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Fund Features

Safeguarding super’s purpose will ensure Australia's world-class superannuation industry continues meeting the needs of future generations.

SMSFs have gone from a seemingly inconsequential stoke of Paul Keating's fountain pen to the mainstay of retirement planning for over one million Australians.

Our monthly update detailing the short- and long-term performance of major indices.

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

Tracking error is the equivalent of replaying race footage to see how closely two cars followed each other during the race.

Should Jack Bogle have lamented his subsequent creation?

With the energy transition set to take decades, avoiding traditional energy investments is immoral, according to Rajiv Jain, chief investment officer at the $100 billlion GQG Partners.

Investing in energy and fossil; Retirement stocks; Inflation impact; Preferential voting; Retiree miss; The new 'Don't fight the Fed'; Investing 101.

The Global Financial Crisis, Covid and this year’s selloff all caught many stock pickers off guard.

A low growth world will be a tailwind for battered growth stocks, according to the fund manager.

Timing mistakes; Democracy and our sausage; Retirement and generation winners; Crypto crash; Is this time different? Cash in hand; Putin review.

How low can ARK Innovation go?

Our monthly update detailing the short- and long-term performance of major indices.

A year after promising investors "golden eggs", Softbank is talking cash and getting defensive.

Pace of outflows slows as downside protection kick in.

Money flowing into sustainable funds nearly eclipsed flows into broad-market equivalents in the first quarter.

A commodity boom and rising interest rates have humbled technology stocks and handed outperformance to those betting on the real economy.

Move over the US, there's a new second-biggest climate funds market in town.

Conservative investors who want the greater capital security of bonds can now lock in 5% but they should stay at the higher end of credit quality. Rises in rates and defaults mean it's not as easy as it looks.

Active managers should be having a crack. Nobody should pay high fees for a low tracking error fund.

Collapsing bond prices have analysts predicting a third great bond bear market. Amid accelerating inflation and interest rates, is it time for fixed income investors to head for the exits?

It's not a good look for financial advisers and stockbrokers.

Why invest in an unlisted fund when the listed version of the same fund is priced at a discount? Why hold a listed version at a premium when the unlisted version is cheaper? Find the best way to invest.

Investors hesitate about buying into the double digit losses recorded by technology and other growth stocks.

Government bonds present tricky questions for fund managers to address when applying ESG principles.

We prefer moat-focused managers like Magellan and holding companies like Pinnacle.

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

Investors can invest in the funds of our leading fund managers, or they can invest in the business itself. The success of the fund manager is 'twinned' to the performance of the fund, but what type of twins are they?

Investors in emerging-markets equity funds are getting hit with a one-two punch.

Uncertainty, inflation expectations, interest-rate forecasts, geopolitical risks, and the global pandemic are all presenting investment considerations.

Cathie Wood says ARKK is a “deep value” fund now. But Morningstar’s data shows it's still a growth fund, just with stocks that are struggling.

We highlight female portfolio managers that are managing money in Australia.

Including arms and defence contractors in ESG funds in response to Ukraine could be a grave error and one that risks compromising decades of progress.

Here's what managers of Morningstar Medalist funds are saying about the outlook for Russian stocks.

Russian exposure is not widespread among active managers. Only 13 strategies in our global equities database hold greater than 5% portfolio exposure.

Analysts praised Vanguard's committment to putting investors first.

High Conviction fund is no longer expected to beat the category benchmark.

Morningstar Prospects allows analysts to share what they believe are the most promising members of their research "bench".

Yield-focused strategic-beta ETFs were the most susceptible.

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

Apparently, Listed Investment Companies trading at a discount to NTA are both the best and worst of worlds. Exciting opportunities or not in the best interests of investors?

When inflation arrived, they slept.

Sustainable funds in Australia continue to break records for investor inflows.

Use our searchable table to find how your fund has performed this year.

Morningstar looks into the three largest ESG friendly international equity ETFs.

Strategies run by Magellan, Hyperion and Lakehouse are among those caught up in the Meta selloff.

Bad luck is only half the reason

Sustainable investing isn't a craze, and sustainable investors aren't naive.

Give managed funds their due but which will be the long-term winner?

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

Companies that scored the strongest on environmental, social, and governance metrics saw some of the highest returns in 2021.

What an unexpected ride it has been!

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

A stumble or two should not send a man to the gallows.

Sometimes it’s an exaggeration of ESG intentions, but greenwashing can also stem from different definitions of sustainability.

When stars vanish: A look at key person risk

There's a massive gap between reported total returns and investors’ actual results.

Two takes on the climate change and clean energy thematic.

The focus is on Magellan for its investment performance and departure of the CEO, but Douglass says the pandemic, inflation, rising rates and Middle East tensions have not played out.

The Vanguard of today is different to the company that its founder Jack Bogle built

While some LIC managers across the country nervously wait for hostile approaches, others are learning to adapt and survive.

