September, 2023
Fund performance for the quarter ending September 2023 was -0.38% (net of fees), versus the benchmark return of -0.77%, as measured by the S&P/ASX 200 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Energy and Financials sectors contributed to relative performance. The underweight positions in the Industrials, Health Care, Information Technology and Communication Services sectors also added value. Conversely, the overweight positions in the Materials, Consumer Discretionary and Consumer Staples sectors detracted value. The underweight positions in the Utilities and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Ampol, Wesfarmers, Treasury Wine Estates, Evolution Mining and Worley contributed to relative performance. The underweight positions in Transurban Group, ResMed and South32, and the nil positions in WiseTech Global and Allkem also added value. Conversely, the overweight positions in Telstra, Rio Tinto, IGO, Coles Group, Pilbara Minerals, QBE Insurance and 29Metals detracted from relative performance. The underweight position in Computershare, and the nil positions in Cochlear and Carsales.com also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2309-Ausbil-Active-Dividend-Income-Fund-Product-Report_AAP3656AU-1.pdfJune, 2023
Fund performance for the quarter ending June 2023 was +0.52% (net of fees), versus the benchmark return of +1.01%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Energy, Financials and Utilities sectors contributed to relative performance. The underweight positions in the Consumer Discretionary and Health Care sectors also added value. Conversely, the overweight positions in the Material, Consumer Staples and Communication Services sectors detracted value. The underweight exposures to the Industrials, Information Technology and Real Estate sectors also detracted value.
At a stock level, the overweight positions in James Hardie, Pinnacle Investment Management, ANZ Bank, IGO, Pilbara Minerals, Goodman Group, Aristocrat Leisure and AUB Group contributed to relative performance. The underweight position in Northern Star Resources and the nil position in Ramsay Health Care also added value. Conversely, the overweight positions in Rio Tinto, Treasury Wine Estates, 29Metals, Incitec Pivot, Sandfire Resources and Newcrest Mining detracted from relative performance. The nil positions in Xero, Allkem, WiseTech Global and Insurance Australia Group also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2306-Ausbil-Active-Dividend-Income-Fund-Product-Report_AAP3656AU-1.pdfMarch, 2023
Fund performance for the quarter ending March 2023 was +2.61% (net of fees) versus the benchmark return of +3.46%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Energy and Communication Services sectors contributed to relative performance. The underweight positions in the Utilities and Real Estate sectors also contributed to performance.
Conversely, the overweight positions in the Materials, Consumer Discretionary and Financials sectors detracted from relative performance. The underweight positions in the Industrials, Consumer Staples, Health Care and Information Technology sectors also detracted from relative performance.
At a stock level, the overweight positions in Aristocrat Leisure, Charter Hall Group, Northern Star Resources, Ampol, Woolworths, Telstra, AUB Group and South32 contributed to relative performance. The underweight position in Westpac Bank and the nil position in Whitehaven Coal also contributed value. Conversely, the overweight positions in Computershare, 29Metals, Commonwealth Bank, Evolution Mining and National Australia Bank detracted from relative performance. The underweight position in Fortescue Metals and the nil positions in Xero, Liontown Resources, WiseTech Global and James Hardie also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2303-Ausbil-Active-Dividend-Income-Fund-Product-Report_AAP3656AU-1.pdfJanuary, 2023
Fund performance for January 2023 was +5.89% (net of fees) versus the benchmark return of +6.23%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Energy and Materials sectors contributed to relative performance. The underweight positions in the Industrials, Health Care, Information Technology and Utilities sectors also contributed to relative performance. Conversely, the overweight positions in the Consumer Discretionary, Financials and Communication Services sectors detracted from relative performance. The underweight positions in the Consumer Staples and Real Estate sectors also detracted from relative performance.
At a stock level, the overweight positions in Goodman Group, South32, Macquarie Group, Charter Hall Group, Pinnacle Investment Management Group and Northern Star Resources contributed to relative performance.
