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Active Income Portfolio

For those seeking a sustainable income strategy, with a difference.

About The Active Income Portfolio

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 a difference.

Portfolio Performance
Portfolio1M3M6M1Y3Y paITD pa*
Active Income Portfolio2.45%3.89%14.33%26.65%7.20%7.05%
Target 7%0.58%1.75%3.50%7.00%7.00%7.00%
Difference+1.87%+2.14%+10.83%+19.65%+0.20%+0.05%
* Inception date 05/07/2017
Portfolio Holdings trade now
COMPANY CODESTOCK NAMEWEIGHT (%)RISKTIME HORIZONENTRY DATEENTRY PRICE ($)LAST PRICE ($)DIVIDENDS ($)GAIN / LOSS (%)
AMPPBAMP Ltd4ModerateMedium24/12/201910099.495.945.43
BHPBHP Group Ltd5LowLong11/12/201937.7346.014.3333.42
CBACommonwealth Bank of Australia7ModerateMedium13/03/202061.3387.83.1948.36
CBAPGCommonwealth Bank Hybrid5ModerateMedium9/04/2018100103.3413.3716.71
DXSDexus4LowLong10/03/20219.210.099.67
IAGInsurance Australia Group Ltd6ModerateMedium21/10/20204.694.751.28
IFLIOOF Holdings Ltd4ModerateMedium7/10/20203.183.690.1119.5
IGLIVE Group Ltd3ModerateMedium18/06/20182.281.380.44-20.18
MTSMetcash Ltd3ModerateMedium9/12/20203.463.780.1112.43
MXTMCP Master Income Trust5LowLong9/10/201722.040.3419
NABNational Australia Bank Ltd7ModerateLong27/08/202018.7126.720.4945.43
NABPFNational Bank Hybrid5LowLong21/03/2019100106.659.4316.08
RIORio Tinto Ltd5ModerateMedium14/05/201994.42114.3314.6136.56
SIQSmartGroup Corp Ltd3HighMedium25/02/20206.866.90.812.24
SSMService Stream Ltd3HighMedium20/01/20211.771.030.04-39.55
SULSuper Retail Group Ltd4ModerateMedium20/01/202111.9511.950.473.93
TCLTransurban Group4ModerateMedium2/04/202011.8213.820.1618.27
TLSTelstra Corp Ltd4ModerateMedium7/09/20202.883.470.1124.31
XAROActiveX Ardea Real Outcome Bon5LowLong21/10/201926.4726.061.33.36
Portfolio cash position: 14%
Recent Sales trade now
Company codeSTOCK NAMEWEIGHT(%)RISKTIME HORIZONENTRY DATEENTRY PRICE ($)CLOSE PRICE ($)DIVIDENDS ($)GAIN / LOSS (%)
WESWesfarmers Ltd5ModerateMedium15/05/202037.354.982.6154.4
NBINB Global Corporate Income Tru5LowLong26/09/201921.860.171.5
NABNational Australia Bank Ltd3ModerateLong16/03/202118.7126.270.4943.03
ABPAbacus Property Group4ModerateMedium10/03/20213.92.70.09-28.46
SYDSydney Airport4ModerateLong Term20/01/20215.636.18.35
CLWCharter Hall Long WALE REIT4LowLong Term20/01/20214.854.50.15-4.12
MQGPDMacquaire Group 5LowLong Term10/11/2020100104.87.3812.18
PPTPerpetual3HighMedium Term7/10/202042.89297.15-15.71
SULSuper Retail Group3HighMedium Term7/09/20206.1110.60.2878.07
WBCWestpac7.5ModerateMedium Term27/08/202027.8817.561.14-32.93
WPLWoodside Petroleum 4ModerateMedium Term12/08/202034.620.411.93-35.43
XARO AXWActiveX Ardea Real Outcome Bond5LowLong Term15/05/202026.4726.90.182.3
SKISpark Infrastructure 4ModerateMedium Term4/05/20202.161.870.11-8.33
SGPStockland3ModerateMedium Term15/04/20204.4730.14-29.75
MTSMetcash4ModerateMedium Term27/03/20202.623.1118.7
NABNational Australia Bank5ModerateMedium Term13/03/202030.1215.746.15-27.32
CBAPFCBA Capital Note Mar-225LowLong Term25/02/2020101.85103.314.115.27
MXTMCP Master Income Trust 2.5LowLong Term5/02/202022.030.169.5
GMAGenworth 4ModerateMedium Term29/01/20203.163.691.2656.65
TCLTransurban 4ModerateMedium Term11/12/201914.5515.24.47
more

Recent Opinion for the Income Portfolio

Wesfarmers (WES) $55.07

Yesterday we took profit on WES in our Income Portfolio to increase cash levels, however worth remembering this is now a consumer discretionary stock after spinning out Coles with Bunnings making up more than 60% of their earnings.

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Wesfarmers (WES) $54.33

WES has enjoyed a great year with the stock up ~50%, however as it approaches the top of its trading range, and given MM’s view that we should be increasing cash around current levels, we are considering Wesfarmers as a funding vehicle.

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IVE Group (IGL) $1.385

The media & print business has seen a strong rebound in performance over the last 6 months however it is struggling to move higher despite a buy back in place.

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National Australia Bank (NAB) $26.83

MM has made no secret of our like for banks moving forward and its held us in good stead over the last year but with its dividend looming in May an aggressive move on the upside by NAB wouldn’t surprise MM as yield hungry investors eye the fully franked offering.

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Dexus (DXS) $9.82

Dexus is Australia’s largest office landlord and as you can imagine suffered heavily at the hands of COVID, and to date their recovery has not been as swift as many of the other stocks in the sector.

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Wesfarmers (WES) $52.24

The gains have clearly been on the back of a strong market however the Bunnings business which accounts for ~50% of sales but ~62% of profit of the group has also been firing.

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Smart Group (SIQ) $6.17

At the end of FY20 they had a net cash position (i.e. no debt) and that gave them the comfort to pay out a big dividend in March which included a 17.5cps ordinary dividend and a 14.5cps special dividend, both fully franked.

Read more
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History of Actions for the Income Portfolio

WES
UPDATED 15/04/2021 12:45
MM is now neutral WES
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WES
UPDATED 14/04/2021 11:43
MM are selling WES in the Income Portfolio, taking profit around $54.75
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NBI
UPDATED 14/04/2021 11:38
MM are selling NBI in the Income Portfolio, taking profit around $1.86
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NBI
UPDATED 14/04/2021 11:26
MM plan to sell NBI to increase cash
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IGL
UPDATED 14/04/2021 11:26
WES
UPDATED 14/04/2021 11:25
NAB
UPDATED 13/04/2021 11:17
MM will consider trimming our NAB position into strength from say 10% to 5%.
Add To Hit List
DXS
UPDATED 08/04/2021 09:26
MM remains bullish DXS initially targeting $11
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CBAPG
UPDATED 07/04/2021 14:13
MM are neutral hybrids, seeing no clear compelling value at current levels
Add To Hit List
CBA
UPDATED 01/04/2021 08:51
MM remains long and bullish CBA initially targeting fresh 2021 highs.
Add To Hit List
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