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 | 6M | 1y | 3y | 5y pa | ITD pa | Total |
|---|---|---|---|---|---|---|---|
| ACTIVE INCOME | 2.60% | 5.18% | 18.98% | 12.91% | 12.61% | 10.51% | 139.84% |
| RBA CASH RATE +4% | 0.59% | 3.75% | 7.78% | 7.78% | 6.42% | 5.55% | 59.41% |
| VALUE ADD | +2.01% | +1.43% | +11.20% | +5.13% | +6.19% | +4.96% | +80.43% |
| CODE | NAME | WEIGHT (%) | RISK | TERM | BUY DATE | BUY PRICE ($) | LAST PRICE ($) | DIVIDENDS ($) | DAILY CHANGE (%) | GAIN / LOSS (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| AGL | AGL Energy | 4 | Moderate | Long | 23/02/2023 | 7.50 | 9.18 | 1.13 | 0.00 | 37.47 |
| AMC | Amcor | 4 | Moderate | Medium | 27/10/2025 | 62.70 | 57.31 | 0.93 | 0.00 | -7.11 |
| ANZ | ANZ Group | 5 | Moderate | Medium | 18/12/2024 | 29.36 | 37.53 | 2.16 | 0.00 | 35.18 |
| AN3PI | ANZ Capital Notes 6 | 6 | Low | Long | 8/07/2021 | 100.33 | 101.84 | 24.88 | 0.00 | 26.30 |
| APA | APA Group | 5 | Moderate | Medium | 26/05/2023 | 9.82 | 9.33 | 1.44 | 0.00 | 9.67 |
| BHP | BHP Group | 8 | Moderate | Long | 11/12/2019 | 40.38 | 49.73 | 17.42 | 0.00 | 66.30 |
| CNI | Centuria Capital Group | 4 | Moderate | Medium | 29/07/2022 | 2.065 | 1.61 | 0.27 | 0.00 | -8.96 |
| DBI | Dalrymple Bay Infrastructure | 4 | Moderate | Medium | 10/10/2024 | 3.37 | 4.97 | 0.34 | 0.00 | 57.57 |
| DN1 | Dominion Income Trust 1 | 5 | Low | Medium | 18/06/2025 | 101.40 | 98.70 | 5.34 | 0.00 | 2.60 |
| FMG | Fortescue Metals | 4 | Moderate | Medium | 27/06/2024 | 21.62 | 19.95 | 2.55 | 0.00 | 4.07 |
| GQG | GQG Partners | 3 | Moderate | Medium | 08/08/2025 | 1.75 | 1.65 | 0.07 | 0.00 | -1.71 |
| JBH | JB Hi Fi | 4 | Moderate | Medium | 26/02/2026 | 83.98 | 76.57 | 3.00 | 0.00 | -5.25 |
| MGR | Mirvac | 4 | Moderate | Medium | 10/03/2026 | 1.875 | 1.85 | 0.00 | -1.33 | |
| MTS | Metcash | 4 | Moderate | Medium | 9/12/2020 | 3.50 | 2.95 | 1.28 | 0.00 | 20.86 |
| NABPI | NAB Capital Notes 6 | 5 | Low | Long | 13/07/2022 | 98.94 | 104.10 | 24.64 | 0.00 | 30.12 |
| NHC | New Hope Coal | 4 | High | Medium | 22/11/2022 | 5.55 | 4.96 | 1.83 | 0.00 | 22.34 |
| PCI | Perpetual Credit Income Trust | 5 | Low | Long | 17/07/2024 | 1.11 | 1.07 | 0.11 | 0.00 | 6.31 |
| SOL | Soul Pattinson (W.H) | 4 | Moderate | Long | 05/02/2026 | 37.68 | 39.15 | 0.00 | 3.90 | |
| SUN | Suncorp Group | 5 | Moderate | Medium | 11/12/2025 | 17.07 | 15.71 | 0.24 | 0.00 | -6.56 |
| SUNPI | Suncorp Hybrid | 5 | Low | Medium | 09/04/2024 | 101.51 | 102.15 | 3.28 | 0.00 | 3.86 |
| WBCPK | Westpac Hybrid | 5 | Low | Long | 7/09/2022 | 100.40 | 103.50 | 26.06 | 0.00 | 29.04 |
| Company code | STOCK NAME | ACTIVITY | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
|---|---|---|---|---|---|---|---|---|---|
| SUL | Super Retail Group | Sold 4% position | Moderate | Medium | 26/02/2026 | 13.97 | 14.01 | 2.61 | 19 |
| DDR | Dicker Data | Sold 3% position | High | Medium | 21/01/2026 | 8.28 | 10.04 | 0.15 | 23.1 |
| SIQ | Smart Group | Sold 4% position | Moderate | Medium | 21/01/2026 | 7.65 | 8.75 | 0.25 | 17.6 |
| NSR | National Storage | Sold 5% position | Moderate | Long | 11/12/2025 | 2.28 | 2.79 | 0.11 | 27.2 |
| HLI | Helia Group | Sold 2.5% position | High | Medium | 27/10/2025 | 4.46 | 5.66 | 0.5 | 38.12 |
| 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
BHP Group Ltd (BHP) $51.96
