Active Income Portfolio
For those seeking a sustainable income strategy, with a difference.
About the Active Income Portfolio
Our philosophy at Market Matters has always been around active management, and our income portfolio stays true to label. Combining an active approach to income producing equities, ETFs and listed Income Securities such as Hybrids, the portfolio will satisfy those looking for sustainable income with significantly less volatility than the market.
| Portfolio | 1M | 3M | 1y | 3y | 5y pa | ITD pa* |
|---|---|---|---|---|---|---|
| ACTIVE INCOME | 4.32% | 6.93% | 10.07% | 10.41% | 12.12% | 8.82% |
| RBA CASH RATE +4% | 0.66% | 1.96% | 8.19% | 7.61% | 6.07% | 5.49% |
| VALUE ADD | +3.66% | +4.97% | +1.88% | +2.80% | +6.05% | +3.33% |
| CODE | NAME | WEIGHT (%) | RISK | TERM | BUY DATE | BUY PRICE ($) | LAST PRICE ($) | DIVIDENDS ($) | DAILY CHANGE (%) | GAIN / LOSS (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| AGL | AGL Ltd | 4 | Moderate | Long | 23/02/2023 | 7.50 | 8.22 | 1.13 | -0.72 | 24.67 |
| ANZ | ANZ Group | 5 | Moderate | Medium | 18/12/2024 | 29.36 | 33.48 | 1.08 | -0.27 | 17.71 |
| ANZPI | ANZ Capital Notes 6 | 6 | Low | Long | 8/07/2021 | 100.33 | 103.46 | 21.52 | 0.00 | 24.57 |
| APA | APA Group | 5 | Moderate | Medium | 26/05/2023 | 9.82 | 8.80 | 1.44 | -1.01 | 4.28 |
| BHP | BHP Group | 8 | Moderate | Long | 11/12/2019 | 40.38 | 42.85 | 14.64 | 0.35 | 42.37 |
| CNI | Centuria Capital Group | 4 | Moderate | Medium | 29/07/2022 | 2.065 | 2.39 | 0.27 | -1.65 | 28.81 |
| DBI | Dalrymple Bay Infrastructure | 4 | Moderate | Medium | 10/10/2024 | 3.37 | 4.38 | 0.21 | -0.68 | 36.20 |
| DDR | Dicker Data | 3 | High | Medium | 03/07/2025 | 8.28 | 9.79 | 2.84 | 18.24 | |
| DN1 | Dominion Income Trust 1 | 5 | Low | Medium | 18/06/2025 | 101.40 | 101.77 | 0.61 | 0.25 | 0.97 |
| FMG | Fortescue Metals | 4 | Moderate | Medium | 27/06/2024 | 21.62 | 18.40 | 1.69 | -0.65 | -7.08 |
| GQG | GQG Partners | 3 | Moderate | Medium | 08/08/2025 | 1.75 | 1.79 | 0.04 | 2.59 | 4.57 |
| HLI | Helia Group | 2.5 | High | Medium | 03/07/2025 | 4.46 | 5.71 | 1.42 | 28.03 | |
| MTS | Metcash | 4 | Moderate | Medium | 9/12/2020 | 3.50 | 4.20 | 1.16 | -0.71 | 53.14 |
| NABPI | NAB Capital Notes 6 | 5 | Low | Long | 13/07/2022 | 98.94 | 106.01 | 22.97 | 0.39 | 30.36 |
| NHC | New Hope Coal | 4 | High | Medium | 22/11/2022 | 5.55 | 4.48 | 1.62 | -0.88 | 9.91 |
| NSR | National Storage REIT | 5 | Moderate | Medium | 16/05/2024 | 2.28 | 2.41 | 0.11 | -0.82 | 10.53 |
| PCI | Perpetual Credit Income Trust | 5 | Low | Long | 17/07/2024 | 1.11 | 1.18 | 0.10 | 1.29 | 15.32 |
| SIQ | Smart Group | 4 | Moderate | Medium | 21/05/2025 | 7.65 | 9.09 | 0.00 | 18.82 | |
| SUL | Super Retail Group | 4 | Moderate | Medium | 07/05/2024 | 13.97 | 18.28 | 1.70 | -1.56 | 43.02 |
| SUNPI | Suncorp Hybrid | 5 | Low | Medium | 09/04/2024 | 101.51 | 103.85 | 1.67 | -0.24 | 3.95 |
| WBCPK | Westpac Hybrid | 5 | Low | Long | 7/09/2022 | 100.40 | 104.52 | 22.78 | 0.25 | 26.79 |
| Company code | STOCK NAME | ACTIVITY | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
|---|---|---|---|---|---|---|---|---|---|
| MFG | Magellan Financial Group | Sold 4% position | High | Medium | 04/08/2025 | 8.17 | 10.34 | 26.56 | |
| MTS | Metcash | Trimmed 1% | Moderate | Medium | 03/07/2025 | 3.5 | 4 | 1.27 | 50.57 |
