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Own AFIC (ASX:AFI) shares? Here’s what you’re invested in

If you want to know the shares AFIC owns then look no further
The post Own AFIC (ASX:AFI) shares? Here’s what you’re invested in appeared first on The Motley Fool Australia. –

Many investors are looking at how to diversify their portfolios as cheaply as possible, such as owning Australian Foundation Investment Co. Ltd (ASX: AFI) ‘AFIC’ shares.

Unlike an exchange-traded fund (ETF), owning shares in AFIC means owning a portion of the company, not just a stake in a particular investment portfolio. An example of a popular ETF is the Betashares Nasdaq 100 ETF (ASX: NDQ).

At close of trade yesterday, the AFIC share price was $8.56 – even on the previous close. It is up 0.12% to $8.57 in early trade today. For context, the S&P/ASX 200 Index (ASX: XJO) was pummelled yesterday, finishing the day 1.90% lower. However, at the time of writing, it is up 0.8% today to 7,428.2 points.

If you’re looking to invest in AFIC, you might be curious as to what its philosophy is, how it invests, and most importantly – what it’s invested in.

Let’s take a closer look.

Company philosophy

According to the company’s website, AFIC invests in between 60-80 companies across a range of industries. It says these companies are selected because of their “ability to perform through economic cycles and generate returns over the long term”.

The company’s total portfolio is worth about $9 billion. This is slightly under its market capitalisation of $10.5 billion. It pays an annual dividend of 24 cents per share, fully franked, and claims to have a management expense ratio of 0.14%. AFIC describes itself as “very low cost”.

What shares do you own when you own AFIC shares?

AFIC lists the top 25 investments it holds in its portfolio – which combined makes up more than three-quarters of its entire investment mix. These are the shares you own if you own AFIC shares.

Name
Sector
Portfolio value ($ million)
Portfolio percentage (%)

Commonwealth Bank of Australia (CBA)
Banks
790.9
8.4

CSL (CSL)
Healthcare
681.7
7.3

BHP Group (BHP)
Resources
611.8
6.5

Wesfarmers (WES)
Retail
442.0
4.7

Westpac Banking Corporation (WBC)
Banks
401.4
4.3

Macquarie Group (MQG)
Diversified Financials
367.9
3.9

Transurban Group (TCL)
Transportation
349.7
3.7

National Australia Bank (NAB)
Banks
309.3
3.3

Mainfreight (NZX:MFT)
Transportation
295.8
3.1

Woolworths Group (WOW)
Consumer Staples and Discretionary
267.9
2.9

James Hardie Industries (JHX)
Materials
253.4
2.7

Australia and New Zealand Banking Group (ANZ)
Banks
236.4
2.5

Rio Tinto (RIO)

Resources
208.7
2.2

Telstra Corporation (TLS)
Communications
208.5
2.2

Sydney Airport (SYD)
Transportation
204.1
2.2

Amcor (AMC)
Materials
202.9
2.2

ARB Corporation (ARB)
Consumer Staples and
Discretionary
181.5
1.9

ResMed (RMD)
Healthcare
170.8
1.8

Sonic Healthcare (SHL)
Healthcare
160.8
1.7

Goodman Group (GMG)
Real Estate
154.6
1.6

Carsales.com (CAR)
Communications
151.9
1.6

Reece (REH)
Materials
150.4
1.6

Coles Group (COL)
Consumer Staples and
Discretionary
147.5
1.6

Ramsay Health Care (RHC)
Healthcare
131.9
1.4

Xero (XRO)
Technology
126.5
1.3

AFIC shares history

Over the past 12 months, the AFIC share price has increased by 36% – overperforming the ASX 200 by about 11 percentage points.

Year-to-date, AFIC shares have appreciated by 16%. Again, they have outgrown the ASX 200 in 2021 – this time by about 5 percentage points.

The post Own AFIC (ASX:AFI) shares? Here’s what you’re invested in appeared first on The Motley Fool Australia.

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More reading

Own AFIC (ASX:AFI) shares? Then you also own these US tech stocks

Motley Fool contributor Marc Sidarous owns shares of Amcor Limited, BETANASDAQ ETF UNITS, and Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended BETANASDAQ ETF UNITS, CSL Ltd., and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns shares of and has recommended Amcor Limited, BETANASDAQ ETF UNITS, COLESGROUP DEF SET, Macquarie Group Limited, Telstra Corporation Limited, Wesfarmers Limited, and Xero. The Motley Fool Australia has recommended ARB Corporation Limited, Ramsay Health Care Limited, ResMed Inc., Sonic Healthcare Limited, and carsales.com Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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