Investment

High Yield Australian Shares

Investment details and fees

Fund commenced 15 Jul 2004

Minimum investment amounts

Initial investment$5,000

Additional investment - cheque$1,000

Additional investment - BPAY®$100

Minimum account balance$3,000

Minimum withdrawal or switch$1,000

Fees and costs

Establishment feeNil

Application/contribution feeNil

Withdrawal feeNil

Termination feeNil

Switching feeNil

Management costs

First $50,0000.90% p.a

Next $50,0000.60% p.a

Balance over $100,0000.45% p.a


Buy spread cost (purchase)0.20%

Sell spread cost (withdrawal)0.10%

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Fund ratings

Standard & Poor's Four Stars

Investors with longer term investment objectives often have requirements for regular income and capital growth, especially retirees or those approaching retirement. The Vanguard High Yield Australian Shares Fund combines a tax-effective income stream with the potential for capital growth in the one investment. Using 'dividend enhancement' techniques, Vanguard tilts the portfolio towards companies expected to pay higher than average cash dividends and franking credits.

Who it may suit

  • long-term investors (usually seven years plus)
  • 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

Objectives

Targeting a grossed-up dividend yield that is 1% above the S&P/ASX 200 Index (excluding A-REITs), and a return (income and capital appreciation) that is broadly in line with that index, before taking into account fund fees and expenses.

Benefits

Tax-effective income

  • targets companies expected to pay above average franked dividends
  • excludes listed property trusts as they don't offer franking benefits
  • distributes monthly

Diversification and long-term capital growth potential

  • the S&P/ASX 200 Index (excluding A-REITs) comprises approximately 180 Australian equity securities (shares) and represents more than 92% of the value of all Australian-based companies (excluding A-REITs) listed on the Australian Securities Exchange (ASX)

Potential for better after-tax returns

  • our buy and hold strategy takes advantage of capital gains discounts and the deferral of capital gains liabilities, which may result in better after-tax returns

Low scaled fees

  • low management fees and no entry or exit fees (other than buy/sell spread costs)
  • scaled management fees apply to balances over $50,000

Regular savings plan

  • once you've opened your investment with $5,000 or more, you can use BPAY® to start a regular investment plan with as little as $100

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Knowledge Centre

Managed funds up to $500,000 - Funds at a Glance*

Show all funds or Hide all Funds.

Cash Cash funds suit investors who prefer capital stability and regular income to long-term growth.
 

Index/ Benchmark

Minimum Initial ApplicationApplication FeeAccess to FundsIncome DistributionsBuy/Sell SpreadManagement Costs
For first $50,000For next $50,000Balance over $100,000
Vanguard® Index Cash Plus Fund A customised Index, the Vanguard Cash Plus Index
$5,000
Nil
 Withdrawals are normally paid within four business days
Quarterly
Nil
 0.70% p.a
0.50% p.a
0.35% p.a
Fixed Interest Fixed interest funds suit short to medium-term investors seeking a steady and reliable income stream.
Index/ BenchmarkMinimum Initial ApplicationApplication FeeAccess to FundsIncome DistributionsBuy/Sell SpreadManagement Costs
For first $50,000For next $50,000Balance over $100,000

Vanguard® Index Diversified Bond Fund
A customised Index comprising a 40% allocation to Australian fixed interest securities (bonds) and 60% allocation to international bonds.
$5,000
Nil
Withdrawals are normally paid within four business days
Quarterly
0.25%/      0.25%
0.75% p.a
0.50% p.a
0.35% p.a
PropertyProperty trusts suit investors with a long-term time frame (five years plus).
 Index/ Benchmark

Minimum Initial Application

Application FeeAccess to FundsIncome DistributionsBuy/Sell SpreadManagement Costs
For first $50,000For next $50,000Balance over $100,000
Vanguard® Index Australian Property Securities Fund S&P/ASX 300 A-REIT Index
$5,000
Nil
 Withdrawals are normally paid within four business days
Half Yearly
0.20%/      
0.20%
0.90% p.a
0.60% p.a
0.35% p.a
Australian Shares Shares are high risk and generally suited to longer-term investors (seven years plus)
 Index/ BenchmarkMinimum Initial ApplicationApplication FeeAccess to FundsIncome DistributionsBuy/Sell SpreadManagement Costs
For first $50,000For next $50,000Balance over $100,000

