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 | 1y | 3y | 5y pa | ITD pa* |
---|---|---|---|---|---|---|
ACTIVE INCOME | 1.52% | 4.76% | 9.06% | 9.89% | 11.31% | 8.37% |
RBA CASH RATE +4% | 0.63% | 1.96% | 8.23% | 7.54% | 6.01% | 5.48% |
VALUE ADD | +0.89% | +2.80% | +0.83% | +2.35% | +5.30% | +2.89% |
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 | 10.05 | 0.78 | 1.82 | 44.40 |
ANZ | ANZ Group | 5 | Moderate | Medium | 18/12/2024 | 29.36 | 30.32 | 1.08 | 0.80 | 6.95 |
ANZPI | ANZ Capital Notes 6 | 6 | Low | Long | 8/07/2021 | 100.33 | 103.46 | 21.52 | 0.00 | 24.57 |
APA | APA Group | 5 | Moderate | Medium | 26/05/2023 | 9.82 | 8.36 | 1.44 | -0.36 | -0.20 |
BHP | BHP Group | 8 | Moderate | Long | 11/12/2019 | 40.38 | 38.73 | 14.64 | -1.38 | 32.17 |
CNI | Centuria Capital Group | 4 | Moderate | Medium | 29/07/2022 | 2.065 | 1.77 | 0.27 | -0.84 | -1.21 |
DBI | Dalrymple Bay Infrastructure | 4 | Moderate | Medium | 10/10/2024 | 3.37 | 4.29 | 0.21 | 3.13 | 33.53 |
DDR | Dicker Data | 3 | High | Medium | 03/07/2025 | 8.28 | 8.35 | -0.36 | 0.85 | |
DN1 | Dominion Income Trust 1 | 5 | Low | Medium | 18/06/2025 | 101.40 | 103.13 | 0.19 | 1.71 | |
FMG | Fortescue Metals | 4 | Moderate | Medium | 27/06/2024 | 21.62 | 16.33 | 1.69 | 0.43 | -16.65 |
HLI | Helia Group | 2 | High | Medium | 03/07/2025 | 4.46 | 4.56 | 1.11 | 2.24 | |
MFG | Magellan Financial Group | 4 | Moderate | Medium | 04/03/2025 | 8.17 | 9.48 | 0.42 | 16.03 | |
MTS | Metcash | 4 | Moderate | Medium | 9/12/2020 | 3.50 | 4.07 | 1.02 | 1.50 | 45.43 |
NABPI | NAB Capital Notes 6 | 5 | Low | Long | 13/07/2022 | 98.94 | 104.48 | 22.97 | 0.16 | 28.82 |
NHC | New Hope Coal | 4 | High | Medium | 22/11/2022 | 5.55 | 3.95 | 1.62 | -3.19 | 0.36 |
NSR | National Storage REIT | 5 | Moderate | Medium | 16/05/2024 | 2.28 | 2.39 | 0.11 | 0.00 | 9.65 |
PCI | Perpetual Credit Income Trust | 5 | Low | Long | 17/07/2024 | 1.11 | 1.22 | 0.09 | 1.25 | 18.02 |
SIQ | Smart Group | 4 | Moderate | Medium | 21/05/2025 | 7.65 | 7.66 | 1.46 | 0.13 | |
SUL | Super Retail Group | 4 | Moderate | Medium | 07/05/2024 | 13.97 | 14.75 | 1.70 | 0.48 | 17.75 |
SUNPI | Suncorp Hybrid | 5 | Low | Medium | 09/04/2024 | 101.51 | 102.46 | 1.67 | 0.06 | 2.58 |
WBCPK | Westpac Hybrid | 5 | Low | Long | 7/09/2022 | 100.40 | 103.41 | 22.78 | 0.54 | 25.69 |
Company code | STOCK NAME | ACTIVITY | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|
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
Magellan Financial Group (MFG) $9.24
We discussed MFG in June, holding a bullish stance and adding it to our Active Growth Portfolios Hitlist - we should have just bought it! MFG has bought back ~4% of issued capital since February, and remains well placed to pursue broader capital management plans, one of the reasons it resides in our Active Income Portfolio Read moreMetcash (MTS) $3.94
Metcash has rallied nicely following stronger-than-expected results in June, and we can see the momentum in the stock pushing shares above $4. Read moreCommonwealth Bank (CBA) $182.58
This may well be an unpopular call, but we feel uncomfortable that new members may be buying CBA, or investors adding funds to Market Matters Invest are increasing their exposure to the world's most expensive bank, trading on what we believe is a very stretched valuation. Read moreLooking in the rearview mirror & through the windscreen into FY26
Standing back and looking at FY25 hides a multitude of sins, or noise, as we often call it. However, ignoring the panic selling around “Liberation Day,” the polarisation on the stock and sector level has been remarkable. As we said, even with the index up 10% for the year, more than 35% of the main board closed lower. Read moreCommonwealth Bank (CBA) $184.35
CBA keeps on marching as the “Certainty Trade” holds firm. Its hard to get excited on CBA when its looks so expensive on every metric one can consider until we take into account its operational execution and ongoing delivery for investors. Read moreMetcash (MTS) $3.80
MTS +2.7%: Delivered a strong FY25 result broadly in line with expectations. Underlying profit was slightly down on the year prior, however the struggling Hardware segment showed strong signs of a turnaround. Read moreActive Growth Portfolio – Amendments
We are making 3 changes to the Active Growth Portfolio today Read moreActive Income Portfolio – Amendments
We are making two changes to the Income Portfolio. Read moreTelstra Group (TLS) $4.88
We’ve written about TLS several times in recent weeks as the stock has rallied, concluding that we like the direction of the telco over the coming years, believing that it affords a solid combination of modest earnings growth, a reasonable yield, supported by ongoing share buy-backs. Read moreHistory of Actions for the Income Portfolio
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