September, 2023
Fund performance for the quarter ending September 2023 was -2.62% (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 position in the Financials sector contributed to relative performance. The underweight positions in the Consumer Staples, Materials, Real Estate and Utilities sectors also added value. Conversely, the overweight positions in the Communication Services, Health Care, Industrials and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Discretionary and Energy sectors also detracted value.
At a stock level, the overweight positions in HUB24, Altium, Worley, REA Group, Goodman Group, Suncorp and Sandfire Resources added to relative performance. The nil positions in Coles Group, WiseTech Global and APA Group also added value. Conversely, the overweight positions in ResMed, Block, Allkem, Sonic Healthcare, Pilbara Minerals, Transurban Group and CSL detracted from relative performance. The nil positions in Woodside Energy Group, Wesfarmers and BHP also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2309-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU-1.pdfAugust, 2023
Fund performance for August 2023 was -0.94% (net of fees) versus the benchmark return -0.73%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight position in the Communication Services sector contributed to relative performance. The underweight positions in the Consumer Staples, Materials and Utilities sectors also added value. Conversely, the overweight positions in the Financials, Health Care, Industrials and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Discretionary, Energy and Real Estate sectors also detracted from relative performance.
At a stock level, the overweight positions in Altium, HUB24, Goodman Group, REA Group, James Hardie and NextDC added to relative performance. The nil positions in BHP, WiseTech Global, Coles Group and South32 also contributed value. Conversely, the overweight positions in ResMed, Block, Webjet, Transurban Group, Sonic Healthcare, Seek, Brambles and Cleanaway Waste Management detracted from relative performance. The nil positions in Wesfarmers and Cochlear also detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2308-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfJuly, 2023
Fund performance for July 2023 was +3.61%1 versus the benchmark return +2.88%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Financials and Information Technology sectors contributed to relative performance. The underweight positions in the Consumer Staples and Materials sectors also added value. Conversely, the overweight positions in the Communication Services, Health Care and Industrials sectors detracted from relative performance. The underweight positions in the Consumer Discretionary, Energy, Real Estate and Utilities sectors also detracted from relative performance.
At a stock level, the overweight positions in Webjet, Sandfire Resources, Seek, Block, IDP Education, Worley, Challenger, HUB24, REA Group and Evolution Mining added to relative performance. Conversely, the overweight positions in Pilbara Minerals, Allkem, CSL, IGO, Woolworths, Macquarie Group, Telstra and Sonic Healthcare detracted from relative performance. The nil positions in Woodside Energy Group and Westpac Bank detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2307-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfJune, 2023
Fund performance for the quarter ending June 2023 was +1.58% (net of fees), versus the benchmark return of +1.01%, as measured by the S&P/ASX 200 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Financials, Industrials and Information Technology sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Materials sectors also added value. Conversely, the overweight positions in the Communication Services and Health Care sectors detracted from relative performance. The underweight positions in the Energy, Real Estate and Utilities sectors also detracted value.
At a stock level, the overweight positions in Allkem, Xero, Worley, James Hardie, Suncorp, Cleanaway Waste Management and Goodman Group added to relative performance. The nil positions in BHP, South32 and Ramsay Health Care also added value. Conversely, the overweight positions in IDP Education, Rio Tinto, Seek, HUB24, Sandfire Resources and CSL detracted from relative performance. The nil positions in WiseTech Global, Pilbara Minerals, Insurance Australia Group and Santos also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2306-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfMay, 2023
Fund performance for May 2023 was -1.00% (net of fees) versus the benchmark return -2.53%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Communication Services, Health Care, Industrials and Information Technology sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Materials sectors also added value. Conversely, the overweight position in the Financials sector detracted from relative performance. The underweight exposures to the Energy, Real Estate and Utilities sectors also detracted from relative performance.
At a stock level, the overweight positions in Allkem, Worley, Cleanaway Waste Management, Xero, Suncorp, CSL and Lynas Rare Earths added to relative performance. The nil positions in BHP, Wesfarmers and Newcrest Mining also contributed to relative performance. Conversely, the overweight positions in IDP Education, Sandfire Resources, HUB24, Rio Tinto and National Australia Bank detracted from relative performance. The nil positions in Woodside Energy Group, WiseTech Global, Santos, Insurance Australia Group and AGL Energy detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2305-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfApril, 2023
Fund performance for April 2023 was +2.49% (net of fees) versus the benchmark return +1.85%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Communication Services, Financials, Health Care, Industrials and Information Technology sectors contributed to relative performance. The underweight positions in the Consumer Staples, Energy, Materials and Utilities sectors also added value. Conversely, the underweight exposures to the Consumer Discretionary and Real Estate sectors detracted from performance.
