Investments included in the AFIC portfolio are selected for their profitability and long-term growth prospects.
A list of AFIC’s 25 largest holdings as at 31 December 2009 is set out in the following table.
Top 25 Investments – Ordinary Securities
Valued at closing prices at 31 December 2009 |
Total Value
$ million
|
|
1
|
*BHP
|
BHP Billiton
|
614.6
|
| 2 |
CBA |
Commonwealth Bank of Australia
|
464.7 |
| 3 |
WBC |
Westpac Banking Corporation
|
461.4 |
| 4 |
RIO
|
Rio Tinto
|
267.6
|
|
5
|
NAB
|
National Australian Bank
|
239.0
|
|
6
|
WES
|
Wesfarmers (a)
|
236.5
|
|
7
|
WOW |
Woolworths |
173.7 |
|
8
|
TLS
|
Telstra Corporation
|
171.7
|
|
9
|
ANZ
|
Australia & New Zealand Banking Group
|
146.1
|
|
10
|
WPL
|
Woodside Petroleum
|
123.2
|
| 11 |
QBE |
QBE Insurance Group
|
103.3 |
| 12 |
*STO
|
Santos
|
95.8 |
|
13
|
CPU
|
Computershare
|
93.4
|
|
14
|
AMC
|
Amcor
|
89.7
|
|
15
|
*OSH
|
Oil Search
|
85.5
|
|
16
|
ORG
|
Origin Energy
|
81.6
|
|
17
|
TOL
|
Toll Holdings
|
69.9
|
|
18
|
*AMP
|
AMP
|
69.9
|
|
19
|
ORI
|
Orica
|
65.4
|
|
20
|
WAN
|
West Australian Newspapers Holdings
|
64.9
|
|
21
|
IPL
|
Incitec Pivot
|
64.2
|
|
22
|
AGK
|
AGL Energy
|
60.3
|
|
23
|
BXB
|
Brambles
|
58.1
|
|
24
|
TCL
|
Transurban Group
|
54.4
|
|
25
|
AXA
|
AXA Asia-Pacific Holdings
|
53.3
|
|
Total
|
4,008.2
|
|
As % of Total Portfolio Value
Excludes cash and bank bills
|
81.7%
|
* Indicates that options were outstanding against part or all of the holding in the Trading Portfolio
(a) Includes $43.7 million of WESN partially protected securities
