Summer Australian Equities

Summer Australian Equities fund performance summary as at 31 August 2021. 

Fund at a glance

Unit price (as at 31 August 2021): $1.5373

Date the fund started: 19 September 2016

For information on fees, see our Fees page.

For more information on the Summer Australian Equities fund, read the latest quarterly fund update and the product disclosure statement

Fund objective and strategy

See the Australian Equities page for the Summary of investment objective and strategy.

Fund returns

PIR Total since inception (annualised) 1 Month 3 Month 1 Year 3 Years^
28% 8.20% 1.91% 4.14% 20.47% 5.26%
17.50% 8.58% 2.02% 4.29% 21.03% 5.63%
10.50% 8.83% 2.09% 4.39% 21.40% 5.87%

 ^ Annualised

Fund returns are calculated net of fund charges, tradi8ng expenses and accrued tax for a New Zealand resident individual paying tax at the Prescribed Investor Rate identified above. 

Top 10 investments

  Asset name % of fund net assets
1 CSL Limited 8.16%
2 Westpac Banking Corporation Ltd 5.74%
3 BHP Group Limited 5.22%
4 Commonwealth Bank of Australia Limited 4.40%
5 National Australia Bank Ltd 2.95%
6 Australia and New Zealand Banking Group Limited 2.92%
7 Rio Tinto Ltd 2.57%
8 Telstra Corp 2.43%
9 JP Morgan Chase & Co. AUD Cash Deposit 2.24%
10 Wesfarmers Limited 2.21%

The top 10 investments make up 38.84% of the fund.

Manager's Commentary

We actively manage the fund’s foreign currency exposures. As at 31 August 2021, the fund’s foreign currency exposures represented 98.77% of the value of the fund. After allowing for foreign currency hedges in place, approximately 59.33% of the value of the fund was unhedged and exposed to foreign currency risk.

The next Manager’s commentary will be included in the September Performance Summary (available October 2021).

 

 

This is not a recommendation to buy or sell any financial product and does not take your personal circumstances into account. All opinions reflect our judgement on the date of communication and may change without notice. Past performance is not a reliable guide to future performance. We recommend you take financial advice before making investment decisions. We have prepared this web page in good faith based on information obtained from other sources, but we do not guarantee the accuracy of that information. We do not make any representation or warranty (express or implied) that this web page is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this web page.