The underweight positions in Westpac Bank and Woodside Energy and the nil positions in Whitehaven Coal and Origin Energy also contributed value. Conversely, the overweight positions in Computershare, Santos, OZ Minerals, Telstra, Arena REIT and Incitec Pivot detracted from relative performance. The underweight position in Fortescue Metals and the nil positions in Pilbara Minerals, James Hardie and Mineral Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2301-Ausbil-Active-Dividend-Income-Fund-Product-Report.pdfDecember, 2022
Fund performance for the quarter ending December 2022 was +8.37% (net of fees) versus the benchmark return of +9.40%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight position in the Materials sector contributed to relative performance. The underweight positions in the Energy, Industrials, Consumer Discretionary, Consumer Staples and Information Technology sectors also contributed to relative performance. Conversely, the overweight positions in the Financials and Communication Services sectors detracted from relative performance. The underweight positions in the Health Care, Utilities and Real Estate sectors also detracted from relative performance.
At a stock level, the overweight positions in Evolution Mining, Northern Star Resources and BHP contributed to relative performance. The underweight positions in Whitehaven Coal and Woodside Energy, and the nil positions in Pilbara Minerals, ResMed, Medibank, Allkem and ASX also contributed value.
Conversely, the overweight positions in 29Metals, Aristocrat Leisure, CSL, Santos and New Hope detracted from relative performance. The underweight positions in Westpac Bank, Fortescue Metals, Commonwealth Bank and Rio Tinto, and the nil position in Origin Energy also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2212-Ausbil-Active-Dividend-Income-Fund-Product-Report_AAP3656AU-1.pdfSeptember, 2022
Fund performance for the quarter ending September 2022 was -0.12% (net of fees) versus the benchmark return of +0.39%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Energy and Financials sectors contributed to relative performance. The underweight positions in the Industrials, Consumer Staples, Utilities and Real Estate sectors also contributed to relative performance. Conversely, the overweight positions in the Materials, Health Care and Communication Services sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Information Technology sectors also detracted from relative performance.
At a stock level, the overweight positions in IGO, OZ Minerals, 29Metals, Commonwealth Bank and Northern Star Resources contributed to relative performance. The nil positions in Transurban Group, Newcrest Mining, APA Group, ASX and Coles Group also contributed value. Conversely, the overweight positions in Ramsay Health Care, Arena REIT, Goodman Group, Atlas Arteria, Suncorp and Ampol detracted from relative performance. The underweight position in Rio Tinto and the nil positions in Pilbara Minerals, Westpac Bank and Mineral Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2209-Ausbil-Active-Dividend-Income-Fund-Product-Report.pdfJune, 2022
Fund performance for the quarter ending June 2022 was -11.43% (net of fees), versus the benchmark return of -11.90%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Energy, Health Care and Communication Services sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Information Technology and Real Estate sectors also added value. Conversely, the overweight positions in the Material and Financials sectors detracted value. The underweight exposures to the Industrials, Consumer Staples and Utilities sectors also detracted value.
At a stock level, the overweight positions in QBE Insurance, Ampol, Santos, CSL, Atlas Arteria, Computershare, Suncorp and Telstra contributed to relative performance. The nil positions in Block and Westpac Bank also added value. Conversely, the overweight positions in Northern Star Resources, Sims Metal Management, OZ Minerals, Nine Entertainment, 29Metals, IGO and Macquarie Group detracted from relative performance. The nil positions in Transurban Group, Amcor and Brambles also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2206-Ausbil-Active-Dividend-Income-Fund-Product-Report_AAP3656AU-2.pdfMarch, 2022
Fund performance for the quarter ending March 2022 was +3.74% (net of fees) versus the benchmark return of +2.24%, as measured by the S&P/ ASX 200 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, Information Technology and Real Estate sectors also contributed to relative value. Conversely, the overweight position in the Communication Services sector detracted from relative performance. The underweight positions in the Consumer Staples, Health Care and Utilities sectors also detracted value.
