AFIC's NTA holds steady as portfolio reaches A$10.3 bn

As of October 31, 2025, Australian Foundation Investment Company (AFIC) reported an estimated net tangible asset (NTA) backing of A$6.81 per share after tax, a slight decrease from A$6.82 on September 30, 2025. Before tax, the NTA stood at A$8.13 per share, also a marginal dip from A$8.14 in the previous month. The total portfolio value reached A$10.3 billion. AFIC's investment objectives focus on providing attractive returns through fully franked dividends and capital enhancement over the medium to long term, benchmarked against the S&P/ASX 200 Accumulation Index.

The company maintains a diversified portfolio primarily of ASX-listed Australian equities, emphasizing a long-term, fundamental, bottom-up investment style. Key benefits include tax-effective income from fully franked dividends, consistent after-tax investment returns, and low management costs of 0.16% with no additional fees. The suggested investment period is five to ten years or longer, reflecting its strategy as a long-term investor.

AFIC's top 25 investments highlight its concentration in key Australian sectors. BHP, Commonwealth Bank of Australia, and National Australia Bank lead the holdings, representing 8.9%, 8.7%, and 5.3% of the total portfolio value, respectively. The investment by sector shows Banks dominating at 21.4%, followed by Materials at 14.0% and Industrials at 11.8%. The overall return from the S&P/ASX 200 Accumulation Index for October was a modest gain of 0.4%.