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Equity
Legg Mason Martin Currie Real Income Fund
Annualised Net Performance as of
Daily Statistics as of
1 Year
3 Year
5 Year
Daily Statistics as of
YTD Return
Exit Price
APIR Code/ASX Ticker {{shareClass.altcodes.apir}} -
Share Class Inception Date
Performance Inception Date
AUM
Legg Mason Martin Currie Real Income Fund
Investment Objective
The Fund aims to provide a pre-tax income yield above the S&P/ASX 200 Index yield and to grow this income above the rate of inflation.
Highlights
- Invests in Australian listed companies owning real assets (such as property, utility and infrastructures securities) that deliver strong dividend income from reliable revenue streams
- Targets income growth that exceeds the rise in the cost of living by owning securities that can grow revenue and profit over time
- Targets companies with large, sunk capital bases and recurring revenue streams to provide consistent income through the business cycle
Performance Update
Ashton Reid, portfolio manager at Martin Currie provides a quarterly update on the Legg Mason Martin Currie Real Income Fund.
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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
Annualised Performance (%)
As of| The reported share class has insufficient data history to be able to show past performance. |
| 1-y % | 3-y % | 5-y % | 10-y % | Inception | |
|---|---|---|---|---|---|
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. |
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Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The returns shown have been calculated using the net asset value of the Fund from one period to the next and are after fees and expenses. The return of capital is not guaranteed.
Rolling 12 Month Performance
As of| Annual discrete performance data is not available for selected share class |
| The reported share class has insufficient data history to be able to show past performance. |
Cumulative Performance
As of| The reported share class has insufficient data history to be able to show past performance. |
| YTD % | 1-m % | 3-m % | 1-y % | 3-y % | 5-y % | 10-y % | |
|---|---|---|---|---|---|---|---|
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Daily Statistics
As of| Daily Statistics data is not available for selected share class |
| Entry Price | - | |
| Exit Price | - | |
| Total AUM (in millions) | - |
Fund Facts
| Share class inception date | |
| APIR code | |
| Distribution frequency | |
| Management cost | |
| Performance Fee | |
| Buy/Sell spread | |
| Suggested investment timeframe | |
| Unit price frequency |
Next 12 Months Portfolio
| Forecast unfranked portfolio yield | |
| Forecast franked portfolio yield |
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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 Asset Management Australia Limited and is gross of fees. Neither the yield forecasts nor past performance is a guarantee of future results.
Three-Year risk statistics (Annualised)
As of| Three Year Risk Statistics data is not available for selected share class |
| Standard deviation (%) | |
| Sharpe ratio |
Portfolio Characteristics
Portfolio statistics
As of| Number of Holdings | |
| Percentage of top 10 holdings (%) |
Industry breakdown (%)
As of 31/08/2020| Retail REITs | 23.54 |
| Diversified REITs | 23.52 |
| Electric Utilities | 14.08 |
| Office REITs | 10.26 |
| Gas Utilities | 6.39 |
| Railroads | 6.00 |
| Multi-Utilities | 5.06 |
| Industrial REITs | 4.50 |
| Residential REITs | 1.51 |
| Highways & Railtracks | 0.83 |
| Health Care REITs | 0.69 |
| Specialized REITs | 0.11 |
| Oil & Gas Storage & Transportation | 0.06 |
| Water Utilities | 0.03 |
| Real Estate Operating Companies | 0.03 |
| Other | 0.02 |
| Cash & Cash Equivalents | 3.38 |
Country of issue (%)
As of 31/08/2020| Australia | 89.37 |
| New Zealand | 6.57 |
| United States | 0.26 |
| Canada | 0.15 |
| Singapore | 0.08 |
| Hong Kong | 0.07 |
| United Kingdom | 0.04 |
| China | 0.03 |
| Thailand | 0.02 |
| Switzerland | 0.02 |
| Malaysia | 0.01 |
| Cash & Cash Equivalents | 3.38 |
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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.
Ashton Reid, CPA, CFA
Portfolio Manager
With firm since 1998
Andrew Chambers, CA
Portfolio Manager
With firm since 2011
Holdings
Top 10 Holdings (%)
As of 31/08/2020| APA Group | 6.38 |
| Aurizon Holdings Ltd | 5.98 |
| Stockland | 5.73 |
| AusNet Services | 5.54 |
| Scentre Group | 5.40 |
| Dexus | 5.38 |
| Charter Hall Long Wale REIT | 5.36 |
| Shopping Centres Australasia Property Group | 5.27 |
| AGL Energy Ltd | 4.95 |
| Charter Hall Retail REIT | 4.52 |
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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About Legg Mason
Guided by a mission of Investing to Improve LivesTM, Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason has won the Fund Manager of the Year three times over the last four years in 2015, 2017 and 2018.
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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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2020 FE Money Management. All rights reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE Money Management and Lonsec (2) may not be copied or redistributed (3) do not constitute investment advice offered by FE Money Management or Lonsec (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security (5) are not warranted to be correct, complete, or accurate. FE Money Management and Lonsec shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE Money Management and Lonsec does not guarantee that a fund will perform in line with its Fund Manager of the Year award as it reflects past performance only. Likewise, the Fund Manager of the Year award should not be any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.
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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
The information provided should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the security transactions discussed here were, or will prove to be, profitable. All performance figures stated are net of fees. The podcast is issued by Legg Mason Asset Management Australia Limited (ABN 76 004 835 849 AFSL 240827), which is part of the Global Legg Mason Inc. group. Any reference to Legg Mason Australia or Martin Currie Australia is a reference to Legg Mason Asset Management Australia Limited. Martin Currie is a division within Legg Mason Asset Management Australia Limited. Legg Mason Australia is the responsible entity of the Legg Mason Martin Currie Real Income Fund (ARSN 146 910 349) (Fund). Martin Currie Australia is the investment manager of the Fund. Before making an investment decision you should read the Product Disclosure Statement (PDS) carefully and you need to 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 Legg Mason Australia on 1800 679 541 or at www.leggmason.com.au. This product has not been prepared to take into account the investment objectives, financial objectives or particular needs of any particular person. Neither Legg Mason Australia, nor any of its related parties, guarantees the performance or the return of capital invested. Past performance is not 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. These opinions are subject to change without notice and do not constitute investment advice or recommendation.