Maple-Brown Abbott Australian Geared Equity Fund - Wholesale

The Fund is an actively managed that borrows money to gear the portfolio, which provides the potential to magnify long term capital growth or loss. Currently, the Fund gains exposure to Australian equities by purchasing units in the Maple-Brown Abbott Sharemarket Fund (SMF). The SMF invests in Australian listed companies where we assess the discount to intrinsic value to be sufficiently attractive. The Fund gains exposure to small cap stocks by purchasing units in the Maple-Brown Abbott Small Companies Trust. The SMF typically holds at least 30 stocks.

Investment objective

The Fund aims to outperform (before fees) the S&P/ASX 200 Index (Total Returns) over rolling four-year periods.

Fund facts
Inception date30/09/2002Distribution frequencyJune, December
BenchmarkS&P/ASX 200 Index (Total Returns)Fund statusClosed to new investors
APIR codeADV0078AUManagement costs^ %1.03
Pricing frequency & cut-offDaily / 2pm Sydney time on a Business DayBuy/Sell spread %0.34 / 0.34

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 half-yearly 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. Performance figures are calculated using withdrawal values and assume that income is reinvested. Annual management fees and expenses have been taken into account, however no allowance has been made for tax or any rebates that may be given. Source: Maple-Brown Abbott and IRESS
* Inception date is 1 October 2002.

Unit price

as at 21/01/2021

Download unit price history
Redemption priceNet asset valueApplication price
$ 0.4339$ 0.4354$ 0.4369
DateCents per unitReinvestment priceDiv 12-H summaryTaxable component summary
31/12/20200.8139 ¢0.3977 ¢

Forms & fund information

Fees & costs

Management costs^ % p.a.Net transactional and operational costs % p.a*Buy/Sell spread %
1.031.820.34 / 0.34

*Transactional and operational costs represent the estimated costs from the Fund’s investing activities. These costs are in addition to the management costs. The transactional and operational costs are reflected in the unit price and impact the performance of the Fund. These costs include brokerage, settlement costs, Borrowing costs (including interest and loan fees) 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.

^Charged on the wholesale class’s share of the total assets of the Fund, that is, all assets in the Fund including assets acquired from borrowings.

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