Sectors and Holdings as at 28 February 2019
Sector allocation
Fixed / floating breakdown
Credit rating breakdown*
*Spectrum utilises a linear credit rating methodology which incorporates the lower of the two credit ratings from S&P and Moody's. For investments which do not carry a credit rating, the investment is deemed as not rated. As at 31 December 2018, 93% of the portfolio has an official credit rating from one (or both) of these agencies. Cash is rated ‘AA-‘ to reflect the credit ratings of where the cash accounts are held. The portfolio has an average linear credit rating of ‘A’.
Top 5 Holdings
| Top Five | Holding % |
|---|---|
| CASH | 8.5% |
| NATIONAL AUSTRALIA BANK | 5.8% |
| DBS GROUP HOLDINGS | 5.5% |
| AAI LIMITED | 4.8% |
| SUNCORP METWAY | 4.2% |