Investors are entitled to know how their money is being invested, writes Emma Rapaport.

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

The fund’s structure can lead to higher distributions and taxes for investors.

Interest in thematic funds is breaking trading volume records on the ASX.

Multi-asset investors have more choice for lower fees

The new regulations offer little value to Australian investors and do not exceed the lowest bar Morningstar sees in any disclosure regulations in other global markets.

The unusual structure of the Chinese market means the answer depends on where you’re investing.

Flows into Australian sustainable investments continue to grow in Q3 2021.

Flows into Australian sustainable investments continue to grow.

Search our table to see how much your ETF’s holdings depend on China.

A framework for finding the right climate fund for you

Sometimes it’s an exaggeration of ESG intentions, but greenwashing can also stem from different definitions of sustainability.

As the UN climate summit approaches, head of policy and advocacy at Impax Asset Management Chris Dodwell reflects on the action needed to get on track for global net zero.

Morningstar analysts have left the boutique asset manager's parent rating unchanged.

Investors can’t expect the same level of returns for low risk.

Twelve prominent asset managers weigh in on what they hope to see at the major climate summit in Glasgow next week.

A strong quarter has begun the healing process after years of underperformance for energy.

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

Some index providers screen large caps for low debt, sustainable earnings and returns on equity.

Investment management fees and costs.

Simon Shields converted his LIC into an active ETF in June and has no regrets.

The fund manager remains significantly undervalued.

The rapid growth of ESG investment options in recent years has increased the burden for fund selectors and investors who want to build ESG portfolios.

The troubled real estate developer has been issuing bonds through its listed entity, as well as through subsidiaries. What’s the real Evergrande representation in portfolios?

More...

Fund Styles

Large Value

About this style

These Funds own mostly larger-sized companies the fund manager believes are overlooked by the market and trading relatively cheaply

Fund Example Morningstar
Rating
Net Assets
$mil
1 y% 3y%
105.31 -- --

More info on this example...

