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 a difference.
| Portfolio | 1M | 3M | 6M | 1Y | 3Y pa | ITD pa* |
|---|---|---|---|---|---|---|
| Active Income Portfolio | 2.45% | 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% |
| COMPANY CODE | STOCK NAME | WEIGHT (%) | RISK | TIME HORIZON | ENTRY DATE | ENTRY PRICE ($) | LAST PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
|---|---|---|---|---|---|---|---|---|---|
| AMPPB | AMP Ltd | 4 | Moderate | Medium | 24/12/2019 | 100 | 99.49 | 5.94 | 5.43 |
| BHP | BHP Group Ltd | 5 | Low | Long | 11/12/2019 | 37.73 | 46.01 | 4.33 | 33.42 |
| CBA | Commonwealth Bank of Australia | 7 | Moderate | Medium | 13/03/2020 | 61.33 | 87.8 | 3.19 | 48.36 |
| CBAPG | Commonwealth Bank Hybrid | 5 | Moderate | Medium | 9/04/2018 | 100 | 103.34 | 13.37 | 16.71 |
| DXS | Dexus | 4 | Low | Long | 10/03/2021 | 9.2 | 10.09 | 9.67 | |
| IAG | Insurance Australia Group Ltd | 6 | Moderate | Medium | 21/10/2020 | 4.69 | 4.75 | 1.28 | |
| IFL | IOOF Holdings Ltd | 4 | Moderate | Medium | 7/10/2020 | 3.18 | 3.69 | 0.11 | 19.5 |
| IGL | IVE Group Ltd | 3 | Moderate | Medium | 18/06/2018 | 2.28 | 1.38 | 0.44 | -20.18 |
| MTS | Metcash Ltd | 3 | Moderate | Medium | 9/12/2020 | 3.46 | 3.78 | 0.11 | 12.43 |
| MXT | MCP Master Income Trust | 5 | Low | Long | 9/10/2017 | 2 | 2.04 | 0.34 | 19 |
| NAB | National Australia Bank Ltd | 7 | Moderate | Long | 27/08/2020 | 18.71 | 26.72 | 0.49 | 45.43 |
| NABPF | National Bank Hybrid | 5 | Low | Long | 21/03/2019 | 100 | 106.65 | 9.43 | 16.08 |
| RIO | Rio Tinto Ltd | 5 | Moderate | Medium | 14/05/2019 | 94.42 | 114.33 | 14.61 | 36.56 |
| SIQ | SmartGroup Corp Ltd | 3 | High | Medium | 25/02/2020 | 6.86 | 6.9 | 0.8 | 12.24 |
| SSM | Service Stream Ltd | 3 | High | Medium | 20/01/2021 | 1.77 | 1.03 | 0.04 | -39.55 |
| SUL | Super Retail Group Ltd | 4 | Moderate | Medium | 20/01/2021 | 11.95 | 11.95 | 0.47 | 3.93 |
| TCL | Transurban Group | 4 | Moderate | Medium | 2/04/2020 | 11.82 | 13.82 | 0.16 | 18.27 |
| TLS | Telstra Corp Ltd | 4 | Moderate | Medium | 7/09/2020 | 2.88 | 3.47 | 0.11 | 24.31 |
| XARO | ActiveX Ardea Real Outcome Bon | 5 | Low | Long | 21/10/2019 | 26.47 | 26.06 | 1.3 | 3.36 |
| Company code | STOCK NAME | WEIGHT(%) | RISK | TIME HORIZON | ENTRY DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
|---|---|---|---|---|---|---|---|---|---|
| WES | Wesfarmers Ltd | 5 | Moderate | Medium | 15/05/2020 | 37.3 | 54.98 | 2.61 | 54.4 |
| NBI | NB Global Corporate Income Tru | 5 | Low | Long | 26/09/2019 | 2 | 1.86 | 0.17 | 1.5 |
| NAB | National Australia Bank Ltd | 3 | Moderate | Long | 16/03/2021 | 18.71 | 26.27 | 0.49 | 43.03 |
| ABP | Abacus Property Group | 4 | Moderate | Medium | 10/03/2021 | 3.9 | 2.7 | 0.09 | -28.46 |
| SYD | Sydney Airport | 4 | Moderate | Long Term | 20/01/2021 | 5.63 | 6.1 | 8.35 | |
| CLW | Charter Hall Long WALE REIT | 4 | Low | Long Term | 20/01/2021 | 4.85 | 4.5 | 0.15 | -4.12 |
| MQGPD | Macquaire Group | 5 | Low | Long Term | 10/11/2020 | 100 | 104.8 | 7.38 | 12.18 |
| PPT | Perpetual | 3 | High | Medium Term | 7/10/2020 | 42.89 | 29 | 7.15 | -15.71 |
| SUL | Super Retail Group | 3 | High | Medium Term | 7/09/2020 | 6.11 | 10.6 | 0.28 | 78.07 |
| WBC | Westpac | 7.5 | Moderate | Medium Term | 27/08/2020 | 27.88 | 17.56 | 1.14 | -32.93 |
| WPL | Woodside Petroleum | 4 | Moderate | Medium Term | 12/08/2020 | 34.6 | 20.41 | 1.93 | -35.43 |
| XARO AXW | ActiveX Ardea Real Outcome Bond | 5 | Low | Long Term | 15/05/2020 | 26.47 | 26.9 | 0.18 | 2.3 |
| SKI | Spark Infrastructure | 4 | Moderate | Medium Term | 4/05/2020 | 2.16 | 1.87 | 0.11 | -8.33 |
| SGP | Stockland | 3 | Moderate | Medium Term | 15/04/2020 | 4.47 | 3 | 0.14 | -29.75 |
| MTS | Metcash | 4 | Moderate | Medium Term | 27/03/2020 | 2.62 | 3.11 | 18.7 | |
| NAB | National Australia Bank | 5 | Moderate | Medium Term | 13/03/2020 | 30.12 | 15.74 | 6.15 | -27.32 |
| CBAPF | CBA Capital Note Mar-22 | 5 | Low | Long Term | 25/02/2020 | 101.85 | 103.3 | 14.1 | 15.27 |
| MXT | MCP Master Income Trust | 2.5 | Low | Long Term | 5/02/2020 | 2 | 2.03 | 0.16 | 9.5 |
| GMA | Genworth | 4 | Moderate | Medium Term | 29/01/2020 | 3.16 | 3.69 | 1.26 | 56.65 |
| TCL | Transurban | 4 | Moderate | Medium Term | 11/12/2019 | 14.55 | 15.2 | 4.47 |
Recent Opinion for the Income Portfolio
Income Portfolio – Amendments
We are cutting 2 positions from the Income Portfolio to increase cash Read moreWesfarmers (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. Read moreIVE 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. Read moreNBI Global Corporate Income Trust (NBI) $1.88
We hold the NBI Global Corporate Income Trust (NBI) in the Income Portfolio. Read moreNational 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. Read moreDexus (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. Read moreCommonwealth Bank (CBA) $86.10
Australia’s largest bank is up +6% in 2021 but it has paid an attractive $1.50 fully franked dividend Read moreWesfarmers (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. Read moreSmart 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 moreHistory of Actions for the Income Portfolio
WES
UPDATED 15/04/2021 12:45
WES
UPDATED 14/04/2021 11:43
MM are selling WES in the Income Portfolio, taking profit around $54.75
Add To Hit List NBI
UPDATED 14/04/2021 11:38
MM are selling NBI in the Income Portfolio, taking profit around $1.86
Add To Hit List NBI
UPDATED 14/04/2021 11:26
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
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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