September, 2023
Fund performance for the quarter ending September 2023 was +1.31% (net of fees) versus the benchmark return of -1.75%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ ASX Small Ordinaries Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Energy, Financials, Information Technology and Utilities sectors contributed to relative performance. The underweight positions in the Health Care and Real Estate sectors also added value. Conversely, the overweight position in the Materials sector detracted from relative performance. The underweight positions in the Industrials, Consumer Discretionary, Consumer Staples and Communication Services sectors also detracted value.
At a stock level, the overweight positions in Boss Energy, Paladin Energy, AMP, Beach Energy, Life360, Worley, Incitec Pivot and Karoon Energy contributed to relative performance. The nil positions in Iluka Resources and Alumina also contributed to value. Conversely, the overweight positions in Block, Allkem, Aurizon Holdings, IGO, NIB Holdings, Fletcher Building and WiseTech Global detracted from relative performance. The nil positions in Carsales.com, Seven Group and Altium also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2309-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfAugust, 2023
Fund performance for August 2023 was +0.04% (net of fees) versus the benchmark return of -1.30%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the overweight position in the Energy sector added to relative performance. The underweight positions in the Consumer Staples, Health Care and Real Estate sectors also added value. Conversely, the overweight positions in the Materials, Financials, Information Technology and Utilities sectors detracted from performance. The underweight positions in the Industrials, Consumer Discretionary and Communication Services sectors also detracted value.
At a stock level, the overweight positions in AMP, Life360, Boss Energy, NextDC, Lynas Rare Earths, Paladin Energy and AUB Group contributed to relative performance. The nil positions in Alumina, Iluka Resources and Lendlease also added value. Conversely, the overweight positions in Webjet, Block, AGL Energy, WiseTech Global, Fletcher Building and Cleanaway Waste Management detracted from relative performance. The nil positions in Carsales.com, Altium, Domino’s Pizza and Seven Group also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2308-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfJuly, 2023
Fund performance for July 2023 was +3.92% (net of fees) versus the benchmark return of +4.16%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the overweight positions in the Energy, Financials, Information Technology and Utilities sectors added to relative performance. The underweight position in the Health Care sector also added value. Conversely, the overweight position in the Materials sector detracted from performance. The underweight positions in the Industrials, Consumer Discretionary, Consumer Staples, Communication Services and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Beach Energy, AGL Energy, Webjet, Evolution Mining, Worley and Sandfire Resources contributed to relative performance. The nil positions in Iluka Resources, Ansell, Steadfast Group and Core Lithium also added value. Conversely, the overweight positions in IGO, Aurizon Holdings, Boss Energy, AMP, Lynas Rare Earths, Allkem, AUB Group and NIB Holdings detracted from relative performance. The nil positions in Virgin Money UK and Lendlease also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2307-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfJune, 2023
Fund performance for the quarter ending June 2023 was +5.75% (net of fees) versus the benchmark return of +3.03%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Information Technology and Utilities sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples, Health Care and Real Estate sectors also added value. Conversely, the overweight positions in the Energy, Materials, Industrials and Financials sectors detracted from relative performance. The underweight exposure to the Communication Services sector also detracted value.
At a stock level, the overweight positions in AGL Energy, Allkem, NextDC, Boss Energy, Aurizon Holdings, WiseTech Global, AUB Group, IGO and Worley contributed to relative performance. Conversely, the overweight positions in IDP Education, Johns Lyng Group, ALS, Incitec Pivot, Whitehaven Coal, Imdex, Block and Beach Energy detracted from relative performance. The nil position in Telix Pharmaceutical also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2306-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfMay, 2023
Fund performance for May 2023 was +0.93% (net of fees) versus the benchmark return of -0.99%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the overweight positions in the Information Technology and Utilities sectors added to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples, Health Care, Communication Services and Real Estate sectors also added value. Conversely, the overweight positions in the Energy, Materials, Industrials and Financials sectors detracted from performance.
