Ausbil Active Dividend Income Performance Review | News

What is the Ausbil Active Dividend Income fund?

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.

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Performance Report

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Latest News & Updates For Ausbil Active Dividend Income

Ausbil Active Dividend Income Fund Commentary September 30, 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.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

Product Overview
Performance Review
Peer Comparison
Product Details

Product Overview

Fund Name	APIR Code ? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.	Structure ?	Asset Class ? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.	Asset Category ? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.	Peer Benchmark Name ? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.	Broad Market Index ? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.	FUM ? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.	Management Fee ? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.	Performance Fee ? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.	Spread ? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
Ausbil Active Dividend Income	AAP3656AU	Managed Funds	Domestic Equity	Australia Large Value	Domestic Equity - Large Value Index	ASX Index 200 Index	78.47 M	0.85%	0.00%	0.2%

Performance Review

Fund Name	Last Month ? Returns after fees in the most recent (last) month).	3 Months Return ? Returns after fees in the most recent 3 months.	1 Year Return ? Trailing 12 month returns.	3 Years Average Return ? Average Annual returns from the last 3 years.	Since Inc. Average Return ? Average (annualised) returns since inception	1 Year Std. Dev. (Annual) ? The standard deviation (or annual volatility) of the last 12 months.	3 Years Std. Dev. (Annual) ? The average standard deviation (or annual volatility) from the last 3 years.	Since Inc. Std. Dev. (Annual) ? The average standard deviation (or annual volatility) since the fund inception.	1 Year Max Drawdown ? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.	3 Year Max Drawdown ? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.	Since Inc. Max Drawdown ? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Ausbil Active Dividend Income	2.9%	7.25%	17.55%	7.41%	8.92%	9.04%	12.38%	14.5%	-3.7%	-11.52%	-25.96%

Peer Comparison

Fund Name	Peer Index Name ? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.	12 Months Excess Return ? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.	Excess Return Annualised Since Inception ? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.	12 Months Alpha ? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.	Alpha Annualised Since Inception ? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.	12 Months Beta ? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).	Beta Annualised Since Inception ? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).	12 Months Tracking Error ? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.	Tracking Error Since Inception ? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.	12 Months Correlation ? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.	Correlation Since Inception ? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Ausbil Active Dividend Income	Domestic Equity - Large Value Index	0.06%	0.42%	NA%	NA%	NA%	0.91	2.08%	3.89%	0.98	0.97

Product Details

Fund Name	Verifed by SMSF Mates	Manager Address	Phone	Website	Email
Ausbil Active Dividend Income	Yes	Grosvenor Place, Level 27, 225 George Street,Sydney NSW 2000	+61 02 9259 0200	https://www.ausbil.com.au/	contactus@ausbil.com.au

Product Due Diligence

What is Ausbil Active Dividend Income

Ausbil Active Dividend Income is an Managed Funds investment product that is benchmarked against ASX Index 200 Index and sits inside the Domestic Equity - Large Value Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Ausbil Active Dividend Income has Assets Under Management of 78.47 M with a management fee of 0.85%, a performance fee of 0.00% and a buy/sell spread fee of 0.2%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the Ausbil Active Dividend Income has returned 2.9% in the last month. The previous three years have returned 7.41% annualised and 14.5% each year since inception, which is when the Ausbil Active Dividend Income first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Ausbil Active Dividend Income first started, the Sharpe ratio is NA with an annualised volatility of 14.5%. The maximum drawdown of the investment product in the last 12 months is -3.7% and -25.96% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Ausbil Active Dividend Income has a 12-month excess return when compared to the Domestic Equity - Large Value Index of 0.06% and 0.42% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Ausbil Active Dividend Income has produced Alpha over the Domestic Equity - Large Value Index of NA% in the last 12 months and NA% since inception.

What are similar investment products?

For a full list of investment products in the Domestic Equity - Large Value Index category, you can click here for the Peer Investment Report.

What level of diversification will Ausbil Active Dividend Income provide?

Ausbil Active Dividend Income has a correlation coefficient of 0.97 and a beta of 0.91 when compared to the Domestic Equity - Large Value Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on Ausbil Active Dividend Income and its peer investments, you can click here for the Peer Investment Report.

How do I compare the Ausbil Active Dividend Income with the ASX Index 200 Index?

For a full quantitative report on Ausbil Active Dividend Income compared to the ASX Index 200 Index, you can click here.

Can I sort and compare the Ausbil Active Dividend Income to do my own analysis?

To sort and compare the Ausbil Active Dividend Income financial metrics, please refer to the table above.

Has the Ausbil Active Dividend Income been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in Ausbil Active Dividend Income?

If you or your self managed super fund would like to invest in the Ausbil Active Dividend Income please contact Grosvenor Place, Level 27, 225 George Street,Sydney NSW 2000 via phone +61 02 9259 0200 or via email contactus@ausbil.com.au.

How do I get in contact with the Ausbil Active Dividend Income?

If you would like to get in contact with the Ausbil Active Dividend Income manager, please call +61 02 9259 0200.

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the Ausbil Active Dividend Income. All data and commentary for this fund is provided free of charge for our readers general information.

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Historical Performance Commentary

Performance Commentary - June 30, 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.

Performance Commentary - March 31, 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.

Performance Commentary - January 31, 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.

Performance Commentary - December 31, 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.

Performance Commentary - September 30, 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.

Performance Commentary - June 30, 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.

Performance Commentary - March 31, 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

Ausbil Active Dividend Income (AAP3656AU) Report & Performance