At a stock level, the overweight positions in BHP, Santos, Computershare, Sims Metal Management, South32 and IGO contributed to relative performance. The underweight positions in Westpac Bank and Wesfarmers, and nil positions in Xero and Block also contributed value. Conversely, the overweight positions in Aristocrat Leisure, Pinnacle Investment Management Group, Goodman Group, CSL, James Hardie, Fletcher Building and 29Metals detracted from relative performance. The underweight position in Rio Tinto and nil positions in Woodside Petroleum and Fortescue Metals also detracted value. Market Review
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2203-Ausbil-Active-Dividend-Income-Fund-Product-Report_AAP3656AU-1.pdfJune, 2021
Fund performance for the quarter ending June 2021 was +6.77% (net of fees), versus the benchmark return of +8.29%, as measured by the S&P/ ASX 200 Accumulation Index. At a sector level, the overweight positions in the Materials, Health Care and Real Estate sectors contributed to relative performance. Conversely, the overweight positions in the Energy, Financials, Communication Services and Utilities sectors detracted value. The underweight exposures to the Industrials, Consumer Discretionary, Consumer Staples and Information Technology sectors also detracted value.
At a stock level, the overweight positions in Aristocrat Leisure, Rio Tinto, Charter Hall Group and IGO contributed to relative performance. The nil positions in Woodside Petroleum, Sydney Airport, The a2 Milk Company, Lendlease, Scentre Group and Incitec Pivot also added value. Conversely, the overweight positions in Perenti Global, NRW Holdings, Santos, APA Group, NAB, Elders and ANZ Bank detracted from relative performance. The underweight exposures to Commonwealth Bank and Woolworths, and the nil position in Mineral Resources also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2106-Ausbil-Active-Dividend-Income-Fund-Product-Report.pdfDecember, 2020
Portfolio performance for the quarter ending December 2020 was +13.66% (net of fees) versus the benchmark return of +13.70%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight positions in the Energy and Real Estate sectors added to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples, Health Care and Utilities sectors also added to relative performance. Conversely, the overweight positions in the Materials and Financials sectors detracted from relative performance.
The underweight positions in the Industrials, Information Technology and Communication Services sectors also detracted value. At a stock level, the overweight positions in National Australia Bank, IGO, ANZ Bank, Santos, OZ Minerals and Seven Group contributed to relative performance. The underweight position in Northern Star Resources and nil positions in ASX, The a2 Milk Company and Evolution Mining also contributed value.
Conversely, the overweight positions in Ramelius Resources, Saracen Mineral Holdings, Elders, Service Stream, QBE Insurance and Charter Hall Long Wale REIT detracted from relative performance. The underweight position in Commonwealth Bank, and nil positions in Afterpay, Xero and Woodside Petroleum also detracted value over the period.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/2012-Ausbil-Active-Dividend-Income-Fund-Product-Report.pdfticker: AAP3656AU
release_schedule: Quarterly
commentary_block: Array
factsheet_url:
https://www.ausbil.com.au/products/australian-equities/ausbil-active-dividend-income-fund
Reports -> Monthly performance reports
asset_class: Domestic Equity
asset_category: Australia Large Value
peer_benchmark: Domestic Equity - Large Value Index
broad_market_index: ASX Index 200 Index
structure: Managed Fund
manager_contact_details: Array
fund_features:
Ausbil Active Dividend Income provides exposure to an actively managed portfolio, predominantly made up of listed Australian equities with growing, tax effective income. The Fund is benchmarked to the S&P/ASX 200 Accumulation Index and provides exposure to companies with growing dividend streams. Investors will have access to a portfolio of companies which are expected to have growing dividend streams supported by revenues, earnings and free cash flow.
- Provide investors with regular distributions, generally paid on a monthly basis, subject to the Fund having sufficient income.
- Designed for investors with at least a five year investment time horizon, who wish to benefit from a consistent income stream with franking credits, that grows with inflation over time, which is available from share investments and who are comfortable with fluctuations in capital value in the short to medium term.
- Aims to achieve a higher level of tax effective income compared to the benchmark and the potential for capital growth over the longer term.