Investment

Vanguard Australian Shares High Yield ETF (VHY)

The Vanguard® Australian Shares High Yield ETF (VHY) is a separate class of units in the Vanguard® Australian Shares High Yield Fund.

The investment objective is to seek to match the return (income and capital appreciation) of the FTSE® ASFA Australia High Dividend Yield Index before taking into account fund fees and expenses.

The FTSE® ASFA Australia High Dividend Yield Index is a real-time, market capitalisation weighted index comprised of companies listed on the ASX with higher forecast dividend yields, relative to other companies listed on the ASX*. A-REITs and securities that are not forecast to pay dividends over the next 12 months are excluded from the Index. Then the securities with the highest forecast dividend yields which make up 50% of the float-adjusted market capitalisation of the Index are selected, capping exposure to any one industry at 40% and to any one company at 10%. The number of securities in the Index may vary over time.

Who it may suit

investors seeking a tax-effective income stream
retirees or those nearing retirement
self managed super funds
investors drawing down an allocated pension
higher income earners using a gearing strategy

* Higher dividend yields cannot be guaranteed

More about ETFs

Find out more

Call Vanguard Client Services on 1300 655 888, 8:00am to 6:00pm, Monday to Friday (Melbourne time) or email us.

Exchange Traded Funds (ETFs) at a Glance*

Fixed Interest
	ASX Code	Benchmark	Local / International	Management Costs (p.a)	Distribution Schedule	Lonsec Rating	Product Profile
Vanguard® Australian Government Bond Index ETF	VGB	UBS Government Bond Index	Local	0.20%	Quarterly	n/a

Property
	ASX Code	Benchmark	Local / International	Management Costs (p.a)	Distribution Schedule	Lonsec Rating	Product Profile
Vanguard Australian Property Securities Index ETF	VAP	S&P/ASX 300 A-REIT Index	Local	0.25%	Quarterly	Highly Recommended

Australian Shares
	ASX Code	Benchmark	Local / International	Management Costs (p.a)	Distribution Schedule	Lonsec Rating	Product Profile
Vanguard Australian Shares Index ETF	VAS	S&P/ ASX 300 Index	Local	0.15%	Quarterly	Recommended
Vanguard Australian Shares High Yield ETF	VHY	FTSE ASFA Australia High Dividend Yield Index	Local	0.25%	Quarterly	n/a
Vanguard MSCI Australian Large Companies Index ETF	VLC	MSCI Australian Shares Large Cap Index	Local	0.20%	Quarterly	n/a
Vanguard MSCI Australian Small Companies Index ETF	VSO	MSCI Australian Shares Small Cap Index	Local	0.30%	Semi-annually	n/a

International Shares
	ASX Code	Benchmark	Local / International	Management Costs (p.a)	Distribution Schedule	Lonsec Rating	Product Profile
Vanguard US Total Market Shares Index ETF	VTS	MSCI US Broad Market Index	International	0.06%	Quarterly	Recommended
Vanguard All-World ex-US Shares Index ETF	VEU	FTSE All-World ex-US Index	International	0.18%	Quarterly	Recommended

Click to download Vanguard ETFs at a glance (PDF version)

The mark and name “UBS Government Bond Index” is proprietary to UBS AG (“UBS”).

UBS has agreed to the use of, and reference to the UBS Government Bond Index (the “Index”) by us in connection with the Vanguard Australian Government Bond Index ETF and this website, but the Vanguard funds and ETFs are not in any way sponsored, endorsed or promoted by UBS. Vanguard assumes sole responsibility for producing this marketing material which has not been reviewed by UBS AG.

Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and ASX® is a registered trademark of the Australian Stock Exchange Ltd (“ASX”). These trademarks have been licensed for use by The Vanguard Group, Inc.

Vanguard ETFs are not sponsored, endorsed, sold or promoted by S&P or ASX, and S&P and ASX make no representation, warranty, or condition regarding the advisability of buying, selling, or holding units/shares in the Vanguard ETFs.

The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 ratings presented in this document are limited to “General Advice” and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec receives a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. The Prospectus contains a more detailed description of the limited relationship MSCI has with The Vanguard Group and any related funds. ”FTSE®”, “FT-SE®” and “Footsie®” are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. “All-World” is a trade mark of FTSE International Limited. The FTSE All-World ex-US Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading.