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 | 6M | 1y | 3y pa | ITD pa* |
---|---|---|---|---|---|---|
ACTIVE INCOME | (1.33%) | 3.08% | 2.74% | 7.33% | 9.58% | 8.10% |
RBA CASH RATE +4% | 0.65% | 2.05% | 4.07% | 8.08% | 5.83% | 5.17% |
VALUE ADD | (1.98%) | +1.03% | (1.33%) | (0.75%) | +3.75% | +2.93% |
COMPANY CODE | STOCK NAME | WEIGHT (%) | RISK | TIME HORIZON | ENTRY DATE | ENTRY PRICE ($) | LAST PRICE ($) | DIVIDENDS ($) | DAILY CHANGE (%) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|---|
AGL | AGL Ltd | 4 | Moderate | Long | 23/02/2023 | 7.50 | 8.94 | 0.43 | 1.82 | 24.93 |
ANZPI | ANZ Capital Notes 6 | 6 | Low | Long | 8/07/2021 | 100.33 | 103.10 | 12.38 | 0.00 | 15.10 |
APA | APA Group | 5 | Moderate | Medium | 26/05/2023 | 9.82 | 8.29 | 0.56 | 0.36 | -9.88 |
BHP | BHP Group | 8 | Moderate | Long | 11/12/2019 | 40.38 | 43.59 | 13.52 | 2.78 | 41.43 |
CBA | Commonwealth Bank | 6 | Moderate | Medium | 13/03/2020 | 61.33 | 115.78 | 21.05 | -0.58 | 123.10 |
CBAPG | Commonwealth Bank Hybrid | 5 | Low | Medium | 09/04/2018 | 100 | 102.31 | 33.46 | -0.04 | 35.77 |
CNI | Centuria Capital Group | 4 | Moderate | Medium | 29/07/2022 | 2.065 | 1.79 | 0.17 | -0.83 | -5.08 |
DXS | Dexus Property Group | 4 | Moderate | Medium | 13/12/2022 | 8.02 | 7.62 | 0.52 | 0.79 | 1.50 |
GSBG25 | Aust. Govt. Bond 3.25% 21.04.2025 | 6 | Low | Long | 11/05/2022 | 100.54 | 100.71 | 3.79 | 0.33 | 3.94 |
MTS | Metcash | 5 | Moderate | Medium | 9/12/2020 | 3.5 | 3.88 | 0.88 | -0.77 | 36.00 |
NAB | National Australia Bank | 7 | Moderate | Medium | 15/12/2022 | 29.64 | 33.94 | 2.39 | -0.26 | 22.57 |
NABPF | National Bank Hybrid | 5 | Low | Long | 21/03/2019 | 100 | 104.20 | 27.61 | -0.15 | 31.81 |
NABPI | NAB Capital Notes 6 | 5 | Low | Long | 13/07/2022 | 98.94 | 102.59 | 11.77 | -0.28 | 15.59 |
NHC | New Hope Coal | 4 | High | Medium | 22/11/2022 | 5.55 | 4.60 | 0.80 | 3.84 | -2.70 |
ORA | Orora | 4 | Moderate | Medium | 16/11/2023 | 2.56 | 2.65 | 0.05 | 2.32 | 5.47 |
OZBD | BetaShares Australian Composite Bond ETF | 5 | Low | Long | 13/04/2022 | 45.28 | 44.23 | 2.51 | 0.23 | 3.22 |
TLS | Telstra Group | 5 | Low | Medium | 9/06/2021 | 3.43 | 3.78 | 0.80 | -1.05 | 33.53 |
WBCPK | Westpac Hybrid | 5 | Low | Long | 7/09/2022 | 100.40 | 101.50 | 11.65 | -0.04 | 12.70 |
Company code | STOCK NAME | WEIGHT(%) | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|
MFG | Magellan Financial Group | 4 | High | Medium | 08/01/2024 | 8.73 | 9.09 | 0.93 | 14.78 |
WES | Wesfarmers Ltd | 4 | Moderate | Long | 16/11/2023 | 47.85 | 53.94 | 4.16 | 21.42 |
GEM | G8 Education | 3 | Moderate | Medium | 22/08/2023 | 1.29 | 1.08 | 0.06 | -11.63 |
PPT | Perpetual | 4 | Moderate | Medium | 27/06/2023 | 24.7 | 25.4 | 2.83 | |
MXT | MCP Master Income Trust | 5 | Low | Long | 15/06/2023 | 2 | 1.91 | 0.49 | 20 |
AGL | AGL Energy | 1 | Moderate | Medium | 21/04/2023 | 6.95 | 8.59 | 23.6 | |
TLS | Telstra Corp Ltd | 2 | Moderate | Medium | 21/04/2023 | 3.43 | 4.27 | 0.3 | 33.24 |
WES | Wesfarmers Ltd | 2 | Moderate | Medium | 21/04/2023 | 47.85 | 52.01 | 2.69 | 14.32 |
SGP | Stockland | 4 | Moderate | Medium | 08/02/2023 | 4.18 | 4.01 | 0.26 | 0.22 |
PDL | Pendal Group | 4 | Moderate | Medium | 12/01/2023 | 4.2 | 3.61 | 1.67 | 25.71 |
BHP | BHP Group | 2 | Moderate | Long | 08/12/2022 | 38.56 | 46.42 | 10.16 | 46.73 |
AGL | AGL Energy | 3 | Moderate | Medium | 08/12/2022 | 6.83 | 8.07 | 18.15 | |
APA | APA Group | 4 | Moderate | Medium | 08/12/2022 | 9.75 | 11.03 | 13.12 | |
SSM | Service Stream | 4 | High | Medium | 22/11/2022 | 1.565 | 0.745 | 0.05 | -49.2 |
BOQ | Bank of QLD | 6 | Moderate | Medium | 17/08/2022 | 8.7 | 7.37 | 0.31 | -11.72 |
APA | APA Group | 4 | Low | Medium | 10/08/2022 | 8.59 | 12.14 | 0.53 | 47.5 |
CWNHB | Crown Resorts Hybrid | 4 | Moderate | Medium | 29/07/2022 | 98.26 | 102.75 | 3.02 | 7.64 |
IFL | Inisgnia Financial | 5 | Moderate | Medium | 13/07/2022 | 3.59 | 2.73 | 0.4 | -12.81 |
MFG | Magellan Financial Group | 3 | Moderate | Medium | 13/07/2022 | 33.85 | 12.15 | 1.57 | -59.47 |
SIQ | Smart Group | 5 | Moderate | Medium | 13/07/2022 | 6.98 | 6.62 | 1.43 | 15.19 |
WDS | Woodside | 1.45 | High | Medium | 15/06/2022 | 29.76 | 32.54 | 2.3 | 17.05 |
IGL | IVE Group Ltd | 3 | Moderate | Medium | 11/05/2022 | 2.28 | 1.8 | 0.66 | 7.89 |
AGL | AGL Energy | 3 | Moderate | Long | 03/05/2022 | 5.35 | 8.38 | 0.16 | 59.63 |
