Macquarie Australian Shares FundA diversified portfolio of Australian shares

What the Macquarie Australian Shares Fund aims to offer

Diversified exposure

To a portfolio of Australian shares identified as having attractive fundamentals

Aims to achieve consistent active returns

By holding a large number of small active positions

Emotional bias risk reduced

A systematic approach to capturing the fundamental characteristics of stocks

Fund facts
Investment objective The Macquarie Australian Shares Fund aims to outperform the S&P/ASX 200 Accumulation Index (Benchmark) over the medium to long term (before fees). It aims to provide capital growth and some income
Benchmark S&P/ASX 200 Accumulation Index
Portfolio managers Derek Bilney, Brad Partridge
Inception date* 29 November 2005
Fund size $A111.5m (current as at 30 November 2018)
Management fee 0.60% pa of the net asset value of the Fund
Performance fee 0.00% pa
Minimum investment $A20,000
Distribution frequency Generally quarterly
APIR code MAQ0443AU

*Until 17 December 2017, the strategy was managed with a fundamental approach. From 18 December 2017, the strategy was restructured such that it is managed with a quantitative, systematic investment approach.

Read the Product Disclosure Statement for more details on fees and expenses that may be charged.

Investment strategy

Performance

Net returns as at 30 November 2018

 
Period 1m (%) 3m (%) 6m (%) 1y (%) 2y (%pa) 3y (%pa) 5y (%pa) Inception* (%pa)
Macquarie Australian Shares Fund** -1.89 -9.79 1.93 11.36 12.23 12.39 9.93
Benchmark*** -2.21 -9.28
-0.96 6.54 7.69 5.82 6.12

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Past performance is not a reliable indicator of future performance. The Fund’s investment strategy changed effective 18 December 2017. Until 17 December 2017, the strategy was managed with a fundamental high conviction approach. From 18 December 2017, the strategy was restructured such that it is managed with a quantitative, systematic investment approach. Please contact your financial adviser for further information.

* Inception date of the Fund was 29 November 2005.

** Net returns are quoted after the deduction of all fees and expenses. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions. Due to individual investor circumstances, your net returns may differ from the net returns quoted above.

*** The Benchmark is the S&P/ASX 200 Accumulation Index.

Managers

Derek Bilney
Brad Partridge

Risks

All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying assets. Generally, the higher the potential return of an investment, the greater the risk. The risks of investing in this Fund include:

Investment risk: The Fund has exposure to share markets. The risk of an investment in the Fund is higher than an investment in a typical bank account or fixed income investment. Amounts distributed to unitholders may fluctuate, as may the Fund’s unit price. The unit price may vary by material amounts, even over short periods of time, including during the period between a redemption request or application for units being made and the time the redemption unit price or application unit price is calculated.

Market risk: Share markets can be and have been volatile, and have the potential to fall by large amounts over short periods of time. The investments of the Fund are likely to have a broad correlation with share markets in general, and hence poor performance or losses in domestic and/or global share markets are likely to negatively impact the overall performance of the Fund.

Security specific risk: Securities and the companies that issue them are exposed to a range of factors that affect their individual performance. These factors may cause an investment’s return to differ from that of the broader market. The Fund may therefore underperform the market and/or its peers due to its security specific exposures.

More information on the risks of investing in the Fund is contained in the Product Disclosure Statement, which should be considered before deciding to invest in the Fund.

How to invest

Send us the Application Form and any required identification documents

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