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BetaShares Martin Currie Real Income Fund (RINC)

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101675-2023-01-06-02:20.pdf
FUND MANAGER Martin Currie
ASX Code RINC*
APIR
ASSET CLASS ACTIVE EXCHANGE TRADED FUNDS
INVESTMENT STYLE RINC invests in an actively managed portfolio of listed Australian real assets, such as A-REITs, utilities and infrastructure securities.
INVESTMENT PROFILE RINC aims to generate an after-tax income yield higher than that produced by the Benchmark, and to increase that income above the rate of inflation.
CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 13-02-2018
BENCHMARK S&P/ASX 200 Index
FUND SIZE S&P/ASX 200 Index
DISTRIBUTION FREQUENCY Quarterly
NO. OF HOLDINGS 20-45
FEES 0.85% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing in the BetaShares Legg Mason Real Income Fund

The benefits of the Fund include:

  • The opportunity to receive regular income distributions from dividends (including a small component of franked dividends') and net gains on the disposal of assets;
  • The Fund aims to provide long term growth in its income stream to at least match the rate of inflation;
  • Professional management of the Fund by an experienced investment manager;
  • Diversification benefits that would be difficult to achieve through direct investment; and
  • Disciplined portfolio construction.
RISK LEVEL
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

About the Fund

The BetaShares Martin Currie Real Income Fund (managed fund) offers exposure to an actively managed portfolio of real assets, defined as Australian listed property (REITs), utility, infrastructure and like securities that are listed on the Australian Securities Exchange or other developed market exchanges.

Investment objective

The Fund 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.

Key features of the Fund

  • Attractive income - aims to deliver an attractive income stream by investing in high yielding Australian real asset securities
  • Growing, sustainable income stream - income levels are expected to rise with inflation as underlying real-asset businesses increase revenue streams
  • Lower concentration than A-REITs - the Fund has a broader investible universe than the A-REIT market, and therefore expects to show a comparatively low level of stock concentration
  • Lower-than-sharemarket volatility - targets lower volatility than the S&P/ASX 200 Index

How to use this ETF in your portfolio

  • A core portfolio allocation to Australian property securities with greater sector diversification than A-REITs alone
  • Diversify an Australian equities portfolio with an allocation to real assets
  • Seek to enhance income in a portfolio

Mandate

How we invest your money

The Fund seeks to provide a growing income stream by investing in a diversified portfolio of Australian listed real assets (such as A- REITs, utility and infrastructure securities (as defined by Martin Currie Australia)) characterised by established physical assets with recurring cash flows.

The Investment Manager's approach is premised on the philosophy that high-quality listed real assets can sustain dividends, match rises in the cost of living and are likely to be less volatile than the wider equity market.

The Investment Manager relies on complementary fundamental and quantitative research, and collective insights into the current investment landscape, to identify the most attractive opportunities.

The Fund aims to hold investments so that at the time of purchasing securities:

  • exposure to individual securities is no more than 9% of the portfolio; and
  • approximately 20 to 45 securities are held. 

Cash comprises no more than 10% of the Fund.

The Fund is intended to be fully invested at all times with cash being held for liquidity purposes only.