Betashares Martin Currie Equity Income Fund (managed fund)
- Australian shares
Actively managed portfolio of high-yielding, high-quality Australian shares
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.
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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.
There are risks associated with an investment in EINC, including market risk, individual security risk and market making risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
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
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| iNAV (live)** | |
* Data is delayed by at least 20 minutes.
* As at 20 April 2022 04:29:59 PM
| NAV | |
|---|---|
| NAV/Unit* | $8.07 |
* As at 6 December 2023
Profile
| Net assets* ($A) | $22,029,225 |
|---|---|
| Units outstanding* (#) | 2,729,745 |
| Management fee and cost** (p.a.) | 0.85% |
| Investment manager | Franklin Templeton Australia Limited |
| Distribution frequency | Quarterly |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital Ltd |
| Registry | Link Market Services |
* As at 6 December 2023
* 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 |
| iNAV IRESS code | EINCINAV.ETF |
| Market makers | Susquehanna Pacific |
Index information
| Index | N/A |
|---|---|
| Index provider | N/A |
| Index ticker | N/A |
| Bloomberg index ticker | N/A |
Portfolio characteristics
| Forecast Gross Portfolio Yield (%) | 7.0% |
|---|---|
| Forecast Net Portfolio Yield (%) | 5.5% |
Holdings & allocation
Portfolio holdings
| Name (in alphabetical order) |
|---|
| ANZ GROUP |
| ATLAS ARTERIA |
| AURIZON HOLDINGS |
| LOTTERY CORP |
| MEDIBANK PRIVATE |
| NATIONAL AUSTRALIA BANK |
| QBE INSURANCE GROUP |
| SPARK NEW ZEALAND |
| SUNCORP GROUP |
| TELSTRA CORP |
* As at 31 October 2023. Excludes cash
Sector allocation
| Non-bank Financials | 18.7% |
|---|---|
| Banks | 14.3% |
| Industrials | 13.5% |
| Consumer Discretionary | 12.8% |
| Communication Services | 10.9% |
| Real Estate | 8.0% |
| Materials | 6.4% |
| Consumer Staples | 6.1% |
| Energy | 4.1% |
| Other | 5.3% |
* As of 31 October 2023
Performance
Fund returns after fees (%)
| Fund | ||
|---|---|---|
| 1 month | -3.55% | - |
| 3 months | -8.54% | - |
| 6 months | -5.63% | - |
| 1 year | -0.37% | - |
| 3 year p.a. | 7.66% | - |
| 5 year p.a. | 4.86% | - |
| 10 year p.a. | - | - |
| Since inception (p.a.) | 3.66% | - |
| Inception date | 13-Feb-18 | - |
* As at 31 October 2023.
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.
Chart
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Distributions
Yield information
| Distribution frequency | Quarterly |
|---|---|
| 12 mth distribution yield* | 4.4% |
| 12 mth gross distribution yield* | 6.0% |
| Franking level | 90.4% |
*As at 31 October 2023. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.