Betashares Martin Currie Real Income Fund (managed fund)
- Australian shares
- Property
Earn income from an actively managed portfolio of companies with 'real' assets
Overview
Fund objective
RINC invests in an actively managed portfolio of listed Australian real assets, such as A-REITs, utilities and infrastructure securities. It aims to generate an after-tax income yield higher than that produced by the S&P/ASX 200 Index, and to increase that income above the rate of inflation. The Fund is managed by Franklin Templeton’s Specialist Investment Manager, Martin Currie.
Benefits of RINC
-
Attractive, growing income
RINC invests in quality Australian 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.
There are risks associated with an investment in RINC, including market risk, sector 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* | $8.06 |
* As at 29 November 2023
Profile
| Net assets* ($A) | $53,090,125 |
|---|---|
| Units outstanding* (#) | 6,586,057 |
| 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 November 2023
* 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 |
| iNAV IRESS code | RINCINAV.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 (%) | 6.8% |
|---|---|
| Forecast Net Portfolio Yield (%) | 6.6% |
Holdings & allocation
Portfolio holdings
| Name (in alphabetical order) |
|---|
| AGL ENERGY |
| AURIZON HOLDINGS |
| CHARTER HALL RETAIL REIT |
| CHORUS |
| CONTACT ENERGY |
| DIGITAL REALTY TRUST |
| HOMECO DAILY NEEDS REIT |
| NATIONAL GRID PLC |
| SCENTRE GROUP |
| STOCKLAND |
* As at 31 October 2023. Excludes cash
Sector allocation
| Retail REITs | 19.7% |
|---|---|
| Electric Utilities | 11.7% |
| Specialized REITs | 10.8% |
| Multi-Utilities | 10.1% |
| Diversified REITs | 8.3% |
| Ground Transportation | 7.2% |
| Industrial REITs | 5.7% |
| Transportation Infrastructure | 5.7% |
| Telecommunication Services | 5.1% |
| Other | 15.6% |
* As of 31 October 2023
Performance
Fund returns after fees (%)
| Fund | ||
|---|---|---|
| 1 month | -3.65% | - |
| 3 months | -11.68% | - |
| 6 months | -9.34% | - |
| 1 year | -4.37% | - |
| 3 year p.a. | 3.91% | - |
| 5 year p.a. | 2.63% | - |
| 10 year p.a. | - | - |
| Since inception | 3.25% | - |
| 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
| 12 mth distribution yield* | 4.0% |
|---|---|
| 12 mth gross distribution yield* | 4.2% |
| Franking level | 11.2% |
*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.