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Equity
BetaShares Legg Mason Equity Income Fund (managed fund) (ASX: EINC)
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APIR Code/ASX Ticker {{shareClass.altcodes.apir}} -
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AUM
BetaShares Legg Mason Equity Income Fund (managed fund) (ASX: EINC)
Investment Objective
The Fund 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 Martin Currie.
Highlights
- Attractive income, quality companies - Aims to deliver attractive and sustainable income paid quarterly by investing in high-quality Australian companies
- Multiple ways to grow the income stream - Natural dividend growth combined with active selection of quality companies that have the potential for long-term income growth
- Lower volatility than the sharemarket - Potential for lower volatility than the broad sharemarket through active stock selection and reduced stock and sector concentration
- After-tax efficiency - Low turnover strategy seeks to extract full benefits of franking credits and maximise after tax income for 0% tax payers
Investment Strategy
Play VideoReece Birtles, Chief Investment Officer, Martin Currie Australia, discusses the strategy behind the Active ETF.
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Risks
It is important to understand that the value of the investments may go up and down, investment returns are not guaranteed and investors may lose some of their money. The appropriate level of risk for each person depends on a range of factors, including age, investment time frame and the investor’s risk tolerance.
For more detailed information relating to the risks of the Fund, please refer to the relevant Product Disclosure Statement.
Performance
Calendar Performance
As of| Calendar performance data is not available for selected share class |
| The reported share class has insufficient data history to be able to show past performance. |
Daily Statistics
As of| Daily Statistics data is not available for selected share class |
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Fund Facts
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Portfolio Forecast Yield (%) - Next 12 months
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Yield forecast 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 assumes a zero tax rate. It is not to be interpreted as the offset achieved by unitholders during this period. Actual yield 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.
Three-Year risk statistics (Annualised)
As of| Three Year Risk Statistics data is not available for selected share class |
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Portfolio Characteristics
Sector Allocation (%)
As of 31/12/2020| Banks | 17.41 |
| Non-bank financials | 15.76 |
| Consumer Discretionary | 13.47 |
| Real Estate | 10.77 |
| Communication Services | 9.65 |
| Utilities | 9.06 |
| Materials | 8.95 |
| Consumer Staples | 7.65 |
| Industrials | 5.56 |
| Cash & Cash Equivalents | 1.72 |
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Portfolio holdings and allocation breakdowns are subject to change at any time without notice. The information provided is provided for information purposes only and should not be considered a recommendation to purchase or sell any particular security in the industries shown. Due to rounding totaled percentages may not equal 100%.
A negative cash position may be apparent, which is primarily due to the Fund's unsettled trade activity. This is a more concise approach to defining the cash position and it best represents sector exposures in the Fund.
Martin Currie builds global, stock-driven portfolios based on fundamental research, devoting all of its resources to delivering optimum investment outcomes and superior client relationships.
Qualitative Ratings
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You should refer to respective research houses (and their disclaimers on this page) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated. Ratings are current as at date(s) stated.
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The Lonsec Ratings presented are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial products. Past performance information is for illustrative purposes only and is not indicative of future performance. They are not a recommendation to purchase, sell or hold Legg Mason Asset Management Australia Limited products, and you should seek independent financial advice before investing in these products. The Ratings are subject to change without notice and Lonsec assumes no obligation to update the relevant documents following publication. Lonsec receives a fee from the Fund Manager for researching the products using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings
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The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http:// www.zenithpartners.com.au/RegulatoryGuidelines.
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BetaShares Capital Ltd (ABN 78 139 566 868 AFSL 341181) (BetaShares) is the issuer and responsible entity of the BetaShares Legg Mason Funds (managed fund) (ARSN 608 058 493) (Funds). BetaShares has appointed Legg Mason Asset Management Australia Ltd (ABN 76 004 835 849 AFSL 240827) (Legg Mason Australia) as investment manager for the Funds. Legg Mason Australia is part of Franklin Resources, Inc. Before making an investment decision you should read the Product Disclosure Statement (PDS) for the Fund carefully and consider, with or without the assistance of a financial advisor, whether such an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. The PDS is available and can be obtained by contacting BetaShares on 1300 487 577 or Legg Mason Australia on 1800 679 541 or at www.betashares.com.au or www.leggmason.com.au. This information does not take into account the investment objectives, financial objectives or particular needs of any particular person. Neither BetaShares, Legg Mason Australia, nor any of their related parties guarantees any performance or the return of capital invested. Past performance is not necessarily indicative of future performance. Investments are subject to risks, including, but not limited to, possible delays in payments and loss of income or capital invested.