At a stock level, the overweight positions in Evolution Mining, Transurban Group, Webjet, CSL, Worley, ASX and Macquarie Group added to relative performance. The nil positions in BHP, Fortescue Metals and Mineral Resources also contributed to relative performance. Conversely, the overweight positions in Rio Tinto, Block and Challenger detracted from relative performance. The nil positions in Westpac Bank, Newcrest Mining, Mirvac, Northern Star Resources, Stockland, Wesfarmers and Brambles detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2304-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfMarch, 2023
Fund performance for the quarter ending March 2023 was +1.80% (net of fees) versus the benchmark return +3.46%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Communication Services, Industrials and Information Technology sectors contributed to relative performance. The underweight positions in the Energy, Real Estate and Utilities sectors also added value. Conversely, the overweight positions in the Financials and Health Care sectors detracted from performance. The underweight exposures to the Consumer Discretionary, Consumer Staples and Materials sectors also detracted value.
At a stock level, the overweight positions in Sonic Healthcare, Sandfire Resources, Seek, Webjet, Woolworths Group, Xero and Goodman Group added to relative performance. The nil positions in Westpac Bank, Whitehaven Coal and Woodside Energy Group also contributed to relative performance. Conversely, the overweight positions in Computershare, Cleanaway Waste Management, Charter Hall Group, Lynas Rare Earths and Challenger detracted from relative performance. The nil positions in BHP, Newcrest Mining, Wesfarmers, Aristocrat Leisure and Fortescue Metals detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2303-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfFebruary, 2023
Fund performance for February 2023 was -2.27% (net of fees) versus the benchmark return -2.45%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Communication Services, Health Care, Industrials and Information Technology sectors contributed to relative performance. The underweight position in the Materials sector also added value. Conversely, the overweight positions in the Financials and Real Estate sectors detracted from performance. The underweight exposures to the Consumer Discretionary, Consumer Staples, Energy and Utilities sectors also detracted value.
At a stock level, the overweight positions in HUB24, Suncorp, Macquarie Group, Transurban Group, Woolworths and Altium added to relative performance. The nil positions in BHP, Northern Star Resources, Westpac Bank and Domino’s Pizza also contributed to relative performance. Conversely, the overweight positions in Allkem, Rio Tinto, Evolution Mining, IDP Education, Lynas Rare Earths, Sandfire Resources and IGO detracted from relative performance. The nil positions in QBE Insurance, Aristocrat Leisure and Brambles detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2302-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfJanuary, 2023
Fund performance for January 2023 was +6.90% (net of fees) versus the benchmark return +6.23%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the underweight positions in the Consumer Staples, Energy and Utilities sectors added value. Conversely, the overweight positions in the Communication Services, Financials, Health Care, Industrials and Information Technology sectors detracted from performance. The underweight exposures to the Consumer Discretionary, Materials and Real Estate sectors also detracted value.
At a stock level, the overweight positions in IDP Education, Block, Goodman Group, Allkem, Charter Hall Group, Macquarie Group, Seek and Sandfire Resources added to relative performance. The nil positions in Westpac Bank and Woodside Energy also contributed to relative performance. Conversely, the overweight positions in Computershare, HUB24, OZ Minerals, CSL, Worley, ASX and Telstra detracted from relative performance. The nil positions in BHP, Pilbara Minerals and South32 detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2301-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfDecember, 2022
Fund performance for the quarter ending December 2022 was +4.60% (net of fees) versus the benchmark return +9.40%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the underweight positions in the Consumer Discretionary and Consumer Staples sectors added value. Conversely, the overweight positions in the Communication Services, Financials, Health Care, Industrials and Information Technology sectors detracted from performance. The underweight exposures to the Energy, Materials, Real Estate and Utilities sectors also detracted value.
