Why choose Djerriwarrh for your clients?
Top 20 investments valued at closing prices as at 30 April 2020
|Rank||Company Name||Total Value|
|% of |
|3||Westpac Banking Corporation*||35.3||5.5|
|4||National Australia Bank*||31.5||4.9|
|8||Australia and New Zealand Banking Group||26.1||4.0|
|13||Ramsay Health Care*||17.0||2.6|
|14||Insurance Aust Group*||15.7||2.4|
|As percentage of total portfolio value (excludes cash)||71.9%|
* Indicates that options were outstanding part of the holding
LICs are closed-end funds with a fixed number of shares that are traded on the ASX. As a result, Djerriwarrh does not issue or cancel shares as investors enter and leave the fund. This allows us to concentrate on the performance of the portfolio over the long term.
Furthermore, the closed-end structure removes the motivation to shadow indices, allowing us to remain focused on the long-term investment horizon. The costs of administering the fund are also reduced as we are not continually issuing and redeeming units.
The company structure of Djerriwarrh allows us to pay shareholder returns after tax, usually as fully franked dividends.