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  5. AB Concentrated Australian Equities Fund - Managed fund profile

AB Concentrated Australian Equities Fund - Managed Fund

Fund Objective
The Fund aims to achieve returns that exceed the S&P/ASX 300 Accumulation Index after fees over the medium to long term. There is no guarantee that the Fund will achieve this objective or produce any returns.
Fund Strategy
The Fund implements a value investment strategy and provides exposure to an actively managed, high conviction equity portfolio. The Fund uses a combination of thorough company level (fundamental) research and quantitative risk tools to select investments that the fund considers having the most attractive return prospects. The Fund may invest in securities listed in Australia, dual listed securities, securities with equity characteristics, securities we reasonably expect to be listed within six months and cash.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -2.89% -1.1% 4.5% 16.19% 10.29% 9.19% 6.97% -%
Growth return -2.89% -1.1% 2.41% 11.66% 6.16% 5.43% 3.99% -%
Income return 0% 0% 2.09% 4.53% 4.13% 3.76% 2.98% -%
Market index (S&P/ASX 200 TR AUD)
Total return -1.31% 2.1% 8.44% 24.89% 13.39% 8.01% 8.17% 8.32%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AB Concentrated Australian Equities Fund
Australian Equities
96.77%
Cash
3.23%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.29%
Cash
-0.11%
International Equities
4.30%
Property
2.11%
Fixed Interest
0.40%
Alternatives
0.01%

General Information

Fund Details
Type Description
AB Concentrated Australian Equities Fund
AllianceBernstein Investment Management
ACM0005AU
Equity Australia Large Value
starstarstar (as at 31 Oct 2024)
Investment Fund
27 Jun 2017
$195.5 million (as at 19 Nov 2024)
$1.5217 (as at 19 Nov 2024)
$1.5141 (as at 19 Nov 2024)
Open
Offer information
Type Description
MER 0.40% (as at 4 Mar 2024)
Indirect Cost Ratio (ICR) 0.50% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $50,000
Minimum additional investments $5,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Oct 2024)

Holding (as at 31 Oct 2024) Type % of Portfolio
Westpac Banking Corp Equity 9.95%
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FAQs about the AB Concentrated Australian Equities Fund

The objective of the AB Concentrated Australian Equities Fund managed fund is The Fund aims to achieve returns that exceed the S&P/ASX 300 Accumulation Index after fees over the medium to long term. There is no guarantee that the Fund will achieve this objective or produce any returns.

The strategy of the AB Concentrated Australian Equities Fund managed fund is The Fund implements a value investment strategy and provides exposure to an actively managed, high conviction equity portfolio. The Fund uses a combination of thorough company level (fundamental) research and quantitative risk tools to select investments that the fund considers having the most attractive return prospects. The Fund may invest in securities listed in Australia, dual listed securities, securities with equity characteristics, securities we reasonably expect to be listed within six months and cash.

The APIR code of the AB Concentrated Australian Equities Fund managed fund is ACM0005AU.

AB Concentrated Australian Equities Fund’s total return last month was -2.89%. This was made up of a growth return of -2.89% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

AB Concentrated Australian Equities Fund’s total return for the last three months was -1.1%. This was made up of a growth return of -1.1% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

AB Concentrated Australian Equities Fund’s one-year total return is 16.19%. This was made up of a growth return of 11.66% and an income return of 4.53%. These returns were calculated as at 31 Oct 2024.

AB Concentrated Australian Equities Fund’s one-year total return is 9.19%. This was made up of a growth return of 5.43% and an income return of 3.76%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the AB Concentrated Australian Equities Fund managed fund is :

Australian Equities
96.77%
Cash
3.23%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the AB Concentrated Australian Equities Fund managed fund is AllianceBernstein Investment Management.

The AB Concentrated Australian Equities Fund managed fund belongs to the Equity Australia Large Value sector/asset class.

As at 19 Nov 2024, the size of the AB Concentrated Australian Equities Fund managed fund was $195.5 million.

The AB Concentrated Australian Equities Fund managed fund has an inception date of 27 Jun 2017.

The current entry price of the AB Concentrated Australian Equities Fund managed fund is $1.5217 per unit and the current exit price is $1.5141 per unit (as at 19 Nov 2024).

The current exit price of the AB Concentrated Australian Equities Fund managed fund is $1.5141 per unit and the current entry price is $1.5217 per unit (as at 19 Nov 2024).

The minimum initial investment amount for the AB Concentrated Australian Equities Fund managed fund is $50,000. Minimum additional investment is $5000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.