At a stock level, the overweight positions in Webjet and Suncorp added to relative performance. The nil positions in Aristocrat Leisure, Pilbara Minerals, Medibank, Santos, Coles Group and Endeavour also contributed to relative performance. Conversely, the overweight positions in Allkem, ResMed, Cleanaway Waste Management, CSL, Sonic Healthcare and IDP Education detracted from relative performance. The nil positions in BHP, Fortescue Metals, Westpac Bank and Origin Energy detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2212-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfNovember, 2022
Fund performance for November 2022 was +3.37% (net of fees) versus the benchmark return +6.58%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the underweight positions in the Consumer Discretionary, Consumer Staples, Energy and Real Estate sectors added value. Conversely, the overweight positions in the Communication Services, Financials, Health Care, Industrials and Information Technology sectors detracted from performance. The underweight exposures to the Materials and Utilities sectors also detracted value. At a stock level, the overweight positions in Webjet, Goodman Group, OZ Minerals and Computershare added to relative performance. The nil positions in Westpac Bank, Aristocrat Leisure, Santos, Pilbara Minerals, Woodside Energy Group and Lendlease also contributed to relative performance. Conversely, the overweight positions in Allkem, Rio Tinto, Insurance Australia Group, Xero, Sonic Healthcare, National Australia Bank and ResMed detracted from relative performance. The nil positions in BHP, Fortescue Metals and Origin Energy detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2211-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfOctober, 2022
Fund performance for October 2022 was +6.12% (net of fees) versus the benchmark return +6.04%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Financials and Industrials sectors added to relative performance. The underweight positions in the Consumer Staples and Materials sectors also added value. Conversely, the overweight positions in the Communication Services, Health Care and Information Technology sectors detracted from performance. The underweight exposures to the Consumer Discretionary, Energy, Real Estate and Utilities sectors also detracted value.
At a stock level, the overweight positions in Suncorp, Commonwealth Bank, IDP Education, National Australia Bank, Qantas, Charter Hall Group and IGO added to relative performance. The nil positions in BHP, Rio Tinto and Medibank also contributed to relative performance. Conversely, the overweight positions in CSL, OZ Minerals, Cleanaway Waste Management, Woolworths, Computershare and ResMed detracted from relative performance. The nil positions in Westpac Bank, Woodside Energy Group, Fortescue Metals and Aristocrat Leisure detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2210-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfSeptember, 2022
Fund performance for the quarter ending September 2022 was +1.72% (net of fees) versus the benchmark return +0.39%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Communication Services, Financials, Health Care and Information Technology sectors added to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Utilities sectors also added value. Conversely, the overweight position in the Industrials sector detracted from performance. The underweight exposures to the Energy, Materials and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Allkem, IGO, OZ Minerals, Altium, IDP Education, CSL, Cleanaway Waste Management and ResMed added to relative performance. The nil positions in Newcrest Mining and AVZ Minerals also contributed to relative performance. Conversely, the overweight positions in Goodman Group, Ramsay Health Care, Transurban Group, Webjet, Lynas Rare Earths and Seek detracted from relative performance. The nil positions in Pilbara Minerals, Whitehaven Coal, Westpac Bank and Mineral Resources detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2209-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfAugust, 2022
Fund performance for August 2022 was +1.17% (net of fees) versus the benchmark return +1.18%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Industrials and Real Estate sectors added to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Utilities sectors also added value. Conversely, the overweight positions in the Communication Services, Financials, Health Care and Information Technology sectors detracted from performance. The underweight exposures to the Energy and Materials sectors also detracted value.
At a stock level, the overweight positions in Allkem, OZ Minerals, IGO, Altium, Qantas, Charter Hall Group, Insurance Australia Group and Webjet added to relative performance. The nil positions in Coles Group and Newcrest Mining also contributed to relative performance. Conversely, the overweight positions in Goodman Group, Seek, ResMed, Block, Johns Lyng Group and Xero detracted from relative performance. The nil positions in BHP, Woodside Energy Group, Pilbara Minerals and Santos detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2208-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfJuly, 2022
Fund performance for July 2022 was +7.72% (net of fees) versus the benchmark return +5.75%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight positions in the Financials, Health Care and Information Technology sectors added to relative performance. The underweight positions in the Consumer Staples, Energy, Materials and Utilities sectors also added value. Conversely, the overweight positions in the Communication Services and Industrials sectors detracted from performance. The underweight exposures to the Consumer Discretionary and Real Estate sectors also detracted value.
