Ausbil Active Sustainable Equity Performance Review | News

What is the Ausbil Active Sustainable Equity fund?

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.

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Latest News & Updates For Ausbil Active Sustainable Equity

Ausbil Active Sustainable Equity Fund Commentary September 30, 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.

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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 Sustainable Equity	AAP3940AU	Managed Funds	Domestic Equity	Australia Large Blend - Core / Style Neutral	Domestic Equity - Large Cap Neutral Index	ASX Index 200 Index	43.88 M	1%	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 Sustainable Equity	1.9%	9.83%	29.44%	6.03%	10.3%	12.53%	15.81%	16.67%	-5.25%	-16.3%	-25.42%

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 Sustainable Equity	Domestic Equity - Large Cap Neutral Index	8.43%	1.5%	NA%	NA%	NA%	1.2	5.14%	5.35%	0.93	0.95

Product Details

Fund Name	Verifed by SMSF Mates	Manager Address	Phone	Website	Email
Ausbil Active Sustainable Equity	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 Sustainable Equity

Ausbil Active Sustainable Equity is an Managed Funds investment product that is benchmarked against ASX Index 200 Index and sits inside the Domestic Equity - Large Cap Neutral 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 Sustainable Equity has Assets Under Management of 43.88 M with a management fee of 1%, 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 Sustainable Equity has returned 1.9% in the last month. The previous three years have returned 6.03% annualised and 16.67% each year since inception, which is when the Ausbil Active Sustainable Equity 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 Sustainable Equity first started, the Sharpe ratio is NA with an annualised volatility of 16.67%. The maximum drawdown of the investment product in the last 12 months is -5.25% and -25.42% 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 Sustainable Equity has a 12-month excess return when compared to the Domestic Equity - Large Cap Neutral Index of 8.43% and 1.5% 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 Sustainable Equity has produced Alpha over the Domestic Equity - Large Cap Neutral 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 Cap Neutral Index category, you can click here for the Peer Investment Report.

What level of diversification will Ausbil Active Sustainable Equity provide?

Ausbil Active Sustainable Equity has a correlation coefficient of 0.95 and a beta of 1.2 when compared to the Domestic Equity - Large Cap Neutral 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 Sustainable Equity and its peer investments, you can click here for the Peer Investment Report.

How do I compare the Ausbil Active Sustainable Equity with the ASX Index 200 Index?

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

Can I sort and compare the Ausbil Active Sustainable Equity to do my own analysis?

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

Has the Ausbil Active Sustainable Equity 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 Sustainable Equity?

If you or your self managed super fund would like to invest in the Ausbil Active Sustainable Equity 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 Sustainable Equity?

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

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the Ausbil Active Sustainable Equity. 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 - August 31, 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.

Performance Commentary - July 31, 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.

Performance Commentary - June 30, 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.

Performance Commentary - May 31, 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.

Performance Commentary - April 30, 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.

Performance Commentary - March 31, 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.

Performance Commentary - February 28, 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.

Ausbil Active Sustainable Equity (AAP3940AU) Report & Performance