Australian (ASX) Stock Market Forum

SYI - SPDR MSCI Australia Select High Dividend Yield Fund

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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

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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

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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.
 
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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
 
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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
 
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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 )
 
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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
 
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SYI Components of distribution

1656474692489.png


Previous distributions.

1656474786700.png

Compared with those of VAS

1656474882153.png


SYI isn't a broad based EFT at all but a concentrated one with less than 40 holdings. The antithesis to the actual concept of index investing by the look of it designed to draw in those who possibly fall for a yield trap.
 
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but at around $25 to $30 a unit SYI has been a bumpy but profitable ride ( at least for me )

Total Holdings 33 ( currently ) Portfolio Turnover 44.22%
and of course the fees are higher ( but not up into the Wilson LIC range ) @ 0.35%

Top 10 Holdings As of 31 May 2022, 10:00 am AEST​


COMPANYASSET
BHPBHP Group Ltd16.64%
FMGFortescue Metals Group Ltd10.27%
RIORio Tinto Ltd10.02%
MINMineral Resources Ltd6.63%
WESWesfarmers Ltd6.26%
Top 10 Holdings
CODECOMPANYASSET
AZJAurizon Holdings Ltd4.63%
COLColes Group Ltd3.82%
WORWorley Ltd3.67%
JBHJB Hi Fi Ltd3.61%
MPLMedibank Private Ltd3.61%

the major detractor for me is of the Top Ten the only shares i DON'T hold directly are RIO , AZJ , JBH , and MPL so run extra concentration risk

cheers
 
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no i just have a different strategy i hold VAS as an insurance against poor ( individual ) stock selection and 'high yield ETFs ' for increased returns at the expense of higher MER
 
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