DNR Capital recently announced that its Australian Equities Income Fund has been added to BT Panorama’s superannuation and investment menus.
The DNR Capital Australian Equities Income Fund1 seeks to identify quality medium to long-term investments delivering sustainable, growing income. The Fund seeks to invest in a selection of securities that have sustainable dividend capability, strong profit-to-cash conversion and relatively assured earnings growth.
Scott Kelly, Portfolio Manager for the Fund adds: “Assessing a company’s dividend sustainability is core to our Income Fund. We look for quality companies that can demonstrate the ability to sustain and grow dividends over time.”
The Fund has a concentrated portfolio of up to 30 stocks, with a focus on quality companies that produce above-average income and associated franking credits.
Since it was launched in March last year, the Fund has returned 33.06%, compared with a return of 16.16% for the Fund benchmark, the S&P/ASX 200 Industrials Accumulation Index to 31 March 2021.
Kelly says it a good time for investors looking for dividend income. During the pandemic, boards cut dividends to preserve capital. This resulted in a greater than 30% fall in dividend per share (DPS) for the ASX 200.
With the economic recovery underway and operating conditions improving, earnings are also recovering and boards have started reinstating more generous payout ratios. Energy and Financials performed best during the recent reporting season, with Financials seeing the largest proportion of upgrades. As a result, average one‑year forward dividend expectations rose 1.4%.
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Click here to learn more about the DNR Capital Australian Equities Income Fund.
1DNR Capital Australian Equities Income Fund, ARSN 639 285 902.
IMPORTANT NOTE: This article has been prepared by DNR Capital Pty Ltd, AFS Representative – 294844 of DNR AFSL Pty Ltd ABN 39 118 946 400, AFSL 301658. It is general information only and is not intended to be a recommendation to invest in any product or financial service mentioned above. Whilst DNR Capital has used its best endeavours to ensure the information within this document is accurate it cannot be relied upon in any way and you must make your own enquiries concerning the accuracy of the information within. The information in this document has been prepared for general purposes and does not take into account the investment objectives, financial situation or needs of any particular person nor does the information constitute investment advice. Before making any financial investment decisions you should obtain legal and taxation advice appropriate to your particular needs. Investment in the DNR Capital Australian Equities Income Fund can only be made on completion of all the required documentation. The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL No 235150 (as part of the Perpetual Limited group of companies) is the responsible entity and issuer of units and the PDS for the Fund. An investor should obtain and read the PDS and consider their circumstances before making any investment decision. The PDS is available at the Fund website at www.dnrcapital.com.au/invest, or a paper copy can be obtained, free of charge, upon request by calling DNR Capital Pty Ltd (‘Manager’), the investment manager of the Fund. This material is general information only and not an investment recommendation. The Manager or The Trust Company (RE Services) Limited does not guarantee the repayment of capital from the Fund or the investment performance of the Fund. An investment in this fund is subject to investment risk including loss of some or all of an investor’s principal investment and lower than expected returns.