CINXE.COM
Geared Core Australian Equity | Acadian Asset Management
<!DOCTYPE html> <html lang="en"> <head> <!-- Google Tag Manager --> <script> (function (w, d, s, l, i) { w[l] = w[l] || []; w[l].push({ 'gtm.start': new Date().getTime(), event: 'gtm.js' }); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l != 'dataLayer' ? '&l=' + l : ''; j.async = true; j.src = 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f); })(window, document, 'script', 'dataLayer', 'GTM-WF65GBG');</script> <!-- End Google Tag Manager --> <meta charset="utf-8" /> <meta name="viewport" content="initial-scale=1.0, width=device-width" /> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta http-equiv="Content-type" content="text/html; charset=utf-8"> <title>Geared Core Australian Equity | Acadian Asset Management</title> <meta name="keywords" content="" /> <meta property="og:type" content="website" /> <meta name="description" content="" /> <link rel="alternate" hreflang="en-au" href="https://www.acadian-asset.com/au/strategies/geared-core-australian-equity" /> <link rel="canonical" href="https://www.acadian-asset.com/au/strategies/geared-core-australian-equity" /> <meta property="og:url" content="https://www.acadian-asset.com/au/strategies/geared-core-australian-equity" /> <meta property="og:title" content="Geared Core Australian Equity | Acadian Asset Management" /> <!-- Critical css --> <style> .header__inner-nav { opacity: 0; visibility: hidden; } </style> <link rel="preload" href="/Areas/acadianAU/Content/fonts/DMSans-Bold.woff2" as="font" type="font/woff2" crossorigin="anonymous" /> <link rel="preload" href="/Areas/acadianAU/Content/fonts/DMSans-BoldItalic.woff2" as="font" type="font/woff2" crossorigin="anonymous" /> <link rel="preload" href="/Areas/acadianAU/Content/fonts/DMSans-Italic.woff2" as="font" type="font/woff2" crossorigin="anonymous" /> <link rel="preload" href="/Areas/acadianAU/Content/fonts/DMSans-Medium.woff2" as="font" type="font/woff2" crossorigin="anonymous" /> <link rel="preload" href="/Areas/acadianAU/Content/fonts/DMSans-MediumItalic.woff2" as="font" type="font/woff2" crossorigin="anonymous" /> <link rel="preload" href="/Areas/acadianAU/Content/fonts/DMSans-Regular.woff2" as="font" type="font/woff2" crossorigin="anonymous" /> <link rel="stylesheet" href="/Areas/acadianAU/Content/css/styles.css?v=638647563680000000" /> <link rel="apple-touch-icon" sizes="76x76" href="/Areas/acadianAU/Content/images/favicon/apple-touch-icon.png"> <link rel="icon" type="image/png" sizes="32x32" href="/Areas/acadianAU/Content/images/favicon/favicon-32x32.png"> <link rel="icon" type="image/png" sizes="16x16" href="/Areas/acadianAU/Content/images/favicon/favicon-16x16.png"> <link rel="mask-icon" href="/Areas/acadianAU/Content/images/favicon/safari-pinned-tab.svg" color="#5bbad5"> <meta name="msapplication-TileColor" content="#da532c"> <meta name="theme-color" content="#ffffff"> <meta name="VIcurrentDateTime" content="638679764108632187" /> <meta name="VirtualFolder" content="/au/" /> <script type="text/javascript" src="/layouts/system/VisitorIdentification.js"></script> </head> <body> <!-- Google Tag Manager (noscript) --> <noscript> <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-WF65GBG" height="0" width="0" style="display:none;visibility:hidden"></iframe> </noscript> <!-- End Google Tag Manager (noscript) --> <!-- HEADER --> <div aria-hidden="false" class="modal modal--auto-open" id="region-disclaimer" data-id="region-disclaimer-2E6DA166ADF444D785313DDAB47B5A02" data-url="https://www.acadian-asset.com/"> <div class="modal__backdrop"> <div aria-labelledby="region-disclaimer-title" class="modal__container" role="dialog" aria-modal="true"> <header class="modal__header"> <h3 id="region-disclaimer-title" class="modal__title">Australian Site</h3> <button class="modal__close-button modal__close-button-js modal__close-button--cookie" aria-label="" tabindex="-1"> <svg viewBox="0 0 120 120" width="20" height="20" role="presentation"> <use xlink:href="#close-bold" /> </svg> </button> </header> <div class="modal__content rtf"> <div class="cookie-disclaimer" aria-label="Cookie Disclaimer"> <p style="color: #434343; margin-right: 0px; margin-bottom: 30px; margin-left: 0px; line-height: 1.75;"><span style="line-height: 1.75;"><strong>Disclaimer<br /> </strong></span>This website is owned and operated by Acadian Asset Management (Australia) Limited (ABN 41 114 200 127, AFSL 291872) (“Acadian Australia”). The use of this website is subject to the following disclosures and declarations (the "Terms"). After you have read and understood these Terms, you may click “I Agree” to confirm that you agree to the Terms which create a binding legal agreement between us. If you do not agree to these Terms, please refrain from using this website.</p> <p style="color: #434343; margin: 0px 0px 30px; line-height: 1.75;"><span style="line-height: 1.75;"><strong>Wholesale Client<br /> </strong></span>This website is intended for the use of the wholesale clients only.<br /> I declare that I am a wholesale client as defined in the Corporations Act 2001.<br /> I declare that I will not provide any information on this website to a retail investor.</p> <p style="color: #434343; margin: 0px 0px 30px; line-height: 1.75;"><span style="line-height: 1.75;"><strong>General Information<br /> </strong></span>The information contained on this website is for general information only and does not take into account your personal circumstances, financial needs or objectives. It does not contain, and is not to be taken as containing, investment recommendations or the offer of a Financial Product (as defined in the Australian Corporations Act 2001) or an offer generally. It does not constitute investment or taxation advice. You should obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making any investment decision.</p> <p style="color: #434343; margin: 0px 0px 30px; line-height: 1.75;"><span style="line-height: 1.75;"><strong>Accuracy of information and limitation of liability<br /> </strong></span>The material on this website is made available in good faith by Acadian Australia and has been derived from sources believed by Acadian Australia to be reliable and accurate at the date of publication. Acadian Australia assumes no responsibility for updating any information contained in this material or for correcting any error or omission, which may become apparent after the material was first issued.</p> <p style="color: #434343; margin: 0px 0px 30px; line-height: 1.75;">Acadian Australia does not give any warranty as to the accuracy, reliability or completeness of this website. Acadian Australia and its directors, employees, agents, consultants and related bodies corporate do not accept any liability for any error or omission in this material or for any resulting loss or damage (whether direct, indirect, consequential or otherwise) suffered by any user of this website or any other person.