Is AASF a good ETF?
AASF is the Airlie Australian Share Fund - Active ETF. We classify it under AU and Active. With about $887 million in assets it is a solidly established fund.
The management fee of 0.78% is high, which is common for active, geared or thematic strategies and only worth paying if the approach justifies it. For comparison, similar ETFs average around 0.49%. If cost is your priority, MQAE (0.03%), IOZ (0.05%), and VAS (0.07%) cover similar ground for less.
Portfolio turnover is modest at about 25% a year — it reshuffles a meaningful but still limited part of the portfolio annually, which keeps the tax and trading drag manageable.
Things to watch
- A 0.78% management fee is high and compounds against you over time.
- Pricier than similar ETFs, which average around 0.49%.
- Cheaper alternatives exist: MQAE, IOZ, and VAS.
Good to know
- Australian focus means franked dividends and no currency risk, but heavy concentration in banks and miners.
What AASF's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Australian shares. Home-market familiarity, fully franked dividends and no currency risk for local investors — but very concentrated in banks and miners, which dominate the index.
- Market regime
- Sensitive to commodity prices, Chinese demand and domestic interest rates. Generous income, but narrow sector diversification.
- In a portfolio
- A natural core for Australian investors thanks to franking, but should be paired with global exposure so you aren't over-reliant on a handful of banks and resource giants.
Actively managed: a portfolio manager hand-picks holdings trying to beat the index, rather than simply tracking it. You pay more in fees for the chance of outperformance.
- Market regime
- Can add value in volatile, falling or inefficient markets where stock-picking and downside protection matter. In long, broad bull markets most active funds struggle to keep up with the cheap index after fees.
- In a portfolio
- Only worth holding if you have genuine conviction in the strategy — decades of evidence show the majority of active funds underperform their benchmark over 10+ years once fees are counted.
General information only, generated from the fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.