Solaris Australian Equity Income Plus Ltd (ASX:SET)

Monthly franked income, plus long-term growth

Solaris Australian Equity Income Plus Ltd (ASX:SET)

Get SET for monthly franked income, plus long-term growth

Solaris Australian Equity Income Plus Limited (ASX:SET) is a Listed Investment Company on the ASX.

SET is invested in a diversified Portfolio of ASX listed equity securities that is actively managed by Solaris Investment Management with the aim of generating regular distributable income inclusive of franking credits.

Income objective

Investing to deliver higher franked income than the S&P/ASX 200 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt) (Benchmark).

Total return objective


Investing to generate total return broadly in line with, or exceeding, the Benchmark.

Monthly Franked Income

An Australian Equity LIC designed to deliver monthly franked income.*

*The Company intends to commence monthly dividend payments in August 2026.

ASX Announcements

Company Facts

Company Name Solaris Australian Equity Income Plus Ltd
Investment Manager Solaris Investment Management
ASX Code SET
Listed Date 17 April 2026
Underlying Portfolio Diversified portfolio of 40-70 ASX listed securities
Distribution Frequency Monthly*
Franking Intended to be 100%
Same investment strategy as the Unlisted Fund SET will seek to achieve its investment objectives using the same Investment Strategy and processes that it will employ as the Company’s Manager as it has been in managing the Solaris Australian Equity Income Fund since December 2016.
SET’s performance is expected to closely track that of the Unlisted Fund, but will not be identical. Performance may vary for a number of reasons including:
(1) Different management fees
(2) Different costs
(3) Difference distribution policy
(4) Structural differences
(5) Differences in tax treatment
Benchmark S&P/ASX 200 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt)
Management Fee 0.85% (plus GST) per annum
No performance fee

*The Company intends to commence monthly dividend payments in August 2026.

Any statements and forecasts are indicative and reflect the judgment and assumptions of Solaris and its representatives on the basis of information available as at the date of publication and may later change without notice.

Ratings

SET has received a ‘Recommended’ rating from Zenith Investment Partners1. Further information on our Ratings can be found in the Disclaimer section.

Latest Updates

Webinar – Solaris Australian Equity Income Plus Limited

| SET | No Comments
The Solaris team host a webinar providing an overview of the Solaris Australian Equity Income Plus Ltd Listed Investment Company.

Introducing Solaris Australian Equity Income Plus Limited

| SET | No Comments
View a short video with the Solaris team providing an overview of Solaris Australian Equity Income Plus Ltd.

Board Governance

Board of Directors

Neil Cochrane

Independent, non-executive Chairman

B.Com

Neil has played a significant role in the Australian superannuation industry for over 36 years. He has held many senior executive and non-executive positions in the industry including Chairman of Aware Super, Australia’s third largest super fund; Chairman of Commonwealth Bank Group Super; Chairman of the Fund Executives Association; CEO of Rest Super and Deputy CEO and Global Head of Business Development at Colonial First State Global Asset Management. He is currently investment advisor to Team Super and a board member of Huntingtower School.

He is an executive coach and has also held a number of senior advisory roles where he was able to lend his experience and perspective to regulators, government and the super industry.

Neil was a past Board member of the Association of Superannuation Funds Australia (ASFA); Chair, Superannuation Complaints Tribunal Advisory Council and a board member of the Huntingtower Foundation.

Gemma Dooley

Independent, non-executive Director

B.Sc, Graduate Diploma in Applied Finance and Investments, GAICD

Gemma Dooley is an experienced non-executive director with more than a decade of governance expertise across Boards and committees. Her governance career follows 30 years in the financial services industry, spanning asset consulting, investment management and superannuation. She has held senior roles at Russell Investments, BT Financial Group and Perpetual Investments, and was Chief Investment Officer of an industry superannuation fund.

Gemma has been a non-executive director of Prime Super since 2023, and is a member of its Investment Committee as well as Governance, Remuneration and Culture Committee.

