Logo 2016

Increase Font Increase Font

Australia & International Holdings Limited (AIH)

Burrell's own Listed Investment Company

Australia & International Holdings Limited (AIH) is a listed public company trading on the National Stock Exchange of Australia (NSX). Its primary objective is to provide investors with dividend returns as well as capital growth.

AIH originated in 1985 when a group of investors formed an investment club. The investment portfolio was initially held by a private company, which in 1998 became the public company, AIH, with an NSX code of AID.

As at 31 December 2016, AIH had net assets of approximately $4.6M held in a strategically balanced and well-diversified set of portfolios. The majority of shareholder funds are invested over a medium to long-term period in both Australian and international companies, as well as managed funds.

As shown in Figure 1, most AIH investments are facilitated through its managed investment schemes: Burrell Australian Equities Trust (BAET), Burrell World Equities Trust (BWET), and the Burrell Smallcap, Midcap and Resources Trust (BSMaRT).


17 AIH Percentage Holdings Diagram 17 0510

Figure 1. AIH structure.
Well-diversified and stable.

As at 31 December 2016, approximately 84% of AIH’s investment portfolio was invested in BAET (54%), BWET (21%) and BSMaRT (9%). This was achieved through the following ownership structure: AIH owned 42.54% of the units on issue in BAET, 23.42% of the units on issue on BWET, and 27.05% of the units on issue in BSMaRT.

Through the three portfolios, AIH invested in the following industry sectors, countries and companies/investments:

AIH investment industry sectors 

31 Dec 16


Energy 3.6
Materials  6.6
Industrials  3.5
Consumer discretionary 6.1
Consumer staples  3.4
Financials  39.0
Real estate investment trusts  6.3
Managed funds and LICs  7.2
Exchange traded funds 4.6
Others - health care, IT, telecommunications & utilities  19.7


Region allocation

31 Dec 16


Australia and New Zealand  77.0
Americas 9.8
United Kingdom 1.3
Europe excl. United Kingdom 2.0
Asia Pacific excl. Australia 0.7
Global 9.2


Top 20 underlying investments
(approx 60% of the total value of the three portfolios, excluding cash)
30 December 2016
(% underlying portfolio)
Commonwealth Bank of Australia 12.24
Westpac Banking Corporation 4.12
Incometric Fund (IGV) Class B 3.47
National Australia Bank 3.28
Australia and New Zealand Bank 3.25
Telstra Corporation 3.21
BHP Billiton 2.94
ANZ USD 2.92
Santos 2.50
Resmed Inc  2.32
Lendlease Group 2.06
Challenger 1.86
Suncorp Group 1.84
Computershare 1.57
SPDR S&P Index Fund ETF 1.54
Mirvac Group 1.47
Wesfarmers 1.40
Bank of Queensland 1.34
Stockland 1.25
Russell High Dividend Australian Shares ETF 1.24

Shareholder information

Net Asset Value: The net asset value per fully paid share as at 12th October, 2017 was $2.95.

AGM date: The next AGM will be held in November 2017.

Annual Reports:

Dividend history: AIH has a strong history of paying fully franked dividends and its dividend yield compares very well.

Year  NAV (¢) Interim

per share (¢)
per share (¢)
per share (¢)
yield (%)
2016 282.00 6.0 6.0 12.0 4.26
2015 305.00 6.0 6.0 12.0 3.93
2014 310.00 6.0 6.0 12.0 3.87
2013  286.00 5.0 5.5 10.5 3.67
2012 259.00 5.0 5.0 10.0 3.86
2011 288.00 5.0 5.0 10.0 3.47

Dividend Reinvestment Plan: AIH operates a dividend reinvestment plan that enables shareholders to receive all or part of their dividends in shares. For full details of the plan and application form, please follow the links below:

Get started

Contact us for an obligation-free conversation.
Call 1300 4 BURRELL or read the most recent AIH newsletter for the latest news and investment results.