Key Highlights

  • The fund applies a bottom-up approach to a portfolio of around 37 Australian companies, assessed on several Investment criteria.
  • BHP Group is the largest holding at 12.86 percent, followed by Commonwealth Bank of Australia at 6.64 percent.
  • Basic materials account for 27.42 percent of the portfolio, close to the category average of 26.24 percent.
  • Management fees and costs are 0.78 percent, and the fund size is $811.17 million.

The Airlie Australian Share Fund - Active ETF (ASX:AASF) is an actively managed portfolio of Australian equities built from a bottom-up investment process. On 4 November 2026 the units were quoted at $3.84, down 4 cents or about 1.0 percent from the previous close of $3.88, with 166 units traded. The fund was admitted on 4 June 2020 and sits in the Equity Australia Large Blend category.

Fund detail

Information

Ticker

ASX:AASF

Benchmark

S&P/ASX 200 TR AUD

Category

Equity Australia Large Blend

Admitted

4 June 2020

Management fees and costs

0.78%

Fund size

$811.17 Million

Units outstanding

209,064,263

Turnover ratio

89.21%

Total fund holdings

37 companies

Last price (4 November 2026)

$3.84

ISIN

AU60MGE97056

Investment approach

The fund's manager builds portfolios using a bottom-up approach and assesses companies against several criteria, including financial position, management quality, Business quality and valuation. The manager's view is that active management can outperform a passive approach over time.

The portfolio holds 97.75 percent in shares and 2.25 percent in cash. Market Capitalisation data places 89.97 percent of holdings above one billion dollars.

Sector and country weighting

Basic materials account for 27.42 percent, close to the category figure of 26.24 percent. Financial services are 27.77 percent against 30.04 percent, and consumer cyclical stocks 11.33 percent against 7.24 percent.

Healthcare is 6.14 percent against 6.88 percent for the category. Australia accounts for 91.00 percent of geographic exposure, and the United States 9.00 percent against 3.51 percent.

Largest holdings and trading

BHP Group leads at 12.86 percent, followed by Commonwealth Bank of Australia at 6.64 percent and National Australia Bank at 5.16 percent. Aristocrat Leisure, Rio Tinto, SGH, Macquarie Group, Orica, BlueScope Steel and Medibank complete the top ten.

The top ten make up 50.24 percent of the fund. The listing reports a Turnover ratio of 89.21 percent, and 166 units were traded on the day.

Final Word

The fund holds a concentrated set of Australian companies with a higher consumer cyclical weighting than its category. Its 0.78 percent fee and turnover figure are the main reference points on the listing, and readers can review the quarterly portfolio disclosure for the full holdings list.