BetaShares Martin Currie Real Income Fund

OVERVIEW

Important notice: RINC’s investment universe was expanded on 8 August 2022. Refer to the Product Disclosure Statement dated 8 August 2022 and the ASX announcement here for more information.

Fund Objective

RINC invests in an actively managed portfolio primarily comprising listed Australian real assets, such as A-REITs, utilities and infrastructure securities. Up to 20% of the portfolio may be allocated to listed real assets in other global developed countries. RINC aims to generate a pre-tax income yield higher than that produced by the S&P/ASX 200 Index, and to increase that income above the rate of inflation (as measured by the Consumer Price Index) over the long term. The Fund is managed by Franklin Templeton’s Specialist Investment Manager, Martin Currie.

Benefits of RINC

Attractive, growing income

RINC invests in quality companies that own ‘hard’ physical assets and are expected to pay strong dividend income from reliable revenue streams.

Keep pace with inflation

Real asset businesses are typically well-positioned to increase revenue and profit over time, enabling them to grow income in excess of the rise in the cost of living.

Lower concentration risk than Australian Property Securities Index

As RINC’s focus is broader than property, it provides more diversified exposure to listed real assets, avoiding the sector and stock concentration issues associated with the A-REIT Index. The ability to include some allocation to international securities provides opportunity for exposure to real asset sub-sectors not available in Australia.

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 14 August 2022

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.	$8.947

* Data is delayed by at least 20 minutes.

* As at 12 August 2022 04:29:59 PM

Download NAV history

NAV
NAV/Unit*	$9.02

* As at 11 August 2022

Profile

Net Assets* ($A)	$64,374,516
Units Outstanding* (#)	7,135,156
Mgmt Costs** (% p.a.)	0.85%
Distribution Frequency	Quarterly
Distribution Reinvestment Plan (DRP)	Full or partial participation available
Issuer	BetaShares Capital Ltd
Investment Manager	Franklin Templeton Australia Limited
Fund Administrator	Citigroup Pty Limited
Custodian	Citigroup Pty Limited
Registry	Link Market Services
Auditor	KPMG

* As at 11 August 2022

* 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

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.

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.

5.4%

As at 31 July 2022

Portfolio Holdings

Name (in alphabetical order)
AGL ENERGY
APA GROUP
ATLAS ARTERIA
AURIZON HOLDINGS
CHARTER HALL RETAIL REIT
SCENTRE GROUP
SHOPPING CENTRES AUSTRALASIA
STOCKLAND
TRANSURBAN GROUP
VICINITY CENTRES

* As at 29 July 2022. Excludes cash

Sector Allocation

Retail REITs	26.4%
Diversified REITs	14.9%
Highways & Railtracks	12.4%
Electric Utilities	7.0%
Gas Utilities	6.0%
Industrial REITs	5.4%
Specialized REITs	5.3%
Railroads	5.0%
Office REITs	4.7%
Other	12.8%

* As of 31 July 2022

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PERFORMANCE

Fund Returns After Fees (%)

	Fund
1 month	7.28%	-
3 months	-3.43%	-
6 months	3.64%	-
1 year	8.80%	-
3 year p.a	1.27%	-
5 year p.a	-	-
Since inception (p.a)	7.21%	-
Inception date	13-Feb-18	-

* As at 31 July 2022

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

12 Mth Distribution Yield* (%)	3.8%
12 Mth Gross Distribution Yield* (%)	3.9%
Franking Level	8.1%

*As at 31 July 2022. 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-Jul-22	4-Jul-22	18-Jul-22	$0.14982	-
1-Apr-22	4-Apr-22	20-Apr-22	$0.03209	-
4-Jan-22	5-Jan-22	19-Jan-22	$0.13594	-
1-Oct-21	4-Oct-21	18-Oct-21	$0.02509	-
1-Jul-21	2-Jul-21	16-Jul-21	$0.16222	-
1-Apr-21	6-Apr-21	20-Apr-21	$0.0226	-
4-Jan-21	5-Jan-21	19-Jan-21	$0.10452	-
1-Oct-20	2-Oct-20	16-Oct-20	$0.03163	-
1-Jul-20	2-Jul-20	16-Jul-20	$0.15167	-
1-Apr-20	2-Apr-20	20-Apr-20	$0.05752	-
2-Jan-20	3-Jan-20	17-Jan-20	$0.10703	-
1-Oct-19	2-Oct-19	16-Oct-19	$0.0398	-
1-Jul-19	2-Jul-19	16-Jul-19	$0.25336	-
1-Apr-19	2-Apr-19	16-Apr-19	$0.01854	-
2-Jan-19	3-Jan-19	17-Jan-19	$0.12932	-
1-Oct-18	2-Oct-18	16-Oct-18	$0.03082	-
2-Jul-18	3-Jul-18	17-Jul-18	$0.17969	-

⁽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: RINC

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RESOURCES

	Factsheet - RINC	Download
	Product Disclosure Statement - RINC	Download
	Interim Financial Report - December 2021	Download
	Annual Report - June 2021	Download
	FT NRWT and Fund Payment Notice information - June 2022 distributions	Download
	FT NRWT and Fund Payment Notice information - March 2022 distributions	Download
	FT NRWT and Fund Payment Notice information - December 2021 distributions	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

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