<br style="line-height: 1.75;" /> <br style="line-height: 1.75;" /> <span style="line-height: 1.75;"><strong>Australian Residents<br /> </strong></span>This website and the information provided on this website is intended for residents of Australia from within Australia and is not intended for any person who is a resident of another country. Therefore, the information provided on this website may not comply with non-Australian laws.</p> <p style="color: #434343; margin: 0px 0px 30px; line-height: 1.75;">The Terms are governed by the laws in force in the state of New South Wales, Australia and the parties irrevocably submit to the non-exclusive jurisdiction of the courts of New South Wales and courts of appeal from them for determining any dispute concerning the Terms.<br style="line-height: 1.75;" /> <span style="line-height: 1.75;"><br style="line-height: 1.75;" /> <strong>Investing in managed investment schemes<br /> </strong></span>Investment in any of the managed investment schemes mentioned on this website may only be made on the application form attached to the relevant scheme’s current offer document which is available from the responsible entity of the fund.</p> <p style="color: #434343; margin: 0px 0px 30px; line-height: 1.75;">The offer of units in any managed investment scheme is only available to persons receiving an electronic or hard copy of the relevant offer document in Australia.</p> <p style="color: #434343; margin: 0px 0px 30px; line-height: 1.75;">Acadian Asset Management LLC, Acadian Australia or the responsible entity of the fund nor any other person guarantees the performance of the managed investment schemes mentioned on this website. Investments in the managed investment scheme are subject to investment risk, which may include loss of income or capital invested. Neither the repayment of capital nor the investment performance of any managed investment schemes is guaranteed by Acadian Asset Management LLC, Acadian Australia or the responsible entity of the fund. Past performance is not a reliable indicator of future performance.</p> <p style="color: #434343; margin: 0px 0px 30px; line-height: 1.75;"><span style="line-height: 1.75;"><strong>Copyright<br /> </strong></span>Unless otherwise stated, copyright in the material reproduced on this website is owned by Acadian Australia and Acadian Asset Management LLC. Except with the prior written consent of Acadian Australia, Acadian Asset Management LLC or otherwise permitted by law, the material may not be reproduced or displayed in public and may not be linked to, distributed or transmitted electronically to any other person or incorporated by any means into another document or material, including other websites.</p> </div> </div> <footer class="modal__footer"> <button class="btn btn--outline btn--modalclose modal__close-button-js decline-btn" type="button"> Decline </button> <a class="btn agree-btn" href="#"> Agree </a> </footer> </div> </div> </div> <div aria-hidden="true" class="modal" id="exit-modal"> <div class="modal__backdrop"> <div aria-labelledby="exit-modal-title" class="modal__container" role="dialog" aria-modal="true"> <header class="modal__header"> <h3 id="exit-modal-title" class="modal__title">Exit Disclaimer</h3> <button class="modal__close-button modal__close-button-js" aria-label="" tabindex="-1"> <svg viewBox="0 0 120 120" width="20" height="20" role="presentation"> <use xlink:href="#close-bold" /> </svg> </button> </header> <div class="modal__content rtf"> <div class="exit-modal" aria-label="Exit Modal"> <p>You will be leaving Acadian-Asset.com and headed to an external site. Acadian Asset Management is not responsible for the content provided on your destination site and makes no warranties, express or implied, for the accuracy of any content or use of a third-party website and assumes no liability for any errors, inaccuracies, or omissions for third-party website content. While Acadian is providing a link to a third-party website, Acadian does not control, approve, or endorse the website or any of its contents, its sponsor, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site.</p> </div> </div> <footer class="modal__footer"> <button class="btn btn--outline btn--modalclose modal__close-button-js" type="button"> Decline </button> <a class="btn" href="#"> Agree </a> </footer> </div> </div> </div> <header class="header" data-module="header" data-endpoint="/api/sitecore/SearchApi/GetHeaderSearchResults?site=acadianAU" data-search-page-url="/au/search"> <div class="header__content-wrapper"> <button class="header__mobile-btn header__mobile-btn--nav" aria-expanded="false" aria-label="Search in page, press escape to close"> <svg viewBox="0 0 120 120" role="presentation"> <use xlink:href="#menu" /> </svg> <svg viewBox="0 0 120 120" role="presentation"> <use xlink:href="#close-thin" /> </svg> </button> <a href="/au/" class="header__logo"> <svg xmlns="http://www.w3.org/2000/svg" width="304" height="36" viewBox="0 0 304 36"><g fill="none"><path fill="#24618E" d="M85.745 21.103h13.038l-6.417-15.31-6.622 15.31zm4.553-19.24h3.725l14.28 33.31h-3.726L99.817 24h-15.52l-4.968 11.172h-3.31l14.279-33.31zm53.807 24.62c-3.518 6.62-9.934 9.31-15.314 9.31-9.313 0-17.384-7.448-17.384-17.172s7.864-17.173 17.384-17.173c8.484 0 14.072 6 15.314 9.104h-3.932c-3.725-5.38-9.52-6-11.59-6-7.864 0-14.072 6.827-14.072 14.276 0 7.862 6.83 14.069 14.073 14.069 1.655 0 7.036-.207 11.589-6.414h3.932zm14.486-5.38h13.038l-6.415-15.31-6.623 15.31zm4.76-19.24h3.725l14.28 33.31h-3.725L172.871 24H157.35l-4.967 11.172h-3.518l14.486-33.31zm28.352 30.413h4.76c3.105 0 7.657 0 11.383-2.69 2.07-1.655 5.173-5.172 5.173-10.965 0-4.345-2.276-8.483-5.587-10.966-2.898-1.862-6.002-2.483-10.969-2.483h-4.76v27.104zm-3.31-30.414h9.726c4.139 0 8.071 1.035 10.968 2.69 5.795 3.724 7.657 9.93 7.657 14.069 0 3.103-1.241 9.724-7.657 13.862-2.69 1.655-6.83 2.69-10.968 2.69h-9.727V1.862zm36.836 0h3.311v33.31h-3.311zm21.109 19.241h13.038l-6.415-15.31-6.623 15.31zm4.76-19.24h3.725l14.28 33.31h-3.725L260.618 24h-15.522l-4.967 11.172h-3.518l14.486-33.31zm24.834-.001h4.553l18.626 27.724V1.862h3.518v33.517h-3.518L279.45 6h-.207v29.379h-3.311zM44.769 0h-1.035l-1.863 3.103 18.833 32.69h4.553L44.769 0zm-6.003 8.69l15.73 27.103h4.553L41.044 4.76l-2.277 3.93zm-6.208 10.965L41.871 36h4.553L34.836 15.724l-2.276 3.931zm3.104-5.38L48.08 36h4.553L37.939 10.138l-2.276 4.138z"></path><path fill="#56C5E5" d="M43.734 0h-2.07L20.969 35.793h2.277L43.734 0zM30.903 0h-2.07L8.138 35.793h2.278L30.903 0zm6.415 0h-2.07L14.555 35.793h2.276L37.318 0zM24.281 0h-2.07L1.516 35.793h2.276L24.281 0z"></path></g></svg></a> <nav class="header__primary-nav" aria-label="Primary Navigation"> <ul> <li class="header__item"> <button