BetaShares Legg Mason Equity Income Fund | BetaShares
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OVERVIEW

About

Aims to provide an attractive and growing income stream by investing in an actively-managed diversified portfolio of high quality income-oriented Australian shares.

  • Active stock selection and relatively low single stock and sector concentration provides the potential for lower volatility than the broad sharemarket.
  • Employs a simple investment strategy – investing only in high quality Australian shares and avoiding structured securities, the Fund optimises for after-tax income, and aims at maximising franking credits for investors.
  • Investors benefit from a disciplined portfolio construction approach by an experienced and award winning investment manager – Martin Currie.

Advantages

  • Attractive income, quality companies – Aims to deliver attractive and sustainable income paid quarterly by investing in high-quality Australian companies
  • Diversified income stream – Natural dividend growth combined with active selection of quality companies that have the potential for long-term income growth
  • Lower volatility than the sharemarket – Potential for lower volatility than the broad sharemarket through active stock selection and reduced stock and sector concentration
  • After-tax efficiency – Low turnover strategy seeks to extract full benefits of franking credits and maximise after tax income for 0% tax payers

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

KEY FACTS

Pricing Information 25 May 2018

Current Price
Last Trade* $8.08
% Change (prev day) -0.25%
Bid (delayed) -
Offer (delayed) -
iNAV (live)**
iNAV stands for Indicative Net Asset Value. It is updated every 60 seconds and provides an estimate of the net asset value of the Fund during the trading day
$8.082
*Data is delayed by at least 20 minutes.
* As at 24 May 2018 04:29 PM
Download NAV history
NAV
NAV/Unit * $8.09
* As at 23 May 2018

Profile

Net Assets* ($A) $10,470,593
Units Outstanding* (#) 1,294,930
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 RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 23 May 2018
* 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
SMSF Eligible Yes

Index Information

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

Portfolio Yield Forecast - Next 12 Months

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.
5.5%
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.
7.2%
As at 30/04/2018

Top Exposures

Name (In alphabetical order)
AGL Energy Ltd
Coca-Cola Amatil Ltd
Insurance Australia Group Ltd
IOOF Holdings Ltd
JB Hi-Fi Ltd
National Australia Bank Ltd
Telstra Corp Ltd
Wesfarmers Ltd
Westpac Banking Corp
Woolworths Group Ltd
As of close of trading 30/04/2018
The information above shows underlying share exposures of the Fund.

Sector Allocation

Non-bank financials
19.9%
Banks
15.2%
Consumer staples
15.2%
Consumer discretionary
14.6%
Utilities
10.7%
Real estate
7.3%
Other
17.1%

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.97% 3.91%
3 months - -
6 months - -
1 year - -
3 year p.a - -
5 year p.a - -
Since inception (p.a) 0.60% 3.38%
Inception date 13-Feb-18 -
* As at 30 April 2018

Chart

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.

DISTRIBUTIONS

Yield Information

Distribution Frequency Quarterly
12 Mth Distribution Yield* (%) -
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
- - - - -
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(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.

ANNOUNCEMENTS

ASX Announcements: EINC

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RESOURCES

Factsheet - EINC
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Fund Flyer - EINC
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Product Brochure - EINC
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Product Disclosure Statement - EINC
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LEARN MORE ABOUT EINC

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