AFIC's NTA holds steady in October despite slight dip

The Australian Foundation Investment Company (AFIC) announced its net tangible asset (NTA) backing per share as of October 31, 2025. The after-tax NTA per share stood at $6.81, a slight decrease from $6.82 reported on September 30, 2025. Before tax, the NTA per share was $8.13, marginally down from $8.14 in the previous month. The company manages a portfolio valued at $10.3 billion, with a low management cost of 0.16%.

AFIC’s top 25 investments, valued at $8,004.0 million, represent 79.0% of the total portfolio value (excluding cash). Key holdings include BHP ($901.1 million), Commonwealth Bank of Australia ($880.2 million), and National Australia Bank ($535.8 million). The portfolio's sector allocation reveals a strong emphasis on Banks (21.4%), Materials (14.0%), and Industrials (11.8%).

The S&P/ASX 200 Accumulation Index saw a modest gain of 0.4% for October 2025. The Materials sector experienced the largest increase, up 4.3%, while Information Technology saw the biggest fall, down 8.4%. AFIC aims for attractive investment returns through growing fully franked dividends and capital enhancement over the medium to long term.