10 Top Tens

Multisector Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
AustralianSuper Balanced 5 -2.98 2.56 7.83
CFS W Enhanced Index Growth 4 0.22 2.08 7.00
AustralianSuper Conservative Balanced 4 -3.00 1.01 5.61
CFS W Enhanced Index Balanced 4 -0.65 0.95 6.09
CFS Index Growth A 0 -4.68 0.63 --
AMP SigSup-Balanced Index 3 -4.52 0.13 5.22
BT Index Balanced 4 -5.23 0.12 5.78
Australian Ethical Balanced (Acc) 4 -6.03 -0.04 6.31
North Index Balanced 4 -5.54 -0.05 6.18
MLC Wholesale Index Plus Balanced 3 -4.82 -0.22 5.86
Multisector Balanced
Fund Name Morningstar
Rating
6m% 1y% 3y%
ART Super Savings Retirement 5 -1.36 3.53 5.63
IPAC Income Generator 3 1.24 2.63 4.27
CFS FC Multi-Index Moderate-Class A 5 -1.00 0.46 5.50
AustralianSuper Stable 3 -2.45 0.05 3.55
CBUS Super Conservative Growth 0 -3.53 -0.35 4.75
CFS W Enhanced Index Diversified 4 -1.60 -0.43 4.36
CFS W Index Moderate 0 -4.70 -0.74 --
CFS Index Diversified A 0 -4.43 -1.08 --
MLC Wholesale Index Plus Cons Growth 4 -4.23 -1.11 4.20
MLC Wholesale Horizon 3 - Cons Grwth 3 -3.72 -1.21 4.04
Australian Large Value
Fund Name Morningstar
Rating
6m% 1y% 3y%
Lazard Select Australian Equity W Cl 4 20.61 28.41 7.29
Allan Gray Australia Equity A 3 13.19 16.16 7.25
Perpetual W Share Plus L/S 5 13.31 14.85 11.71
Perpetual Wholesale Concentrated Equity 4 8.61 10.58 8.92
MLC Wholesale IncomeBuilder 3 6.71 9.94 6.63
Tyndall Australian Share Wholesale 2 8.80 9.71 7.75
Dimensional Australian Value Trust 4 12.03 9.24 9.19
Realindex Australian Share-Class A 5 8.07 8.61 9.12
Investors Mutual WS Australian Share 4 3.95 8.10 5.34
Perennial Value Shares Wholesale Trust 3 5.36 7.95 9.02
Australian Large Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
Schroder Equity Opportunities Fund - WC 4 8.00 13.28 9.34
DNR Capital Aus Eq High Conviction 4 4.42 11.14 12.86
Solaris Australian Equity Long Short Fd 2 5.74 11.08 5.58
Schroder Australian Equity Fund - PC 3 6.97 10.77 8.54
Vanguard High Yield Australian Shares 3 11.25 9.07 8.80
Dimensional Aust Large Company Trust 4 3.64 6.89 8.11
Dimensional Australian Core Equity Trust 3 2.39 6.83 8.58
Fidelity Australian Equities 5 -0.48 6.06 10.21
Solaris Core Australian Equity Retail 3 1.91 5.80 5.75
Airlie Australian Share 5 -4.33 5.55 12.57
Australian Large Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
Ausbil Australian Active Equity 4 2.81 9.21 12.76
Ausbil 130/30 Focus - Wholesale 4 1.50 3.69 9.42
Greencape High Conviction 4 -2.36 2.68 9.73
T. Rowe Price Australian Equity 3 -6.07 0.50 7.09
Greencape Broadcap 4 -4.10 0.25 9.36
FSI Wholesale Australian Share 3 -13.66 -6.40 8.87
Platypus Australian Equities - Wholesale 3 -20.57 -12.39 6.53
Hyperion Australian Growth Companies 4 -26.87 -12.53 10.21
Bennelong Australian Equities 4 -24.06 -13.18 10.57
Australian Mid/Small Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
Perpetual Wholesale Smaller Companies 4 1.13 10.52 15.78
Spheria Australian Smaller Companies 3 -10.03 0.58 9.05
Dimensional Aust Small Company Trust 3 -6.56 0.23 7.67
Pengana Emerging Companies 3 -16.79 -1.35 8.84
UBS Yarra Australian Small Companies 3 -9.20 -1.44 11.96
FSI Wholesale Australian Small Companies 5 -10.18 -1.70 12.74
Pendal Smaller Companies 3 -11.59 -2.79 5.40
OC Premium Small Companies 3 -5.41 -2.82 7.41
Fidelity Future Leaders 3 -18.30 -4.63 5.43
NovaPort Smaller Companies 2 -10.36 -4.94 4.30
World Large Value
Fund Name Morningstar
Rating
6m% 1y% 3y%
Epoch Gbl Eq Shldr Yld Fd Uhgd 2 4.94 10.66 7.48
Dimensional Global Value Trust 3 4.70 9.65 10.03
Realindex Global Share-Class A 4 -1.29 4.56 10.30
Barrow Hanley Global Share A 5 2.04 3.47 12.19
Acadian Sus Wholesale Glb Equity 5 -8.38 3.41 12.82
Barrow Hanley Global Equity Trust 3 1.59 2.74 10.27
Antipodes Global Fund - Long P 3 -3.57 -0.31 9.26
World Large Blend
Fund Name Morningstar
Rating
6m% 1y% 3y%
PM Capital Global Companies 5 11.12 9.05 18.87
Acadian Global Managed Volatility Eq A 2 -2.02 6.69 6.30
IFP Global Franchise 4 -0.78 6.31 11.76
AXA IM Sustainable Equity 4 -7.33 5.99 10.05
Franklin Global Rspnb Inv F 5 -7.34 4.26 13.17
Arrowstreet Global Equity 5 -6.74 3.59 13.92
Dimensional Global Large Company Trust 4 -8.34 3.50 11.83
Dimensional Global Core Equity Trust 3 -7.09 3.11 10.79
IFP Global Franchise Fund II 0 -4.84 2.96 --
iShares International Equity Index 4 -10.51 2.74 11.54
World Large Growth
Fund Name Morningstar
Rating
6m% 1y% 3y%
GQG Partners Global Equity Fund 5 3.36 17.70 15.87
Walter Scott Global Equity 3 -13.13 -0.91 9.16
Zurich Investments Gbl Thematic Shr 4 -10.72 -1.40 10.71
BNP Paribas C WorldWide Global Eq Trust 4 -16.86 -1.43 10.61
abrdn International Equity 2 -12.90 -1.66 8.82
Stewart W Worldwide Leaders Sust 3 -17.55 -1.83 7.45
Nikko AM Global Share 5 -12.53 -3.06 12.15
Zurich Investments Concentrated Glbl Gr 5 -12.04 -5.21 12.40
Intermede Global Equities Fund 4 -16.38 -5.74 11.64
Fidelity Global Equities 4 -12.97 -6.40 10.18
Australian Real Estate
Fund Name Morningstar
Rating
6m% 1y% 3y%
SGH Property Income 2 0.80 9.81 2.44
Cromwell Phoenix Property Securities 4 -8.33 5.37 3.83
Vanguard Australian Property Secs Idx 3 -9.73 4.33 2.96
iShares Australian Listed Property Index 3 -9.72 4.33 2.88
FSI Wholesale Property Securities 4 -10.67 3.78 3.98
Ironbark Paladin Property Securities 4 -9.98 3.70 5.36
Zurich Investments Aus Property Secs 3 -8.57 3.69 1.69
APN AREIT 2 -7.47 3.38 -0.02
Pendal Property Investment 5 -10.64 2.42 4.90