Summary :
ASX‑listed LICs and LITs continued to trade with a mix of healthy yields and persistent discounts to NTA this week. Average running yields across the group sit just above 7%, while most funds remain at moderate discounts, reflecting ongoing investor caution.
Income-focused credit trusts again dominated the top of the yield table. MOT and KKC delivered the strongest running yields—both above 8.5%—supported by diversified loan portfolios. MXT remained the largest and most liquid vehicle in the sector, trading close to NTA and maintaining strong daily turnover.
On the discount side, equity‑oriented LICs such as GC1 and alternative‑asset vehicles like WMA continued to trade at deeper markdowns, indicating selective sentiment and a preference for income visibility over higher‑beta strategies.
Overall, the LIC/LIT market remains yield‑rich, with credit trusts attracting the bulk of investor demand, while equity and alternatives continue to show wider price dispersion and potential re‑rating upside.
LICATs Weekly Summary
Name Code Closing Price Running Yield NTA Premium/(discount) to NTA Market Capitalisation (millions) Average Daily ASX turnover (000s) Acorn Capital Investment Fund ACQ $0.97 0.07 1.10 -0.12 87.00 56 Glennon Small Companies GC1 $0.48 0.07 0.79 -0.39 23.00 31 Katana Capital KAT $1.34 0.02 1.34 0.00 42.00 7 KKR Credit Income Fund KKC $2.32 0.09 2.46 -0.06 748.00 431 MCP Income Opportunities Trust MOT $1.91 0.09 2.15 -0.11 637.00 397 MCP Master Trust MXT $1.99 0.08 2.01 -0.01 2435.00 1,087 Perpetual Credit Income Trust PCI $1.12 0.07 1.11 0.01 815.00 505 Qualitas Real Estate Income Fund QRI $1.57 0.07 1.61 -0.02 991.00 283 WAM Alternative Assets WMA $1.02 0.08 1.19 -0.15 201.00 209
Closing price as of the end of the week.