Intelligent Investor Australian Equity Income Fund Active ETF (ASX:INIF): A Focused 22-Company Australian Portfolio

Sonal Goyal

20 October 2026 05:48 PM AEDT

Intelligent Investor Australian Equity Income Fund Active ETF (ASX:INIF): A Focused 22-Company Australian Portfolio

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Key highlights

ASX:INIF is an actively managed fund that primarily invests in companies listed on the ASX, with some exposure to cash.
The portfolio holds 22 companies, with the top ten making up 57.10%.
BHP is the largest holding at 12.18%, and the management fee is 0.97%.

The Intelligent Investor Australian Equity Income Fund Active ETF (ASX:INIF) offers exposure to a concentrated portfolio of Australian companies selected by an active manager. The fund primarily invests in securities of companies listed on the ASX, and also holds some cash.

About the Fund

INIF was admitted to the ASX on 19 June 2018 and is classified in the Equity Australia Large Blend category, with the S&P/ASX 200 Total Return Index as its benchmark. The fund has about $66.27 million in assets, and the management fee is 0.97%. The head office is in Sydney.

Country exposure

The largest country allocation is Australia at 94.75%, followed by the United States at 5.25%.

Stocks make up 93.80% of the portfolio and cash 6.20%. Of the stock holdings, 85.88% is in companies valued above $1 billion and 14.12% in companies between $500 million and $1 billion.

Portfolio holdings

The portfolio holds 22 companies, with top ten holdings making up 57.1% of the fund. The largest positions are BHP Group Ltd (12.18%), Car Group Ltd (6%), AUB Group Ltd (5.48%), Mineral Resources Ltd (5.4%) and New Hope Corporation Ltd (5.08%).

The top ten also include Eagers Automotive, ResMed (through CHESS Depositary Interests), BWP Group, Pinnacle Investment Management Group and Lovisa Holdings. The portfolio spans resources, automotive, insurance broking, property and retail companies.

Understanding the exposure

The five largest positions add up to 34.14% of the fund, which shows how much of the exposure rests on a small number of names. The remaining 12 holdings share the other 42.90% of the portfolio, an average of about 3.58% each. Exposure is spread across 2 countries or regions, and the three largest allocations (Australia and the United States) together account for 100% of the portfolio.

Fees, size and distributions

The fund pays distributions half-yearly. The most recent was a final distribution of $0.300 per unit, with an ex-date of 29 June 2026 and payment on 23 July 2026.

Fund structure and reporting

INIF has an ISIN of AU0000005902 and a head office at Suite 2, Level 2, 66 Clarence Street, Sydney. Recent ASX announcements from the fund include a monthly units-on-issue notice, a portfolio update for September 2026 and the annual report to unitholders lodged on 28 September 2026.

Equity Australia Large Blend funds invest primarily in large Australian companies, defined as stocks in the top 70% of the capitalisation of the Australian equities market, and the blend style applies where neither growth nor value characteristics dominate.

Units in INIF are quoted on the ASX and can be bought and sold through a broker during trading hours, in the same way as shares, so the exposure described above is available without buying each holding separately. The fund is actively managed, so its holdings and weightings are chosen by the manager rather than set by an index, and they can change over time.

FAQs

Q: How many companies does INIF hold?

A:22 companies.

Q: What is the management fee?

A:0.97%.

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