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Income Portfolio – Amendments

We are buying APA group (APA) into recent weakness. We are starting with a 4% weighting with the understanding that there is a high chance APA Group will need to raise further capital.

APA
MM are buying APA in the Income Portfolio, allocating 4% around $8.60
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APA Group (APA)

We are trimming 3 holdings to fund the majority of the purchase – simply taking 1% out of each of Commonwealth Bank (CBA), IOOF (IFL) & National Bank (NAB) leaving 6% in both CBA & NAB and 5% in IFL.

IFL
MM are trimming CBA, NAB & IFL by 1% each in the Income Portfolio to raise cash for a new purchase
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Commonwealth Bank (CBA)
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