The Ausbil Australian Emerging Leaders Fund received a four-star rating.
"Our four-star rating on the Ausbil Emerging Leaders Fund reflects our strong conviction in portfolio manager Paul Xiradis and the senior members of the investment team," S&P fund analyst James Gunn said.
"The manager's thematically-driven investment process is well established and has continually demonstrated its ability to outperform across both large caps and mid caps, including at different stages of the market cycle," Gunn said.