Armytage Australian Equity Income - Managed Fund

Fund Objective

Armytage’s Value based investment style incorporates a bottom-up proprietary business valuation investment approach supplemented by top-down thematic overlays to identify the highest quality alpha opportunities in its investment universe. This approach allows Armytage to construct a portfolio of stocks providing relative-value over the investment time horizon.

Fund Strategy

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	1.06%	-0.92%	-0.62%	1.18%	7.82%	6.51%	8.5%	7.87%
Growth return	0.5%	-3.82%	-2.3%	-2.28%	1.13%	1.24%	0.51%	-0.32%
Income return	0.56%	2.9%	1.68%	3.46%	6.69%	5.27%	7.99%	8.19%
Market index (S&P/ASX 200 TR AUD)
Total return	1.78%	0.36%	3.06%	7.37%	11.2%	9.81%	10.21%	10.12%

As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Armytage Australian Equity Income

Australian Equities: 94.50%

Cash: 5.50%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 95.81%

Cash: -1.04%

International Equities: 4.26%

Property & Infrastructure: 1.32%

Fixed Interest: -0.33%

Alternatives: -0.02%

General Information

Fund Details

Type	Description
Fund Name	Armytage Australian Equity Income
Responsible Entity	Armytage Private Ltd
APIR Code	ETL0148AU
Sector/Asset Class	Australia Equity Income
Morningstar Rating	(as at 31 Jan 2026)
Legal Structure	Investment Fund
Fund Inception	13 Jul 2007
Fund Size	$42.67 million (as at 31 Aug 2023)
Entry Price	$0.7966 (as at 12 Feb 2026)
Exit Price	$0.7926 (as at 12 Feb 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.43% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR)	1.43% (as at 30 Jun 2024)
Minimum initial investment	$5,000.00
Minimum additional investments	$5,000.00
Minimum redemption amount	$5,000.00

Top 10 holdings (as at 30 Apr 2024)

Holding (as at 30 Apr 2024)	Type	% of Portfolio
BHP Group Ltd	Equity	11.46%
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FAQs about the Armytage Australian Equity Income

What is the objective of the Armytage Australian Equity Income managed fund?

The objective of the Armytage Australian Equity Income managed fund is Armytage’s Value based investment style incorporates a bottom-up proprietary business valuation investment approach supplemented by top-down thematic overlays to identify the highest quality alpha opportunities in its investment universe. This approach allows Armytage to construct a portfolio of stocks providing relative-value over the investment time horizon.

What is the strategy for the Armytage Australian Equity Income managed fund?

The strategy of the Armytage Australian Equity Income managed fund is Armytage’s Value based investment style incorporates a bottom-up proprietary business valuation investment approach supplemented by top-down thematic overlays to identify the highest quality alpha opportunities in its investment universe. This approach allows Armytage to construct a portfolio of stocks providing relative-value over the investment time horizon.

What is the APIR code of the Armytage Australian Equity Income managed fund?

The APIR code of the Armytage Australian Equity Income managed fund is ETL0148AU.

What was Armytage Australian Equity Income’s total return last month?

Armytage Australian Equity Income’s total return last month was 1.06%. This was made up of a growth return of 0.5% and an income return of 0.56%. These returns were calculated as at 31 Jan 2026.

What was Armytage Australian Equity Income’s total return for the last three months?

Armytage Australian Equity Income’s total return for the last three months was -0.92%. This was made up of a growth return of -3.82% and an income return of 2.9%%. These returns were calculated as at 31 Jan 2026.

What is Armytage Australian Equity Income’s one-year total return?

Armytage Australian Equity Income’s one-year total return is 1.18%. This was made up of a growth return of -2.28% and an income return of 3.46%. These returns were calculated as at 31 Jan 2026.

What is Armytage Australian Equity Income’s three-year total return?

Armytage Australian Equity Income’s one-year total return is 6.51%. This was made up of a growth return of 1.24% and an income return of 5.27%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the Armytage Australian Equity Income managed fund?

The asset allocation of the Armytage Australian Equity Income managed fund is :

Australian Equities: 94.50%

Cash: 5.50%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Armytage Australian Equity Income managed fund?

The Responsible Entity for the Armytage Australian Equity Income managed fund is Armytage Private Ltd.

What sector/asset class does the Armytage Australian Equity Income managed fund belong to?

The Armytage Australian Equity Income managed fund belongs to the Australia Equity Income sector/asset class.

What is the size of the Armytage Australian Equity Income managed fund?

As at 31 Aug 2023, the size of the Armytage Australian Equity Income managed fund was $42.67 million.

What is the inception date of the Armytage Australian Equity Income managed fund?

The Armytage Australian Equity Income managed fund has an inception date of 13 Jul 2007.

What is the current entry price of the Armytage Australian Equity Income managed fund?

The current entry price of the Armytage Australian Equity Income managed fund is $0.7966 per unit and the current exit price is $0.7926 per unit (as at 12 Feb 2026).

What is the current exit price of the Armytage Australian Equity Income managed fund?

The current exit price of the Armytage Australian Equity Income managed fund is $0.7926 per unit and the current entry price is $0.7966 per unit (as at 12 Feb 2026).

What is the minimum investment amount for the Armytage Australian Equity Income managed fund?

The minimum initial investment amount for the Armytage Australian Equity Income managed fund is $5,000. 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.

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