At a stock level, the overweight positions in IDP Education, Block, Goodman Group, Johns Lyng Group, Xero and Altium added to relative performance. The nil positions in BHP, Rio Tinto, Woodside Energy Group and Newcrest Mining also contributed to relative performance. Conversely, the overweight positions in Webjet, Computershare, Ramsay Health Care, Lynas Rare Earths, Insurance Australia Group, Suncorp and Transurban Group detracted from relative performance. The nil positions in Westpac Bank, Wesfarmers and WiseTech Global detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2207-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfJune, 2022
Fund performance for the quarter ending June 2022 was -14.71% (net of fees), versus the benchmark return of -11.90%, as measured by the S&P/ASX 200 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Health Care and Industrials sectors contributed to relative performance. The underweight positions in the Consumer Discretionary, Materials and Real Estate sectors also added value. Conversely, the overweight positions in the Communication Services, Financials and Information Technology sectors detracted from relative performance. The underweight positions in the Consumer Staples, Energy and Utilities sectors also detracted value.
At a stock level, the overweight positions in Computershare, CSL, Suncorp, Webjet, Insurance Australia Group and Woolworths added to relative performance. The nil positions in Westpac Bank, Northern Star Resources, Wesfarmers and Evolution Mining also added value. Conversely, the overweight positions in Block, IGO, IDP Education, Seek, OZ Minerals, Johns Lyng Group, Goodman Group, Virgin Money UK and Xero detracted from relative performance. The nil position in Woodside Energy also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2206-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfMay, 2022
Fund performance for May 2022 was -5.03% (net of fees) versus the benchmark return -2.60%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight positions in the Financials, Health Care and Industrials sectors added to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Real Estate sectors also added value. Conversely, the overweight positions in the Communication Services and Information Technology sectors detracted from performance. The underweight exposures to Energy, Materials and Utilities sectors also detracted value.
At a stock level, the overweight positions in Allkem, Lynas Rare Earths, Downer EDI, CSL, Commonwealth Bank, Suncorp and Sonic Healthcare added to relative performance. Not holding Wesfarmers, Newcrest Mining and Charter Hall Group contributed to relative performance. Conversely, the overweight positions in Johns Lyng Group, Goodman Group, Seek, Computershare, IDP Education, Virgin Money UK, Woolworths, and Macquarie Group detracted from relative performance. Not holding BHP and Westpac Bank detracted from relative performance
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2205-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfApril, 2022
Fund performance for April 2022 was -0.81% (net of fees) versus the benchmark return -0.85%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight positions in the Communication Services, Financials, Health Care and Industrials sectors added to relative performance. The underweight positions in the Consumer Discretionary and Materials sectors also added value. Conversely, the overweight position in the Information Technology sector detracted from performance. The underweight exposures to Consumer Staples, Energy, Real Estate and Utilities also detracted value.
At a stock level, the overweight positions in Allkem, Webjet, Goodman Group, Qantas, Computershare, Fortescue Metals and Suncorp added to relative performance. Not holding BHP, Rio Tinto and Aristocrat Leisure contributed to relative performance. Conversely, the overweight positions in Block, IDP Education, Lynas Rare Earths, Ramsay Health Care, IGO, ResMed, OZ Minerals and Seek detracted from relative performance. Not holding Transurban Group and Domain detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2204-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfMarch, 2022
The fund performance for the quarter ending March 2022 was -1.86% (net of fees) versus the benchmark return +2.24%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight position in the Financials sector added to relative performance. The underweight positions in the Consumer Discretionary and Real Estate sectors also added value. Conversely, the overweight positions in the Communication Services, Health Care, Industrials, and Information Technology sectors detracted from performance. The underweight exposures to Consumer Staples, Energy, Materials and Utilities also detracted value.
At a stock level, the overweight positions in Computershare, Block, IGO, Allen, National Australia Bank, and Webjet added to relative performance. Not holding Wesfarmers, Aristocrat Leisure, Reece and ASX contributed to relative performance. Conversely, the overweight positions in Domain, Sonic Healthcare, James Hardie, Goodman Group, and Altium detracted from relative performance. Not holding BHP, Woodside Petroleum, Rio Tinto, Westpac Bank, and Mineral Resources detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2203-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfFebruary, 2022
Fund performance for February 2022 was -0.36% (net of fees) versus the benchmark return +2.14%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight position in the Financials sector added to relative performance. The underweight positions in the Consumer Discretionary and Real Estate sectors also added value. Conversely, the overweight positions in the Communication Services, Health Care, Industrials and Information Technology sectors detracted from performance. The underweight exposures to Consumer Staples, Energy, Materials and Utilities also detracted value.