| CBA | Commonwealth Bank | Sold 5% position | Moderate | Medium | 03/07/2025 | 61.33 | 180.26 | 32.4 | 246.75 |
| TLS | Telstra Corp Ltd | Sold 5% position | Moderate | Medium | 18/04/2025 | 3.43 | 4.9 | 1.07 | 74.05 |
| CBAPG | Commonwealth Bank | Redeemed 5% position | Low | Long | 15/04/2025 | 100 | 100 | 41.26 | 41.26 |
| SIQ | Smart Group | Sold 4% position | Moderate | Medium | 19/02/2025 | 8.96 | 7.81 | 0.25 | -10.04 |
| CBA | Commonwealth Bank | Trimmed 1% | Moderate | Medium | 18/12/2024 | 61.33 | 159.96 | 28.19 | 206.77 |
| MFG | Magellan Financial Group | Sold 4% position | Moderate | Medium | 06/12/2024 | 9.42 | 11.22 | 0.43 | 23.67 |
| NAB | National Australia Bank | Sold 7% position | Moderate | Medium | 08/05/2024 | 29.64 | 35.06 | 2.39 | 26.35 |
| OZBD | Composite Bond ETF | Sold 5% position | Low | Long | 17/07/2024 | 45.28 | 44.04 | 3.07 | 4.04 |
| GSBG25 | Govt Bond | Sold 6% position | Low | Medium | 27/06/2024 | 100.54 | 99.8 | 5.41 | 4.64 |
| DXS | Dexus | Sold 4% position | Moderate | Medium | 16/05/2024 | 8.02 | 7.26 | 0.56 | -2.49 |
| NABPF | NAB Hybrid | Sold 5% position | Low | Long | 7/05/2024 | 100 | 106.46 | 27.61 | 34.07 |
| ORA | Orora | Sold 4% position | Moderate | Medium | 3/04/2024 | 2.56 | 2.24 | 0.05 | -10.55 |
| MFG | Magellan Financial Group | Sold 4% position | High | Medium | 08/01/2024 | 8.73 | 9.09 | 0.93 | 14.78 |
| WES | Wesfarmers Ltd | Sold 4% position | Moderate | Long | 16/11/2023 | 47.85 | 53.94 | 4.16 | 21.42 |
| GEM | G8 Education | Sold 3% position | Moderate | Medium | 22/08/2023 | 1.29 | 1.08 | 0.06 | -11.63 |
| PPT | Perpetual | Sold 4% position | Moderate | Medium | 27/06/2023 | 24.7 | 25.4 | 2.83 | |
| MXT | MCP Master Income Trust | Sold 5% position | Low | Long | 15/06/2023 | 2 | 1.91 | 0.49 | 20 |
| AGL | AGL Energy | Trimmed 1% | Moderate | Medium | 21/04/2023 | 6.95 | 8.59 | 23.6 | |
| TLS | Telstra Corp Ltd | Trimmed 2% | Moderate | Medium | 21/04/2023 | 3.43 | 4.27 | 0.3 | 33.24 |
| WES | Wesfarmers Ltd | Trimmed 2% | Moderate | Medium | 21/04/2023 | 47.85 | 52.01 | 2.69 | 14.32 |
| SGP | Stockland | Sold 4% position | Moderate | Medium | 08/02/2023 | 4.18 | 4.01 | 0.26 | 0.22 |
| PDL | Pendal Group | Sold 4% position | Moderate | Medium | 12/01/2023 | 4.2 | 3.61 | 1.67 | 25.71 |
| BHP | BHP Group | Trimmed 2% | Moderate | Long | 08/12/2022 | 38.56 | 46.42 | 10.16 | 46.73 |
| AGL | AGL Energy | Sold 3% position | Moderate | Medium | 08/12/2022 | 6.83 | 8.07 | 18.15 | |
| APA | APA Group | Sold 4% position | Moderate | Medium | 08/12/2022 | 9.75 | 11.03 | 13.12 | |
| SSM | Service Stream | Sold 4% position | High | Medium | 22/11/2022 | 1.565 | 0.745 | 0.05 | -49.2 |
| BOQ | Bank of QLD | Sold 6% position | Moderate | Medium | 17/08/2022 | 8.7 | 7.37 | 0.31 | -11.72 |
| APA | APA Group | Sold 4% position | Low | Medium | 10/08/2022 | 8.59 | 12.14 | 0.53 | 47.5 |
| CWNHB | Crown Resorts Hybrid | Sold 4% position | Moderate | Medium | 29/07/2022 | 98.26 | 102.75 | 3.02 | 7.64 |
| IFL | Inisgnia Financial | Sold 5% position | Moderate | Medium | 13/07/2022 | 3.59 | 2.73 | 0.4 | -12.81 |
| MFG | Magellan Financial Group | Sold 3% position | Moderate | Medium | 13/07/2022 | 33.85 | 12.15 | 1.57 | -59.47 |
| SIQ | Smart Group | Sold 5% position | Moderate | Medium | 13/07/2022 | 6.98 | 6.62 | 1.43 | 15.19 |
