PIC Wholesale Income Builder - Managed Fund

Fund Objective

Aims to provide returns from companies that are expected to deliver a growing dividend stream over time.

Fund Strategy

The Fund invests primarily in Australian companies that have the potential to provide future growth in dividends. The Fund is expected to generate tax effective returns by: - investing in companies expected to have high franking levels, and - carefully managing the realisation of capital gains. The Fund is expected to provide returns consistent with investing in a broad range of Australian companies.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

Average of peers ({{ fund.benchmark.peers.peerCount }})

NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	3.1%	-0.71%	7.62%	12.88%	12.43%	8.84%	7.1%	6.7%
Growth return	-3.58%	-7.15%	-0.26%	2.73%	3.39%	-0.86%	-0.77%	-1.28%
Income return	6.68%	6.44%	7.88%	10.15%	9.04%	9.7%	7.87%	7.98%
Market index (S&P/ASX 200 TR AUD)
Total return	-1.31%	2.1%	8.44%	24.89%	13.39%	8.01%	8.17%	8.32%

As at 30 Jun 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

PIC Wholesale Income Builder

Australian Equities: 89.15%

International Equities: 2.52%

Cash: 2.36%

Property: 5.54%

Alternatives: 0.43%

Fixed Interest: 0%

Average Allocation of Peers

Australian Equities: 93.36%

International Equities: 4.21%

Cash: -0.08%

Property: 2.11%

Alternatives: 0.01%

Fixed Interest: 0.40%

General Information

Fund Details

Type	Description
Fund Name	PIC Wholesale Income Builder (Wholesale)
Responsible Entity	MLC Investments Limited
APIR Code	MLC0781AU
Sector/Asset Class	Australia Equity Income
Morningstar Rating	(as at 30 Jun 2024)
Legal Structure	Investment Fund
Fund Inception	14 Mar 2007
Fund Size	n/a
Entry Price	$1.72894 (as at 28 Jun 2024)
Exit Price	$1.72032 (as at 28 Jun 2024)
Fund Status	Finalised

Offer information

Type	Description
MER	0.72% (as at 30 Nov 2023)
Indirect Cost Ratio (ICR)	0.72% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0
Minimum initial investment
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Jul 2024)

Holding (as at 31 Jul 2024)	Type	% of Portfolio
Westpac Banking Corp	Equity	8.97%
Login now to view the complete list of holdings.

FAQs about the PIC Wholesale Income Builder

What is the objective of the PIC Wholesale Income Builder managed fund?

The objective of the PIC Wholesale Income Builder managed fund is Aims to provide returns from companies that are expected to deliver a growing dividend stream over time.

What is the strategy for the PIC Wholesale Income Builder managed fund?

The strategy of the PIC Wholesale Income Builder managed fund is The Fund invests primarily in Australian companies that have the potential to provide future growth in dividends. The Fund is expected to generate tax effective returns by: - investing in companies expected to have high franking levels, and - carefully managing the realisation of capital gains. The Fund is expected to provide returns consistent with investing in a broad range of Australian companies.

What is the APIR code of the PIC Wholesale Income Builder managed fund?

The APIR code of the PIC Wholesale Income Builder managed fund is MLC0781AU.

What was PIC Wholesale Income Builder’s total return last month?

PIC Wholesale Income Builder’s total return last month was 3.1%. This was made up of a growth return of -3.58% and an income return of 6.68%. These returns were calculated as at 30 Jun 2024.

What was PIC Wholesale Income Builder’s total return for the last three months?

PIC Wholesale Income Builder’s total return for the last three months was -0.71%. This was made up of a growth return of -7.15% and an income return of 6.44%%. These returns were calculated as at 30 Jun 2024.

What is PIC Wholesale Income Builder’s one-year total return?

PIC Wholesale Income Builder’s one-year total return is 12.88%. This was made up of a growth return of 2.73% and an income return of 10.15%. These returns were calculated as at 30 Jun 2024.

What is PIC Wholesale Income Builder’s three-year total return?

PIC Wholesale Income Builder’s one-year total return is 8.84%. This was made up of a growth return of -0.86% and an income return of 9.7%. These returns were calculated as at 30 Jun 2024.

What is the asset allocation of the PIC Wholesale Income Builder managed fund?

The asset allocation of the PIC Wholesale Income Builder managed fund is :

Australian Equities: 89.15%

International Equities: 2.52%

Cash: 2.36%

Property: 5.54%

Alternatives: 0.43%

Fixed Interest: 0%

Who is the responsible Entity of the PIC Wholesale Income Builder managed fund?

The Responsible Entity for the PIC Wholesale Income Builder managed fund is MLC Investments Limited.

What sector/asset class does the PIC Wholesale Income Builder managed fund belong to?

The PIC Wholesale Income Builder managed fund belongs to the Australia Equity Income sector/asset class.

What is the size of the PIC Wholesale Income Builder managed fund?

As at , the size of the PIC Wholesale Income Builder managed fund was $ million.

What is the inception date of the PIC Wholesale Income Builder managed fund?

The PIC Wholesale Income Builder managed fund has an inception date of 14 Mar 2007.

What is the current entry price of the PIC Wholesale Income Builder managed fund?

The current entry price of the PIC Wholesale Income Builder managed fund is $1.72894 per unit and the current exit price is $1.72032 per unit (as at 28 Jun 2024).

What is the current exit price of the PIC Wholesale Income Builder managed fund?

The current exit price of the PIC Wholesale Income Builder managed fund is $1.72032 per unit and the current entry price is $1.72894 per unit (as at 28 Jun 2024).

What is the minimum investment amount for the PIC Wholesale Income Builder managed fund?

The minimum initial investment amount for the PIC Wholesale Income Builder managed fund is $0. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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