DNR Capital Australian Equities Income - Managed Fund

Fund Objective

The Fund's investment objective is to invest in a portfolio of Australian equities that aims to outperform the Benchmark (net of fees) and deliver higher levels of income relative to the Benchmark over a rolling three-year period. The investment objective is not a forecast of the Fund's performance.

Fund Strategy

The Fund 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 high and sustainable dividend capability, strong profit-to-cash conversion, and relatively assured earnings growth.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.28%	-2.1%	4.22%	2.17%	9.35%	5.1%	10.56%	-%
Growth return	0.11%	-2.59%	2.97%	-0.11%	6.43%	1.99%	6.59%	-%
Income return	0.17%	0.49%	1.25%	2.28%	2.92%	3.11%	3.97%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	0.39%	2.7%	11.09%	12.46%	18.51%	13.08%	12.64%	9.68%

As at 31 Oct 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

General Information

Fund Details

Type	Description
Fund Name	DNR Capital Australian Equities Income
Responsible Entity	The Trust Company (RE Services) Limited
APIR Code	PIM8302AU
Sector/Asset Class	Australia Equity Income
Morningstar Rating	(as at 31 Oct 2025)
Legal Structure	Investment Fund
Fund Inception	11 Mar 2020
Fund Size	$185.89 million (as at 24 Nov 2025)
Entry Price	$1.4019 (as at 24 Nov 2025)
Exit Price	$1.3963 (as at 24 Nov 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.90% (as at 17 Oct 2025)
Indirect Cost Ratio (ICR)	0.90% (as at 30 Jun 2025)
Performance fee (not included in ICR)	0
Minimum initial investment	$20,000
Minimum additional investments	$5,000.00

Top 10 holdings (as at 31 Oct 2025)

Holding (as at 31 Oct 2025)	Type	% of Portfolio
National Australia Bank Ltd	Equity	8.46%
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FAQs about the DNR Capital Australian Equities Income

What is the objective of the DNR Capital Australian Equities Income managed fund?

The objective of the DNR Capital Australian Equities Income managed fund is The Fund's investment objective is to invest in a portfolio of Australian equities that aims to outperform the Benchmark (net of fees) and deliver higher levels of income relative to the Benchmark over a rolling three-year period. The investment objective is not a forecast of the Fund's performance.

What is the strategy for the DNR Capital Australian Equities Income managed fund?

The strategy of the DNR Capital Australian Equities Income managed fund is The Fund 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 high and sustainable dividend capability, strong profit-to-cash conversion, and relatively assured earnings growth.

What is the APIR code of the DNR Capital Australian Equities Income managed fund?

The APIR code of the DNR Capital Australian Equities Income managed fund is PIM8302AU.

What was DNR Capital Australian Equities Income’s total return last month?

DNR Capital Australian Equities Income’s total return last month was 0.28%. This was made up of a growth return of 0.11% and an income return of 0.17%. These returns were calculated as at 31 Oct 2025.

What was DNR Capital Australian Equities Income’s total return for the last three months?

DNR Capital Australian Equities Income’s total return for the last three months was -2.1%. This was made up of a growth return of -2.59% and an income return of 0.49%%. These returns were calculated as at 31 Oct 2025.

What is DNR Capital Australian Equities Income’s one-year total return?

DNR Capital Australian Equities Income’s one-year total return is 2.17%. This was made up of a growth return of -0.11% and an income return of 2.28%. These returns were calculated as at 31 Oct 2025.

What is DNR Capital Australian Equities Income’s three-year total return?

DNR Capital Australian Equities Income’s one-year total return is 5.1%. This was made up of a growth return of 1.99% and an income return of 3.11%. These returns were calculated as at 31 Oct 2025.

What is the asset allocation of the DNR Capital Australian Equities Income managed fund?

The asset allocation of the DNR Capital Australian Equities Income managed fund is :

Australian Equities: 95.89%

Cash: 4.11%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the DNR Capital Australian Equities Income managed fund?

The Responsible Entity for the DNR Capital Australian Equities Income managed fund is The Trust Company (RE Services) Limited.

What sector/asset class does the DNR Capital Australian Equities Income managed fund belong to?

The DNR Capital Australian Equities Income managed fund belongs to the Australia Equity Income sector/asset class.

What is the size of the DNR Capital Australian Equities Income managed fund?

As at 24 Nov 2025, the size of the DNR Capital Australian Equities Income managed fund was $185.89 million.

What is the inception date of the DNR Capital Australian Equities Income managed fund?

The DNR Capital Australian Equities Income managed fund has an inception date of 11 Mar 2020.

What is the current entry price of the DNR Capital Australian Equities Income managed fund?

The current entry price of the DNR Capital Australian Equities Income managed fund is $1.4019 per unit and the current exit price is $1.3963 per unit (as at 24 Nov 2025).

What is the current exit price of the DNR Capital Australian Equities Income managed fund?

The current exit price of the DNR Capital Australian Equities Income managed fund is $1.3963 per unit and the current entry price is $1.4019 per unit (as at 24 Nov 2025).

What is the minimum investment amount for the DNR Capital Australian Equities Income managed fund?

The minimum initial investment amount for the DNR Capital Australian Equities Income managed fund is $20,000. Minimum additional investment is $5000.

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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