Registry LOGINFund overview
Started in 2002, the All Industrials Share Fund is co-managed by Michael O’Neill and Daniel Moore. It follows IML’s proven quality and value investment philosophy to identify and invest in high-quality, non-resources companies listed on the ASX300 at reasonable valuations.
- Suitable for: investors wanting capital growth and income with no exposure to resources
- Invests in: 40-60 high-quality, non-Resources companies listed on the ASX
- Investment timeframe: 4+ years
- Investment objective: exceed the returns of the S&P/ASX 300 Industrial Accumulation index on a rolling four-year basis.
Fund Facts
| Portfolio Managers | Michael O'Neill & Daniel Moore |
| Benchmark | S&P/ASX 300 Industrial Accumulation Index |
| Inception | 1 May 2002 |
| ARSN | 093 182 195 |
| APIR | IML0004AU |
| Distribution frequency | Generally semi-annually |
| Peformance fee | nil |
| Management fee | 0.993% p.a. of the net assets of the fund (includes net effect of GST) |
Performance
Fund returns are calculated net of management fees, assuming all distributions are reinvested with no allowance for tax.
| 1mth | 3mth | 6mth | 1yr | 2yrs^ | 3yrs^ | 5yrs^ | 10yrs^ | Since inception^ |
|
|---|---|---|---|---|---|---|---|---|---|
| Income | 0.0% | 0.0% | 5.9% | 8.8% | 7.0% | 8.2% | 6.2% | 7.1% | 6.1% |
| Growth | -0.7% | -0.9% | 0.8% | 11.3% | 1.9% | -1.9% | -0.8% | -0.9% | 2.1% |
| Total Return | -0.7% | -0.9% | 6.7% | 20.1% | 8.9% | 6.3% | 5.4% | 6.2% | 8.2% |
| Benchmark* | -0.3% | 2.0% | 12.4% | 34.6% | 14.9% | 7.0% | 7.8% | 8.2% | 8.4% |
^ Performance per annum
* The benchmark for this fund is the S&P/ASX 300 Industrial Accumulation Index.
Fund returns are calculated using the exit price, net of management fees, assuming all distributions are reinvested with no allowance for tax. Past performance is not a reliable indicator future performance.
Sector and stocks
| Company Name | ASX code | Sector | % weight |
|---|---|---|---|
| National Australia Bank Limited | NAB | Financials | 9.6% |
| CSL Limited | CSL | Health Care | 7.8% |
| Telstra Group Limited | TLS | Communication Services | 7.2% |
| Westpac Banking Corporation | WBC | Financials | 6.8% |
| Brambles Limited | BXB | Industrials | 6.0% |
| Commonwealth Bank of Australia | CBA | Financials | 5.8% |
| Suncorp Group Limited | SUN | Financials | 4.6% |
| Steadfast Group Limited | SDF | Financials | 4.3% |
| Aurizon Holdings Limited | AZJ | Industrials | 4.2% |
| Charter Hall Retail REIT | CQR | Real Estate | 4.1% |
Fund holdings as at 31 Oct 2024
Unit Prices
| Date | Entry | Exit |
|---|---|---|
| 21 Nov 2024 | $1.6514 | $1.6432 |
| 20 Nov 2024 | $1.6450 | $1.6368 |
| 19 Nov 2024 | $1.6590 | $1.6508 |
| 18 Nov 2024 | $1.6463 | $1.6381 |
| 15 Nov 2024 | $1.6456 | $1.6374 |
These are historical entry and exit prices, based upon our most recent valuation, however you may not receive these prices should you apply for, or redeem units on or after the time of this communication. Cut-off times for applications and redemptions are set out in the product disclosure statement of the fund.
Distribution information
| Period ending | Amount (cents per unit) |
|---|---|
| June 2024 | 8.9512 cpu |
| December 2023 | 3.0000 cpu |
| June 2023 | 7.9911 cpu |
| December 2022 | 1.1828 cpu |
| June 2022 | 12.5755 cpu |
| December 2021 | 4.0000 cpu |
| June 2021 | 0.9234 cpu |
| December 2020 | 1.2000 cpu |
For more information please refer to our Performance page – distributions and reports.
Past performance is not a reliable indicator of future performance as a result past distributions are not indicative of future distributions.
Past performance is not a reliable indicator of future performance as a result past distributions are not indicative of future distributions.
| Franking level (%) | ||||
|---|---|---|---|---|
| FY23 | FY22 | FY21 | FY20 | FY19 |
| 51.4% | 25.2% | 124.1% | 57.9% | 35.3% |
This is not tax advice. it is important that you seek professional taxation advice that takes into account your particular circumstances before you invest or deal with your investment.
Ratings and awards
Zenith - Recommended
How to invest
Direct investors can click Invest Now for a step-by-step guide to investing with IML. The Industrials Share Fund is also available on the following platforms:
AMP North | ANZ/IOOF Oasis | Asgard | BT Panorama | CFS Firstwrap | Growwrap | Hub 24 | Insignia Expand | Insignia Pursuit | Insignia Rhythm | Macquarie Wrap | Mason Stevens | Netwealth | Portfolio Care | Powerwap | Praemium | Sandhurst | Dash
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned 24 June 2024) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines
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. © 2022 Lonsec. All rights reserved.
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