Gemma holds a Bachelor of Science, a postgraduate qualification in Applied Finance and Investment, and is a graduate of the Australian Institute of Company Directors.

Chris Meyer

Non-independent, non-executive Director

B.Sc (Honours), CFA

Chris Meyer has been a non-executive Director of ASX Listed Investment Company Plato Income Maximiser Limited (ASX: PL8) and an Alternate non-executive Director of ASX Listed Investment Company Spheria Emerging Companies Limited (ASX: SEC), both since February 2022. He is also Director, Listed Products at Pinnacle Investment Management Group Limited (ASX: PNI), where he is responsible for Pinnacle’s listed products business, including oversight of the business division that includes five listed investment companies/listed investment trusts and ten active ETFs. Together this business unit has in excess of $10 billion of listed/CHESS FUM. In addition to his role at PL8 and SEC, Chris also served on the Australian Listed Investment Companies and Trusts Association (LICAT) between 2018 and 2023.

Chris has more than 25 years of global financial markets experience, spanning asset management, equity research, brokerage and investment platform development. Prior to joining Pinnacle in 2018, he was Chief Executive Officer of RMI Investment Managers, where he built a multi boutique asset management platform by partnering with independent investment managers in South Africa. Earlier in his career, Chris was the founder and Chief Executive Officer of RMB Morgan Stanley, which under his leadership became the leading institutional equities business in South Africa.

Chris is a Chartered Financial Analyst (CFA) Charterholder and holds a Business Science (Honours) degree from the University of Cape Town.

Michael Bell

Alternate Director to Chris Meyer

B.Bus, Graduate Diploma in Applied Finance and Investments

Michael has over 30 years experience in the investment management and financial services fields.

He was a Founder of Solaris Investment Management in 2008 and was appointed Chief Investment Officer in May 2018. Prior to establishing Solaris Investment Management, Michael was a member of Suncorp’s nine-person investment team from 1997 to 2007, responsible for managing equity investments in excess of $5.5 billion.

Michael has a Bachelor of Business – Accountancy from the Queensland University of Technology and a Graduate Diploma in Applied Finance through the Securities Institute of Australia.

Key Documents

How to Invest

Solaris Australian Income Plus Ltd is an investment company listed on the ASX under ticker: SET.
This means you can buy and sell shares in SET through your online trading account or via your broker or licensed adviser in the same way that you trade shares in other ASX-listed companies.
You can view your SET shareholding alongside any other direct shareholding you have.

Platform Availability List

AMP North

BT Panorama (IDPS Only)

CFS FirstWrap

HUB24

Netwealth

Praemium (IDPS Only)

Macquarie Wrap

Mason Stevens (IDPS Only)

Shareholder Enquiries

For information regarding investor shareholdings, please contact service@pinnacleinvestment.com or the Share Registry.

Share Registry: Automic
Address: Level 5, 126 Phillip Street, Sydney NSW 2000
GPO Box 5193, Sydney NSW 2001
Local Australian number: 1300 902 587
International number: +61 2 7208 4521
Email: hello@automic.com.au

This webpage has been prepared by Solaris Investment Management Limited (‘Solaris’) ACN 128 512 621 AFSL 330505. Solaris is the manager for Solaris Australian Equity Income Plus Ltd (‘SET’ or ‘Company’), the issuer of the Shares. The information in this webpage is not financial product advice and has been prepared without taking into account the objectives, financial situation or needs of any particular person. The information is general only and does not constitute financial product or investment advice (or taxation or legal advice). Investors should seek their own independent financial advice before making any investment decision and should consider the appropriateness of any advice.

1The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (March 2025) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines

Follow us

Solaris respects and acknowledges the Traditional Owners and Custodians of Country. We recognise their continuous connection to the lands, waters and skies across Australia and express our sincere gratitude to the peoples on whose land we work.

© Solaris Investment Management

ACN 128 512 621 | AFSL 330505