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.
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.
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.
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