AFM Fund Profile — Airlie Australian Share Fund

Fund & Manager Details

Key Facts

Fund Type: Single Discretionary/Quantitative: Discretionary
Strategy: Equity Long FUM (millions): AU$336.15m
Style: Blend Fund Inception Date: Since 01 June 2018
Geographic Mandate: Australia Latest Return Date: May 2022
Fund Domicile: Australia Investor Type: Retail
Status: Open Reporting Status: Current

Manager Details and Fund Description

Manager: Airlie Funds Management Total FUM for all funds: AU$7,000m
Manager Overview:
Magellan Asset Management Limited trading as Airlie Funds Management ("Airlie") is the Responsible Entity and Investment Manager for the Airlie Australian Share Fund ("the Fund"). Magellan Asset Management Limited ("Magellan") was incorporated on 6 July 2006 and is the key operating subsidiary of Magellan Financial Group Limited ("MFG"). MFG is listed on the Australian Securities Exchange.

Airlie Funds Management Pty Ltd ("AFM") was founded in 2012 by John Sevior and David Cooper to predominantly service institutional clients.
AFM was acquired by Magellan in early 2018.

Airlie is a specialist Australian equities fund manager with an active, value-based investment style that aims to deliver attractive long-term capital growth and regular income to its investors.
Fund/Strategy Overview:
The Fund aims to provide investors with long-term capital growth and regular income through investment in Australian equities.

The Fund is long-only with a bottom-up focus. It has a concentrated portfolio of 15-35 stocks (target 25). The fund has a maximum cash holding of 10% with an aim to be fully invested.

Airlie employs a prudent investment approach that identifies companies based on their financial strength, attractive durable business characteristics and the quality of their management teams. Airlie invests in these companies when their view of their fair value exceeds the prevailing market price.

It is jointly managed by Matt Williams and Emma Fisher. Matt has over 25 years' investment experience and formerly held the role of Head of Equities and Portfolio Manager at Perpetual Investments. Emma has over 8 years' investment experience and has previously worked as an investment analyst within the Australian equities team at Fidelity International and, prior to that, at Nomura Securities.

Investment Details

Investment Terms

Minimum Investment: Minimum Additional Investment: Minimum Term: Investment Frequency:
AU$10,000 AU$5,000 Daily
Regular Savings Option: Regular Savings Minimum Amount : Regular Savings Maximum Amount : Regular Savings Frequency :
No N/A 
Redemption Notice: Redemption Frequency: Notes:
Daily
No minimum amount applies to additional...
Distributions: Distribution Frequency: Last Distribution Date: Last Distribution Amount:
Yes 6 Monthly AU$

Structure

Offshore/Onshore: Fund Structure: Share Classes: Trustee/Responsible Entity:
Onshore Unit Trust AU$ Magellan Asset Management
Administrator: Prime Broker: Custodian: Legal:
N/A N/A The Northern Trust Company N/A

Fund Fees

Management Fee: Performance Fee: High Water Mark: Hurdle:
0.78% % N/A N/A
Buy Spread: Sell spread: Early Redemption Fee: Fees Notes:
0.140% 0.140% No

Performance & Risk

Fund Inception Date: 01 June 2018 Annualised Return: 10.78%

Key Performance

Latest Result: Latest 3 Months: Latest 6 Months: Latest 12 Months:
-4.45% -0.55% -4.33% 5.55%
Latest 24 Months p.a.: Latest 36 Months p.a.: Latest 48 Months p.a.: Latest 60 Months p.a.:
19.50% 12.57% 10.78% N/A
% Positive Months (Since Inception): Average Return: Average +ve Return: Average -ve Return:
68.75% 0.96% 3.14% -3.83%
Best Month: Worst Month: Up Capture Ratio (Since Inception): Down Capture Ratio (Since Inception):
10.22% -19.12% 105.72% 94.87%
Largest Drawdown (Since Inception): Longest Drawdown (Since Inception): Current Drawdown (%): Current Drawdown (Months):
-23.80% 9 months -7.30% 5 months

Risk

Annualised Standard Deviation (Since Inception): Downside Deviation (Since Inception): Sortino Ratio (Since Inception): -
15.68% 11.73% 0.82 -
Sharpe Ratio (12 months): Sharpe Ratio (36 Months): Sharpe Ratio (60 Months): Sharpe Ratio (Since Inception):
0.53 0.77 N/A 0.70
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate

Ranking, Research & Availability

Fund quintile in it's Peer group (Equity Long - Large Cap - Australia).

AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of Airlie Australian Share Fund compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.

As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.

1 Year
3 Year
5 Year
7 Year
Airlie Australian Share Fund
ASX200 Total Return

External Research and Ratings: As reported by each Fund Manager.

Morningstar Analyst Rating: Neutral, February 2020
Lonsec: Recommended, February 2020
Zenith: Recommended, February 2020

Availability:As reported by each Fund Manager.

No investment platforms supplied

News & Insights

Performance Report: Airlie Australian Share Fund
15 Jun 2022 - FundMonitors.com
The Airlie Australian Share Fund returned -4.45% in May. The fund has outperformed the ASX 200 Total Return Index since inception in June 2018, providing investors with an annualised return of 10.78% compared with the index's return of...
Read more...
One of the ASX's most impressive stocks
12 May 2022 - Airlie Funds Management
In the search for high-quality businesses that are undervalued, one of the richest hunting grounds is a 'jewel in the crown' scenario, whereby a great business is hidden within a languishing conglomerate.
Read more...
Performance Report: Airlie Australian Share Fund
11 May 2022 - FundMonitors.com
The Airlie Australian Share Fund returned -0.9% in April, performing in line with the ASX 200 Total Return Index which fell by -0.85%. The fund has outperformed the ASX 200 Total Return Index since inception in June 2018, providing...
Read more...

Fund Documents

Manager's Report

Product disclosure/IM



Fund Performance

Historical Performance (all figures shown here are net of fees unless otherwise stated)

Year Jan % Feb % Mar % Apr % May % Jun % Jul % Aug % Sep % Oct % Nov % Dec % YTD %
2022 -6.59 -0.21 5.02 -0.90 -4.45 N/R N/R N/R N/R N/R N/R N/R -7.30
2021 0.02 0.52 3.95 4.48 3.56 2.88 2.61 3.22 -1.14 1.93 0.48 3.21 28.76
2020 3.41 -5.79 -19.12 9.27 5.12 4.10 0.60 4.18 -3.42 1.15 10.22 1.86 8.30
2019 3.06 4.32 0.55 2.57 1.61 2.33 3.46 -1.41 3.90 -0.04 3.42 -1.55 24.36
2018 N/R N/R N/R N/R N/R 4.11 1.15 1.51 -1.87 -7.12 -2.94 -0.92 -6.30

Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)

Year Jul % Aug % Sep % Oct % Nov % Dec % Jan % Feb % Mar % Apr % May % Jun % FYTD %
2021/2022 2.61 3.22 -1.14 1.93 0.48 3.21 -6.59 -0.21 5.02 -0.90 -4.45 N/A 2.60
2020/2021 0.60 4.18 -3.42 1.15 10.22 1.86 0.02 0.52 3.95 4.48 3.56 2.88 33.71
2019/2020 3.46 -1.41 3.90 -0.04 3.42 -1.55 3.41 -5.79 -19.12 9.27 5.12 4.10 1.63
2018/2019 1.15 1.51 -1.87 -7.12 -2.94 -0.92 3.06 4.32 0.55 2.57 1.61 2.33 3.77
2017/2018 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 4.11 4.11