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 Performance** UPDATED 30/09/2024 19:00
Portfolio	1M	3M	6M	1y	3y pa	ITD pa*
ACTIVE INCOME	4.13%	6.47%	6.73%	11.42%	8.70%	8.92%
RBA CASH RATE +4%	0.32%	1.72%	3.79%	7.98%	6.49%	5.33%
VALUE ADD	+3.81	+4.75%	+2.94%	+3.44%	+2.21%	+3.59%

* Inception date 05/07/2017

**Portfolio Holdings** 20 MINUTES DELAYED trade now
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	11.73	0.78	-0.09	66.80
ANZPI	ANZ Capital Notes 6	6	Low	Long	8/07/2021	100.33	104.25	16.04	0.00	19.89
APA	APA Group	5	Moderate	Medium	26/05/2023	9.82	7.65	0.86	0.26	-13.34
BHP	BHP Group	8	Moderate	Long	11/12/2019	40.38	43.43	13.52	-1.07	41.04
CBA	Commonwealth Bank	6	Moderate	Medium	13/03/2020	61.33	135.64	28.19	-0.40	167.13
CBAPG	Commonwealth Bank Hybrid	5	Low	Medium	09/04/2018	100	101.45	37.37	0.02	38.82
CNI	Centuria Capital Group	4	Moderate	Medium	29/07/2022	2.065	1.98	0.22	-2.23	6.54
DBI	Dalrymple Bay Infrastructure	4	Moderate	Medium	10/10/2024	3.37	3.39		1.19	0.59
FMG	Fortescue Metals	4	Moderate	Medium	27/06/2024	21.62	19.47	1.27	-1.32	-4.07
MFG	Magellan	4	High	Medium	12/04/2024	9.42	10.43	0.43	-0.10	15.29
MTS	Metcash	5	Moderate	Medium	9/12/2020	3.5	3.52	1.00	-1.12	29.14
NABPI	NAB Capital Notes 6	5	Low	Long	13/07/2022	98.94	105.65	15.54	-0.33	22.49
NHC	New Hope Coal	4	High	Medium	22/11/2022	5.55	5.11	1.35	0.99	16.40
NSR	National Storage REIT	5	Moderate	Medium	16/05/2024	2.28	2.44	0.055	-0.41	9.43
PCI	Perpetual Credit Income Trust	5	Low	Long	17/07/2024	1.11	1.14	0.03	0.44	5.41
SIQ	SmartGroup	4	Moderate	Medium	07/05/2024	8.96	8.61	0.25	0.23	-1.12
SUL	Super Retail Group	4	Moderate	Medium	07/05/2024	13.97	18.08	1.24	-1.42	38.30
TLS	Telstra Group	5	Low	Medium	9/06/2021	3.43	3.86	0.93	-0.26	39.65
WBCPK	Westpac Hybrid	5	Low	Long	7/09/2022	100.40	104.26	15.31	-0.13	19.09

Portfolio cash position: 8%

**Recent Sales** UPDATED 05/08/2024 17:00 trade now
Company code	STOCK NAME	WEIGHT(%)	RISK	TIME HORIZON	EXIT DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
NAB	National Australia Bank	7	Moderate	Medium	08/05/2024	29.64	35.06	2.39	26.35
OZBD	Composite Bond ETF	5	Low	Long	17/07/2024	45.28	44.04	3.07	4.04
GSBG25	Govt Bond	6	Low	Medium	27/06/2024	100.54	99.8	5.41	4.64
DXS	Dexus	4	Moderate	Medium	16/05/2024	8.02	7.26	0.56	-2.49
NABPF	NAB Hybrid	5	Low	Long	7/05/2024	100	106.46	27.61	34.07
ORA	Orora	4	Moderate	Medium	3/04/2024	2.56	2.24	0.05	-10.55
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	4	Low	Long	25/11/2021	9.2	11.27	0.23	25

OPINION
ACTION

Recent Opinion for the Income Portfolio

10/10/2024 09:29

Active Income Portfolio – Amendment

MM is adding a new stock to the Income Portfolio

03/10/2024 09:18

National Storage (NSR) $2.53

NSR is very well positioned after its recently announced Ventures JV with GIC, which should provide short-term earnings support as NSR ramps up on the development front - this self-storage REIT remains one of our core holdings in two portfolios, liking both its 4.3% sustainable yield and strategic direction.

25/09/2024 09:14

Dalrymple Bay Infrastructure (DBI) $3.22

DBI owns and operates a 99-year lease on the coal export terminal called the Dalrymple Day Terminal (DBT) at the Port of Hay Point on the Central Queensland Coast (about 40kms from Mackay)

24/09/2024 09:22

Fortescue Ltd (FMG) $17.69

It was encouraging to see FMG reverse higher even as iron ore flirted with $US90/MT during the Singapore trade. We continue to like FMG as a short-term play targeting the $19-20 area, but the medium term will depend on China's success in turning around its embattled property market.

19/09/2024 09:28

Telstra Group Ltd (TLS) $4.03

TLS delivered a solid FY24 report in August and a mild upgrade to FY25 earnings guidance, helped by price increases across its mobile services, a consumer staple these days. The leading Australian telco has embarked on huge job cuts, with 2,800 announced in May, to lift profits—great for shareholders but, as we found, not service. The telco confirmed in August that it scrapped plans to create an energy business selling power plans as it focuses on its proverbial knitting.

19/09/2024 09:21

Super Retail Group Ltd (SUL) $17.63

We have owned SUL since May, and the position is currently up around 35%. As we’ve discussed in previous reports, we have no plans to take profits on SUL around $18.

18/09/2024 09:25

Metcash Ltd (MTS) $3.57

MTS has resided in our Hitlist for a while as an option for when we want to migrate the portfolio down the risk curve &/or if its price affords us enticing value. The stock is forecast to yield in excess of 6% fully franked over the coming 12-months; hence, with good entry, it’s a solid holding, even for a growth portfolio from a medium-term perspective.

17/09/2024 17:13

New Hope Corp (NHC) $4.32

NHC+1.65%: Reported FY24 results today that were broadly in line from an earnings perspective, and a slight beat in terms of the dividend. While the YoY numbers are a big decline given the high coal prices in FY23 relative to FY24.

16/09/2024 09:00

Trade of the Week

Last week, lithium and uranium names rallied aggressively, while copper, gold, and coal names played supporting roles. However, advances by iron ore stocks were a touch more muted as China supply/demand factors weighed on the sector, e.g. Fortescue (FMG) +8.6%, RIO Tinto (RIO) +4.1%, and BHP Group (BHP) +3%.

13/09/2024 09:23

BHP Group (BHP) $38.81

We quickly added BHP this morning because some subscribers were questioning why it opened down on Thursday. The answer is that it traded ex-dividend $1.10 fully franked. The stock effectively gained 58c yesterday, or +1.5%, and was strong in the US overnight.