At a stock level, the overweight positions in Life360, NextDC, Lynas Rare Earths, Allkem, AGL Energy, Charter Hall Group, Worley, WiseTech Global and NIB Holdings contributed to relative performance. The nil position in Vicinity Centres also added value. Conversely, the overweight positions in IDP Education, Paladin Energy, ALS, Whitehaven Coal, Lifestyle Communities, AMP, AUB Group and Imdex detracted from relative performance. The nil positions in Washington H. Soul Pattinson and Technology One also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2305-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfApril, 2023
Fund performance for April 2023 was +3.07% (net of fees) versus the benchmark return of +3.28%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the overweight position in the Information Technology sector added to relative performance. The underweight positions in the Industrials, Consumer Staples and Health Care sectors also added value. Conversely, the overweight positions in the Energy, Materials, Financials and Utilities sectors detracted from performance. The underweight exposures to the Consumer Discretionary, Communication Services and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Evolution Mining, AMP, NextDC, Boss Energy, AUB Group, Webjet and Lifestyle Communities contributed to relative performance. The nil positions in Syrah Resources, Bendigo & Adelaide Bank and Champion Iron also added value. Conversely, the overweight positions in Block, Challenger, Ampol, Bank of Queensland and Imdex detracted from relative performance. The underweight position in Vicinity Centres and the nil positions in Telix Pharmaceutical, Carsales, Virgin Money UK and Reliance Worldwide also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2304-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfMarch, 2023
Fund performance for the quarter ending March 2023 was -4.49% (net of fees) versus the benchmark return of +0.58%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the overweight position in the Materials sector added to relative performance. The underweight positions in the Industrials, Consumer Staples, Information Technology and Real Estate sectors also added value. Conversely, the overweight positions in the Energy, Financials and Utilities sectors detracted from performance. The underweight exposures to the Consumer Discretionary, Health Care and Communication Services sectors also detracted value.
At a stock level, the overweight positions in Webjet, Ampol, AUB Group, NextDC, Evolution Mining and Boss Energy contributed to relative performance. The nil positions in Virgin Money UK, Aurizon, Bendigo and Adelaide Bank and Region Group also added value. Conversely, the overweight positions in AMP, Lynas Rare Earths, Challenger, Beach Energy, The a2 Milk Company, Lifestyle Communities and Nufarm detracted from relative performance. The underweight position in Charter Hall Group and the nil positions in REA Group and Liontown Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2303-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfFebruary, 2023
Fund performance for February 2023 was -4.24% (net of fees) versus the benchmark return of -3.35%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the overweight positions in the Energy and Financials sectors added to relative performance. The underweight positions in the Industrials, Consumer Discretionary, Health Care and Information Technology sectors also added value. Conversely, the overweight positions in the Materials and Utilities sectors detracted from performance. The underweight exposures to the Consumer Staples, Communication Services and Real Estate sectors also detracted value.
At a stock level, the overweight positions in AUB Group, Ampol, Challenger, Orica, Worley, Webjet and NextDC contributed to relative performance. The nil positions in Lendlease, Aurizon and JB Hi-Fi also added value. Conversely, the overweight positions in AMP, Lynas Rare Earths, Evolution Mining, Paladin Energy, Lifestyle Communities and IDP Education detracted from relative performance. The underweight positions in Charter Hall Group, Steadfast Group, Orora and Qube also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2302-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfJanuary, 2023
Fund performance for January 2023 was +3.90% (net of fees) versus the benchmark return of +6.16%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the Fund’s overweight position in the Materials sector added to relative performance. The underweight positions in the Industrials, Information Technology and Real Estate sectors also added value. Conversely, the overweight positions in the Energy, Consumer Staples, Financials and Utilities sectors detracted from performance. The underweight exposures to the Consumer Discretionary, Health Care and Communication Services sectors also detracted value.
At a stock level, the overweight positions in Lynas Rare Earths, Boss Energy, Paladin Energy, Webjet and Evolution Mining contributed to relative performance. The nil positions in Steadfast Group, Aurizon, Ansell and New Hope also added value. Conversely, the overweight positions in AGL Energy, Beach Energy, Challenger, Nufarm, AMP, The a2 Milk Company, Incitec Pivot and OZ Minerals detracted from relative performance. The underweight position in WiseTech Global also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2301-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report.pdfDecember, 2022
Fund performance for the quarter ending December 2022 was +8.39% (net of fees) versus the benchmark return of +7.32%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ ASX Small Ordinaries Accumulation Index.
