NTA and Top 25 Investments as at 28 February 2021

8 Marc
h 2021
The Manager
ASX Market Announcements
Australian Securi ties Ex
change
Exchange Centre
Level 4
20 B ridg e Street
Sydney
NSW 2000
Electronic Lodgement
Australian Foundation Investment Company Limited
Monthly Net Tangible Asset Backing Per Share and Top 25 Investments
Dear Sir / Madam
Before Tax * After Tax *
28 February 2021 Ex Div $6.60 $5.56
31 January 2021 Cum Div $6.68 $5.63
The February 2021 figures are after the payment of the interim dividend of 10 cents per
share and the January 2021 figures are before the provision for the dividend.
*The before and after tax numbers relate to the provision for deferred tax on the
unrealised gains in the Company’s investment portfolio. The Company is a long term
investor and does not intend disposing of its total long term investment portfolio. Under
current Accounting Standards, the Company is required to provide for tax on any gains
that may arise on such a theoretical disposal, after the utilisation of brought forward
losses.
Attached is a list of th
e Company’s Top 25 Investments as at 28 February 2021.
Yours faithfully
Matthew Rowe
Company Secretary
Release authorised by Company Secretary.

AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED
Total Value

$ million
1 * BHP BHP Group 682.4 8.5%
2 CBA Commonwealth Bank of Australia644.3 8.1%
3 CSL CSL 573.8 7.2%
4 WBC Westpac Banking Corporation370.3 4.6%
5 WES Wesfarmers 363.0 4.5%
6 MQG Macquarie Group 314.4 3.9%
7 TCL Transurban Group 302.6 3.8%
8 NAB National Australia Bank 274.9 3.4%
9 WOW Woolworths Group 249.7 3.1%
10 RIO Rio Tinto 247.5 3.1%
11 ANZ Australia and New Zealand Banking Group 222.1 2.8%
12 MFT Mainfreight 201.9 2.5%
13 TLS Telstra Corporation 167.9 2.1%
14 JHX James Hardie Industries167.6 2.1%
15 AMC Amcor165.2 2.1%
16 SYD Sydney Airport150.1 1.9%
17 REH Reece 128.8 1.6%
18 RHC Ramsay Health Care 126.4 1.6%
19 SHL Sonic Healthcare 117.5 1.5%
20 ARB ARB Corporation 117.4 1.5%
21 GMG Goodman Group110.7 1.4%
22 QUB Qube Holdings 108.4 1.4%
23 COL Coles Group 108.3 1.4%
24 FPH Fisher & Paykel Healthcare Corporation 106.1 1.3%
25 XRO Xero 103.1 1.3%
6,124.3
As % of Total Portfolio Value 76.7%
(excludes Cash)
* Indicates that options were outstanding against part of the holding
TOP 25 INVESTMENTS AS AT 28/02/2021
Valued at closing prices at 26 February 2021