Unit Price 16 May 2024:
Entry $1.6229
|
Exit $1.6149
Performance Since Inception at 30 Apr 2024 8.1% pa

Fund 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.

Net Performance as at 30 Apr 2024
1mth 3mth 6mth 1yr 2yrs^ 3yrs^ 5yrs^ 10yrs^ Since
inception^
Income 0.0% 0.0% 2.1% 7.0% 7.9% 6.5% 6.2% 6.7% 6.0%
Growth -3.9% -0.3% 10.4% -2.8% -4.5% 0.0% -1.4% -0.6% 2.1%
Total Return -3.9% -0.3% 12.5% 4.2% 3.4% 6.5% 4.8% 6.1% 8.1%
Benchmark* -4.0% 2.2% 19.7% 11.5% 5.5% 6.3% 7.1% 7.5% 8.0%

^ 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.

Disclaimer: This graph represents the dollar value of your investment if you had invested $10,000 (or your chosen amount) given your chosen time horizon versus the benchmark for the Fund with the same dollar value invested and time horizon. The fund dollar value is based upon performance for the fund, which has been calculated using the exit price, net of management fees and assuming the reinvestment of distributions. No allowance has been made for tax. The RE does not guarantee the performance of any Fund, repayment of capital or any particular rate of return. Past performance is not a reliable indicator future performance. Returns can be volatile, reflecting rises and falls in the value of the underlying investments. Investors should seek independent advice as to the suitability of the Fund to their investment needs. This is general information only and does not take into account your objectives, financial situation or needs.

Sector and stocks

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc, (“MSCI”) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”) and is licensed for use by [Licensee]. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or impIied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any or such standard or classification, Without limiting any or the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Company Name ASX code Sector % weight
National Australia Bank Limited NAB Financials 9.5%
CSL Limited CSL Health Care 8.8%
Telstra Group Limited TLS Communication Services 6.9%
Westpac Banking Corporation WBC Financials 5.5%
Steadfast Group Limited SDF Financials 4.8%
Aurizon Holdings Limited AZJ Industrials 4.8%
Orica Limited ORI Materials 4.7%
Suncorp Group Limited SUN Financials 4.7%
Commonwealth Bank of Australia CBA Financials 4.5%
Brambles Limited BXB Industrials 4.3%

Fund holdings as at 30 Apr 2024

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc, (“MSCI”) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”) and is licensed for use by [Licensee]. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or impIied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any or such standard or classification, Without limiting any or the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

Unit Prices

Date Entry Exit
16 May 2024 $1.6229 $1.6149
15 May 2024 $1.6057 $1.5977
14 May 2024 $1.6049 $1.5969
13 May 2024 $1.6090 $1.6010
10 May 2024 $1.6055 $1.5975

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.

IML does not guarantee the performance of any Fund, repayment of capital or any particular rate of return. Performance returns are calculated using the exit price, net of management fees and assuming the reinvestment of distributions. No allowance is made for tax. Past performance is not a reliable indicator of future performance. Returns can be volatile, reflecting rises and falls in the value of the underlying investments. Investors should seek independent advice as to the suitability of the Fund to their investment needs. This is general information only and does not take into account your objectives, financial situation or needs.

Distribution information

Period ending Amount (cents per unit)
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
June 2020 3.2597 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

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 29 June 2023) 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 09/2023 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.

Jason Guthrie & Bruce Du
Michael, Tuan, Lucas, Simon of IML with Money Management finalist badges
Louise Watson and Daniel Moore
Simon Conn and Jason Guthrie on IML podcast
Jason Guthrie and Daniel Moore on IML podcast
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