| WDS | Woodside | Sold 1% position | High | Medium | 15/06/2022 | 29.76 | 32.54 | 2.3 | 17.05 |
| IGL | IVE Group Ltd | Sold 3% position | Moderate | Medium | 11/05/2022 | 2.28 | 1.8 | 0.66 | 7.89 |
| AGL | AGL Energy | Sold 3% position | Moderate | Long | 03/05/2022 | 5.35 | 8.38 | 0.16 | 59.63 |
| NSR | National Storage REIT | Sold 4% position | Moderate | Medium | 13/04/2022 | 2.04 | 2.65 | 0.09 | 34.31 |
| XARO | ActiveX Ardea Real Outcome Bon | Sold 5% position | Low | Long | 13/04/2022 | 26.47 | 25.28 | 1.6 | 1.55 |
| AWC | Alumina Ltd | Sold 4% position | Moderate | Medium | 24/02/2022 | 2.2 | 1.95 | -11.36 | |
| DXS | Dexus | Sold 4% position | Low | Long | 25/11/2021 | 9.2 | 11.27 | 0.23 | 25 |
Recent Opinion for the Income Portfolio
APA Group (APA) v AGL Energy (AGL)
These two utility stocks have recently reported very different results: over the last month, APA has advanced +5.2% while AGL has retreated 16.1%. Read moreFortescue Metals (FMG) $19.22
There is currently only one position in the Active Income Portfolio that is down on our entry price, with FMG 3.3% on the wrong side of the ledger. They reported FY25 earnings yesterday that were solid and largely in line with our expectations, though the dividend of was a touch higher. Read moreDalrymple Bay Infrastructure (DBI) $4.70
DBI -2.08%: delivered a solid first-half result today, with earnings per security coming in at 8.7c, a healthy lift on the 7.4c delivered a year ago. While just shy of the street’s 9c expectation, the result still highlights steady momentum. Read moreAPA Group (APA) $8.85
APA delivered a solid FY25 result on Wednesday with earnings at the top of guidance, and marginally above consensus. Read moreSuper Retail Group (SUL) $18.57
SUL +12.34%: A solid result, although we initially thought we must have missed something when the stock surged above $20. Read moreAPA Group (APA) $8.76
APA +3.42%: Released a solid FY25 result with earnings at the top of guidance and marginally above consensus. We hold this utility in both our income and growth portfolios. Read moreMagellan Financial Group (MFG) $10.78
MFG +1.6%: Was up closer to 11% early in the day after delivering a strong FY25 result. This was a solid operating performance and exciting their partnerships are going so well, although some margin pressure was evident. Read moreCenturia Capital (CNI) $2.15
We touched on the CNI result in yesterday afternoon's The Match Out report, however, it’s worth spending a bit more time on it this morning, given we think this could be a turning point for a position that has required some patience. Read moreBHP Group (BHP) $42.12
BHP +1.57%: Delivered FY25 results broadly in line with consensus, with dividends surprising to the upside despite softer earnings. Read moreHistory of Actions for the Income Portfolio
SUL
UPDATED
02/09/2025 09:40
APA
UPDATED
28/08/2025 08:54
MM prefers APA over AGL
Add To Hit List
FMG
UPDATED
27/08/2025 18:21
DBI
UPDATED
25/08/2025 17:05
APA
UPDATED
22/08/2025 09:06
MM is long and bullish towards APA
Add To Hit List
SUL
UPDATED
21/08/2025 18:10
MFG
UPDATED
20/08/2025 17:35
APA
UPDATED
20/08/2025 17:35
CNI
UPDATED
20/08/2025 09:47
NHC
UPDATED
20/08/2025 08:28
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