DRAFT
Fund Review
Airlie Australian Share Fund
Performance as at May 2026
Airlie Funds Management, established in 2012 by John Sevior and based in Sydney, employs an active investment approach to provide long-term capital growth and income. It manages Australian equities for both institutional and retail clients. Magellan Asset Management is the Responsible Entity and Investment Manager for the Airlie Australian Share Fund. Key staff include Emma Fisher as Deputy Head of Australian Equities and Portfolio Manager, Matt Williams as Head of Australian Equities, and Joe Wright as Deputy Portfolio Manager.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 4.70% | 8.61% | 7.37% | 9.84% | 9.30% |
| Peer Group1 | 5.61% | 6.85% | 6.32% | 7.63% | 7.54% | |
| Index2 | 6.89% | 11.02% | 8.10% | 8.47% | 8.79% | |
| Volatility | Fund | 10.91% | 11.79% | 13.26% | 15.19% | 14.73% |
| Peer Group1 | 9.89% | 10.02% | 11.26% | 14.17% | 13.84% | |
| Index2 | 9.98% | 10.63% | 12.30% | 14.90% | 14.41% | |
| 1Equity Long - Large Cap - Australia, 2ASX 200 Total Return, 3Annualised, 4Jun 2018 | ||||||
Strategy Description
The fund aims to provide investors with long-term capital growth and regular income through investment in Australian equities. It focuses on a concentrated portfolio of 15-35 stocks with a target of 25 and maintains a maximum cash holding of 10%. The fund adopts a long-only, bottom-up approach, identifying companies based on financial strength, durable business characteristics, and management quality. Investments occur when perceived fair value exceeds market price. The fund is managed by Matt Williams, Emma Fisher, and Joe Wright.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | MGE9705AU | Status: | Open |
| Peer Group: | Equity Long - Large Cap - Australia | Inception Date: | Jun 2018 |
| Strategy: | Equity Long | Style: | Blend |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Retail | Distributions: | 6 Monthly |
| Fund Size: | AU$ 896.78m | Manager FUM: | AU$ 5,000m |
| Applications: | Daily, Initial: AU$ 10,000 | Redemptions: | Daily |
| Management Fee: | 0.78% (PG avg: 0.86%) | Performance Fee: | N/A (PG avg: 8.54%) |
| Buy/Sell Spread: | 0.14%/0.14% (PG avg: 0.41%/0.41%) | Hurdle: | N/A |
| Early Redemption Fee | No | High Water Mark: | N/A |
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Airlie Australian Share Fund
Performance vs Equity Long - Large Cap - Australia and ASX 200 Total Return
Since inception in Jun 2018, the Fund has returned 9.3% p.a. vs the Peer Group's return over the same period of 7.54%. Over the past 12 months, the Fund has returned 4.7% vs the Peer Group's 5.61%. For the 3, 5 and 7 year periods, the Fund has returned 8.61%, 7.37% and 9.84% respectively vs the Peer Group's returns of 6.85%, 6.32% and 7.63% respectively. The Fund's returns have been delivered with a volatility of 14.73% p.a. vs the Peer Group's 13.84%.
Only seven years of data shown. Click here to view all data.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.39 | 1.60 | -7.36 | 4.44 | 4.00 | NA | NA | NA | NA | NA | NA | NA | 3.65 |
| 2025 | 4.68 | -2.97 | -5.06 | 3.58 | 2.32 | 2.42 | 2.70 | 0.93 | -2.16 | -1.16 | -2.48 | 0.91 | 3.24 |
| 2024 | 1.88 | 1.60 | 3.13 | -4.09 | -0.15 | -0.60 | 5.39 | -0.92 | 3.14 | -2.76 | 4.04 | -3.26 | 7.09 |
| 2023 | 7.01 | -2.55 | -0.71 | 1.24 | -1.55 | 1.04 | 2.61 | 1.86 | -2.83 | -4.53 | 6.21 | 7.46 | 15.39 |
| 2022 | -6.59 | -0.21 | 5.02 | -0.90 | -4.45 | -9.70 | 7.53 | 2.79 | -5.76 | 6.32 | 5.91 | -3.46 | -5.22 |
| 2021 | 0.02 | 0.52 | 3.95 | 4.48 | 3.56 | 2.88 | 2.61 | 3.22 | -1.14 | 1.93 | 0.48 | 3.21 | 28.76 |
| 2020 | 3.41 | -5.79 | -19.12 | 9.27 | 5.12 | 4.10 | 0.60 | 4.18 | -3.42 | 1.15 | 10.22 | 1.86 | 8.30 |
| 2019 | 3.06 | 4.32 | 0.55 | 2.57 | 1.61 | 2.33 | 3.46 | -1.41 | 3.90 | -0.04 | 3.42 | -1.55 | 24.36 |
| 2018 | NA | NA | NA | NA | NA | 4.11 | 1.15 | 1.51 | -1.87 | -7.12 | -2.94 | -0.92 | -6.30 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 4.70% | 8.61% | 7.37% | 9.84% | 9.30% |
| Peer Group | 5.61% | 6.85% | 6.32% | 7.63% | 7.54% | |
| Index2 | 6.89% | 11.02% | 8.10% | 8.47% | 8.79% | |
| Volatility | Fund | 10.91% | 11.79% | 13.26% | 15.19% | 14.73% |
| Peer Group | 9.89% | 10.02% | 11.26% | 14.17% | 13.84% | |
| Index | 9.98% | 10.63% | 12.30% | 14.90% | 14.41% | |
| Sharpe | Fund | 0.13 | 0.42 | 0.38 | 0.55 | 0.53 |
| Peer Group | 0.23 | 0.31 | 0.35 | 0.44 | 0.44 | |
| Index | 0.34 | 0.66 | 0.46 | 0.47 | 0.51 | |
| Sortino | Fund | 0.10 | 0.53 | 0.46 | 0.66 | 0.64 |
| Peer Group | 0.22 | 0.37 | 0.41 | 0.49 | 0.50 | |
| Index | 0.36 | 0.91 | 0.58 | 0.53 | 0.59 | |
| Largest Drawdown | Fund | -9.19% | -9.19% | -16.29% | -23.80% | -23.80% |
| Peer Group | -7.40% | -7.67% | -11.50% | -26.11% | -26.11% | |
| Index | -7.15% | -7.19% | -11.90% | -26.75% | -26.75% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Airlie Australian Share Fund - Annualised Return vs. Standard Deviation
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Airlie Australian Share Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Magellan Asset Management |
| Custodian: | The Northern Trust Company |
| Administrator: | N/A |
| Auditor: | N/A |
| Legal: | N/A |
| Prime Broker: | N/A |
Available on Investment Platforms
No Data.
Key Staff
Emma Fisher
Deputy Head of Australian Equities and Portfolio Manager
Matt Williams
Head of Australian Equities
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
This report is produced and owned by Australian Fund Monitors Pty Ltd and the contents are Copyright 2025. Distribution is limited to those parties with a current Distribution Licence.
Disclaimer
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