Maple-Brown Abbott Australian Equity Trust

The Fund is an actively managed fund that invests in a select range of listed Australian equities. The Fund offers investors exposure to a portfolio that has a value bias with the potential to provide long-term capital growth and income. We seek companies that have higher levels of franked dividends than the market and where we assess the discount to intrinsic value is sufficiently attractive. The Fund gains exposure to small cap stocks by purchasing units in the Maple-Brown Abbott Small Companies Trust. The Fund typically holds at least 30 stocks.

Investment objective

The Fund aims to outperform the S&P/ASX 300 Index (Total Returns) over rolling four year periods.

Fund facts
Inception date31/12/1992Distribution frequencyQuarterly
BenchmarkS&P/ASX 300 Index (Total Returns)Minimum initial application$ 500,000
APIR codeMPL0002AUManagement costs %0.39
Pricing frequency & cut-offDaily / 2pm Sydney time on a Business DayBuy/Sell spread %0.19 / 0.19

Fund benefits

Investment expertise

The Fund is managed by a dedicated and experienced team of Australian equity specialists.

Investment growth and distributions

The Fund aims to deliver long term capital growth, along with the potential to receive quarterly distributions.

Access to franked dividends

The potential for tax-effective income through access to franked dividends.

Portfolio managers

A team of experienced and dedicated investment professionals.

Garth Rossler
Chief Investment Officer
Dougal Maple-Brown
Head of Australian Equities

Fund performance^

as at 31/12/2020

1 mth %3 mths %1 yr % p.a.3 yrs % p.a.4 yrs % p.a.5 yrs % p.a.Since inception % p.a.*

^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are volatile and may fluctuate quickly and significantly. Total return is based on the movement in net asset value per unit plus distributions and is before tax and after all fees and charges. Imputation credits are not included in the performance figures.
Source: Maple-Brown Abbott and IRESS
* Inception Date is 31 December 1992.

Unit price

as at 21/01/2021

Download unit price history
Redemption priceNet asset valueApplication price
$ 0.9184$ 0.9201$ 0.9218
DateCents per unitReinvestment priceDiv 12-H summaryTaxable component summary
31/12/20201.8501 ¢0.8719 ¢

Forms & fund information

Proxy voting outcomes 

The table below shows how we have exercised our vote for Australian-listed shares held in the Maple-Brown Abbott Australian Equity Trust (including those held via the Maple-Brown Abbott Small Companies Trust) for FY2020. In accordance with our proxy voting policy we voted on all resolutions put to us for the year in question.

MeetingsResolutionsVoted ForVoted AgainstAbstained
Number 47345331140

The data above has been adjusted for shareholder sponsored resolutions. Of the 14 "against" votes, 57% related to remuneration, 36% related to the election of a Director and 7% related to other governance.

Fees & costs

Management costs % p.a.Net transactional and operational costs % p.a*Buy/Sell spread %
0.390.060.19 / 0.19

*Transactional and operational costs vary year to year and represent the estimated costs from the fund’s investing activities. These are reflected in the unit price an impact the performance of the fund. These costs include brokerage, settlement costs, clearing costs, stamp duty and other taxes on an investment transaction. It also includes the difference between the price paid for purchasing securities and the price that would be payable if selling securities (i.e. bid/ask spread). These costs are net of the buy-sell spread recovery which is the amount charged to investors for applications and withdrawals. The transactional and operational costs are generally calculated each year based on the estimated costs incurred during the prior financial year ended 30 June, expressed as a percentage of the average fund net asset value, however the transactional and operational costs will also be recalculated when there is a significant change in net transactional and operational costs.

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