goodman Group, and Ramsay Health Care detracted from relative performance. The underweight positions in Westpac Bank, Woodside Petroleum, South32 and Fortescue Metals also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2203-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfFebruary, 2022
Fund performance for February 2022 was +3.79% (net of fees) versus the benchmark return of +2.09%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Energy, Materials and Financials sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Communication Services and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Staples and Utilities sectors also detracted value.
At a stock level, the overweight positions in Lynas Rare Earths, BlueScope Steel, OZ Minerals, Qantas, Computershare and National Australia Bank contributed to relative performance. The nil positions in Wesfarmers, Fortescue Metals, Mineral Resources and Domino’s Pizza also added value. Conversely, the overweight positions in IGO, Aristocrat Leisure, Seek and Xero detracted from relative performance. The nil holdings in Westpac Bank, Woodside Petroleum, South32, Newcrest Mining, Northern Star Resources and Cochlear also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2202-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfJanuary, 2022
Fund performance for January 2022 was -13.31% (net of fees) versus the benchmark return of -6.45%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Energy, Materials and Financials sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Discretionary, Consumer Staples, Communication Services and Real Estate sectors also contributed to performance. Conversely, the overweight positions in the Health Care and Information Technology sectors detracted from relative performance. The underweight position in the Utilities sector also detracted value.
At a stock level, the overweight positions in BHP, Santos, IGO, QBE Insurance, Suncorp and Qantas contributed to relative performance. The nil positions in Wesfarmers, James Hardie, WiseTech Global and Newcrest Mining also added value. Conversely, the overweight positions in OZ Minerals, Allkem, Block, Lynas Rare Earths, BlueScope Steel, NextDC, CSL and Macquarie Group detracted from relative performance. The nil holdings in Woodside Petroleum and Fortescue Metals also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2201-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfDecember, 2021
Fund performance for the quarter ending December 2021 was +5.51% (net of fees) versus the benchmark return of +2.21%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Materials and Health Care sectors contributed to relative performance. The underweight positions in the Consumer Discretionary and Consumer Staples sectors also contributed to performance. Conversely, the overweight positions in the Energy, Financials and Information Technology sectors detracted from relative performance. The underweight positions in the Industrials, Communication Services, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Lynas Rare Earths, IGO, OZ Minerals, Allkem, BHP, Macquarie Group, Charter Hall and 29Metals contributed to relative performance. The nil positions in Domino’s Pizza and Woodside Petroleum also added value. Conversely, the overweight positions in Santos, Qantas, Afterpay, Webjet, Aristocrat Leisure, QBE Insurance and Suncorp detracted from relative performance. The nil holdings in Fortescue Metals, Wesfarmers and Pilbara Minerals also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2112-Ausbil-CSGEF-Product-report_AAP0001AU.pdfNovember, 2021
Fund performance for November 2021 was -1.78% (net of fees) versus the benchmark return of -0.53%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Materials, Industrials and Health Care sectors contributed to relative performance. The underweight position in the Consumer Discretionary sector also contributed to performance. Conversely, the overweight positions in the Energy, Financials and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Staples, Communication Services, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Lynas Rare Earths, IGO, Orocobre, BHP, Charter Hall Group, OZ Minerals, Seek and Treasury Wine Estates contributed to relative performance. The underweight position in Commonwealth Bank and nil position in Woodside Petroleum also added value. Conversely, the overweight positions in Santos, Webjet, Aristocrat Leisure, Qantas, Afterpay and Downer EDI detracted from relative performance. The nil holdings in Fortescue Metals, Telstra, Wesfarmers and James Hardie also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2111-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfOctober, 2021
Fund performance for October 2021 was +1.74% (net of fees) versus the benchmark return of +0.10%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Health Care, Financials and Information Technology sectors contributed to relative performance. The underweight positions in the Consumer Staples, Communication Services and Utilities sectors also contributed to performance. Conversely, the overweight positions in the Energy, Materials and Industrials sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Real Estate sectors also detracted value.
