Morningstar Australian Shares B - Managed Fund

Fund Objective

Aims to maximise outperformance relative to the benchmark over rolling 7 year periods by investing predominantly in listed Australian shares.

Fund Strategy

The Fund invests predominantly in listed Australian shares with the aim of producing superior long-term total returns relative to the benchmark. To achieve this aim, Morningstar constructs a well-diversified portfolio of companies that exhibit desirable fundamental quality and/or value characteristics.

Fund Performance Comparison

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Peers

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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.

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Fees Comparison

% p.a.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	3.68%	8.19%	12.17%	14.02%	15.38%	13.82%	10.18%	8.73%
Growth return	3.68%	7.03%	9.61%	9.18%	10.73%	9.1%	5.98%	5.08%
Income return	0%	1.16%	2.56%	4.84%	4.65%	4.72%	4.2%	3.65%
Market index (S&P/ASX 200 TR AUD)
Total return	3.1%	7.03%	11.65%	14.74%	14.82%	13.04%	12.32%	9.87%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Morningstar Australian Shares B

Australian Equities: 95.79%

International Equities: 1.76%

Cash: 2.44%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.73%

International Equities: 4.83%

Cash: -0.80%

Property & Infrastructure: 1.41%

Fixed Interest: 0.26%

Alternatives: 0.58%

General Information

Fund Details

Type	Description
Fund Name	Morningstar Australian Shares B (Wholesale)
Responsible Entity	Morningstar Investment Management Austra
APIR Code	INT0023AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	7 Jul 2000
Fund Size	$134.71 million (as at 31 Aug 2025)
Entry Price	$1.49541 (as at 11 Sep 2025)
Exit Price	$1.49443 (as at 11 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.36% (as at 30 Sep 2023)
Indirect Cost Ratio (ICR)	0.36% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0
Minimum initial investment	$500,000
Minimum additional investments	$100,000

Top 10 holdings (as at 31 Aug 2025)

Holding (as at 31 Aug 2025)	Type	% of Portfolio
BHP Group Ltd	Equity	8.08%
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FAQs about the Morningstar Australian Shares B

What is the objective of the Morningstar Australian Shares B managed fund?

The objective of the Morningstar Australian Shares B managed fund is Aims to maximise outperformance relative to the benchmark over rolling 7 year periods by investing predominantly in listed Australian shares.

What is the strategy for the Morningstar Australian Shares B managed fund?

The strategy of the Morningstar Australian Shares B managed fund is The Fund invests predominantly in listed Australian shares with the aim of producing superior long-term total returns relative to the benchmark. To achieve this aim, Morningstar constructs a well-diversified portfolio of companies that exhibit desirable fundamental quality and/or value characteristics.

What is the APIR code of the Morningstar Australian Shares B managed fund?

The APIR code of the Morningstar Australian Shares B managed fund is INT0023AU.

What was Morningstar Australian Shares B’s total return last month?

Morningstar Australian Shares B’s total return last month was 3.68%. This was made up of a growth return of 3.68% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What was Morningstar Australian Shares B’s total return for the last three months?

Morningstar Australian Shares B’s total return for the last three months was 8.19%. This was made up of a growth return of 7.03% and an income return of 1.16%%. These returns were calculated as at 31 Aug 2025.

What is Morningstar Australian Shares B’s one-year total return?

Morningstar Australian Shares B’s one-year total return is 14.02%. This was made up of a growth return of 9.18% and an income return of 4.84%. These returns were calculated as at 31 Aug 2025.

What is Morningstar Australian Shares B’s three-year total return?

Morningstar Australian Shares B’s one-year total return is 13.82%. This was made up of a growth return of 9.1% and an income return of 4.72%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the Morningstar Australian Shares B managed fund?

The asset allocation of the Morningstar Australian Shares B managed fund is :

Australian Equities: 95.79%

International Equities: 1.76%

Cash: 2.44%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Morningstar Australian Shares B managed fund?

The Responsible Entity for the Morningstar Australian Shares B managed fund is Morningstar Investment Management Austra.

What sector/asset class does the Morningstar Australian Shares B managed fund belong to?

The Morningstar Australian Shares B managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the Morningstar Australian Shares B managed fund?

As at 31 Aug 2025, the size of the Morningstar Australian Shares B managed fund was $134.71 million.

What is the inception date of the Morningstar Australian Shares B managed fund?

The Morningstar Australian Shares B managed fund has an inception date of 7 Jul 2000.

What is the current entry price of the Morningstar Australian Shares B managed fund?

The current entry price of the Morningstar Australian Shares B managed fund is $1.49541 per unit and the current exit price is $1.49443 per unit (as at 11 Sep 2025).

What is the current exit price of the Morningstar Australian Shares B managed fund?

The current exit price of the Morningstar Australian Shares B managed fund is $1.49443 per unit and the current entry price is $1.49541 per unit (as at 11 Sep 2025).

What is the minimum investment amount for the Morningstar Australian Shares B managed fund?

The minimum initial investment amount for the Morningstar Australian Shares B managed fund is $500,000. Minimum additional investment is $100000.

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.

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