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RINC

$8.89+0%Dividend / Income16/100
Fund Page ↗

BetaShares Legg Mason Real Income ETF · BetaShares

Data as at 29 March 2026

TL;DR

Holds 100 global equities that simultaneously have high dividend yields and pass a quality screen — excluding high-yielders with deteriorating fundamentals or unsustainable payout ratios. Hedged to AUD.

MER (Annual Fee)
0.85%
#6 lowest in Dividend / Income
1Y Return
+6.6%
3Y Return (p.a.)
+2.5%
Dividend Yield
-
Non-distributing
AUM
$150M
Assets under management
Avg Daily Turnover
$544K
Avg shares × unit price
Unit Price
$8.89
As at 29 March 2026
Provider
BetaShares
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Strategy

Selects global companies with above-average dividend yields that also pass profitability and balance sheet quality screens. Currency hedged to AUD. Managed by Legg Mason (Franklin Templeton) under BetaShares.

Top Holdings

Key Fact

RINC's quality filter addresses one of the biggest risks in income investing — the dividend trap. A stock with a 10% yield is often yielding 10% because its price has already fallen 50% ahead of an expected dividend cut. The quality screen aims to exclude these situations.

Suited for

Income investors who want global equity exposure but are cautious about owning high-yielders that may not be able to sustain their dividends. The quality screen removes the most obvious dividend traps.

Risks

The quality screen creates higher portfolio turnover than a pure yield-ranked fund. AUD hedging removes currency risk on distributions but adds a small fee overhead to the structure.

ETFCheck Score16/100
Fees (40%)0
Fund Size (25%)18
Liquidity (20%)56
Yield (15%)0
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Frequently Asked Questions - RINC

What asset classes does RINC invest in and why is its MER 0.85%?+
RINC is actively managed by Franklin Templeton (formerly Legg Mason) and invests across Australian infrastructure, listed property (A-REITs), and fixed income to deliver diversified real income. The 0.85% MER reflects active management costs across three distinct asset classes, making it significantly more expensive than single-asset passive ETFs like VAP for property or IAF for bonds. Australian investors are paying for tactical allocation between asset classes, which may or may not justify the fee depending on Franklin Templeton's manager skill.
Why has RINC's 6.8% total return lagged other income ETFs over the past year?+
RINC's 6.8% one-year return trails equity-focused income ETFs like SYI at 13.6% because its allocation to bonds and defensive infrastructure reduces equity market participation. During the past year's strong equity rally, RINC's fixed income and infrastructure holdings acted as a drag compared to pure dividend share strategies. However, this diversification is precisely the point - RINC is designed for Australian investors prioritising capital preservation and income stability over maximum total return.
How does RINC's income mix affect tax treatment for Australian investors?+
RINC's distributions are a complex blend of franked dividends from infrastructure holdings, unfranked trust income from A-REITs, and interest income from bonds, each taxed differently by the ATO. A-REIT distributions often include tax-deferred components that reduce the cost base rather than creating immediate tax liability, which benefits SMSF investors. Investors should review RINC's annual AMMA tax statement carefully, as the multi-asset structure creates more complicated tax reporting than a simple equity dividend ETF.
Who should choose RINC over building their own income portfolio with VAP, IAF, and MICH?+
RINC suits Australian investors, particularly SMSF trustees, who want diversified income exposure without managing three separate ETF positions and rebalancing between property, bonds, and infrastructure. Building a DIY equivalent using VAP, IAF, and a listed infrastructure fund would likely cost less in combined MERs but requires ongoing allocation decisions. RINC's 4.62% yield is modest compared to equity income alternatives, so it best suits conservative investors prioritising smoother returns over maximising yield.