At a stock level, the overweight positions in Computershare, Block, Insurance Australia Group, Lynas Rare Earths, Webjet and ResMed added to relative performance. The nil positions in Wesfarmers, Aristocrat Leisure, Domino’s Pizza and Pilbara Minerals also added to relative performance. Conversely, the overweight positions in IDP Education, Domain, IGO, Virgin Money UK and Seek detracted from relative performance. Not holding Mineral Resources, Westpac Bank, BHP, Woodside Petroleum and South32 detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2202-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfJanuary, 2022
Fund performance for January 2022 was -8.73% (net of fees) versus the benchmark return -6.35%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight position in the Industrials sector added to relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Real Estate sectors also added value. Conversely, the overweight positions in the Communication Services, Financials, Health Care and Information Technology sectors detracted from performance. The underweight exposures to Energy, Materials and Utilities also detracted value.
At a stock level, the overweight positions in Virgin Money UK, IGO, Fortescue Metals, Computershare, Suncorp and Insurance Australia Group added to relative performance. The nil positions in Wesfarmers, WiseTech Global, Transurban Group and Newcrest Mining also added to relative performance. Conversely, the overweight positions in IDP Education, Allkem, Sonic Healthcare, Domain, Altium and OZ Minerals detracted from relative performance. Not holding BHP, Rio Tinto, Woodside Petroleum and Santos detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2201-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU-1.pdfDecember, 2021
Fund performance for the quarter ending December 2021 was +2.69% (net of fees) versus the benchmark return +2.09%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight position in the Health Care sector added to relative performance. The underweight positions in the Communication Services, Consumer Discretionary and Energy sectors also added value. Conversely, the overweight positions in the Consumer Staples, Financials, Industrials and Information Technology sectors detracted from performance. The underweight exposures to Materials, Real Estate and Utilities also detracted value.
At a stock level, the overweight positions in Lynas Rare Earths, IGO, Allkem, OZ Minerals, Mineral Resources, Altium, Macquarie Group, Goodman Group, Charter Hall Group and Computershare added to relative performance. Conversely, the overweight positions in Webjet, Virgin Money UK, Afterpay, IAG, Qantas, Suncorp Group, The a2 Milk Company and Downer Group detracted from relative performance. Not holding BHP and Wesfarmers detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2112-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfNovember, 2021
Fund performance for November 2021 was -0.94% (net of fees) versus the benchmark return -0.54%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight positions in the Health Care and Industrials sectors added to relative performance. The underweight positions in the Communication Services, Consumer Discretionary and Energy sectors also added value. Conversely, the overweight positions in the Information Technology and Materials sectors detracted from performance. The underweight exposures to Consumer Staples, Financials, Real Estate and Utilities also detracted value.
At a stock level, the overweight positions in Orocobre, Lynas Rare Earths, IGO, Mineral Resources, Altium, Charter Hall Group, Goodman Group, James Hardie, Telstra and Cleanaway Waste Management added to relative performance. Conversely, the overweight positions in Webjet, Virgin Money UK, Downer EDI, IDP Education, Insurance Australia Group, Afterpay, Domain Holdings and Suncorp detracted from relative performance. Not holding BHP and ALS detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2111-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU.pdfOctober, 2021
Fund performance for October 2021 was +0.87% (net of fees) versus the benchmark return -0.10%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Financials, Health Care and Information Technology sectors added to relative performance. The underweight positions in the Energy and Utilities sectors also added value. Conversely, the overweight positions in the Communication Services and Industrials sectors detracted from performance. The underweight exposures to Consumer Discretionary, Consumer Staples, Materials and Real Estate also detracted value.
