InvestSMART

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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Fees Comparison

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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.
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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 -0.78% 4.71% 14.66% 10.56% 16.03% 15.17% 12.98% 10.11%
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
97.85%
Cash
2.15%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.38%
Cash
-0.73%
International Equities
5.10%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
PIC Wholesale Income Builder (Wholesale)
MLC Investments Limited
MLC0781AU
Australia Equity Income
starstarstar (as at 30 Jun 2024)
Investment Fund
14 Mar 2007
n/a
$1.72894 (as at 28 Jun 2024)
$1.72032 (as at 28 Jun 2024)
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 30 Jun 2025)

Holding (as at 30 Jun 2025) Type % of Portfolio
Westpac Banking Corp Equity 8.73%
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FAQs about the PIC Wholesale Income Builder

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.

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.

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

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.

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.

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.

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.

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

Australian Equities
97.85%
Cash
2.15%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

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

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

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

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

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).

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).

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.