At a sector level, the Fund’s overweight positions in the Energy, Financials and Utilities sectors added to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Communication Services sectors also added value. Conversely, the overweight positions in the Materials sector detracted from performance. The underweight exposures to the Industrials, Health Care, Information Technology and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Evolution Mining, AMP, The a2 Milk Company, Challenger, Webjet, Nufarm, Worley and AUB Group contributed to relative performance. The nil position in Star Entertainment also added value. Conversely, the overweight positions in Allkem, Boss Resources, Domain, Life360, Cleanaway Waste Management, Ampol Energy and Nine Entertainment detracted from relative performance. The nil positions in Virgin Money UK and Bendigo and Adelaide Bank also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2212-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfNovember, 2022
Fund performance for November 2022 was +5.81% (net of fees) versus the benchmark return of +4.97%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the Fund’s overweight positions in the Energy, Materials and Utilities sectors added to relative performance. The underweight positions in the Industrials, Consumer Discretionary and Real Estate sectors also added value. Conversely, the overweight positions in the Consumer Staples and Financials sectors detracted from performance. The underweight exposures to the Health Care, Information Technology and Communication Services sectors also detracted value.
At a stock level, the overweight positions in Evolution Mining, Webjet, NextDC, Beach Energy, OZ Minerals, AMP, AGL Energy, The a2 Milk Company and AUB Group contributed to relative performance. The underweight position in Pilbara Minerals also added value. Conversely, the overweight positions in Domain, Allkem, Boss Resources, Paladin Energy, Bank of Queensland, Life360 and Block detracted from relative performance. The nil positions in Virgin Money UK, Carsales.com and Iluka Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2211-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfOctober, 2022
Fund performance for October 2022 was +6.08% (net of fees) versus the benchmark return of +6.91%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the Fund’s overweight position in the Financials sector added to relative performance. The underweight position in the Consumer Staples sector also added value. Conversely, the overweight positions in the Energy, Materials, Information Technology and Utilities sectors detracted from performance. The underweight exposures to the Industrials, Consumer Discretionary, Health Care, Communication Services and Real Estate sectors also detracted value.
At a stock level, the overweight positions in AMP, Challenger, IGO, Worley, Lynas Rare Earths, Domino’s Pizza and Vicinity Centres contributed to relative performance. The underweight position in Iluka Resources and the nil positions in Reliance Worldwide and NIB Holdings also added value. Conversely, the overweight positions in OZ Minerals, Ampol, Cleanaway Waste Management, NextDC, Boss Resources, Evolution Mining and The a2 Milk Company detracted from relative performance. The nil positions in Pilbara Minerals, Bendigo & Adelaide Bank and Charter Hall Group also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2210-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfSeptember, 2022
Fund performance for the quarter ending September 2022 was +2.70% (net of fees) versus the benchmark return of +3.48%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ ASX Small Ordinaries Accumulation Index.
At a sector level, the Fund’s overweight positions in the Energy and Materials sectors added to relative performance. The underweight positions in the Industrials, Consumer Discretionary, Consumer Staples, Utilities and Real Estate sectors also added value. Conversely, the overweight position in the Financials sector detracted from performance. The underweight exposures to the Health Care, Information Technology and Communication Services sectors also detracted value.
At a stock level, the overweight positions in IGO, OZ Minerals, Allkem, Boss Resources, AMP and The a2 Milk Company contributed to relative performance. The underweight position in Atlas Arteria and the nil positions in AGL Energy, Bendigo and Adelaide Bank and Aurizon also added value. Conversely, the overweight positions in Orica, Lynas Rare Earths, Ampol, Challenger, Webjet, Beach Energy, Evolution Mining and Mineral Resources detracted from relative performance. The underweight positions in Whitehaven Coal and Pilbara Minerals also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2209-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfAugust, 2022
Fund performance for August 2022 was +4.52% (net of fees) versus the benchmark return of +3.08%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the Fund’s overweight positions in the Energy and Materials sectors added to relative performance. The underweight positions in the Industrials, Consumer Discretionary, Health Care, Utilities and Real Estate sectors also added value. Conversely, the overweight position in the Financials sector detracted from performance. The underweight exposures to the Consumer Staples, Information Technology and Communication Services sectors also detracted value.
