Key highlights

  • ASUS holds 33 companies, with its top 10 holdings making up 54.44% of the fund.
  • Financial Services (29.20%) and Basic Materials (23.09%) are its largest sectors, and it holds no Energy stocks.
  • The ETF was admitted to the ASX on 4 May 2026 and benchmarks against the S&P/ASX 200 TR AUD index.

Exchange-traded funds that are run actively give investors a managed selection of shares rather than a basket that simply follows an index. The Ausbil Active Sustainable Equity Fund Active ETF (ASX:ASUS) is one such product, offering exposure to a focused group of large Australian-listed companies. It was admitted to the ASX on 4 May 2026 and is categorised by Morningstar as an Equity Australia Large Blend fund, with the S&P/ASX 200 TR AUD index as its benchmark.

This article looks at what the fund holds, how its sector and geographic exposure compares with its peer category, how its distributions are set out and what recent filings the fund has lodged, based on the ASX fund page. It does not include forecasts, and it does not provide advice.

What the fund is designed to do

Ausbil describes its investment process as one that aims to exploit inefficiencies across the market, at all stages of the cycle and in all market conditions, with the aim of producing consistent outperformance. The ETF applies that process to a sustainability-oriented portfolio of Australian shares, and it is run by an active manager rather than tracking a published index.

Morningstar places the fund in the Equity Australia Large Blend category, which is made up of funds that invest mainly in large Australian companies, defined as stocks within the top 70% of the capitalisation of the Australian equities market. A blend style indicates that neither growth-oriented nor value-oriented stocks dominate the portfolio. The fund held 33 companies in total, which is a concentrated line-up compared with broad index funds that hold hundreds of stocks, and its turnover ratio was 38.54%.

Sector allocation

By Morningstar sector, ASUS’s largest weightings are Financial Services (29.20%), Basic Materials (23.09%), and Healthcare (14.77%). Relative to its Morningstar category average, the fund holds a higher share in Healthcare (14.77 vs 6.88%), and Technology (7.85 vs 3.32%). It holds a lower share than the category average in Basic Materials (23.09 vs 26.24%), Industrials (3.99 vs 6.74%), and Energy (0.00 vs 4.85%). The remaining listed sectors are Technology (7.85%), Real Estate (6.94%), Consumer Cyclical (5.64%), Communication Services (5.28%), Industrials (3.99%), Consumer Defensive (3.25%), and Energy (0.00%).

The absence of any Energy exposure stands out against a category average of 4.85%, and the fund’s higher Healthcare and Technology weights reflect holdings such as CSL and Cochlear among its largest positions.

Asset mix, company size and geography

Almost all of the portfolio is in listed shares: stocks account for 99.43% of assets and cash for 0.57%, with no bonds or other assets. By company size, 97.39% of the fund sits in companies valued above $1 billion, 2.61% in companies between $500 million and $1 billion, and none in companies below $500 million, compared with category averages of 92.40%, 6.82% and 0.79%.

Geographically, 93.38% of the fund is in Australia, 4.33% in the United States and 2.28% in New Zealand. The category average shows Australia at 94.32%, the United States at 3.51% and New Zealand at 0.81%, so the fund has slightly more exposure to New Zealand and the United States than the typical large-blend peer.

Top holdings

The ten largest holdings account for 54.44% of the fund, leaving 45.56% in the remaining 23 positions. They are Commonwealth Bank of Australia (ASX:CBA) at 10.28%, Rio Tinto (ASX:RIO) at 7.16%, CSL (ASX:CSL) at 6.77%, ANZ Group (ASX:ANZ) at 6.63%, Macquarie Group (ASX:MQG) at 4.77%, Wesfarmers (ASX:WES) at 4.22%, Cochlear (ASX:COH) at 4.06%, Goodman Group (ASX:GMG) at 3.67%, Sandfire Resources (ASX:SFR) at 3.53% and Telstra Group (ASX:TLS) at 3.30%.

The list combines major banks, diversified miners, healthcare and property companies, with a mid-cap copper producer in Sandfire Resources and a telecommunications company in Telstra.

Distributions

The fund’s most recent distribution was a final distribution of $0.255 per unit, with an ex-date of 1 July 2026, a record date of 2 July 2026 and a payment date of 14 July 2026. Distributions are paid by the fund according to its income and realised gains, and the amount can differ from period to period.

Fund snapshot and recent filings

On the ASX page, the ETF showed a last price of $18.61 with no change on the day, a bid-offer range of $18.62 to $18.73 and an average daily volume of 2,809 units. Its metrics show a beta of 1.04 and a standard deviation of 12.59. The fund’s ISIN is AU60AAP39409, and its head office is at Level 27, 225 George Street, Sydney.

Recent announcements include a units issued, redeemed and derivative exposure notice for September 2026 lodged on 6 October 2026, the FY2026 Annual Financial Report lodged on 30 September 2026, a disclosure of portfolio holdings for July 2026 on 25 September 2026, and the 2025/26 fees and costs document lodged on 1 September 2026.

A snapshot of what ASUS offers

In summary, ASUS provides active, concentrated exposure to 33 large Australian companies, with a heavier healthcare and technology allocation and no energy exposure compared with its category. Investors reading the fund’s documents can find its full holdings and fees in the filings listed above.