EINC aims to provide an after-tax income yield above the S&P/ASX 200 Index and to grow this income above the rate of inflation. The Fund invests in an actively managed portfolio of income oriented Australian shares and is managed by Legg Mason’s wholly owned equity specialist Martin Currie.
Three reasons to choose EINC:
Attractive income, quality companies
EINC aims to deliver an attractive and growing income stream by investing in high-quality Australian companies, whose cash flow is matched to consumer spending patterns and who the Investment Manager believes has the potential for long-term income growth.
Lower volatility than the sharemarket
EINC aims to deliver lower volatility than the S&P/ASX 200 over time through active stock selection and relatively lower single stock and sector concentration.
Simple investment strategy, tax efficient
The Fund does not use any derivatives to generate income and employs a methodology that optimises for after-tax income, and aims at maximising franking credits for investors.
EINC may be suitable for investors looking for a sustainable, growing income stream, with the potential for lower capital variability than the broad sharemarket. EINC may also be suitable for self-managed super funds that are seeking to complement and diversify their direct holdings of top 20 ASX stocks with a fund that is expected to be underweight those stocks.
RINC aims to provide a pre-tax income yield above the S&P/ASX 200 Index and to grow this income above the rate of inflation. The Fund invests in a portfolio of listed Australian real assets, such as A-REITs, utility and infrastructure securities and is managed by Legg Mason’s wholly owned equity specialist Martin Currie.
Three reasons to invest in RINC:
Real (after inflation) income
RINC invests in a blend of property, infrastructure and utility companies listed on the ASX that generate income levels that are expected to rise with inflation.
Diversify beyond Australian Property Securities
By investing in a broader universe beyond A-REITs the Fund provides sector diversification to portfolios, while maintaining exposure to real assets.
Reduced volatility
RINC invests in high quality Australian real asset securities, and so targets lower volatility than the broader Australian sharemarket.
RINC may be suitable for investors looking for higher income available from shares. It may appeal to retirees as well as investors seeking an alternative to traditional A-REIT or unlisted property strategies, as it offers more sector diversification.
*The yield forecast for the next 12 months is calculated using the weighted average of broker consensus forecasts of each portfolio holding and research conducted by Legg Mason Australia, and excludes the fund’s fees and costs. Franking credit benefit is based on the fund distribution and assumes a zero tax rate. It is not to be interpreted as the offset achieved by unitholders during this period. Actual yield of RINC may differ due to various factors, including changes in the prices of the underlying securities and the number of units on issue. Neither the yield forecast nor past performance is a guarantee of future results. Not all investors will be able to benefit from the full value of franking credits.