At a stock level, the overweight positions in IDP Education, IGO, OZ Minerals, Macquarie Group, Lynas Rare Earths and CSR added to relative performance. Not holding Rio Tinto, BHP, Fortescue Metals and Domino’s Pizza added to relative performance. Conversely, the overweight positions in Virgin Money UK, Mineral Resources, Suncorp, Qantas, Insurance Australia Group, Downer EDI and Woolworths detracted from relative performance. Not holding Newcrest Mining, Wesfarmers and Northern Star Resources detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2110-Ausbil-Active-Sustainable-Equity-Fund-Product-Report_AAP3940AU-1.pdfSeptember, 2021
Fund performance for the quarter ending September 2021 was +6.90% (net of fees) versus the benchmark return of +1.71%, as measured by the S&P/ ASX 200 Accumulation Index. Over the quarter, at a sector level, the overweight positions in Communication Services, Consumer Staples, Financials, Health Care, Industrials and Information Technology contributed to relative performance. The underweight position in the Materials sector added value. The underweight positions in the Consumer Discretionary, Energy, Real Estate and Utilities sectors detracted value.
At a stock level, the overweight positions in Orocobre, Webjet, IGO, Downer, IDP Education and Lynas Rare Earths added to relative performance. Not holding BHP, Galaxy Resources, Fortescue Metals and Rio Tinto also added to relative performance. Conversely, the overweight positions in Mineral Resources, Xero and CSR detracted from relative performance. The nil positions in Sydney Airport, WiseTech Global, Qantas, South32, Domino’s Pizza, Aristocrat Leisure and Woodside Petroleum also detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2109-Ausbil-Active-Sustainable-Equity-Fund-Product-Report.pdfAugust, 2021
Fund performance for August 2021 was +6.46% (net of fees) versus the benchmark return +2.50%, as measured by the S&P/ASX 200 Accumulation Index.
At a sector level, the overweight positions in the Communication Services, Financials, Health Care, Industrials, and Information Technology sectors added to relative performance. The underweight positions in the Consumer Staples, Energy, Materials and Utilities sectors also added value. The underweight positions in the Consumer Discretionary and Real Estate sectors 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/2021/02/2108-Ausbil-Active-Sustainable-Equity-Fund-Product-Report.pdfJuly, 2021
Fund performance for July 2021 was +1.63% (net of fees) versus the benchmark return +1.10%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight positions in the Consumer Staples, Health Care and Industrials sectors added to relative performance. The underweight positions in the Consumer Discretionary, Energy and Real Estate sectors also added value. The overweight positions in the Communication Services, Financials and Information Technology sectors detracted value.
The underweight positions in the Materials and Utilities sectors also detracted value. At a stock level, the overweight positions in Orocobre, IGO, Galaxy Resources, Mineral Resources, Lynas Rare Earths, BlueScope Steel and Goodman Group added to relative performance. Not holding Seek, Santos and Aristocrat Leisure added to relative performance. Conversely, the overweight positions in Afterpay, Computershare, Downer EDI, IAG and Domain Holdings detracted from relative performance. Not holding BHP Group, Sydney Airport, Fortescue Metals, Rio Tinto and Wesfarmers detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/ausbil-active-sustainable-equity-fund-july-2021.pdfJune, 2021
Fund performance for the quarter ending June 2021 was +7.61% (net of fees), versus the benchmark return of +8.29%, as measured by the S&P/ASX 200 Accumulation Index.
Over the quarter, at a sector level, the overweight positions in the Health Care and Information Technology sectors contributed to relative performance. The underweight positions in the Communication Services, Energy, Materials and Utilities sectors also added value. Conversely, the overweight positions in the Financials and Industrials sectors detracted from relative performance. The underweight positions in the Consumer Discretionary, Consumer Staples and Real Estate sectors also detracted value.
At a stock level, the overweight positions in Galaxy Resources, Mineral Resources, Orocobre, IGO, Telstra, Domain, Charter Hall Group, Afterpay and Cleanaway Waste Management added to relative performance. The nil position in Woodside Petroleum also added value. Conversely, the overweight positions in Costa Group, Webjet, Lynas Rare Earths, Qantas, Ramsay Health Care, The a2 Milk Company, Fisher & Paykel Healthcare and OZ Minerals detracted from relative performance. The nil positions in Aristocrat Leisure and Elders also detracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2106-Ausbil-Active-Sustainable-Equity-Fund-Product-Report.pdfMay, 2021
Fund performance for May 2021 was -0.43% (net of fees) versus the benchmark return +2.34%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the overweight positions in the Financials and Health Care sectors added to relative performance. The underweight positions in the Communication Services, Energy, Materials, Real Estate and Utilities sectors also added value. The overweight positions in the Industrials and Information Technology sectors detracted value.
