Australian (ASX) Stock Market Forum

SYI - SPDR MSCI Australia Select High Dividend Yield Fund

Joined
19 May 2010
Posts
293
Reaction score
1
It seems okay if what you're after is diversification and safety. That being said it appears to be very heavily weighted towards the banks and other financials, with about 55% allocated to these sectors, with some concerns about Australia's housing prices in relation to income these financial shares profits may come under pressure as people default. However that is a bearish view on the economy, if you're bullish on Australia due to it being a "special situation" property wise, then this ETF looks to be the goods for a diversified and cheap way to invest in a bunch of shares. Good for a set and forget investment imo.

:2twocents
 

So_Cynical

The Contrarian Averager
Joined
31 August 2007
Posts
7,263
Reaction score
1,045
Joined
19 May 2006
Posts
698
Reaction score
7
I bought a parcel for my Super recently, it is heavily weighted towards Banks and financials AT PRESENT (about 50%) and I would imagine going forward its going to be weighted to the sector paying the highest dividends, but that’s the way the fund is run to invest in those blue chip company’s excluding property trusts paying the best dividends and with Dividend sustainabilityabilty and currently that means a sizable allocation to the financials, pays quarterly dividends and currently the yield is about 6.5% most of which is franked, biggest holdings are currently the big 4 Banks, AMP, Woolworths, Telstra, Amcor.

For a SMSF I thought it was a good addition :2twocents
 

Dona Ferentes

κατάσκοπος
Joined
11 January 2016
Posts
5,751
Reaction score
5,913
and, a decade later, and the holdings are completely changed around from financials and industrials . With 32 holdings, the Top 5 are:
  1. Fortescue Metals Group FMG with an 11.37% portfolio weighting
  2. BHP Group BHP with a weighting of 10.45%
  3. Rio Tinto RIO with a weighting of 10.01%
  4. Wesfarmers WES with a weighting of 8.03%
  5. Mineral Resources MIN with a weighting of 6.52%
That is a pretty fair heft of mining exposure.... probably good for the next season, but longer term? cyclical businesses!!

Dividend distribution yield of 7.48% and there is franking attached, which gives this yield an additional kick.

The conventional wisdom is that investors usually take an overall performance hit if they want to maximise dividend income. SYI has returned 13.15% over the past 12 months (as of 31 December). It has also averaged a return of 11.19% per annum over the past 3 years, and 6.41% over the past five yrs.

The iShares ASX 200 ETF has given investors a return of 17.11% over the past year. It has also averaged a return of 13.51% over the past 3 years, and 9.62% over the past 5.
 
Joined
20 July 2021
Posts
1,701
Reaction score
2,059
TOP TEN Holdings

CODE
COMPANYASSET
FMGFortescue Metals Group Ltd10.56%
BHPBHP Group Ltd9.71%
RIORio Tinto Ltd9.43%
WESWesfarmers Ltd8.48%
MINMineral Resources Ltd5.90%
CODECOMPANYASSET
AZJAurizon Holdings Ltd4.31%
COLColes Group Ltd4.21%
ASTAusNet Services Ltd4.19%
JBHJB Hi Fi Ltd4.08%
MPLMedibank Private Ltd4.04%

Total Holdings
33

Distinct Portfolio
Yes
Portfolio Turnover
44.22%

i hold SYI

has a habit of being in the M&A action , currently BHP and AST are featured in the activity
 
Joined
6 September 2016
Posts
663
Reaction score
825
Yield hasn't outperformed as a factor in a while. Total return is less than the index, which might be fine if you invest for the income and not to reinvest divs.

Screenshot_2022-01-13_22-06-17.png
 
Joined
20 July 2021
Posts
1,701
Reaction score
2,059
i reinvested ( DRP) the divs

i bought in July 2011 @ $23.35

reduced in November 2014 @ $30.48

added extra in June 2016 @ $25.46

added extra in December 2018 @ $24.92

added extra in September 2020 @ $24.52

now true the current div. paid today is uninspiring

and with a close today of $31.36 i probably should have considered reducing ( but i didn't )

remember this ETF turns over a fair amount of the portfolio each year , and is traded close to the NTA

should i have reduced today , or sit and wait for the AST and BHP moves to play out , time will tell

currently this ETF is a nice counter-balance to MVB which focuses strictly on the ASX's biggest seven banks ( the big 4 + MQG , BEN and BOQ ) ( which is NOT DRPed )
 
Joined
3 April 2017
Posts
737
Reaction score
853
Yield hasn't outperformed as a factor in a while. Total return is less than the index, which might be fine if you invest for the income and not to reinvest divs.

The surprising about this ETF is its franking levels are lower sometimes compared with its bigger sibling STW. never a straightfowrward comparison when a number of factors are taken into account when looking at items beyond cash received for each distribution.

1642215064941.png



1642215100250.png
 
Top