BetaShares Legg Mason Real Income Fund (managed fund)
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OVERVIEW

About

Aims to provide an attractive and growing income stream, along with portfolio diversification by investing in an actively-managed diversified portfolio of ASX-listed securities holding real or “hard” physical assets

  • Invests in securities exposed to listed property, utilities and infrastructure
  • Focus on real assets aims to produce a regular, growing income stream expected to rise with inflation as underlying real-asset businesses increase their revenue streams.
  • Real assets can have large ‘sunk’ capital bases driving cash flow, so future growth may be less affected by the business cycle, resulting in more stable dividends for investors.
  • Employs a simple investment strategy – investing only in high quality Australian shares and avoiding structured securities
  • Investors benefit from a disciplined portfolio construction approach by an experienced and award winning investment manager – Martin Currie.

Advantages

  • Attractive income – aims to deliver attractive and sustainable income paid quarterly by investing in high yielding Australian real asset securities
  • Growing, sustainable income stream – Income levels are expected to rise with inflation as underlying real-asset businesses increase revenue streams
  • Lower-than-sharemarket volatility – targets lower volatility than the S&P/ASX 200 Index
  • Diversification – The Fund has a broader investible universe than A-REITs, and therefore provides sector diversification as well as expecting to show a comparatively low level of stock concentration

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 17 December 2018

Current Price
Last Trade* $8.54
% Change (prev day) 0%
Bid (delayed) $8.36
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
$8.472
*Data is delayed by at least 20 minutes.
* As at 14 December 2018 04:29 PM
Download NAV history
NAV
NAV/Unit * $8.52
* As at 14 December 2018

Profile

Net Assets* ($A) $17,952,005
Units Outstanding* (#) 2,106,712
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 14 December 2018
* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code RINC
Bloomberg Code RINC AU
IRESS Code RINC.AXW
Trading Hours 10:00-16:00 (AEST)
iNAV IRESS Code RINCINAV.ETF
SMSF Eligible Yes

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.
6.2%
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.
6.0%
As at 30/11/2018

Portfolio Holdings

Name (in alphabetical order)
AGL ENERGY LTD
APA GROUP
AURIZON HOLDINGS LTD
AUSNET SERVICES
CHARTER HALL RETAIL REIT
CONTACT ENERGY LTD
SCENTRE GROUP
STOCKLAND
TRANSURBAN GROUP
VICINITY CENTRES
* As at 30 November 2018

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.83% -2.21%
3 months -2.45% -9.29%
6 months 0.52% -3.68%
1 year - -
3 year p.a - -
5 year p.a - -
Since inception (p.a) 6.28% 0.66%
Inception date 13-Feb-18 -
* As at 30 November 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)
1-Oct-18 2-Oct-18 16-Oct-18 $0.03082 -
2-Jul-18 3-Jul-18 17-Jul-18 $0.17969 -
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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: RINC

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RESOURCES

Factsheet - RINC
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Fund Flyer - RINC
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Product Brochure - RINC
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RINC - real assets, real income
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RINC - property plus
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Equity Income - a multi-decade theme
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Product Disclosure Statement - RINC
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Annual Report - June 2018
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NRWT and Fund Payment Notice information – September 2018 distributions
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LEARN MORE ABOUT RINC

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