AFIC's NTA declines in September amidst market fluctuations

AFIC's NTA backing per share (after tax) decreased to A$6.82 as of 30 September 2025, down from A$6.95 at the end of August 2025. The portfolio, valued at A$10.4 bn, saw the S&P/ASX 200 Accumulation Index return a negative 0.8% for September. This decline was primarily driven by a 9.8% fall in the energy sector and a 4.2% drop in healthcare.

The materials sector, however, showed strength, gaining 6.1% for the month, significantly boosted by a rally in gold. AFIC's top holdings as of 30 September 2025 include BHP (8.7%), Commonwealth Bank of Australia (8.5%), and National Australia Bank (5.4%). The company maintains a diversified portfolio with 20.9% invested in banks and 13.4% in materials.

AFIC aims to provide attractive investment returns through fully franked dividends and capital enhancement. The company reports a low management cost of 0.16% and suggests a long-term investment period of five to ten years or longer.