Sectors and Holdings as at 30 June 2018

Top 5 Holdings

Top ten Holding %
CASH 15.1%
SUNCORP METWAY 5.3%
AUSGRID FINANCE 5.2%
NETWORK FINANCE 5.2%
AAI LTD 5.1%

*Spectrum utilises a linear credit rating methodology which incorporates the lower of the two credit ratings from S&P and Moodys. For investments which do not carry a credit rating, the investment is deemed as not rated. As at 30 June 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-’.