BHP has already corrected 17% from last week's high, although it has paid a $1.03 fully franked dividend along the way. The firm iron price is supportive of this diversified miner, but it's now more of a copper play, and the lasting impacts of the Iran War could weigh on the industrial metal in the coming weeks/months. Read moreGQG Partners (GQG) $1.805
GQG -5.5%: Released February FUM numbers today which showed net outflows of $US3.2bn, however total FUM was up $US7.3bn to $US172.9bn – implying strong performance. The market clearly focussed on continuing outflows which we think is the wrong way to look at it. Performance feed’s flows, and overall FUM was up nicely with their defensive positioning starting to bear fruit, delivering good outperformance for the month. Read moreBHP Group Ltd (BHP) $55.68
BHP has already corrected ~$4 for the third time in less than 6-months, at this stage, we expect BHP to trade in a $55–$59 range over the coming weeks, with MM remaining in “buy the dip” mode on the Big Australian. Note: BHP trades ex-dividend this morning for 73c fully franked. Read morePrivate Credit: What’s happened at Realm – and what it means for DN1 investors?
The Dominion Income Trust (DN1) is an Australian listed investment trust (LIT) managed by Dominion, which is a brand of Realm Investment House, a locally based credit and fixed income manager overseeing approximately $7.4bn. Realm has a long history in Residential Mortgage-Backed Securities (RMBS), although today it invests broadly across structured and private credit markets. Read moreSuper Retail (SUL) $15.25
SUL +8.39%: shares rallied after the retailer delivered an in-line 1H result but, more importantly, pointed to a clear improvement in trading momentum early in the second half. Read moreBHP Group Ltd (BHP) $56.51
BHP delivered a solid result earlier in the month covered Here which demonstrated the company now enjoys more over 50% of its earnings from copper - this commodities mix is the reason we continue to prefer BHP over RIO. Read moreCenturia Capital (CNI) $1.92
CNI -0.8% delivered a solid first-half result and modestly upgraded its full-year operating EPS, reinforcing confidence in earnings resilience despite ongoing volatility across listed property and capital markets. Read moreFortescue Metals (FMG) $21.14
FMG +4.7% had a good move today after they delivered strong earnings, margin expansion and a dividend ahead of expectations, all underpinned by its industry-leading cost base. Read moreDalrymple Bay Infrastructure (DBI) $5.43
DBI delivered a mixed FY25 result yesterday, with revenue and cash flow both strong, though there was a sharp decline in reported earnings - an accounting rather operational issue. Read moreHistory of Actions for the Income Portfolio
NHC
UPDATED
18/03/2026 08:58
MM remains long & bullish NHC ~$5
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BHP
UPDATED
12/03/2026 09:31
GQG
UPDATED
11/03/2026 16:37
MM remains long & bullish GQG
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BHP
UPDATED
05/03/2026 09:44
DN1
UPDATED
04/03/2026 09:15
While MM remains cautious on Private Credit, having some exposure still makes sense
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BHP
UPDATED
26/02/2026 17:28
SUL
UPDATED
26/02/2026 17:26
DBI
UPDATED
25/02/2026 18:20
SUL
UPDATED
25/02/2026 18:19
MM is selling SUL in the Active Growth & Income Portfolios, taking profit around $14.00
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CNI
UPDATED
25/02/2026 18:18
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