The underweight positions in the Consumer Discretionary and Consumer Staples sectors also detracted value. At a stock level, the overweight positions in Virgin Money UK, CSL and OZ Minerals added to relative performance. Not holding BHP, Woodside Petroleum, Xero, Sydney Airport, APA Group, Fortescue Metals and EML Payments added to relative performance. Conversely, the overweight positions in Fisher & Paykel, Afterpay, Costa Group, The a2 Milk Company, Mineral Resources, Ramsay Health Care, Galaxy Resources, Orocobre, Qantas and Downer EDI detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2105-Ausbil-Active-Sustainable-Equity-Fund-Product-Report.pdfApril, 2021
Fund performance for April 2021 was +5.98% (net of fees) versus the benchmark return +3.47%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the Fund’s overweight positions in the Health Care, Industrials and Information Technology sectors added to relative performance.
The underweight positions in the Communication Services, Consumer Discretionary, Consumer Staples, Energy, Real Estate and Utilities sectors also added value. The overweight position in the Financials sector detracted value. The underweight position in the Materials sector also detracted value. At a stock level, the overweight positions in Galaxy Resources, Orocobre, Mineral Resources, Cleanaway Waste Management, Fisher & Paykel Healthcare, IGO, Afterpay, Domain Holdings and Downer EDI added to relative performance. Not holding Woolworths added to relative performance. Conversely, the overweight positions in Webjet, Lynas Rare Earths, Qantas, a2 Milk Company, Elders and Costa Group detracted from relative performance. The nil positions Fortescue Metals, Rio Tinto, BHP and Appen also detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2104-Ausbil-Active-Sustainable-Equity-Fund-Product-Report.pdfJanuary, 2021
Fund performance for January 2021 was -0.06% (net of fees) versus the benchmark return of +0.31%, as measured by the S&P/ASX 200 Accumulation Index. At a sector level, the Fund’s overweight position in the Information Technology sector added to relative performance. The underweight position in the Utilities sector also added value. The overweight positions in the Health Care, Industrials, Materials and Real Estate sectors detracted value. The underweight positions in the Communication Services, Consumer Discretionary, Consumer Staples, Energy and Financials sectors also detracted value.
At a stock level, the overweight positions in Bingo Industries, Afterpay, Lynas Rare Earths, Galaxy Resources, Domain Holdings, Nuix and Sonic Healthcare added to relative performance. Not holding Xero, Sydney Airport and Rio Tinto also added to relative performance. Conversely, the overweight positions in The a2 Milk Company, Charter Hall Group, Qantas Airways, Mineral Resources, Appen, Webjet, Lendlease and Fortescue Metals detracted from relative performance. The nil positions in Wesfarmers and BHP Group also detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/2101-Ausbil-Active-Sustainable-Equity-Fund-Product-Report.pdfasset_class: Domestic Equity
asset_category: Australia Large Blend - Core / Style Neutral
peer_benchmark: Domestic Equity - Large Cap Neutral Index
broad_market_index: ASX Index 200 Index
manager_contact_details: Array
ticker: AAP3940AU
release_schedule: Monthly
commentary_block: Array
factsheet_url:
https://www.ausbil.com.au/products/ausbil-active-sustainable-equity-fund
Reports
Monthly Performance Report
fund_features:
The Fund provides exposure to an actively managed portfolio, predominantly made up of listed Australian equities which meet Ausbil’s sustainability approach to investing. The Fund invests in a portfolio of listed Australian companies which are primarily selected from the S&P/ASX 200 Index, that have a relatively good sustainable profile that are not subject to long-term earnings sustainability risk.
- Ausbil’s dedicated ESG team researches on a proprietary basis, assesses and scores a company based on the industry in which a company operates in (ie what a company does) and a company’s
ESG factors (ie how a company manages these factors). The combination being a sustainability score, which indicates a company’s sustainability profile. - The Fund aims achieve returns (before fees and taxes) in excess of the S&P/ASX 200 Accumulation Index over the long term by primarily investing in listed Australian companies which meet Ausbil’s sustainability approach to investing. There is no guarantee that this objective will be achieved.
structure: Managed Fund