BetaShares Legg Mason Equity Income Fund

OVERVIEW

Fund Objective

EINC invests in an actively managed portfolio of income-oriented Australian shares that aims to generate an after-tax yield higher than that produced by the S&P/ASX 200 Index, and to grow that income above the rate of inflation. The Fund is managed by Franklin Templeton’s Specialist Investment Manager, Martin Currie.

Benefits of EINC

Attractive income from quality companies

The Fund actively selects quality Australian companies paying attractive income, and with the potential for long-term income growth.

Simple investment strategy, tax efficient

EINC invests only in high-quality shares and does not use derivatives to generate income. Also, the Fund aims to maximise the benefits of franking credits for investors.

Lower volatility

The Fund’s active management approach targets lower portfolio volatility than the S&P/ASX 200 Index and less concentrated stock and sector exposures.

How to Invest

You can buy or sell units just like you’d buy or sell any share on the ASX.
Fund requires no minimum investment.

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KEY FACTS

Pricing Information 22 October 2021

Current Price
Last Trade*	-
% Change (prev day)	-
Bid (delayed)	-
Offer (delayed)	-
iNAV (live)** iNAV stands for Indicative Net Asset Value. It provides an estimate of the net asset value of the Fund during the ASX trading day.	$8.728

* Data is delayed by at least 20 minutes.

* As at 22 October 2021 10:53:28 AM

Download NAV history

NAV
NAV/Unit*	$8.75

* As at 21 October 2021

Profile

Net Assets* ($A)	$29,775,178
Units Outstanding* (#)	3,403,578
Mgmt Costs** (% p.a.)	0.85%
Distribution Frequency	Quarterly
Distribution Reinvestment Plan (DRP)	Full or partial participation available
Issuer	BetaShares Capital Ltd
Investment Manager	Legg Mason Asset Management Australia Limited
Fund Administrator	Citigroup Pty Limited
Custodian	Citigroup Pty Limited
Registry	Link Market Services
Auditor	KPMG

* As at 21 October 2021

* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code	EINC
Bloomberg Code	EINC AU
IRESS Code	EINC.AXW
Trading Hours	10:00-16:00 (AEST)
iNAV IRESS Code	EINCINAV.ETF

Index Information

Index	N/A
Index Provider	N/A
Index Ticker	N/A
Bloomberg Index Ticker	N/A

Portfolio Characteristics

Forecast Gross Portfolio Yield (%)

Yield forecast calculated using the weighted average of broker consensus forecasts of each portfolio holding and research conducted by Legg Mason Australia, is gross of franking credits and excludes Active ETF fees and costs. Actual fund yield may differ due to various factors, including changes in the number of units on issue, and not all investors will be able to receive the full value of franking credits. Neither the yield forecast nor past performance is a guarantee of future results.

6.3%

Forecast Net Portfolio Yield (%)

Yield forecast calculated using the weighted average of broker consensus forecasts of each portfolio holding and research conducted by Legg Mason Australia, and excludes Active ETF fees and costs. Actual fund yield may differ due to various factors, including changes in the number of units on issue. Neither the yield forecast nor past performance is a guarantee of future results.

4.8%

As at 30 September 2021

Portfolio Holdings

Name (in alphabetical order)
AURIZON HOLDINGS
AUSNET SERVICES
AUSTRALIA & NEW ZEALAND BANKING
BHP GROUP
COMMONWEALTH BANK OF AUSTRALIA
HARVEY NORMAN HOLDINGS
MEDIBANK PRIVATE
NATIONAL AUSTRALIA BANK
SUNCORP GROUP
TELSTRA CORP

* As at 30 September 2021. Excludes cash

Sector Allocation

Banks	18.9%
Consumer Discretionary	14.8%
Non-bank financials	14.6%
Communication Services	11.2%
Real Estate	8.9%
Utilities	7.5%
Metals & Mining	7.4%
Consumer Staples	7.0%
Industrials	5.2%
Other	4.4%

* As of 30 September 2021

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PERFORMANCE

Fund Returns After Fees (%)

	Fund
1 month	-0.01%	-
3 months	3.22%	-
6 months	8.44%	-
1 year	30.51%	-
3 year p.a	6.71%	-
5 year p.a	-	-
Since inception (p.a)	6.47%	-
Inception date	13-Feb-18	-

* As at 30 September 2021

Chart

Chart Type

Draw trend line

Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

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DISTRIBUTIONS

Yield Information

Distribution Frequency	Quarterly
12 Mth Distribution Yield* (%)	3.0%
12 Mth Gross Distribution Yield* (%)	3.9%
Franking Level	74.9%

*As at 30 September 2021. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Franking level is total franking level over the last 12 months. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date	Record Date	Payment Date	Distribution Unit ($)	Annual Distribution Return (%) (1)
1-Oct-21	4-Oct-21	18-Oct-21	$0.13168	4.26%
1-Jul-21	2-Jul-21	16-Jul-21	$0.05322	4.02%
1-Apr-21	6-Apr-21	20-Apr-21	$0.08651	3.83%
4-Jan-21	5-Jan-21	19-Jan-21	$0.0552	3.45%
1-Oct-20	2-Oct-20	16-Oct-20	$0.06869	2.93%
1-Jul-20	2-Jul-20	16-Jul-20	$0.03549	3.26%
1-Apr-20	2-Apr-20	20-Apr-20	$0.07947	3.92%
2-Jan-20	3-Jan-20	17-Jan-20	$0.0706	5.30%
1-Oct-19	2-Oct-19	16-Oct-19	$0.09842	5.04%
1-Jul-19	2-Jul-19	16-Jul-19	$0.13062	4.75%
1-Apr-19	2-Apr-19	16-Apr-19	$0.07061	4.04%
2-Jan-19	3-Jan-19	17-Jan-19	$0.07262	-
1-Oct-18	2-Oct-18	16-Oct-18	$0.08964	-
2-Jul-18	3-Jul-18	17-Jul-18	$0.07785	-

⁽¹⁾ This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. It is calculated as the difference between total Fund return and NAV return. NAV return is the change in the Fund's NAV price. Total return is the NAV return plus reinvestment of all distributions back to the Fund. Past performance not indicative of future performance.

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ANNOUNCEMENTS

ASX Announcements: EINC

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RESOURCES

	Factsheet - EINC	Download
	Fund Flyer - EINC	Download
	Product Brochure - EINC	Download
	Equity Income - a multi-decade theme	Download
	EINC - income for growth	Download
	Product Disclosure Statement - EINC	Download
	Product Disclosure Statement Update – 20 September 2021	Download
	Product Disclosure Statement Update - 8 March 2021	Download
	Annual Report - June 2021	Download
	Interim Financial Report - December 2020	Download
	LM NRWT and Fund Payment Notice information - September 2021 distributions	Download
	LM NRWT and Fund Payment Notice information - June 2021 distributions	Download
	LM NRWT and Fund Payment Notice information - March 2021 distributions	Download
	LM NRWT and Fund Payment Notice information - December 2020 distributions	Download

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