AB Concentrated Australian Equities Fund - Managed Fund

Fund Performance Comparison

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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.

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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 -6.17 -8.4 -3.58 1.92 - - - -
Growth return -6.17 -9.08 -5.04 -0.58 - - - -
Income return 0 0.68 1.46 2.5 - - - -
Market index (S&P/ASX 200 TR AUD)
Total return -6.05 -5.92 -0.42 2.94 9.34 8.25 6.02 8.53
As as 31 Oct 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Australian Equities
96.99%
Cash
3.01%

General Information

Fund Details
Type Description
AB Concentrated Australian Equities Fund
AllianceBernstein Investment Management
ACM0005AU
Equity Australia Large Value
Not Rated
Investment Fund
27 Jun 2017
$29.48 million (as at 9 Nov 2018)
$1.0779 (as at 12 Nov 2018)
$1.0735 (as at 12 Nov 2018)
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.
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.50% (as at 30 Jun 2017)
Minimum initial investment $25,000
Minimum additional investments $5,000.00

Top 10 holdings (as at 30 Sep 2018)

Holding (as at 30 Sep 2018) Type % of Portfolio
Australia and New Zealand Banking Group Ltd Equity 8.64%
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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 cannot 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.

How is your fund performing?

Out of the 5,312 Australian funds researched with a 10 year track record, 76% underperform the industry standard benchmarks by an average of 1.75%, with average fees of 1.73%*.

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76%*

Underperform the industry standard benchmarks

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*Analysis based on data sourced from Morningstar, as at May 2018. Funds that had a 10-year track record were analysed against the standard industry benchmarks. Whilst InvestSMART has taken care in producing these numbers, guarantees cannot be made around the complete accuracy of these figures.

Our Managed Funds

Returns Since Inception *
InvestSMART International Equities 10.30%
Intelligent Investor Equity Income 8.43%
Intelligent Investor Equity Growth 8.25%
InvestSMART High Growth 7.41%
InvestSMART Core Growth 6.71%
InvestSMART Australian Small Companies Fund 5.82%
InvestSMART Balanced 5.25%
InvestSMART Hybrid Income 4.13%
InvestSMART Diversified Income 3.92%
InvestSMART Diversified Property and Infrastructure 3.86%
InvestSMART Interest Income 2.17%

* Returns p.a. since inception after investment & admin fees

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