Airlie Australian Share Fund - Active ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Australian equity funds would cost $187 (0.37% a year), so AASF is $248 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
The issuer does not publish machine-readable holdings for this fund, so exposures and holdings overlap are not available. Return correlations still are.
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.7 | 1.6 | −7.2 | 3.6 | 4.5 | 2.0 | 1.6 | 1.3 | −3.6 | 0.0 | 5.1YTD | ||
| 2025 | 4.5 | −3.0 | −4.9 | 2.7 | 2.9 | 2.3 | 2.6 | 1.2 | −2.0 | −1.8 | −2.6 | 1.0 | 2.7 |
| 2024 | 1.9 | 1.3 | 3.7 | −4.3 | 0.0 | −0.3 | 4.8 | −0.8 | 2.6 | −2.0 | 3.9 | −3.0 | 7.6 |
| 2023 | 7.4 | −2.5 | −1.2 | 1.5 | −1.4 | 2.9 | 0.6 | 1.7 | −2.3 | −4.9 | 5.5 | 8.1 | 15.3 |
| 2022 | −8.1 | −0.3 | 5.3 | −2.0 | −3.1 | −8.5 | 5.6 | 2.5 | −5.8 | 6.4 | 6.0 | −3.7 | −7.1 |
| 2021 | −2.7 | 0.7 | 4.8 | 3.9 | 3.1 | 4.7 | 0.9 | 3.2 | −1.1 | 1.4 | 1.1 | 4.9 | 27.6 |
| 2020 | 3.4 | −5.8 | −19.1 | 9.3 | 5.3 | 4.4 | 0.4 | 4.6 | −4.0 | 1.9 | 10.5 | 3.8 | 11.6 |
| 2019 | 3.1 | 4.3 | 0.6 | 2.6 | 1.6 | 2.3 | 3.5 | −1.4 | 3.9 | −0.0 | 3.4 | −1.6 | 24.3 |
| 2018 | 4.1 | 1.1 | 1.5 | −1.9 | −7.1 | −2.9 | −0.9 | −6.3 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
AASF questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Airlie Australian Share Fund - Active ETF?
The issuer of Airlie Australian Share Fund - Active ETF doesn't publish its holdings in a form we can read, so we can't measure how diversified it is. It is classed as equity with a Australia focus; the product disclosure statement (PDS) and the issuer's fact sheet list what it owns.
Which ETFs does AASF double up with most?
We can't compare holdings for AASF, as the issuer doesn't publish them in a form we can read, but its returns move most closely with Betashares Geared Australian Equities Complex ETF (GEAR) (correlation 0.83), Betashares Wealthbuilder Aus200 Geared Complex ETF (G200) (correlation 0.83) and iShares Core S&P/ASX 200 ETF (IOZ) (correlation 0.83). A correlation near 1 means the two funds tend to rise and fall together, so holding both adds little diversification.
How is Airlie Australian Share Fund - Active ETF managed – active or passive?
Airlie Australian Share Fund - Active ETF is actively managed. Rather than tracking an index, a fund manager at Magellan decides what to buy and sell, aiming to do better than the market after fees.
Among Australian equity funds, active funds charge a median 0.85% a year and index funds 0.34%.
What will I pay in fees for AASF?
AASF charges a management fee of 0.78% a year, about $78 for every $10,000 invested. Only 19% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Australian equity funds, the median is 0.35%.
Lower-cost funds with a similar focus include Vanguard Australian Shares Index ETF (VAS) at 0.07%, Betashares Australia 200 ETF (A200) at 0.04% and iShares Core S&P/ASX 200 ETF (IOZ) at 0.05%.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.45% for AASF.
Does Airlie Australian Share Fund - Active ETF follow a theme?
No. Airlie Australian Share Fund - Active ETF is a broad equity fund: it aims to cover a wide slice of its market (Australia) rather than one theme or sector.
What is under the hood of AASF?
The issuer doesn't publish AASF's holdings in a form we can read. Its website and fact sheet list the full portfolio.
As an active fund it has no index rule: the manager decides which investments to hold and how much of each, within the limits set out in the PDS.
How well has Airlie Australian Share Fund - Active ETF performed?
Based on its category, Airlie Australian Share Fund - Active ETF aims to grow your capital faster than its market after fees.
To 23 Oct 2026, with distributions reinvested, it returned 2.0% over 1 year (median 0.6%; ranked 29 of 65), 9.5% a year over 3 years (median 11.6% a year; ranked 40 of 54) and 5.5% a year over 5 years (median 6.9% a year; ranked 32 of 48). The medians and rankings compare it with Australian equity funds. Since listing in 2020 it has returned 9.0% a year.
As an active fund, AASF has no index to track. The fairer test is whether it beats similar funds and its market after fees, over several years.
Past performance is not a reliable indicator of future performance.