AUT
Australian Equity Fund
Seeking high-quality Australian companies undervalued by the market.

Class S PDS

Class I PDS

Fund Profile
APIR ETL0328AU
PERFORMANCE REPORT
PDS
QUARTERLY REVIEW
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Risk & Reward?
Low Med High
Data as of: 14-Oct-2021
1YR Return
(Annualised)
30.03%
Data as of: 30-Sep-2021
NAV
(AUD)
$1.52
Data as of: 14-Oct-2021
3YR Return
(Annualised)
8.85%
Data as of: 30-Sep-2021

Overview
Strategy
Fund Summary
Seeks long-term capital appreciation in a diverse portfolio of Australian equities.
SMALL-CAP
MID-CAP
LARGE-CAP

36
Holdings

Style
Quality Growth
Risk & Reward Data
Information Ratio
0.07
Sharpe Ratio
0.57
Historical Tracking Error
3.28%
Performance - Net of Fees
Current Year Performance
MTD
-1.05%
Benchmark
-0.27%
Excess Return

-0.78%
QTD
-1.05%
Benchmark
-0.27%
Excess Return

-0.78%
YTD
16.24%
Benchmark
14.51%
Excess Return

1.73%
Data as of 14-Oct-2021
1 Month
-1.95%
Benchmark
-1.85%
Excess Return

-0.10%
3 Months
3.16%
Benchmark
1.71%
Excess Return

1.45%
Data as of 30-Sep-2021
 
Annualised Performance
1 YR
30.03%
Benchmark
30.56%
Excess Return

-0.53%
3 YR
8.85%
Benchmark
9.65%
Excess Return

-0.80%
5 YR
10.66%
Benchmark
10.42%
Excess Return

0.24%
Inception
10.59%
Benchmark
10.19%
Excess Return

0.40%
Manager Inception
10.59%
Benchmark
10.19%
Excess Return

0.40%
Data as of 30-Sep-2021
Benchmark : S&P/ASX 200 Index
Fund Inception: 26-Apr-2012
Manager Inception: 26-Apr-2012
Holdings
Total
Holdings
36
Largest
Bhp
8.17%
Was ( 30-Jun-2021 )

9.26%
Top 10
52.86%
Contributor
Aristocrat Leisure
By 0.81%
% of fund
6.01%
Detractor
Bhp
By -2.72%
% of fund
8.17%
Purchase
Coles (N)
5.43%
Was ( 30-Jun-2021 )
0.00%
Sale
Domain Holdings Australia (E)
0.00%
Was ( 30-Jun-2021 )
3.89%
Data as of 30-Sep-2021
Sectors
Total
Sectors
10
Largest
Consumer Discretionary
22.31%
Was ( 31-Aug-2021 )
21.93%
Contributor
Consumer Discretionary
By 1.65%
Sector
0.05%
Selection
1.60%
Detractor
Industrials & Business Services
By -0.54%
Sector
-0.00%
Selection
-0.54%
Data as of 30-Sep-2021
Over
Consumer Discretionary
By 14.04%
Fund
22.31%
Benchmark
8.27%
Under
Financials
By -11.96%
Fund
19.17%
Benchmark
31.13%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Benchmark : S&P/ASX 200 Index

Team
Randal Jenneke,
Head of Australian Equities
Randal Jenneke is a portfolio manager and head of Australian equities in the International Equity Division.
Head of Australian Equities since
2012
Years at
T. Rowe Price
10
Years investment experience
29
Samuel P. Ruiz,
Portfolio Specialist
Samuel P. Ruiz is a Portfolio Specialist in the Equity Division at T. Rowe Price, representing the firm's global and Australian equity portfolio managers to clients, consultants and prospects.
Years at T. Rowe Price
1
Years investment experience
12
How to Invest
APIR Minimum Initial Investment (AUD) Minimum Subsequent Investment (AUD) Buy / Sell Spread Management Fees1
ETL0328AU $500,000 $100,000 Buy +0.10%/Sell -0.10% 0.60% pa

Benchmark Data Source: Standard & Poor's. Benchmark returns are shown with gross dividends reinvested.

Source for performance: T Rowe Price. Net of fees performance is based on end of month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Daily performance (MTD, QTD, and YTD) data is based on the latest available NAV minus one business day.

1The Management Fee for the T. Rowe Price Australian Equity Fund is 0.60% p.a. and the Indirect Cost is 0.00% p.a. Full details of other fees and charges are available within the Fund's Product Disclosure Statement and Reference Guide.

The specific securities identified and described in this website do not represent all of the securities purchased or sold for this fund. This information is not intended to be a recommendation to take any particular investment action and is subject to change. No assumption should be made that the securities identified were or will be profitable.

Unless otherwise specified, all fund ratings, awards and data are as of 30-Sep-2021 and sourced from T. Rowe Price. 

The Morningstar rating is sourced from Morningstar.

©2021 Morningstar, Inc.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298 AFSL 240975) is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Stock Exchange (ASX:EQT). Equity Trustees and T. Rowe Price Australia Limited ("TRPAU") (ABN: 13 620 668 895 and AFSL: 503741) are, respectively, the responsible entity and investment manager of the T. Rowe Price Australian Unit Trusts. A Target Market Determination for each T. Rowe Price Australian Unit Trust (or class of units in a Trust) is available here (http://www.eqt.com.au/insto). A Target Market Determination is a document which is required to be made available from 5 October 2021. It describes who the financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where Equity Trustees Limited, the responsible entity of the T. Rowe Price Australian Unit Trusts may need to review the Target Market Determination for the financial product.

For Wholesale Clients only.

Past performance is not a reliable indicator of future performance. The price of any fund may go up or down. Investment involves risk including a possible loss to the principal amount invested. For general information purposes only, does not take into account the investment objectives, financial situation or needs of any particular investor. For further details, please refer to each fund's product disclosure statement and reference guide which are available from Equity Trustees (www.eqt.com.au/insto) or TRPAU (www.troweprice.com.au).

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.