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  5. First Sentier ex-20 Australian Share - Managed fund profile

First Sentier ex-20 Australian Share - Managed Fund

Fund Objective
To provide higher long-term capital growth with some income by investing in the broader set of Australian companies in the S&P/ASX 300; but outside the S&P/ASX Top 20 Index. To outperform the S&P/ASX 300 Accumulation Index ex the S&P/ASX Top 20 Index over rolling three year periods before fees and taxes.
Fund Strategy
The Fund's strategy is to invest in mid to small cap companies which the Investment Manager believes are growing strongly and generating positive returns on capital. By tapping into the broader opportunity set of the S&P/ASX 300; the Fund is able to diversify away from the larger financials and resources companies that dominate the S&P/ASX 20 Index and focus on medium to small cap; quality Australian companies that the Investment Manager believes have strong balance sheets; earnings growth and high or improving returns on invested capital.

Fund Performance Comparison

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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 1.42% 6.77% 16.09% 22.45% 17.72% 17.13% 10.28% -%
Growth return 1.42% 6.75% 16.07% 22.07% 17.01% 16.27% 7.27% -%
Income return 0% 0.02% 0.02% 0.38% 0.71% 0.86% 3.01% -%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 8.41% 12.42% 16.72% 23.4% 15.71% 9.81% 7.91% 9.19%
As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

First Sentier ex-20 Australian Share
Australian Equities
98.69%
Cash
1.31%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.26%
Cash
3.90%
International Equities
3.88%
Property & Infrastructure
0.34%
Fixed Interest
0%
Alternatives
0.60%

General Information

Fund Details
Type Description
First Sentier ex-20 Australian Share
The Trust Company (RE Services) Limited
PIM1925AU
Equity Australia Mid/Small Growth
starstarstar (as at 31 Aug 2025)
Investment Fund
16 Sep 2019
$108.66 million (as at 12 Sep 2025)
$1.7312 (as at 12 Sep 2025)
$1.7262 (as at 12 Sep 2025)
Open
Offer information
Type Description
MER 1.66% (as at 20 Jan 2025)
Indirect Cost Ratio (ICR) 1.66% (as at 30 Jun 2024)
Performance fee (not included in ICR) 0.91
Minimum initial investment $20,000
Minimum additional investments

Top 10 holdings (as at 31 Jul 2025)

Holding (as at 31 Jul 2025) Type % of Portfolio
WiseTech Global Ltd Equity 8.24%
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FAQs about the First Sentier ex-20 Australian Share

The objective of the First Sentier ex-20 Australian Share managed fund is To provide higher long-term capital growth with some income by investing in the broader set of Australian companies in the S&P/ASX 300; but outside the S&P/ASX Top 20 Index. To outperform the S&P/ASX 300 Accumulation Index ex the S&P/ASX Top 20 Index over rolling three year periods before fees and taxes.

The strategy of the First Sentier ex-20 Australian Share managed fund is The Fund's strategy is to invest in mid to small cap companies which the Investment Manager believes are growing strongly and generating positive returns on capital. By tapping into the broader opportunity set of the S&P/ASX 300; the Fund is able to diversify away from the larger financials and resources companies that dominate the S&P/ASX 20 Index and focus on medium to small cap; quality Australian companies that the Investment Manager believes have strong balance sheets; earnings growth and high or improving returns on invested capital.

The APIR code of the First Sentier ex-20 Australian Share managed fund is PIM1925AU.

First Sentier ex-20 Australian Share’s total return last month was 1.42%. This was made up of a growth return of 1.42% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

First Sentier ex-20 Australian Share’s total return for the last three months was 6.77%. This was made up of a growth return of 6.75% and an income return of 0.02%%. These returns were calculated as at 31 Aug 2025.

First Sentier ex-20 Australian Share’s one-year total return is 22.45%. This was made up of a growth return of 22.07% and an income return of 0.38%. These returns were calculated as at 31 Aug 2025.

First Sentier ex-20 Australian Share’s one-year total return is 17.13%. This was made up of a growth return of 16.27% and an income return of 0.86%. These returns were calculated as at 31 Aug 2025.

The asset allocation of the First Sentier ex-20 Australian Share managed fund is :

Australian Equities
98.69%
Cash
1.31%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the First Sentier ex-20 Australian Share managed fund is The Trust Company (RE Services) Limited.

The First Sentier ex-20 Australian Share managed fund belongs to the Equity Australia Mid/Small Growth sector/asset class.

As at 12 Sep 2025, the size of the First Sentier ex-20 Australian Share managed fund was $108.66 million.

The First Sentier ex-20 Australian Share managed fund has an inception date of 16 Sep 2019.

The current entry price of the First Sentier ex-20 Australian Share managed fund is $1.7312 per unit and the current exit price is $1.7262 per unit (as at 12 Sep 2025).

The current exit price of the First Sentier ex-20 Australian Share managed fund is $1.7262 per unit and the current entry price is $1.7312 per unit (as at 12 Sep 2025).

The minimum initial investment amount for the First Sentier ex-20 Australian Share managed fund is $20,000. Minimum additional investment is $0.

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.