6 9
ETL0402AU
AUD 2.2359
AUD 0.0041 As of 27-Oct-26
AUD 189M
As of 30-Sep-26

Blended Research® Global Equity Trust

ETL0402AU
AUD 0.0041 As of 27-Oct-26
As of 30-Sep-26
ETL0402AU
AUD  2.2359
AUD 0.0041 As of 27-Oct-26
AUD 189M
As of 30-Sep-26

Investment Objective

"The Trust aims to seek capital appreciation over the longer term by investing in a diversified portfolio of global shares selected through a blend of fundamental and quantitative research, and aims to outperform the MSCI All Country World ex-Tobacco Index (net dividends reinvested), unhedged, measured in AUD, over a full market cycle, before taking into account fees, taxes and expenses."

Investment Focus

Integrates fundamental and quantitative research in a disciplined portfolio construction process

Invests in above-average quality companies that are trading at favorable valuations with an investment catalyst

Trust Facts

  • Inception Date 03-Apr-2014
  • ARSN 168 190 154
  • APIR ETL0402AU
  • Net Assets (AUD M) As of 30-Sep-26 AUD189.45
  • Exit Price As of 27-Oct-26 AUD2.2359
  • Most Recent Exit Price Change As of 27-Oct-26 AUD0.0041 | 0.18%
  • Management Fee 0.40%
  • Buy/Sell Spread 0.25%
  • Benchmark MSCI All Country World ex Tobacco Index (net div)

Managers

Top 10 Holdings

As of 30-Sep-26

  • NVIDIA CORP
  • APPLE INC
  • MICROSOFT CORP
  • ALPHABET INC
  • AMAZON.COM INC
  • TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
  • ASML HOLDING NV
  • META PLATFORMS INC
  • GILEAD SCIENCES INC
  • NORTHERN TRUST CORP

Performance

Total Return

Total Return (%)

Monthly | Quarterly

As of 30-Sep-26

(*YTD Updated Monthly, As of 30-Sep-26 , subject to revision and not annualized.)
    Annual Performance

    Annual Performance (%)

    As of 31-Dec-25

    |

    Benchmark: MSCI All Country World ex Tobacco Index (net div)

    annual rate of return table
    2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
    Gross of Fees 8.02 16.45 -0.20 26.80 0.49 31.44 -7.24 23.15 31.04 15.77
    Net of Fees 7.48 15.87 -0.69 26.16 -0.01 30.78 -7.70 22.54 30.39 15.22
    MSCI All Country World ex Tobacco Index (net div) 8.39 14.89 0.98 26.87 6.05 25.85 -12.64 21.63 29.41 13.52
    at NAV MSCI All Country World ex Tobacco Index (net div)
    2025 15.77 13.52
    2024 31.04 29.41
    2023 23.15 21.63
    2022 -7.24 -12.64
    2021 31.44 25.85
    2020 0.49 6.05
    2019 26.8 26.87
    2018 -0.2 0.98
    2017 16.45 14.89
    2016 8.02 8.39
    Pricing

    Pricing History

    • Market Price (MP): 
    Historical MP Lookup
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    Portfolio & Holdings Information

    Sector, Holding & Characterstics

    Largest Sector Weights

    As of 30-Sep-26

    The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.

    Holding Characteristics

    Weighted Average Price/earnings ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held in the fund, excluding companies with projected negative earnings.

    Weighted Average Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.

    Weighted Average Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.

    Weighted Average Price/book ratio (P/B) is the ratio of a stock's price to its book value per share.

    Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income has grown over the long-term (typically 3-5 years).  The forecast is derived from all polled analysts' estimates. Source: Ibbotson

    Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.

    Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.

    As of 30-Sep-26

    Data table of holding characteristics
    characterstics Equity Earning
    Weighted Average Price/Earnings (next 12 months) 13.83x
    Weighted Average Price/Cash Flow 14.69x
    Weighted Average Price/Sales 2.02x
    Weighted Average Price/Book 3.17x
    Weighted Average IBES Long Term EPS Growth 20.00%
    Weighted Average Market Cap AUD1611.1b
    Weighted Median Market Cap AUD173.2b
    Number of Issues 141
    Active Share 61.80%
    Portfolio Turnover 53.08%
    % in Top Ten 27.34%

    Performance Statistics

    Updated Monthly As of 30-Sep-26

    Benchmark
    MSCI All Country World ex Tobacco Index (net div)
    Performance Statistics Table
    10 Yr. 5 Yr. 3 Yr.
    Alpha 1.20 3.29 3.27
    Beta 0.99 0.96 0.94
    R-squared 93.89 93.00 90.83
    Standard Deviation % 10.53 10.32 8.99
    Sharpe Ratio 1.18 1.18 1.89
    Tracking Error 2.61 2.76 2.79
    Information Ratio 0.45 1.12 0.89
    Treynor Ratio 12.59 12.73 18.20

    Top 10 Holdings

    As of 30-Sep-26

    • NVIDIA CORP
    • APPLE INC
    • MICROSOFT CORP
    • ALPHABET INC
    • AMAZON.COM INC
    • TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
    • ASML HOLDING NV
    • META PLATFORMS INC
    • GILEAD SCIENCES INC
    • NORTHERN TRUST CORP

    Type Of Holdings (%)

    As of 30-Sep-26

    Sector Weights (%)

    As of 30-Sep-26

    •  % Assets
    • Information Technology
      32.40
    • Financials
      16.02
    • Industrials
      10.91
    • Health Care
      8.88
    • Consumer Discretionary
      7.87
    • Communication Services
      7.08
    • Energy
      4.56
    • Consumer Staples
      3.92
    • Materials
      2.77
    • Utilities
      2.55
    • Real Estate
      1.68
    • Cash & Cash Equivalents
      1.36

    The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.

    Region & Country

    Region & Country

    As of 30-Sep-26

    Region & Country Table
    Region & Country % Assets
    North America

    2 Countries

    67.02

    Emerging Markets

    6 Countries

    12.17

    Europe ex-U.K.

    9 Countries

    10.32

    Japan

    1 Countries

    4.70

    United Kingdom

    1 Countries

    2.76

    Asia/Pacific ex-Japan

    3 Countries

    1.40

    Cash & Cash Equivalents

    1 Countries

    1.36

    Developed - Middle East/Africa

    1 Countries

    0.28

    By Country Table
    By Country

    Top Country Weightings (%)

    As of 30-Sep-26

    • United States
      62.83
    • Japan
      4.70
    • Canada
      4.19
    • South Korea
      3.83
    • France
      3.43
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