Vanguard® Index Australian Shares Fund

 S&P/ASX 300 Index
$5,000
Nil
Withdrawals are normally paid within four business days
Half Yearly
0.20%/     
0.10%
0.75% p.a
0.50% p.a
0.35% p.a
Vanguard® High Yield Australian Shares Fund S&P/ASX 200 ex A-REIT Index
$5,000
Nil
Withdrawals are normally paid within four business days
Monthly
 0.20%/       0.10%
0.90% p.a
0.60% p.a
0.45% p.a
International Shares International shares are high risk generally suited to longer-term investors (seven years plus)
 Index/ BenchmarkMinimum Initial ApplicationApplication FeeAccess to FundsIncome DistributionsBuy/Sell SpreadManagement Costs
For first $50,000For next $50,000Balance over $100,000
Vanguard® Index International Shares Fund

MSCI World ex-Australia Index in AUD

 $5,000 Nil Withdrawals are normally paid within four business days Half Yearly 0.30%/      0.10%
0.90% p.a
0.60% p.a
0.35% p.a
Vanguard® Index Hedged International Shares Fund MSCI World ex-Australia Index hedged to AUD $5,000 Nil Withdrawals are normally paid within four business days Half Yearly 0.40%/      0.20%
0.90% p.a
0.60% p.a
0.35% p.a
Diversified Diversified funds allow investors to select the portfolio that best matches their risk profile.
 Index/ BenchmarkMinimum Initial ApplicationApplication FeeAccess to FundsIncome DistributionsBuy/Sell SpreadManagement Costs
For first $50,000For next $50,000Balance over $100,000
Vanguard® LifeStrategy® Conservative Fund

70% income and 30% growth (Weighted average of target indexes of the underlying Vanguard Wholesale Index Funds)

 $5,000 Nil Withdrawals are normally paid within four business days Half Yearly 0.15%/      0.10%
0.90% p.a
0.60% p.a
0.35% p.a
Vanguard® LifeStrategy® Balanced Fund 50% income and 50% growth (Weighted average of target indexes of the underlying Vanguard Wholesale Index Funds) $5,000 Nil Withdrawals are normally paid within four business days Half Yearly 0.20%/      0.15%
0.90% p.a
0.60% p.a
0.35% p.a
Vanguard® LifeStrategy® Growth Fund 30% income and 70% growth (Weighted average of target indexes of the underlying Vanguard Wholesale Index Funds) $5,000 Nil Withdrawals are normally paid within four business days Half Yearly

0.25%/      0.15%
0.90% p.a
0.60% p.a
0.35% p.a
Vanguard® LifeStrategy® High Growth Fund 10% income and 90% growth (Weighted average of target indexes of the underlying Vanguard Wholesale Index Funds) $5,000 Nil Withdrawals are normally paid within four business days Half Yearly 0.30%/      0.20%
0.90% p.a
0.60% p.a
0.35% p.a

* Information correct as of March 1 2010.

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GENERAL ADVICE WARNING

Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product issuer. We have not taken your circumstances into account when preparing the above information so it may not be applicable to your circumstances. You should consider your circumstances and our Product Disclosure Statement (PDS) before making any investment decision. You can access our PDS on our website or by calling us. This information was prepared in good faith and we accept no liability for any errors or omissions. Past performance is not an indication of future performance.

We are the trustee of: Vanguard® Personal Superannuation Plan ABN 81 550 468 553 / Vanguard® LifeStrategy® Index PST - Conservative ABN 73 765 732 050 / Vanguard ® LifeStrategy® Index PST – Balanced ABN 23 846 775 905 / Vanguard ® LifeStrategy® Index PST - Growth ABN 95 836 361 772 / Vanguard® LifeStrategy® Index PST – High Growth ABN 61 378 605 876.

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