VanEck Blog & Insights

VanEck Vectors S&P/ASX Franked Dividend ETF FDIV

Fund description:  VanEck Vectors S&P/ASX Franked Dividend ETF (FDIV) invests in a diversified portfolio of ASX-listed securities that have paid out 100% franked dividends in the past two years with the aim of providing investment returns (before management costs) that closely track the returns of the S&P/ASX Franked Dividend Index (SPAXFDAT).

Index description: SPAXFDAT is composed of 30 companies within the S&P/ASX 200 that have paid out 100% franked dividends in the past two years.

Management style:  Replication

 as at 22-Feb-19

  • Exchange

    ASX
  • ASX code

    FDIV
  • Bloomberg index code

    SPAXFDAT
  • Index provider

    Standard & Poors
  • NAV

    $24.27
  • Units outstanding

    282,871
  • Net assets

    $6.9M
  • Number of holdings

    29
  • Inception date1

    27-Apr-16
  • ASX commencement

    02-May-16

1The date the Fund was seeded prior to quotation on ASX.

as at 22-Feb-19

Key points

Underlying index:
S&P/ASX Franked Dividend Index (SPAXFDAT).

The Index comprises:
SPAXFDAT is composed of 30 companies within the S&P/ASX 200 that have paid out 100% franked dividends in the past two years.

Companies eligible for inclusion in Index:
Securities in the S&P/ASX 200 Index

Selection criteria:
Liquidity: New companies must have a minimum three-month average-daily-trading volume of at least $2.0 million and existing companies must have a minimum three-month average-daily-trading volume of at least $1.5 million
Franking percentage: Companies must have paid out 100% franked dividends over the past two years

Index provider:
S&P Dow Jones Indices LLC.  The "S&P/ASX Franked Dividend Index" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and ASX Limited (“ASX”) and licensed for use by VanEck.

Index profile  

  • Bloomberg index code

    SPAXFDAT
  • Base date

    31-Jan-02
  • Rebalance Frequency

    Semi-annual

Top ten index constituents (%) Download all daily index constituents as at 31-Jan-19

Total constituents: 30
Constituent name
ASX code
Weightings (%)
BHP BILLITON LTD
BHP AU
9.11
COMMONWEALTH BANK OF AUSTRAL
CBA AU
8.14
AUST AND NZ BANKING GROUP
ANZ AU
7.52
NATIONAL AUSTRALIA BANK LTD
NAB AU
7.43
WESTPAC BANKING CORP
WBC AU
7.30
WOOLWORTHS LTD
WOW AU
7.29
RIO TINTO LTD
RIO AU
7.12
TELSTRA CORP LTD
TLS AU
6.76
WOODSIDE PETROLEUM LTD
WPL AU
6.27
WESFARMERS LTD
WES AU
5.63
Top ten total (%) 72.57
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index country weightings (%) as of 31-Jan-19

  • Country

    Weightings (%)
  • AUSTRALIA

    100.0
  • Total

    100.0

Index sector weightings (%) as at 31-Jan-19

  • Sector

    Weightings (%)
  • Commercial Banks

    32.1
  • Metals & Mining

    20.7
  • Insurance

    7.8
  • Oil, Gas & Consumable Fuels

    7.7
  • Food & Staples Retailing

    7.3
  • Diversified Telecommunication Services

    6.8
  • Multiline Retail

    5.6
  • Capital Markets

    3.0
  • Hotels, Restaurants & Leisure

    2.4
  • Health Care Equipment & Supplies

    2.0
  • Health Care Providers & Services

    1.3
  • Professional Services

    1.1
  • Diversified Financial Services

    0.7
  • Construction & Engineering

    0.7
  • Interactive Media & Services

    0.7
  • Total

    99.9

Source: S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed by VanEck. FDIV is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or ASX and none of them makes any representation regarding the advisability of investing in FDIV. Such parties do not accept liability for any errors, omissions, or interruptions of the S&P/ASX Franked Dividend Index and do not give any assurance that FDIV will accurately track the performance of the index or provide positive investment returns. Inclusion of a security within the index or Fund is not a recommendation by any party to buy, sell, or hold such security. The Index provider is not a related body corporate of VanEck Investments Limited.