At a stock level, the overweight positions in OZ Minerals, Lynas Rare Earths, IGO, Macquarie Group, IDP Education, 29Metals and National Australia Bank contributed to relative performance. The nil positions in Fortescue Metals, Domino’s Pizza and Telstra also added value. Conversely, the overweight positions in Qantas, Treasury Wine Estates, Santos, BHP and Suncorp detracted from relative performance. The nil holdings in Newcrest Mining, Wesfarmers, Northern Star Resources, Liontown Resources and Ampol also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2110-Ausbil-Australian-Geared-Equity-Fund-Product-Report_AAP0002AU.pdfSeptember, 2021
Fund performance for the quarter ending September 2021 was +8.72% (net of fees) versus the benchmark return of +1.79%, as measured by the S&P/ ASX 300 Accumulation Index. At a sector level, the overweight positions in the Energy, Industrials, Health Care and Financials sectors contributed to relative performance. The underweight exposure to the Information Technology sector also added value. Conversely, the overweight position in the Materials sector detracted from relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples, Communication Services, Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Galaxy Resources, Qantas, Lynas Rare Earths, IGO, Webjet, Sydney Airport, Aristocrat Leisure and QBE Insurance contributed to relative performance. The nil positions in Fortescue Metals and Wesfarmers also added value. Conversely, the overweight positions in BHP, Rio Tinto, BlueScope Steel and Orocobre detracted from relative performance. The underweight position in Xero and nil positions in WiseTech Global, South32, Domino’s Pizza, James Hardie and Telstra also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2109-Ausbil-Australian-Geared-Equity-Fund-Product-Report.pdfAugust, 2021
Fund performance for August 2021 was +6.76% (net of fees) versus the benchmark return of +2.61%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the overweight positions in the Health Care, Financials and Information Technology sectors contributed to relative performance. The underweight exposure to the Utilities sector also added value. Conversely, the overweight positions in the Energy, Materials and Industrials sectors detracted from relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples, Communication Services and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Afterpay, Galaxy Resources, Aristocrat Leisure, Qantas, Downer EDI, QBE Insurance and Webjet contributed to relative performance. The nil positions in Fortescue Metals, Wesfarmers and Woodside Petroleum also added value. Conversely, the overweight positions in BHP, Lynas, Rio Tinto and Santos detracted from relative performance. The nil holdings in James Hardie, WiseTech Global, Domino’s Pizza, ASX, Scentre Group and Amcor also detracted value
Australian companies have just finished the FY21 reporting season. Ausbil had projected FY21 to be one of the best earnings years on record following the rebound from COVID lows in 2020. FY21 reporting season delivered circa +27% in EPS growth (S&P/ASX 200), rebounding from a -17% EPS decline in the FY20 pandemic year. With stimulus in place, low interest rates, and inflation that is not threatening to monetary policy in the near term, we see stronger company balance sheets ready to deliver another strong year of earnings growth in FY22, with consensus EPS growth at +16.1% (S&P/ASX 300). While FY22 lacked guidance from companies, during reporting management teams have flagged significant investment plans for when economies normalise beyond lockdowns.
We see this as a lead indicator for earnings growth surprises in FY22, and moving into FY23. In our view, FY21 is the first of a trilogy of strong positive earnings years that we expect to see play out across FY22 and FY23, with a backdrop of Australia achieving vaccination targets in the near term, and releasing pent-up spending and demand.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2108-Ausbil-Australian-Geared-Equity-Fund-Product-Report.pdfJuly, 2021
Fund performance for July 2021 was +5.65% (net of fees) versus the benchmark return of +1.11%, as measured by the S&P/ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Materials, Industrials and Health Care sectors contributed to relative performance. The underweight exposures to the Consumer Discretionary, Communication Services and Real Estate sectors also added value. Conversely, the overweight positions in the Energy and Financials sectors detracted from relative performance. The underweight positions in the Consumer Staples, Information Technology and Utilities sectors also detracted value.
