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PUBLIC AUSTRALIA EQUITY FUND (PAUEF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in the Australian market with the balance invested in the New Zealand and domestic markets.
3-Year
Fund Volatility
22.9
very high
Lipper Analytics
10 Jul 2022
Launch Date
08 September 2009
Performance of PAUEF vs its Benchmark Index Over the Following Periods Ended 29/07/2022
PAUEF (%) Benchmark (%) PAUEF (%) Benchmark (%)
Total Return Annualised Return
-0.78 -5.94 -0.78 -5.94
15.34 11.31 4.88 3.64
16.43 10.30 3.09 1.98
66.64 53.41 5.24 4.37
86.96 52.59 4.99 3.35
*Source: Lipper, as at 29 Jul 2022
Performance of PAUEF and Benchmark Index (Since Fund Commencement* to 29/07/2022)
Benchmark: S&P/ASX 200 Index
* Commencement Date - 28 September 2009


  • Public Australia Equity Fund (PAUEF or the Fund) seeks to achieve capital growth over the medium to long-term period by investing in the Australian market with the balance invested in the New Zealand and domestic markets.
  • As at 30 June 2022, 91.8% of PAUEF’s net asset value (NAV) was invested in equities while 8.2% of NAV was invested in money market instruments. The Fund focused on sectors such as Basic Materials, Financial, Consumer, Energy and Technology in the Australian market.
  • For the 10-year period up to 30 June 2022, the Fund registered a total return of +62.38% to outperform its benchmark’s return of +49.36%. This outperformance was led by the Fund’s selected investments in the Financial, Healthcare and Consumer sectors amid higher dividend pay-outs by banking stocks, sustained demand for healthcare services and the resilient consumption within the Australian economy. More recently, the Fund’s selected holdings of Basic Materials stocks benefitted from the rise in commodity prices.
  • For the 3-year and 5-year periods ended 30 June 2022, the Fund registered respective returns of +7.76% and +12.28% to also outperform its benchmark’s respective returns of +3.71% and +5.67%.
  • Going forward, the Fund may continue to be positioned in selected Financial stocks which stand to benefit from the current environment of rising interest rates, while looking to reduce its positions in Basic Materials stocks due to concerns over a slower global economic growth. The Fund may also increase its exposure to the Consumer and Healthcare sectors which have business models that are more resilient so as to weather the current market volatility.


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