At a stock level, the overweight positions in OZ Minerals, IGO, Allkem, Boss Resources, AUB Group, AMP and The a2 Milk Company contributed to relative performance. The nil positions in Bendigo & Adelaide Bank, AGL Energy and Aurizon also added value. Conversely, the overweight positions in Orica, Challenger, Evolution Mining, Block, Downer Group, Bank of Queensland and NextDC detracted from relative performance. The underweight position in Whitehaven Coal and the nil positions in Pilbara Minerals and Altium also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2208-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfJuly, 2022
Fund performance for July 2022 was +6.89% (net of fees) versus the benchmark return of +9.85%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the Fund’s overweight positions in the Financials and Information Technology sectors added to relative performance. The underweight positions in the Industrials, Consumer Staples and Utilities sectors also added value. Conversely, the overweight positions in the Energy and Materials sectors detracted from performance. The underweight exposures to the Consumer Discretionary, Health Care, Communication Services and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Domain and AMP contributed to relative performance. The nil positions in Atlas Arteria, AGL Energy, Qube, Tabcorp, Metcash, Orora and Aurizon also added value. Conversely, the overweight positions in Ampol, Lynas Rare Earths, Webjet, Mineral Resources, Challenger, Worley and Iluka Resources detracted from relative performance. The nil positions in Whitehaven Coal and Pilbara Minerals also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2207-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfJune, 2022
Fund performance for the quarter ending June 2022 was -17.65% (net of fees), versus the benchmark return of -16.44%. The benchmark is represented by a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index. At a sector level, the overweight position in the Energy sector contributed to relative performance. The underweight positions in the Consumer Discretionary and Real Estate sectors also added value. Conversely, the overweight positions in the Materials, Industrials and Financials sectors detracted from relative performance. The underweight exposures to the Consumer Staples, Health Care, Information Technology, Communication Services and Utilities sectors also detracted value. At a stock level, the overweight positions in Ampol, Worley, Orica, Beach Energy, Challenger, Steadfast Group, Webjet and Allkem contributed to relative performance. The nil positions in Charter Hall Group and Pilbara Minerals also added value. Conversely, the overweight positions in Evolution Mining, Nine Entertainment, Regis Resources, IGO and OZ Minerals detracted from relative performance. Nil positions in Atlas Arteria, Aurizon, AGL Energy and Vicinity Centres also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2206-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfMarch, 2022
The fund performance for the quarter ending March 2022 was -2.62% (net of fees) versus the benchmark return of -3.03%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ ASX Small Ordinaries Accumulation Index.
At a sector level, the Portfolio’s overweight positions in the Materials and Industrials sectors added to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples, Health Care and Real Estate sectors also added value. Conversely, the overweight positions in the Information Technology and Communication Services sectors detracted from performance. The underweight exposures to the Energy, Financials and Utilities sectors also detracted value.
File:January, 2022
Fund performance for January 2022 was -10.01% (net of fees) versus the benchmark return of -8.77%. The benchmark is a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the Portfolio’s overweight position in the Materials sector added to relative performance. The underweight positions in the Consumer Discretionary, Health Care, Financials and Real Estate sectors also added value. Conversely, the overweight positions in the Industrials, Information Technology and Communication Services sectors detracted from performance. The underweight exposures to the Energy, Consumer Staples and Utilities sectors also detracted value.
At a stock level, the overweight positions in IGO, Incitec Pivot, Beach Energy, Sandfire Resources, Mineral Resources, Alumina and Tabcorp contributed to relative performance. The nil positions in Reece, Reliance Worldwide and REA Group also added value. Conversely, the overweight positions in Domain, Evolution Mining, Zip Co, Charter Hall Group and WiseTech Global detracted from relative performance. The nil positions in AGL Energy, Pilbara Minerals, Virgin Money UK, Worley and Ampol also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2201-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report_AAP0104AU.pdfSeptember, 2021
Fund performance for the quarter ending September 2021 was +8.36% (net of fees) versus the benchmark return of +3.79%. The benchmark is represented by a composite benchmark, 70% by the S&P/ASX MidCap 50 Accumulation Index and 30% by the S&P/ASX Small Ordinaries Accumulation Index
This month the market gave back a little of the impressive returns earned this year, dropping 1.1% on a year’s return of +33% to end September 2021 (Blended Benchmark: 70% S&P/ASX MidCap 50 and 30% S&P/ASX Small Ordinaries Accumulation Index).
