Elston Australian Large Companies Fund – Class A
Features
Information
Investment minimums
Fees
Platform Availability
Investment Objective
The portfolio aims to outperform the S&P/ASX 100 Accumulation Index by 2.0% p.a. (after fees) over rolling five-year periods.
Investment Strategy
This is an actively managed portfolio of predominantly ASX listed businesses. The strategy's investment universe is all businesses within the S&P/ASX 100 index (at the time of investment), with a maximum of 25% of the portfolio invested in companies outside the S&P/ASX 50 index. The portfolio holds between 20 and 35 holdings and can hold up to 10 per cent in cash; however, the portfolio is expected to be fully invested a majority of the time.
Research House Ratings
RatingPortfolio Managers
Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the Elston Australian Large Companies Fund ARSN 628 258 935. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). This publication has been prepared by Elston Asset Management Pty Ltd (“Elston”), a Corporate Authorised Representative of EP Financial Services Pty Ltd (ACN 130 772 495, AFSL 325 252), to provide you with general information only. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Elston, Equity Trustees nor any of its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product.
Lonsec
The rating issued 10/2024 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.
Investments can go up and down. Past performance is not a reliable indicator of future performance.
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Sector Allocation as at 30/4/2025
| Health Care | 19.55% | |
| Diversified Financials | 18.31% | |
| Materials | 13.75% | |
| Consumer Discretionary | 13.11% | |
| Communications | 9.38% | |
| Industrials | 8.05% | |
| Consumer Staples | 6.38% | |
| Energy | 4.34% | |
| Real Estate | 3.38% | |
| Cash | 3.76% |
Actual vs Target Asset Allocation as at 30/4/2025
Actual Sector Versus Benchmark as at 30/4/2025
Top 10 Holdings as at 30/04/2025
Highlights
− The S&P/ASX 300 Accumulation Index returned +3.6% and the MSCI ACWI Ex Australia NR Index (A$) -1.8%.
− In fixed income, the Bloomberg AusBond Composite 0-5Yr TR Index returned +1.2% and the Bloomberg Global Aggregate TR Hedged Index +0.9%.
− The A$ rose +2.7% to $0.640.
− Within the Australian equities, the strongest sector performers were Information Technology (+7.3%), Communication Services (+7.0%) and Consumer Discretionary (+6.9%) while Energy (-8.4%), Materials (+0.4%) and Utilities (+1.9%) were the weakest performers. Large Caps (S&P/ASX 100) +3.8% outperformed Small Caps (S&P/ASX Small Ordinaries) +1.8%.
− Within the International equities, North America (MSCI North America AUD) -2.9% underperformed Europe (MSCI Europe AUD) +1.6% while Developed Markets (MSCI World AUD) -1.7% underperformed Emerging Markets (MSCI EM AUD) -1.3%.
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