Betashares Martin Currie Equity Income Fund (managed fund)

EINC

Actively managed portfolio of high-yielding, high-quality Australian shares

Invest

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.

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 19 December 2023 10:17 AM

NAV
NAV/Unit* $8.63

* As at 29 February 2024

Profile

Net assets* ($A) $22,834,483
Units outstanding* (#) 2,647,050
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 29 February 2024

* 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 (%) 6.4%
Forecast Net Portfolio Yield (%) 5.1%
As at 31 January 2024

Holdings & allocation

Portfolio holdings

Name (in alphabetical order)
ANZ GROUP
AURIZON HOLDINGS
LOTTERY CORP
MEDIBANK PRIVATE
NATIONAL AUSTRALIA BANK
QBE INSURANCE GROUP
SCENTRE GROUP
SUNCORP GROUP
TELSTRA CORP
WESFARMERS

* As at 31 January 2024. Excludes cash

Sector allocation

Non-bank Financials
18.4%
Industrials
14.6%
Banks
14.3%
Consumer Discretionary
13.4%
Communication Services
10.1%
Real Estate
9.0%
Consumer Staples
6.2%
Materials
5.6%
Energy
3.7%
Other
4.6%

* As of 31 January 2024

Performance

Fund returns after fees (%)

  Fund
1 month 2.05% -
3 months 11.11% -
6 months 1.63% -
1 year 4.78% -
3 year p.a. 7.29% -
5 year p.a. 7.22% -
10 year p.a. - -
Since inception 5.35% -
Inception date 13-Feb-18 -

* As at 31 January 2024.
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* 3.8%
12 mth gross distribution yield* 5.2%
Franking level 87.2%

*As at 31 January 2024. 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.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
2-Jan-24 3-Jan-24 17-Jan-24 $0.076461 4.22%
2-Oct-23 3-Oct-23 17-Oct-23 $0.108239 4.43%
3-Jul-23 4-Jul-23 18-Jul-23 $0.062631 4.78%
3-Apr-23 4-Apr-23 20-Apr-23 $0.076191 5.34%
3-Jan-23 4-Jan-23 18-Jan-23 $0.088052 5.36%
3-Oct-22 4-Oct-22 18-Oct-22 $0.125256 6.01%
1-Jul-22 4-Jul-22 18-Jul-22 $0.153723 6.12%
1-Apr-22 4-Apr-22 20-Apr-22 $0.089127 5.62%
4-Jan-22 5-Jan-22 19-Jan-22 $0.174492 5.82%
1-Oct-21 4-Oct-21 18-Oct-21 $0.131683 4.26%
1-Jul-21 2-Jul-21 16-Jul-21 $0.053218 4.02%
1-Apr-21 6-Apr-21 20-Apr-21 $0.08651 3.83%
4-Jan-21 5-Jan-21 19-Jan-21 $0.055196 3.45%
1-Oct-20 2-Oct-20 16-Oct-20 $0.068687 2.93%
1-Jul-20 2-Jul-20 16-Jul-20 $0.035486 3.26%
1-Apr-20 2-Apr-20 20-Apr-20 $0.079473 3.92%
2-Jan-20 3-Jan-20 17-Jan-20 $0.070595 5.30%
1-Oct-19 2-Oct-19 16-Oct-19 $0.098419 5.04%
1-Jul-19 2-Jul-19 16-Jul-19 $0.130621 4.75%
1-Apr-19 2-Apr-19 16-Apr-19 $0.070609 4.04%
2-Jan-19 3-Jan-19 17-Jan-19 $0.072616 -
1-Oct-18 2-Oct-18 16-Oct-18 $0.089637 -
2-Jul-18 3-Jul-18 17-Jul-18 $0.077846 -

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. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.

Announcements

ASX announcements: EINC

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