Australian Equities Fund

Overview

The fund aims to achieve positive long-term returns by investing mostly in Australian shares, and can invest in New Zealand listed shares, where the company has meaningful operations in Australia. These investments typically have very high levels of movement up and down in value.

Divider

Australian Equities Fund of the Year

We are pleased to announce that Octagon Asset Management has won the coveted "Australian Equities Fund of the Year" award at the Research IP 2023 Fund Manager of the Year awards.
Research IP FMOY 2023 Australian Equities Winner Octagon Australian Equities Fund

Unit Price

Month End Unit Price

As at 31 Mar 2024

1.8510 NZD

The unit prices shown do not take into account any adjustment for any accrued PIE tax that individual investors may need to pay on withdrawal. Buy/sell spreads may apply when transacting - there are currently none.

Divider

Manager's Comment

How did your portfolio perform?

The Australian Equities Fund delivered a gross return of 4.80% during March, slightly outperforming the funds benchmark return of 4.39% by 0.42%.

For the 12 months to the end of March the Octagon Australian Equities fund delivered a gross return of 18.27%, outperforming the funds market index return of 16.28% by 1.99%.

Major Investments

As at 31 Mar 2024
Company name % of fund
BHP Group Limited 8.37%
CSL Limited 7.35%
Commonwealth Bank of Australia Limited 5.26%
Westpac Banking Corporation 4.33%
National Australia Bank Limited 3.72%
Australia and New Zealand Banking Group Limited 3.46%
Macquarie Group Limited 3.00%
Santos Limited 2.69%
Telstra Group 2.61%
Wesfarmers Limited 2.60%
Major holdings as % of total portfolio 43.39%

Performance over time

Return Comparison

As at 31 Mar 2024
1 Month 3 Months 1 Year *3 Years *Since commenced operation
Net Fund Return 1 Month 4.72% 3 Months 7.49% 1 Year 16.94% *3 Years 10.58% *Since commenced operation 4.07%
Gross Fund Return 1 Month 4.80% 3 Months 7.79% 1 Year 18.27% *3 Years 11.87% *Since commenced operation 5.39%
S&P/ASX Accumulation 200 Index (50% Hedged to the NZD) 1 Month 4.39% 3 Months 6.12% 1 Year 16.28% *3 Years 10.16% *Since commenced operation 6.67%

*Annualised
Net Fund Returns are calculated before deduction of taxes but after deduction of fund charges and trading expenses and including imputation credits where available. Prior to October 2022 Net Fund Returns were calculated after deduction of fund charges, trading expenses and accrued tax for a New Zealand resident paying individual tax at the highest Prescribed Investor Rate (28%). Gross Fund Returns are calculated before deduction of taxes and fund charges but after deduction of trading expenses and including imputation credits where applicable. Market index returns do not have any deductions for fund charges, trading expenses or tax.

The S&P/ASX Accumulation 200 Index (“Index”) is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Forsyth Barr Limited. Copyright © 2015 S&P Dow Jones Indices LLC, a subsidiary of McGraw Hill Financial Inc., and/or its affiliates. All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

Divider

Fund update

As at 31 March 2024

This document tells you how the Australian Equities Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. (Please note that this fund was previously known as the Forsyth Barr Australian Equities Fund, and that Fund Updates may refer to the fund by that name.)
icon cta files dark 2png

General Fund Information

Risk indicator

Potentially lower returns
Potentially higher returns
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Lower risk
Higher risk

The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the relevant fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The risk indicator is based on the returns data for the five years to 31 December 2023. See more information about the risks of investing in the Product Disclosure Statement.

Target investment mix

Cash and cash equivalents 5.00%
New Zealand fixed interest 0.00%
International fixed interest 0.00%
Australasian equities 85.00%
International equities 0.00%
Listed property 10.00%

Things to note

  • Manager: Forsyth Barr Investment Management Limited
  • Investment manager: Octagon Asset Management Limited
  • Date the fund started: 26 June 2008
  • Tax status: Portfolio Investment Fund (PIE)
  • Minimum suggested investment time frame: At least five years
  • Benchmark: None
  • Currency: New Zealand dollars

View the Product Disclosure Statement for detailed information about this Fund and Octagon Investment Funds Scheme.

Fees

  • Annual fund charges are currently 1.15% p.a. of the value of your investment. We pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.

Fund Manager of the Year Awards were announced by Research IP on 15 November 2023. These awards should not be read as a recommendation by Research IP. For further advice on the relevance of this award to your personal situation, please consult your financial adviser, or visit http://research-ip.com/awards.

Forsyth Barr Investment Management Limited is the issuer and Octagon Asset Management Limited the investment manager of the Octagon Investment Funds. The comments on this webpage do not take your personal circumstances into account. Before acting on any information on this webpage, we recommend you seek financial advice. Past performance is not a reliable guide to future performance. Forsyth Barr Investment Management Limited, Octagon Asset Management Limited and their affiliates do not make any representation or warranty (express or implied) that this webpage 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 webpage. This webpage is not intended to be distributed or made available to any person in any jurisdiction where doing so would constitute a breach of any applicable laws or regulations.

How to invest in Octagon funds

Becoming an Octagon client is straightforward. Get started today.