At a stock level, the overweight positions in Lynas Rare Earths, IGO, Galaxy Resources, BHP, Sydney Airport, BlueScope Steel, Rio Tinto, NextDC and OZ Minerals contributed to relative performance. The nil position in Crown Resorts also added value. Conversely, the overweight positions in Afterpay, Santos, Seek, Aristocrat Leisure, Qantas, National Australia Bank and Downer EDI detracted from relative performance. The nil holdings in Fortescue Metals, Wesfarmers and Mineral Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2107-Ausbil-Australian-Geared-Equity-Fund-Product-Report.pdfJune, 2021
Fund performance for the quarter ending June 2021 was +16.42% (net of fees), versus the benchmark return of +8.48%, as measured by the S&P/ ASX 300 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Materials and Financials sectors contributed to relative performance. The underweight positions in the Consumer Staples, Information Technology and Utilities sectors also added value. Conversely, the overweight positions in the Energy, Industrials and Health Care sectors detracted from relative performance. The underweight positions in the Consumer Discretionary, Communication Services and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Boral, Aristocrat Leisure, Galaxy Resources, IGO, Afterpay, Charter Hall Group and Seek all contributed to relative performance. The nil positions in Woodside Petroleum, APA Group and The a2 Milk Company also added value over the quarter. Conversely, the overweight positions in Qantas, Lynas, Santos, Webjet, OZ Minerals, Ramsay Health Care, NAB and Sydney Airport detracted from relative performance. The nil position in Fortescue Metals also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2106-Ausbil-Australian-Geared-Equity-Fund-Product-Report-1.pdfMarch, 2021
Fund performance for the quarter ending March 2021 was +12.97% (net of fees) versus the benchmark return of +4.15%, as measured by the S&P/ ASX 300 Accumulation Index.
At a sector level, the overweight positions in the Materials and Financials sectors contributed to relative performance. The underweight exposures to the Consumer Staples, Utilities and Real Estate sectors also added value. Conversely, the overweight positions in the Energy, Industrials, Health Care and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Communication Services sectors also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2103-Ausbil-Australian-Geared-Equity-Fund-Product-Report-1.pdfSeptember, 2020
Fund performance for the quarter ending September 2020 was +3.49% (net of fees) versus the benchmark return of -0.06%, as measured by the S&P/ASX 300 Accumulation Index. At a sector level, the Fund’s overweight positions in the Materials, Health Care and Information Technology sectors contributed to relative performance. The underweight exposures to the Energy, Industrials, Consumer Staples, Communication Services, Utilities and Real Estate sectors also added value.
Conversely, the overweight position in the Financials sector detracted from relative performance. The underweight positions in Consumer Discretionary also detracted value. At a stock level, the overweight positions in Afterpay, OZ Minerals, Aristocrat Leisure, Goodman Group, NextDC, Super Retail Group and Qantas contributed to relative performance. The nil positions in Woodside Petroleum, The a2 Milk Company and Insurance Australia Group also added value in September. Conversely, the overweight positions in AMP, Lendlease, Santos, IGO, National Australia Bank and Saracen Mineral Holdings detracted from relative performance. The nil holdings in Fortescue Metals, James Hardie, Xero and ALS also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/ausbil-australian-geared-equity-fund-september-2020.pdfticker: AAP0002AU
release_schedule: Monthly
commentary_block: Array
factsheet_url:
https://www.ausbil.com.au/products/australian-equities/ausbil-australian-geared-equity-fund
Bottom left -> Report -> Quarterly Report
asset_class: Domestic Equity
asset_category: Australia Large Geared
peer_benchmark: Domestic Equity - Large Geared Index
broad_market_index: ASX Index 200 Index
structure: Managed Fund
manager_contact_details: Array
fund_features:
Ausbil Australian Geared Equity aims to achieve returns (before fees and taxes) in excess of the benchmark over the medium to long term. The Fund predominantly invests in a portfolio of listed large cap Australian equities which are primarily chosen from the S&P/ASX 300 Index, and are partially funded by secured borrowings. The Fund is designed for investors who wish to benefit from the long-term capital gains available from share investments and who are comfortable with fluctuations in capital value in the short to medium term.