NSR | National Storage REIT | 4 | Moderate | Medium | 13/04/2022 | 2.04 | 2.65 | 0.09 | 34.31 |
XARO | ActiveX Ardea Real Outcome Bon | 5 | Low | Long | 13/04/2022 | 26.47 | 25.28 | 1.6 | 1.55 |
AWC | Alumina Ltd | 4 | Moderate | Medium | 24/02/2022 | 2.2 | 1.95 | -11.36 | |
DXS | Dexus/AU | 4 | Low | Long | 25/11/2021 | 9.2 | 11.27 | 0.23 | 25 |
IAG | Insurance Australia Group Ltd | 6 | Moderate | Medium | 11/11/2021 | 4.69 | 4.47 | 0.13 | -1.92 |
NAB | National Australia Bank Ltd | 6 | Moderate | Long | 4/11/2021 | 18.71 | 28.7 | 1.35 | 60.61 |
CBA | Commonwealth Bank of Australia | 1 | Moderate | Medium | 29/09/2021 | 61.33 | 102.63 | 6.05 | 77.21 |
Recent Opinion for the Income Portfolio
National Australia Bank (NAB) $33.50
NAB fell 2.8% on Thursday, better than Westpac & ANZ's 3.8% decline but still enough to have a meaningful impact on the index, accounting for 10-points of the ASX200’s decline. Read moreCommonwealth Bank (CBA) $116.22
CBA is often referred to as the most expensive bank in the world, but ever since it floated at $5.40 in 1991, the company has yet to do anything to warrant losing this tag. It is definitely not cheap, but when we combine a fully franked yield of almost 4% with the stability of Australia’s largest bank, it's hard to imagine aggressive selling following Macquarie’s note, especially considering the tax ramifications for many with the stock around its all-time high. Read moreTelstra Group Ltd (TLS) $3.78
Telstra’s 1H24 result was a slight miss, while FY24 guidance was updated towards the lower end of prior guidance. Hence, the stock has drifted lower over recent weeks. Also, TLS is regarded as a defensive stock, and as markets post fresh all-time highs, we are currently in a more “risk-on” environment which doesn’t help the telcos' relative performance. However, the dividend was lifted to 9c, putting the stock on a yield close to 5%. Read moreMetcash Ltd (MTS) $3.93
MTS held a well-attended investor day yesterday, which speaks to the increasing interest in the stock. Tuesday was company presentations, putting more meat on the bones of their strategy, while today will be site visits, probably less well attended! We’ve owned MTS in the Income Portfolio since 2020, and we think the business has improved over that time and should be trading on a higher multiple of a growing earnings stream. Read moreNational Australia Bank (NAB) $34.03
All the banks received some selling attention on Monday, with NAB one of the worst, falling -3.1%, although it's still up ~12% year-to-date with an attractive dividend looming in May. At this stage, Monday's drop represents no more than a blip within a bull market, and if we had no position buying under $33 would look interesting before the run into Mays dividend. Read moreInterest Rates / Bond Yields
Australian shorter-dated yields edged lower following Powell and Lagarde's dovish rhetoric. As the saying goes, “Don’t fight the Fed.” In this case, it’s the Fed, ECB, and BOE! If we see a market-friendly US CPI this week, bond yields could easily make fresh 2024 lows. Read moreNational Australia Bank (NAB) $33.88
NAB made fresh 9-year highs yesterday, and it remains a bullish trend MM is happy to ride. The banks continue to deliver solid results with excess capital and a very benign environment for bad debts providing a tailwind, and with NAB forecast to yield ~5.7% fully franked over the next 12-months, we see no reason to take profits at this stage. Read moreCenturia Capital (CNI) $1.52
The property fund manager reported last week with results that were ‘as expected’ in terms of financial metrics, which we covered here; however, the stock has pulled back sharply after the update. Why? It’s always easier to explain why something happened after the fact, hindsight trading at its best, something many of our competitors are very good at in their hypothetical portfolios! Read moreAPA Group (APA) $8.26
APA -1.23%: shares edged higher today after falling initially on a result that was inline with expectations while they maintained guidance. 1H24 earnings (EBITDA) of $840m was solid as was the 26.5cps dividend. The regulated utility said they were on track to deliver full-year underlying Ebitda of $1.87-1.91bn versus the current consensus of $1.876bn, along with a FY24 dividend of 56cps, putting it on a 6.8% yield. Read moreHistory of Actions for the Income Portfolio
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.