aria-haspopup="true" aria-expanded="false"> Strategies </button> <div class="header__inner-nav header__inner-nav--three"> <div class="header__nav-column"> <span class="header__nav-title">Global Equities</span> <ul> <li class="header__item"> <a href="/au/strategies" target=""> All Funds </a> </li> <li class="header__item"> <a href="/au/strategies/geared-global-equity" target=""> Geared Global Equity </a> </li> <li class="header__item"> <a href="/au/strategies/global-equity-long-short" target=""> Global Equity Long Short </a> </li> <li class="header__item"> <a href="/au/strategies/global-managed-volatility-equity" target=""> Global Managed Volatility </a> </li> <li class="header__item"> <a href="/au/strategies/global-equity" target=""> Global Equity </a> </li> </ul> </div> <div class="header__nav-column"> <span class="header__nav-title">Australian Equities</span> <ul> <li class="header__item"> <a href="/au/strategies/core-australian-equity" target=""> Core Australian Equity </a> </li> <li class="header__item"> <a href="/au/strategies/australian-equity-long-short" target=""> Australian Equity Long Short </a> </li> <li class="header__item"> <a href="/au/strategies/geared-core-australian-equity" target=""> Geared Core Australian Equity </a> </li> <li class="header__item"> <a href="/au/strategies/sustainable-australian-equity" target=""> Sustainable Australian Equity </a> </li> </ul> </div> <div class="header__nav-column"> <span class="header__nav-title">Alternatives</span> <ul> <li class="header__item"> <a href="/au/strategies/australian-defensive-income" target=""> Australian Defensive Income </a> </li> <li class="header__item"> <a href="/au/strategies/australian-market-neutral" target=""> Australian Market Neutral </a> </li> </ul> </div> </div> </li> <li class="header__item"> <button aria-haspopup="true" aria-expanded="false"> About Us </button> <ul class="header__inner-nav" style="display:none"> <li class="header__item"> <a href="/au/about-us/why-acadian" target=""> Why Acadian? </a> </li> <li class="header__item"> <a href="/au/about-us/our-systematic-edge" target=""> Our Systematic Edge </a> </li> <li class="header__item"> <a href="/au/about-us/responsible-investing" target=""> Responsible Investing </a> </li> <li class="header__item"> <a href="/au/about-us/corporate-social-responsibility" target=""> Corporate Social Responsibility </a> </li> <li class="header__item"> <a href="/au/about-us/our-team" target=""> Australian Team </a> </li> </ul> </li> <li class="header__item"> <button aria-haspopup="true" aria-expanded="false"> Insights </button> <div class="header__inner-nav header__inner-nav--two"> <div class="header__nav-column"> <span class="header__nav-title">Spotlights</span> <ul> <li class="header__item"> <a href="/au/investment-insights/owenomics" target=""> Owenomics: Observations on Behavioral Finance & Markets </a> </li> <li class="header__item"> <a href="/au/investment-insights/thematic-research" target=""> Thematic Research </a> </li> <li class="header__item"> <a href="/au/investment-insights/behind-the-signals-podcast" target=""> Podcast: Behind the Signals </a> </li> <li class="header__item"> <a href="/au/investment-insights/leadership-insights" target=""> Leadership Insights </a> </li> <li class="header__item"> <a href="/au/about-us/news" target=""> News </a> </li> </ul> </div> <div class="header__nav-column"> <span class="header__nav-title">Browse By Topic</span> <ul> <li class="header__item"> <a href="/au/investment-insights" target=""> Browse All Insights </a> </li> <li class="header__item"> <a href="/au/investment-insights/equities" target=""> Equities </a> </li> <li class="header__item"> <a href="/au/investment-insights/esg" target=""> ESG </a> </li> <li class="header__item"> <a href="/au/investment-insights/geopolitics-and-macro" target=""> Geopolitics & Macro </a> </li> <li class="header__item"> <a href="/au/investment-insights/managing-risk" target=""> Managing Risk </a> </li> <li class="header__item"> <a href="" target=""> Multi-Asset Investing </a> </li> <li class="header__item"> <a href="/au/investment-insights/systematic-methods" target=""> Systematic Methods </a> </li> <li class="header__item"> <a href="" target=""> Fixed Income </a> </li> </ul> </div> </div> </li> </ul> <div class="header__search"> <div class="header__search-field" aria-haspopup="true" aria-expanded="false" role="button"> <div id="search-announce" class="sr-only" aria-live="assertive"></div> <button aria-label="Open Search" class="header__search-btn"> <svg viewBox="0 0 120 120" role="presentation"> <use xlink:href="#search" /> </svg> </button> <label class="sr-only" for="header-search">Search in page, press escape to close</label> <input autocomplete="off" class="header__search-input" placeholder="Search" id="header-search" role="combobox" type="text" /> <button aria-label="Clear Search Input" class="header__clear-input-btn" hidden> <svg viewBox="0 0 120 120" role="presentation"> <use xlink:href="#close-bold" /> </svg> </button> <button aria-label="Clear Search Input" class="header__close-input-btn"> <svg viewBox="0 0 120 120" role="presentation"> <use xlink:href="#close-thin"></use> </svg> </button> </div> <div class="header__search-results-backdrop"> <div class="header__search-results"> <span class="header__search-results-heading" id="search-suggested-results-heading">Suggested Results</span> <ul role="listbox" hidden></ul> <a class="header__search-view-all" data-additional-query-string="Content=all"> View All Results </a> </div> </div> </div> </nav> <nav class="header__utility-nav" aria-label="Utility Nav"> <ul> <li class="header__item"> <button aria-haspopup="true" aria-expanded="false"> Region: <span id="country-id">AU/NZ</span> </button> <ul class="header__inner-nav" style="display: none"> <li class="header__item"> <a class="header__country" href="https://www.acadian-asset.com/au/" id="AU/NZ"> Australia/New Zealand </a> </li> <li class="header__item"> <a class="header__country" href="https://www.acadian-asset.com/" id="Global"> Global </a> </li> </ul> </li> <li class="header__item"> <a href="/au/contact-us" target=""> Contact Us </a> </li> <li class="header__item"> <a href="/au/careers" target=""> Careers </a> </li> </ul> </nav> </div> <nav class="header__mobile-nav" aria-label="Mobile Nav"> <ul> <li class="header__mobile-item header__mobile-inner-nav--more-columns"> <button aria-haspopup="true" aria-expanded="false"> Strategies </button> <div class="header__mobile-inner-nav"> <span class="header__mobile-item header__mobile-item--back"> <button> Back </button> </span> <div class="header__nav-column"> <span class="header__nav-title">Global Equities</span> <ul> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies" target=""> All Funds </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/geared-global-equity" target=""> Geared Global Equity </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/global-equity-long-short" target=""> Global Equity Long Short </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/global-managed-volatility-equity" target=""> Global Managed Volatility </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/global-equity" target=""> Global Equity </a> </li> </ul> </div> <div class="header__nav-column"> <span class="header__nav-title">Australian Equities</span> <ul> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/core-australian-equity" target=""> Core Australian Equity </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/australian-equity-long-short" target=""> Australian Equity Long Short </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/geared-core-australian-equity" target=""> Geared Core Australian Equity </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/sustainable-australian-equity" target=""> Sustainable Australian Equity </a> </li> </ul> </div> <div class="header__nav-column"> <span class="header__nav-title">Alternatives</span> <ul> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/australian-defensive-income" target=""> Australian Defensive Income </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/strategies/australian-market-neutral" target=""> Australian Market Neutral </a> </li> </ul> </div> </div> </li> <li class="header__mobile-item "> <button aria-haspopup="true" aria-expanded="false"> About Us </button> <ul class="header__mobile-inner-nav"> <li class="header__mobile-item header__mobile-item--back"> <button> Back </button> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/about-us/why-acadian" target=""> Why Acadian? </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/about-us/our-systematic-edge" target=""> Our Systematic Edge </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/about-us/responsible-investing" target=""> Responsible Investing </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/about-us/corporate-social-responsibility" target=""> Corporate Social Responsibility </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/about-us/our-team" target=""> Australian Team </a> </li> </ul> </li> <li class="header__mobile-item header__mobile-inner-nav--more-columns"> <button aria-haspopup="true" aria-expanded="false"> Insights </button> <div class="header__mobile-inner-nav"> <span class="header__mobile-item header__mobile-item--back"> <button> Back </button> </span> <div class="header__nav-column"> <span class="header__nav-title">Spotlights</span> <ul> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/owenomics" target=""> Owenomics: Observations on Behavioral Finance & Markets </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/thematic-research" target=""> Thematic Research </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/behind-the-signals-podcast" target=""> Podcast: Behind the Signals </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/leadership-insights" target=""> Leadership Insights </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/about-us/news" target=""> News </a> </li> </ul> </div> <div class="header__nav-column"> <span class="header__nav-title">Browse By Topic</span> <ul> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights" target=""> Browse All Insights </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/equities" target=""> Equities </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/esg" target=""> ESG </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/geopolitics-and-macro" target=""> Geopolitics & Macro </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/managing-risk" target=""> Managing Risk </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="" target=""> Multi-Asset Investing </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="/au/investment-insights/systematic-methods" target=""> Systematic Methods </a> </li> <li class="header__mobile-item header__mobile-item--main-link"> <a href="" target=""> Fixed Income </a> </li> </ul> </div> </div> </li> <li class="header__mobile-item"> <a href="/au/contact-us" target=""> Contact Us </a> </li> <li class="header__mobile-item"> <a href="/au/careers" target=""> Careers </a> </li> <li class=" header__mobile-item "> <button aria-haspopup="true" aria-expanded="false"> Region: AU/NZ </button> <ul class="header__mobile-inner-nav" > <li class="header__mobile-item header__mobile-item--back"> <button> Back </button> </li> <li class="header__mobile-item header__mobile-item--active"> <a class="header__country" href="https://www.acadian-asset.com/au/" id="AU/NZ"> Australia/New Zealand </a> </li> <li class="header__mobile-item"> <a class="header__country" href="https://www.acadian-asset.com/" id="Global"> Global </a> </li> </ul> </li> </ul> </nav> </header> <main> <section aria-label="Breadcrumbs"> <nav class="breadcrumbs"> <ol class="breadcrumbs__list"> <li class="breadcrumbs__item"> <a class="breadcrumbs__link" href="/au/strategies">Strategies</a> <svg viewBox="0 0 20 20" width="20" height="20" aria-label="breadcrumb separator" class="breadcrumbs__arrow"> <use xlink:href="#breadcrumb-arrow"></use> </svg> </li> <li class="breadcrumbs__item"> <span class="breadcrumbs__link link-actual" aria-current="page">Geared Core Australian Equity</span> </li> </ol> <div class="breadcrumbs__item breadcrumbs__list-mobile"> <svg viewBox="0 0 20 20" width="20" height="20" aria-label="breadcrumb separator" class="breadcrumbs__arrow breadcrumbs__arrow-mobile"> <use xlink:href="#breadcrumb-arrow"></use> </svg> <a class="breadcrumbs__link" href="/au/strategies">Back to Previous Page</a> </div> </nav> </section> <header data-module="fund-masthead" class="fund-detail-masthead fund-detail-masthead--options"> <div class="fund-detail-masthead__content-wrapper"> <div class="fund-detail-masthead__heading-wrapper"> <div class="fund-detail-masthead__heading-container"> <h1 class="fund-detail-masthead__heading"> Geared Core Australian Equity </h1> </div> <p>This strategy is a geared version of the Acadian Australian Managed Volatility Fund which aims to deliver market-like returns with significantly less volatility than the market over the long term. </p> </div> <div class="fund-detail-masthead__info"> <div class="super"> <div class="super__content"> <span class="super__label">INVESTMENT UNIVERSE</span> <div class="super__copy"> <p>1000+ Australian companies (includes ex-index stocks to maximise the opportunity set)</p> </div> </div> </div> <div class="super"> <div class="super__content"> <span class="super__label">RETURN FORECAST</span> <div class="super__copy"> <p>Daily analysis at stock-specific, peer group, and macro level results in objective risk and return forecast</p> </div> </div> </div> <div class="super"> <div class="super__content"> <span class="super__label">PORTFOLIO CONSTRUCTION & TRADING</span> <div