Australian Dividend Harvester Fund (managed fund)
- Australian shares
Opportunity for high income from Australian shares
Overview
Fund objective
HVST aims to provide franked income that exceeds the net income yield of the broad Australian sharemarket on an annual basis, along with exposure to a diversified portfolio of Australian shares.
Fund strategy
HVST follows a rules-based ‘dividend harvest’ strategy, which seeks to maximise HVST’s exposure to dividend-paying Australian shares.
The Fund’s share portfolio is generally selected from the largest 100 Australian shares on the ASX, screened for high dividend and franking outcomes based upon expected future gross dividend payments.
The share portfolio is rebalanced approximately every three months, with the aim of including the shares that are expected, within the next rebalance period, to provide the highest gross yield outcomes.
In order to increase security diversification, HVST additionally holds an allocation to broad sharemarket exposures through an ETF.
Benefits of HVST
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Opportunity for high monthly income
HVST’s income stream aims to exceed the net income yield of the broad Australian sharemarket on an annual basis, paid monthly.
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Designed for investors seeking income
HVST was specifically created to meet the challenges facing investors for whom income is a high priority, such as SMSF and retiree investors.
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Diversified exposure to Australian equities
HVST provides exposure to a diversified portfolio of Australian shares.
There are risks associated with an investment in HVST, including market risk, security specific risk and strategy risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
How to invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.
Key facts
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| iNAV (live)** | |
* Data is delayed by at least 20 minutes.
** As at 20 April 2022 04:29:59 PM
| NAV | |
|---|---|
| NAV/Unit* | $13.49 |
* As at 13 September 2024
Profile
| Net assets* ($A) | $219,502,470 |
|---|---|
| Units outstanding* (#) | 16,276,395 |
| Management fee and cost** (p.a.) | 0.72% |
| Distribution frequency | Monthly |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital Ltd |
| Registry | Link Market Services |
* As at 13 September 2024
**Additional costs, such as transaction costs, may apply. Please refer to PDS.Trading information
| ASX code | HVST |
|---|---|
| Bloomberg code | HVST AU |
| IRESS code | HVST.AXW |
| Trading hours | 10.00-16.00 (AEST) |
| iNAV IRESS code | HVSTINAV.ETF |
| Market makers | Susquehanna Pacific |
Index information
| Index | N/A |
|---|---|
| Index provider | N/A |
| Index ticker | N/A |
| Bloomberg index ticker | N/A |
Holdings & allocation
Sector allocation
| Financials | 33.2% |
|---|---|
| Materials | 19.5% |
| Health Care | 10.5% |
| Consumer Discretionary | 7.0% |
| Industrials | 6.9% |
| Real Estate | 6.1% |
| Energy | 5.1% |
| Consumer Staples | 4.2% |
| Communication Services | 3.6% |
| Other | 4.1% |
* As of 30 August 2024
Performance
Fund returns after fees (%)
| Fund (Net) | Fund (Gross) | |
|---|---|---|
| 1 month | 0.68% | 0.79% |
| 3 months | 6.59% | 7.09% |
| 6 months | 7.97% | 9.05% |
| 1 year | 15.83% | 18.34% |
| 3 year p.a. | - | - |
| 5 year p.a. | - | - |
| 10 year p.a. | - | - |
| Since inception (p.a.) | 8.85% | 11.43% |
| Inception date | 1-Jun-22 | - |
* As at 30 August 2024.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Inception date refers to the inception of the Fund's current investment strategy. Prior to the inception date, the Fund traded under a different investment strategy, and was subject to different management costs. Information about the Fund's performance prior to the current strategy inception date is available on request by emailing [email protected] or calling 1300 487 577. Net refers to total return performance net of management fees and net of franking credits, Gross refers to total return performance net of management fees and inclusive of franking credits.
Chart
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Distributions
Yield information
| Distribution frequency | Monthly |
|---|---|
| 12 mth distribution yield* | 6.0% |
| 12 mth gross distribution yield* | 8.0% |
| Franking level | 77.7% |
*As at 30 August 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.