UBS IQ Morningstar Australia Dividend Yield ETF
Overview
Effective 1 February 2016, the fund’s underlying index changed from the UBS Research Preferred Dividend Index to the Morningstar® Australia Dividend Yield Focus IndexTM. As a result of this change and also effective from 1 February 2016, the name of the fund has changed from UBS IQ Research Preferred Australian Dividend Fund to UBS IQ Morningstar Australia Dividend Yield ETF. The Fund’s ASX 'DIV' ticker remains the same.
Please see the relevant communication found on the UBS IQ ETFs webpage under "Announcements & Product updates", alternatively you can view the ASX announcement on the ASX website.
The Fund
The UBS IQ Morningstar Australia Dividend Yield ETF ("Fund") aims to replicate the performance of the Morningstar® Australia Dividend Yield Focus IndexTM before fees and expenses. The Fund is an exchange traded fund (“ETF”) which is a registered managed investment scheme and can be traded on the ASX. The Fund allows investors, in one transaction, to gain exposure to a diversified portfolio of listed Australian securities that, according to Morningstar equity research, are forecast to offer sustainable income via the distribution of dividends and franking credits. The Fund provides investors with the benefits of a managed fund along with the flexibility of listed securities.
The Index
The Morningstar® Australia Dividend Yield Focus Index™, provides exposure to the equities of high-quality Australian-domiciled companies with strong financial health and an ability to sustain above-average dividend payouts. Companies must have a strong balance sheet and a sustainable competitive advantage as deemed by Morningstar equity research team.
The index consists of 25 stocks screened for their dividend yield. The index is reconstituted and rebalanced semi-annually. The Index is weighted according to the dividends paid by each company that are available to investors. Consequently, the available dividend dollar value is the product of the security’s shares outstanding, free float factor, and annual indicated dividend per share. At the time of rebalancing and reconstitution, the largest weight in the index will not exceed 10% and the sum of the constituent weights that are each greater than 5% will not exceed 50%.
Key benefits
- Research: Access to a portfolio of securities constructed by reference to Morningstar research, amongst other things
- Distributions and franking credits: The Index is constructed with an emphasis on forecast dividend yield and financial statement quantitative factors.
- Diversification: Access a diversified investment through one transaction
- Liquidity: Intra-day trading with units traded continuously throughout each ASX business day
- Transparency: The Fund is designed to replicate the performance of the Index, therefore providing transparent performance
Investment objective
The Fund’s investment objective is to replicate the performance of the Morningstar® Australia Moat Focus IndexTM, before fees and expenses.
Trading
To purchase a UBS IQ Morningstar Australia Dividend Yield ETF contact your broker or financial advisor.
Fund details |
|
Name of Fund |
UBS IQ Morningstar Australia Dividend Yield ETF |
ASX code |
DIV |
ISIN |
AU000000DIV6 |
Currency |
AUD |
Launch date |
14 January 2014 |
DIV share class NAV |
$25,888,199.85 |
Total Fund NAV |
$25,888,199.85 |
NAV per unit |
24.50 |
NAV date |
17 February 2020 |
Number of ETF share class units |
1,056,465.00 |
Typical number of holdings |
25 |
Management costs (p.a.) |
0.30% |
Distribution frequency |
Quarterly |
Domicile |
Australia |
Index details |
|
Index name |
Morningstar® Australia Dividend Yield Focus IndexTM |
Typical number of Index holdings |
25 |
Reweighting frequency |
Semi annually |
Index ticker (Bloomberg) |
MSDIADFA Index |
Index ticker (IRESS) |
tbd |
Daily index level |
2,509.18 |
Trading information |
|
ASX code |
DIV |
Intra-day NAV code |
YDIV |
ETF Bloomberg ticker |
DIV.AU |
ETF IRESS ticker |
DIV.AXW |
Trading hours |
10am-4.10pm |