class="super__copy"> <p>Forecasts enter proprietary portfolio optimisation system, weighing expected return against risk, liquidity and T-costs</p> </div> </div> </div> </div> </div> </header> <section class="tabbed-content" data-module="tabbed-fund-containers" data-identifier="contact-us-tabs" aria-labelledby="tabbedContentHeading"> <div class="tabbed-content__tabs-wrapper"> <div class="tabbed-content__dropdown-wrapper"> <select class="tabbed-content__dropdown select" aria-label="Select to switch a tab"> <option value=tab-1>Investment Philosophy</option> <option value=tab-2>Fund Overview</option> <option value=tab-3>Fund Performance</option> <option value=tab-4>Portfolio & Positioning </option> <option value=tab-5>Fund Documents</option> </select> </div> <div role="tablist" class="tabbed-content__tabs" aria-label="Contact us tabs"> <button class="tabbed-content__tab" role="tab" aria-selected=true aria-controls="tab-1-panel" data-index=0 id="tab-1" data-identifier="contact-us-tabs"> Investment Philosophy </button> <button class="tabbed-content__tab" role="tab" aria-controls="tab-2-panel" data-index=0 id="tab-2" data-identifier="contact-us-tabs"> Fund Overview </button> <button class="tabbed-content__tab" role="tab" aria-controls="tab-3-panel" data-index=0 id="tab-3" data-identifier="contact-us-tabs"> Fund Performance </button> <button class="tabbed-content__tab" role="tab" aria-controls="tab-4-panel" data-index=0 id="tab-4" data-identifier="contact-us-tabs"> Portfolio & Positioning  </button> <button class="tabbed-content__tab" role="tab" aria-controls="tab-5-panel" data-index=0 id="tab-5" data-identifier="contact-us-tabs"> Fund Documents </button> </div> </div> <div class="tabbed-content__panels"> <div class="tabbed-content__panel" role="tabpanel" id="tab-1-panel" aria-labelledby="tab-1" data-identifier="contact-us-tabs" > <div class="container"> <section class="vertical-tab__wrapper" data-module="vertical-tab" aria-label="Investment philosophy"> <header class="vertical-tab__header"> <h2></h2> <h2 class="vertical-tab__heading" id="across-container-header">Investment philosophy</h2> </header> <div class="vertical-tab__tablist" role="tablist" aria-label="tab list"> <div class="vertical-tab__button-wrapper"> <button class="vertical-tab__tab-btn" role="tab" aria-selected="false" aria-controls="tab-6481B7AFB62E4D35834A77BBE5E45403" id="button-6481B7AFB62E4D35834A77BBE5E45403" data-index="0"> Mispricings </button> <button class="vertical-tab__toggle-btn" data-index="0"> <svg viewBox="0 0 120 120" width="20" height="20" aria-label="expand" class="vertical-tab__toggle-svg"> <use xlink:href="#expand" /> </svg> </button> </div> <div class="vertical-tab__content" tabindex="0" role="tabpanel" id="tab-6481B7AFB62E4D35834A77BBE5E45403" aria-labelledby="button-6481B7AFB62E4D35834A77BBE5E45403"> <div class="vertical-tab__content-copy"> <div class="rtf"> <p><span style="font-size: 24px;">Financial assets are often mispriced due to behavioural errors, such as incorrectly processing information or acting on incomplete information.</span></p> </div> </div> </div> <div class="vertical-tab__button-wrapper"> <button class="vertical-tab__tab-btn" role="tab" aria-selected="false" aria-controls="tab-27F02B4307714A7699A529C1889882F7" id="button-27F02B4307714A7699A529C1889882F7" data-index="1"> Multi-faceted </button> <button class="vertical-tab__toggle-btn" data-index="1"> <svg viewBox="0 0 120 120" width="20" height="20" aria-label="expand" class="vertical-tab__toggle-svg"> <use xlink:href="#expand" /> </svg> </button> </div> <div class="vertical-tab__content" tabindex="0" role="tabpanel" id="tab-27F02B4307714A7699A529C1889882F7" aria-labelledby="button-27F02B4307714A7699A529C1889882F7"> <div class="vertical-tab__content-copy"> <div class="rtf"> <p><span style="font-size: 24px;">Top-performing companies display many qualities. Their success is multi-faceted and cannot be attributed to any single factor.</span></p> </div> </div> </div> <div class="vertical-tab__button-wrapper"> <button class="vertical-tab__tab-btn" role="tab" aria-selected="false" aria-controls="tab-436CDF7123A44DB3BC577A7D3CE8C536" id="button-436CDF7123A44DB3BC577A7D3CE8C536" data-index="2"> Systematic </button> <button class="vertical-tab__toggle-btn" data-index="2"> <svg viewBox="0 0 120 120" width="20" height="20" aria-label="expand" class="vertical-tab__toggle-svg"> <use xlink:href="#expand" /> </svg> </button> </div> <div class="vertical-tab__content" tabindex="0" role="tabpanel" id="tab-436CDF7123A44DB3BC577A7D3CE8C536" aria-labelledby="button-436CDF7123A44DB3BC577A7D3CE8C536"> <div class="vertical-tab__content-copy"> <div class="rtf"> <span style="font-size: 24px;">Market inefficiencies and attractive opportunities are best captured using systematic processes.</span> </div> </div> </div> <div class="vertical-tab__button-wrapper"> <button class="vertical-tab__tab-btn" role="tab" aria-selected="false" aria-controls="tab-58A6AD0FCAEA47CBB9C01C630B436460" id="button-58A6AD0FCAEA47CBB9C01C630B436460" data-index="3"> Technology </button> <button class="vertical-tab__toggle-btn" data-index="3"> <svg viewBox="0 0 120 120" width="20" height="20" aria-label="expand" class="vertical-tab__toggle-svg"> <use xlink:href="#expand" /> </svg> </button> </div> <div class="vertical-tab__content" tabindex="0" role="tabpanel" id="tab-58A6AD0FCAEA47CBB9C01C630B436460" aria-labelledby="button-58A6AD0FCAEA47CBB9C01C630B436460"> <div class="vertical-tab__content-copy"> <div class="rtf"> <p><span style="font-size: 24px;">Curated application of artificial intelligence (AI) and machine learning (ML) technology can help extract pertinent information from large, complex datasets.</span></p> </div> </div> </div> <div class="vertical-tab__button-wrapper"> <button class="vertical-tab__tab-btn" role="tab" aria-selected="false" aria-controls="tab-B06B1292AACF4888828CC552E2CEC248" id="button-B06B1292AACF4888828CC552E2CEC248" data-index="4"> Dynamic </button> <button class="vertical-tab__toggle-btn" data-index="4"> <svg viewBox="0 0 120 120" width="20" height="20" aria-label="expand" class="vertical-tab__toggle-svg"> <use xlink:href="#expand" /> </svg> </button> </div> <div class="vertical-tab__content" tabindex="0" role="tabpanel" id="tab-B06B1292AACF4888828CC552E2CEC248" aria-labelledby="button-B06B1292AACF4888828CC552E2CEC248"> <div class="vertical-tab__content-copy"> <div class="rtf"> <p><span style="font-size: 24px;">Investment processes must be dynamic and adapt to changes in investor behaviour and the investment environment.