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2109-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report.pdfJune, 2021
Fund performance for the quarter ending June 2021 was +9.30% (net of fees), versus the benchmark return of +9.65%. The benchmark is represented by a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Materials and Communication Services sectors contributed to relative performance. The underweight positions in Energy and Utilities sectors also added value. Conversely, the underweight exposures to the Industrials, Consumer Discretionary, Consumer Staples, Health Care, Financials, Information Technology and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Galaxy Resources, Uniti Group, Chalice Mining, Boral, Domain, Mineral Resources and IGO contributed to relative performance. The nil positions in Beach Energy, AMP and Vicinity Centres also added value. Conversely, the overweight positions in Lynas, Zip Co, Webjet, Evolution Mining, Challenger and Incitec Pivot detracted from relative performance. Nil positions in Reece Australia, Domino’s Pizza and Altium also detracted value
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2106-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report-1.pdfApril, 2021
Fund performance for April 2021 was +6.97% (net of fees) versus the benchmark return of +5.20%. The benchmark is represented by a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the Portfolio’s overweight position in the Materials sector added to relative performance. The underweight positions in the Energy, Consumer Discretionary, Information Technology, Utilities and Real Estate sectors also added value. Conversely, the overweight positions in the Consumer Staples and Financials sectors detracted from performance. The underweight exposure to Industrials, Health Care and Communication Services also detracted value
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2104-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report.pdfMarch, 2021
Fund performance for the quarter ending March 2021 was +5.94% (net of fees) versus the benchmark return of +0.75%. The benchmark is represented by a composite benchmark, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index. At a sector level, the Portfolio’s underweight positions in the Industrials, Health Care, Financials and Real Estate sectors added value. Conversely, the overweight positions in Materials, Information Technology and Communication Services detracted from performance. The underweight exposures to Energy, Consumer Discretionary, Consumer Staples and Utilities also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2103-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report.pdfDecember, 2020
Fund performance for the quarter ending December 2020 was +16.85% (net of fees) versus the benchmark return of +15.99%. The benchmark is represented by a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index.
At a sector level, the Fund’s overweight position in the Materials sector added to relative performance. The underweight positions in the Consumer Staples, Health Care and Utilities sectors also added value. Conversely, the overweight positions in the Energy and Information Technology sectors detracted from performance. The underweight exposures to Communication Services, Industrials, Consumer Discretionary, Financials and Real Estate also detracted value.
At a stock level, the overweight positions in Lynas, Galaxy Resources, Nuix, Bank of Queensland, Afterpay and BlueScope Steel contributed to relative performance. The underweight position in Magellan Financial, and nil positions in Ansell, Carsales.com and Altium also added value. Conversely, the overweight positions in Megaport, Elders, NextDC, Corporate Travel Management, Super Retail Group and Zip Co detracted from relative performance. The underweight positions in Mesoblast and Challenger, and nil positions in Xero and Bendigo and Adelaide Bank also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2012-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report-2.pdfSeptember, 2020
Fund performance for the quarter ending September 2020 was +6.70% (net of fees), versus the benchmark return of +5.38%. The benchmark is represented by a composite, 70% of the S&P/ASX MidCap 50 Accumulation Index and 30% of the S&P/ASX Small Ordinaries Accumulation Index. At a sector level, the overweight position in the Information Technology sector added to relative performance. The underweight positions in Energy, Industrials, Health Care, Financials and Utilities sectors also added to relative performance. Conversely, the overweight positions in the Materials and Communication Services sectors detracted from relative performance. The underweight positions in the Consumer Staples, Consumer Discretionary and Real Estate sectors also detracted value. At a stock level, the overweight positions in Super Retail Group, Megaport, Lynas, NextDC, Charter Hall Group, Webjet and Boral contributed to relative performance. The nil positions in Qube and Bendigo and Adelaide Bank also added value. Conversely, the overweight positions in TPG Telecom, Bank of Queensland, Alumina, City Chic Collective, Appen, Incitec Pivot and Virgin Money detracted from relative performance. Not holding ALS, WiseTech Global and Xero also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2020/10/2009-Ausbil-Australian-Emerging-Leaders-Fund-Product-Report-1.pdfticker: AAP0104AU
commentary_block: Array
factsheet_url:
https://www.ausbil.com.au/products/ausbil-australian-emerging-leaders-fund
REPORTS ==> Monthly Performance Report
release_schedule: Monthly
fund_features:
Ausbil 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).
- Invest in 30-40 quality mid to small cap Australian companies
- Process favours companies with positive earnings and earnings revision profiles
- Aims to provide investors with long-term capital growth with income
- 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
manager_contact_details: Array
asset_class: Domestic Equity
asset_category: Australian Small Cap
peer_benchmark: Domestic Equity - Small Cap Index
broad_market_index: ASX Index Small Ordinaries Index
structure: Managed Fund