September, 2023
Fund performance for the quarter ending September 2023 was -1.04% (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-Active-Equity-Fund-Product-Report_AAP0103AU-1.pdfJune, 2023
Fund performance for the quarter ending June 2023 was +1.90% (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-Active-Equity-Fund-Product-Report_AAP0103AU-1.pdfMarch, 2023
Fund performance for the quarter ending March 2023 was +2.97% (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-Active-Equity-Fund-Product-Report_AAP0103AU-1.pdfJanuary, 2023
Fund performance for January 2023 was +7.01% (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-Active-Equity-Fund-Product-Report_AAP0103AU.pdfDecember, 2022
Fund performance for the quarter ending December 2022 was +7.15% (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-Active-Equity-Fund-Product-Report_AAP0103AU-1.pdfSeptember, 2022
Fund performance for the quarter ending September 2022 was +2.38% (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-Active-Equity-Fund-Product-Report_AAP0103AU.pdfJune, 2022
Fund performance for the quarter ending June 2022 was -12.02% (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-Active-Equity-Fund-Product-Report_AAP0103AU-1.pdfMarch, 2022
Fund performance for the quarter ending March 2022 was +3.02% (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 Utilities 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-Active-Equity-Fund-Product-Report_AAP0103AU-1.pdfSeptember, 2021
Fund performance for the quarter ending September 2021 was +4.49% (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-Active-Equity-Fund-Product-Report.pdfJune, 2021
Fund performance for the quarter ending June 2021 was +7.90% (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-Active-Equity-Fund-Product-Report-1-1.pdfMarch, 2021
Fund performance for the quarter ending March 2021 was +6.52% (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-Active-Equity-Fund-Product-Report-1.pdfDecember, 2020
Fund performance for quarter ending December 2020 was +17.26% (net of fees) versus the benchmark return of +13.79%, as measured by the S&P/ ASX 300 Accumulation Index. At a sector level, the Fund’s overweight positions in the Materials, Financials and Information Technology sectors contributed to relative performance. The underweight exposures to the Consumer Discretionary, Consumer Staples and Utilities sectors also added value.
Conversely, the overweight positions in the Industrials and Health Care sectors detracted from relative performance. The underweight positions in the Energy, Communication Services and Real Estate sectors also detracted value. At a stock level, the overweight positions in Afterpay, Lynas, IGO, Santos, Galaxy Resources, OZ Minerals, National Australia Bank and BlueScope Steel contributed to relative performance.
The nil positions in Newcrest Mining and ASX also added value. Conversely, the overweight positions in QBE Insurance, Ramsay Health Care, CSL, Aristocrat Leisure, Sonic Healthcare, Northern Star Resources, Saracen Mineral Holdings and NextDC detracted from relative performance. The nil holdings in Fortescue Metals and Xero also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2012-Ausbil-Australian-Active-Equity-Fund-Product-Report.pdfticker: AAP0103AU
release_schedule: Quarterly
commentary_block: Array
factsheet_url:
https://www.ausbil.com.au/products/australian-active-equity-fund
REPORTS -> Quarterly Report
asset_class: Domestic Equity
asset_category: Australia Large Growth
peer_benchmark: Domestic Equity - Large Growth Index
broad_market_index: ASX Index 200 Index
structure: Managed Fund
manager_contact_details: Array
fund_features:
Ausbil Australian Active Equity aims to achieve returns (before fees and taxes) in excess of the S&P/ASX 300 Accumulation Index over the medium to long term with moderate tax effective income. The Fund predominantly invests in a portfolio of listed large cap Australian equities which are primarily chosen from the S&P/ASX 300 Index. The Fund is designed for investors with at least a five year investment time horizon, 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.