</span></p> </div> </div> </div> <div class="vertical-tab__button-wrapper"> <button class="vertical-tab__tab-btn" role="tab" aria-selected="false" aria-controls="tab-97D67503BF594DC0AC84B9FF7941A8D5" id="button-97D67503BF594DC0AC84B9FF7941A8D5" data-index="5"> Innovation </button> <button class="vertical-tab__toggle-btn" data-index="5"> <svg viewBox="0 0 120 120" width="20" height="20" aria-label="expand" class="vertical-tab__toggle-svg"> <use xlink:href="#expand" /> </svg> </button> </div> <div class="vertical-tab__content" tabindex="0" role="tabpanel" id="tab-97D67503BF594DC0AC84B9FF7941A8D5" aria-labelledby="button-97D67503BF594DC0AC84B9FF7941A8D5"> <div class="vertical-tab__content-copy"> <div class="rtf"> <p><span style="font-size: 24px;"> Acadian’s edge comes from embracing innovative ideas and continuously investing in people, technology, and data.</span></p> </div> </div> </div> <div class="vertical-tab__box-animator"></div> </div> </section><article class="s-content-card" aria-label="Why Managed Volatility for geared Australian equities?"> <picture class="s-content-card__image-wrapper"> <source media="(max-width: 768px)" srcset="/au/-/media/images/content/s-curve-cards/aus/aus-s-curve-03-01.png?as=0&w=360&hash=72C5618EE2F6611C6D88FAA0DDFF1294" /> <img class="s-content-card__image" alt="" width="1014" height="860" loading="lazy" role="presentation" src="/au/-/media/images/content/s-curve-cards/aus/aus-s-curve-03-01.png?as=0&w=1014&hash=DE390D86DF78A34FE0517E5817D544E2" /> </picture> <div class="s-content-card__content"> <h2 class="s-content-card__title">Why Managed Volatility for geared Australian equities?</h2> <div class="s-content-card__copy rtf"> <ul> <li>The fund uses gearing (managed by CFS) with the aim of <strong>magnifying returns</strong> from the underlying Australian equity strategy. </li> <li>Gearing the underlying strategy has the potential to<strong> reduce drawdowns</strong> compared to gearing a normal index strategy and therefore aim to provide <strong>higher expected returns</strong> for <strong>lower risk</strong> over the long term.</li> <li>Empirical evidence shows low-risk equities have delivered returns on par with average-risk equities and <strong>substantially better returns than high-risk equities over the long term</strong>.</li> <li>This is known as the<strong> low volatility anomaly</strong>, and the managed volatility strategy aims to exploit this.</li> <li>In addition to <strong>risk and return forecasts</strong>, Acadian’s investment process incorporates <strong>transaction cost</strong> estimates, <strong>portfolio constraints,</strong> and<strong> security correlations</strong> to enhance returns.</li> <li>The fund uses gearing (managed by CFS) with the aim of<strong> magnifying returns</strong> from the underlying Australian equity strategy. </li> <li>Gearing the underlying strategy has the potential to reduce drawdowns compared to gearing a normal index strategy and therefore aim to provide <strong>higher expected returns</strong> for <strong>lower risk </strong>over the long term.<br /> <br /> </li> </ul> </div> </div> </article> </div> </div> <div class="tabbed-content__panel" role="tabpanel" id="tab-2-panel" aria-labelledby="tab-2" data-identifier="contact-us-tabs" aria-hidden="true"> <div class="container"> <div class="rtf"> <p>As of August 2024<span style="color: var(--color-anthracite);"></span></p> <table style="width: 698px; height: 201px;"> <tbody> <tr> <td><strong><span style="font-size: 18px;">APIR Code</span></strong></td> <td><span style="font-size: 18px;">FSF0453AU</span></td> </tr> <tr> <td><strong><span style="font-size: 18px;"> Inception Date</span></strong></td> <td><span style="font-size: 18px;">14 May 2018</span></td> </tr> <tr> <td><strong><span style="font-size: 18px;"> Management Cost</span></strong></td> <td><span style="font-size: 18px;">0.97% / 2.12% </span></td> </tr> <tr> <td><strong><span style="font-size: 18px;"> Buy / Sell spread</span></strong></td> <td><span style="font-size: 18px;">0.15/0.40%</span></td> </tr> <tr> <td><span style="font-size: 18px;"> <strong>Product Size </strong></span></td> <td><span style="font-size: 18px;">$329 million</span></td> </tr> <tr> <td><span style="font-size: 18px;"> <strong>Benchmark </strong></span></td> <td><span style="font-size: 18px;">S&P / ASX 300 Accumulation Index</span></td> </tr> </tbody> </table> <figcaption>Colonial First State Investments Limited (“CFS”) is the responsible entity for this fund, ABN 98 002 348 352, AFS Licence 232468. You can find the target market determinations (TMD) for this fund at <a href="http://www.cfs.com.au/tmd">www.cfs.com.au/tmd</a>, which include a description of who a financial product might suit. You should also read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at <a href="http://www.cfs.com.au/">www.cfs.com.au</a> or by calling CFS on 13 13 36. All Fund (NAV) returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements available on our website or by calling us. The ‘distribution’ component is the amount paid by the way of distribution, which may include net realised capital gains. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Reference to the benchmark is for comparative purposes only and is not intended to indicate that the Fund will contain the same investments as the benchmark. Investors have the opportunity for losses as well as profits. Past performance is no guarantee of future results. Index Source: Copyright © 2024, Standard & Poor’s Financial Services LLC. All rights reserved.</figcaption> </div> </div> </div> <div class="tabbed-content__panel" role="tabpanel" id="tab-3-panel" aria-labelledby="tab-3" data-identifier="contact-us-tabs" aria-hidden="true"> <div class="container"> <section class="generic-table" aria-labelledby="table-row--4f9841a3-3f19-4fdd-9139-1ba6846504ae"> <h3 class="generic-table__subheading">September 2024</h3> <figure class="generic-table__wrapper rtf" style=" "> <div class="rtf-table-container "> <table> <thead class=""> <tr> <th><span class="sr-only">Column</span></th> <th>Fund (Gross) </th> <th>Fund (NAV)</th> <th> Benchmark</th> <th> Value-Added vs. Benchmark</th> </tr> </thead> <tbody> <tr> <td>One Month Return</td> <td>2.7</td> <td>2.5</td> <td>3.1</td> <td>-0.6</td> </tr> <tr> <td>Three Month Return</td> <td>10.8</td> <td>10.2</td> <td>7.8</td> <td>2.4</td> </tr> <tr> <td>Year-to-Date Return</td> <td>15.8</td> <td>14.0</td> <td>12.3</td> <td>1.7</td> </tr> <tr> <td>One Year Annualized Return</td> <td>28.1</td> <td>25.4</td> <td>21.7</td> <td>3.7</td> </tr> <tr> <td>Three Year Annualized Return</td> <td>7.4</td> <td>5.1</td> <td>8.1</td> <td>-3.0</td> </tr> <tr> <td>Five Year Annualized Return</td> <td>7.3</td> <td>5.0</td> <td>8.3</td> <td>-3.3</td> </tr> <tr> <td>Since Inception Annualized Return</td> <td>8.8</td> <td>6.6</td> <td>7.6</td> <td>-1.0</td> </tr> <tr> <td>Since Inception Sharpe Ratio</td> <td>0.3</td> <td>0.2</td> <td>0.5</td> <td></td> </tr> <tr> <td>Since Inception Beta</td> <td>1.8</td> <td>1.8</td> <td>1.0</td> <td></td> </tr> </tbody> </table> </div> <figcaption> <figure>Colonial First State Investments Limited (“CFS”) is the responsible entity for this fund, ABN 98 002 348 352, AFS Licence 232468. You can find the target market determinations (TMD) for this fund at <a href="http://www.cfs.com.au/tmd">www.cfs.com.au/tmd</a>, which include a description of who a financial product might suit. You should also read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at <a href="http://www.cfs.com.au/">www.cfs.com.au</a> or by calling CFS on 13 13 36. All Fund (NAV) returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements available on our website or by calling us. The ‘distribution’ component is the amount paid by the way of distribution, which may include net realised capital gains. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Reference to the benchmark is for comparative purposes only and is not intended to indicate that the Fund will contain the same investments as the benchmark. Investors have the opportunity for losses as well as profits. Past performance is no guarantee of future results. Index Source: Copyright © 2024, Standard & Poor’s Financial Services LLC. All rights reserved.</figure> </figcaption> </figure> </section> </div> </div> <div class="tabbed-content__panel tabbed-content__panel--two-col" role="tabpanel" id="tab-4-panel" aria-labelledby="tab-4" data-identifier="contact-us-tabs" aria-hidden="true"> <div> <section class="generic-table" aria-labelledby="table-row--038640b4-c259-4574-998b-2afbd048f024"> <h2 id="table-row--038640b4-c259-4574-998b-2afbd048f024" class="generic-table__heading">Top Ten Holdings</h2> <h3 class="generic-table__subheading">As of September 2024</h3> <figure class="generic-table__wrapper rtf" style=" "> <div class="rtf-table-container "> <table> <thead class=""> <tr> <th><span class="sr-only">Column</span></th> <th>% of Portfolio</th> </tr> </thead> <tbody> <tr> <td> COMMONWEALTH BANK OF AUSTRALIA</td> <td>6.1</td> </tr> <tr> <td>BHP GROUP LTD</td> <td>6.0</td> </tr> <tr> <td>CSL LTD</td> <td>4.4</td> </tr> <tr> <td>BRAMBLES LTD</td> <td>3.4</td> </tr> <tr> <td>ARISTOCRAT LEISURE LTD</td> <td>3.4</td> </tr> <tr> <td>COLES GROUP LTD</td> <td>3.2</td> </tr> <tr> <td>TELSTRA GROUP LTD</td> <td>2.9</td> </tr> <tr> <td>COMPUTERSHARE LTD</td> <td>2.9</td> </tr> <tr> <td>WOOLWORTHS GROUP LTD</td> <td>2.8</td> </tr> <tr> <td>LOTTERY CORP LTD</td> <td>2.7</td> </tr> <tr> <td>NUMBER OF SECURITIES</td> <td>107</td> </tr> <tr> <td>% OF PORTFOLIO FOR TOP 10 CURRENT HOLDINGS</td> <td>37.9</td> </tr> <tr> <td>% OF NON-BENCHMARK PORTFOLIO HOLDINGS</td> <td>2.2</td> </tr> </tbody> </table> </div> <figcaption> <p>To view a full list of quarterly holdings in the Fund, visit <a href="https://www.cfs.com.au/personal/resources/funds-and-performance/portfolio-holdings/investment-options/holdings-view.html?productid=2&optionname=Acadian%20Wholesale%20Geared%20Australian%20Equity&optionid=892&optioncode=FSF0650AU">Colonial First State</a>.</p> <p> </p> <figcaption>Colonial First State Investments Limited (“CFS”) is the responsible entity for this fund, ABN 98 002 348 352, AFS Licence 232468. You can find the target market determinations (TMD) for this fund at <a href="http://www.cfs.com.au/tmd">www.cfs.com.au/tmd</a>, which include a description of who a financial product might suit. You should also read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at <a href="http://www.cfs.com.au/">www.cfs.com.au</a> or by calling CFS on 13 13 36. All Fund (NAV) returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements available on our website or by calling us. The ‘distribution’ component is the amount paid by the way of distribution, which may include net realised capital gains. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Reference to the benchmark is for comparative purposes only and is not intended to indicate that the Fund will contain the same investments as the benchmark. Investors have the opportunity for losses as well as profits. Past performance is no guarantee of future results. Index Source: Copyright © 2024, Standard & Poor’s Financial Services LLC. All rights reserved.</figcaption> </figcaption> </figure> </section> </div> <div> <div class="rtf"> <strong></strong> <h3>Current Positioning - Sector</h3> <p><img alt="" src="/au/-/media/images/au/funds/2024/q3/geared-australian-equity-q3-2024.png" style="height:375px; width:634px;" /></p> </div> </div> </div> <div class="tabbed-content__panel" role="tabpanel" id="tab-5-panel" aria-labelledby="tab-5" data-identifier="contact-us-tabs" aria-hidden="true"> <div class="container"> <div class="document-card-grid__container"> <div class="document-card-grid"> <article class="document-card" aria-labelledby="articl-id"> <a href="/au/-/media/files/strategy-pdfs/australian-funds/acadian-geared-australian-equity---september-2024.pdf" target="" class="document-card__link"> <h3 class="document-card__heading" id="article-id"> Monthly Factsheet </h3> </a> <div class="document-card__document-wrapper"> <span class="document-card__category" href="#category-link"> Strategy DOCUMENT </span> <span class="document-card__icon"> <img src="/au/-/media/images/content/document-grid-card-media-icons/pdf.svg" width="14" height="18"> </span> </div> </article> <article class="document-card" aria-labelledby="articl-id"> <a href="/au/-/media/files/strategy-pdfs/acadian-australia-platform-availability--nov-2024.pdf" target="" class="document-card__link"> <h3 class="document-card__heading" id="article-id"> Platform Availability </h3> </a> <div class="document-card__document-wrapper"> <span class="document-card__category" href="#category-link"> Strategy DOCUMENT </span> <span class="document-card__icon"> <img src="/au/-/media/images/content/document-grid-card-media-icons/pdf.svg" width="14" height="18"> </span> </div> </article> <article class="document-card" aria-labelledby="articl-id"> <a href="/au/-/media/files/strategy-pdfs/australian-funds/australian-product-disclosure-statement-november-2023.pdf" target="" class="document-card__link"> <h3 class="document-card__heading" id="article-id"> Product Disclosure Statement </h3> </a> <div class="document-card__document-wrapper"> <span class="document-card__category" href="#category-link"> Strategy DOCUMENT </span> <span class="document-card__icon"> <img src="/au/-/media/images/content/document-grid-card-media-icons/pdf.svg" width="14" height="18"> </span> </div> </article> <article class="document-card" aria-labelledby="articl-id"> <a href="https://www.cfs.com.au/personal/products/target-market-determinations.html" target="" class="document-card__link"> <h3 class="document-card__heading" id="article-id"> Target Market Determination </h3> </a> <div class="document-card__document-wrapper"> <span class="document-card__category" href="#category-link"> Strategy DOCUMENT </span> <span class="document-card__icon"> <img src="/au/-/media/images/content/document-grid-card-media-icons/pdf.svg" width="14" height="18"> </span> </div> </article> </div> </div> <div class="rtf"> <figcaption>Colonial First State Investments Limited (“CFS”) is the responsible entity for this fund, ABN 98 002 348 352, AFS Licence 232468. You can find the target market determinations (TMD) for this fund at <a href="http://www.cfs.com.au/tmd">www.cfs.com.au/tmd</a>, which include a description of who a financial product might suit. You should also read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at <a href="http://www.cfs.com.au/">www.cfs.com.au</a> or by calling CFS on 13 13 36. All Fund (NAV) returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements available on our website or by calling us. The ‘distribution’ component is the amount paid by the way of distribution, which may include net realised capital gains. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Reference to the benchmark is for comparative purposes only and is not intended to indicate that the Fund will contain the same investments as the benchmark. Investors have the opportunity for losses as well as profits. Past performance is no guarantee of future results. Index Source: Copyright © 2024, Standard & Poor’s Financial Services LLC. All rights reserved.</figcaption> </div> </div> </div> </div> </section> <section class="disclaimer__container form__disclaimer" data-module="disclaimer" aria-label=""> <h3 class="disclaimer__heading"> </h3> <div class="disclaimer__text-container"> <div class="disclaimer__text disclaimer__text--clamp"> <p>Acadian Asset Management (Australia) Limited (“Acadian Australia”) ABN 41 114 200 127 is the holder of Australian financial services license ("AFSL") number 291872. It is also registered as an investment adviser with the U.S. Securities and Exchange Commission ("SEC"). Under the terms of its AFSL, Acadian Australia is limited to providing the financial services under its license to wholesale clients only. <br /> Acadian Australia is a wholly owned subsidiary of Acadian Asset Management LLC (“Acadian”), a U.S. registered investment adviser regulated by the U.S. SEC. Acadian is exempt from the requirement to hold an AFSL under the Corporations Act 2001 (Cth) ("Corporations Act"). Acadian is regulated by the SEC under United States of America laws, which differ from Australian laws. This website is intended only to provide a summary of the subject matter covered. It does not purport to be comprehensive or to provide legal, taxation or other advice on the subject matter. No reader should act on the basis of any matter contained in this website without first obtaining specific professional advice. <br /> The information on this web page is provided to you because Acadian Australia reasonably believes that you are a "wholesale client" within the meaning of that term under the Corporations Act and not any other class of persons. This information is not an advertisement and is not intended to induce retail clients to invest in any product. Retail clients who are interested in products referenced on this website should contact their financial adviser.<br /> In Australia ‘Colonial’, ‘Colonial First State’, and ‘CFS’ are trademarks of Colonial Holding Company Limited and all of these trademarks are used on this website with consent.</p> </div> </div> <div class="disclaimer__cta-container"> <button class="btn btn--primary disclaimer__cta--show-more ignore-rtf" type="button"> Show More </button> <button class="btn btn--outline disclaimer__cta--show-less ignore-rtf" type="button"> Show Less </button> </div> </section> </main> <!-- FOOTER--> <footer class="footer"> <div class="footer__container"> <a href="/" class="footer__logo"> <img src="/au/-/media/images/footer/logo-acadian-footer.svg?as=0&h=70&iar=0&w=141&hash=5F235E973A2DEBE590161ABA1875E61A" width="141" height="70" alt="Acadian Footer Logoa" loading="lazy"> </a> <div class="footer__links-wrapper"> <ul class="footer-links__items"> <li class="footer-links__item"> <a class="link link--dark link--small " href="https://adviserinfo.sec.gov/firm/summary/322795"> Compliance </a> </li> <li class="footer-links__item"> <a class="link link--dark link--small " href="/au/privacy-policy"> Privacy Policy </a> </li> <li class="footer-links__item"> <a class="link link--dark link--small " href="/au/legal-disclosures-and-terms"> Legal Disclosures and Terms </a> </li> <li class="footer-links__item"> <a class="link link--dark link--small " href="/au/contact-us"> Fraud Alert </a> </li> </ul> </div> <div class="footer__copyright"> <p class="footer__copyright-text">© Copyright 2024 Acadian Asset Management LLC. All Rights Reserved</p> </div> <div class="footer__social-media-wrapper"> <ul class="footer__social-media"> <li> <a href="https://www.linkedin.com/company/acadian-asset-management/" aria-label="LinkedIn" class="footer-social__item" target="_blank" rel="noopener noreferrer" data-share="true"> <svg viewBox="0 0 120 120" width="30" height="30" role="presentation"> <use xlink:href="#linkedin" /> </svg> <span class="sr-only">(Opens in a new tab)</span> </a> </li> <li> <a href="https://twitter.com/AcadianAsset" aria-label="Twitter" class="footer-social__item" target="_blank" rel="noopener noreferrer" data-share="true"> <svg viewBox="0 0 120 120" width="30" height="30" role="presentation"> <use xlink:href="#twitter" /> </svg> <span class="sr-only">(Opens in a new tab)</span> </a> </li> </ul> </div> </div> </footer> <script type="application/ld+json"> {"@context":"https://schema.org","@type":"Person","name":"Geared Core Australian Equity","url":"https://www.acadian-asset.com/au/strategies/geared-core-australian-equity","hasOccupation":{"@type":"Occupation"}} </script> <script> fetch('/Areas/acadianAU/Content/images/svgsheet.svg') .then((blob) => blob.text()) .then((response) => { const div = document.createElement('div'); div.style.display = 'none'; div.innerHTML = response; document.body.insertBefore(div, document.body.childNodes[0]); }) </script> <script src="/Areas/acadianAU/scripts/main.bundle.js?v=638647563680000000"></script> <script> window.acadian = { labels: { goToPage: "Go to", paginationAriaLabel: "Pagination", prevArrow: 'Previous arrow', nextArrow: 'Next arrow' } } </script> <!-- PARDOT Integration--> <script type='text/javascript'> piAId = '986041'; piCId = ''; piHostname = 'go.acadian-asset.com'; (function () { function async_load() { var s = document.createElement('script'); s.type = 'text/javascript'; s.src = ('https:' == document.location.protocol ? 'https://' : 'http://') + piHostname + '/pd.js'; var c = document.getElementsByTagName('script')[0]; c.parentNode.insertBefore(s, c); } if (window.attachEvent) { window.attachEvent('onload', async_load); } else { window.addEventListener('load', async_load, false); } })(); </script> </body> </html>