Sectors and Holdings as at 31 December 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 of 31 December 2019, 99% of the portfolio has an official credit rating from one (or both) of these agencies. Cash is rate ‘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 11.8%
SUNCORP GROUP LTD 9.8%
NATIONAL  AUSTRALIA BANK 6.2%
DBS GROUP HOLDINGS LTD 6.1%
AMP LTD 4.5%