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We provide a simple, low-cost way to expose your clients to a concentrated portfolio of Australian and New Zealand equities.

Why choose AMCIL for your clients?

  • AMCIL’s portfolio comprises 30 to 40 stocks covering large and small companies in the Australian equity market.
  • Low management cost of 0.72% and no performance fees
  • Tax-effective income via fully franked dividends
  • Consistent after tax paid investment returns achieved over the long-term
  • Professionally managed with an experienced board, investment and management team
  • Easy to invest with no hidden costs
  • Regular shareholder meetings and other communication with shareholders
  • The Company's corporate objective is to provide shareholders with attractive returns through strong capital growth in the portfolio over the medium to long term together with the generation of dividend income.

    Portfolio Facts

  • AMCIL is a medium to long-term investor in the Australian equity market. Its investment approach is to construct a focused portfolio in which large and small companies can have an equally important impact on investment returns
  • Portfolio size: $278.8 million at 30 June 2020
  • Investment style: Active, fundamental, bottom-up
  • Suggested duration: 5-10 years or longer
  • Net asset backing: released every month with top 20 investments
  • Explore independent investment research from research firms.

    Investment included in the AMCIL portfolio are selected for their profitability and growth prospects.

    Top 20 investments valued at closing prices as at 31 May 2020 **

    RankCompany NameTotal Value
    $ Million
    % of
    Portfolio
    1CSL27.511.3
    2BHP14.96.1
    3Wesfarmers13.45.5
    4Transurban Group11.74.8
    5Mainfreight11.74.8
    6Macquarie Group10.54.3
    7National Australia Bank9.43.9
    8Ramsay Health Care8.43.5
    9Sydney Airport8.23.4
    10Goodman Group7.53.1
    11Carsales.com7.23.0
    12James Hardie Industries7.0
    2.9
    13Macquarie Telecom Group6.42.6
    14ARB Corporation6.32.6
    15Reece6.22.5
    16Oil Search6.12.5
    17Brambles6.12.5
    18Objective Corporation5.72.4
    19Xero5.62.3
    20NextDC5.32.2
    Total185.1
    As percentage of total portfolio value (excludes cash)76.1%

    * Indicates that options were outstanding part of the holding

    Listed Investment Companies (LICs) are similar to managed funds but differ in important ways that allow for long-term investment, low fees, and fully franked dividends.

    LICs are closed-end funds with a fixed number of shares that are traded on the ASX. As a result, AMCIL 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 AMCIL allows us to pay shareholder returns after tax, usually as fully franked dividends.

    Browse our frequently asked questions to find the answers you need.