ETF Aurora Dividend (Yield play) Income ETF

Hi Gang,

Don't know much about it but it looks interesting:

https://funds.comsec.com.au/Public/NewsAndSpecialOffers/News.aspx?NewsType=Special&ID=149

Cheers - Gordon

 

Does look very interesting and has held up very well during the downturn in the market.
Unfortunately it's not listed on Suncorp's approved security list.
Is anyone here invested in this fund?

 

I agree, the fund looks interesting. Basically just collecting dividends and franking credits.
According to: http://www.aurorafunds.com.au/downloads/AOD_Newsletter.pdf
performance was 15.7%, 12.8% in 2006/07 and 2007/08. Which is pretty good.

It looks like the way the strategy works is that there will be no capital growth though.

Might look a bit deeper into this one.

 

Certainly worth a 2nd & 3rd look. But please excuse my ignorance but if one is looking at it in pure yield terms, what is it % returning?
I have trolled through the Aurora web site & other sites but cant find a pure (and simple) number! There are so many caveets with regards to reinvestment of dividends, etc - for a basic bloke like me, forget the capital movement, for $1 in, what is my yield?
Help please.

 

I believe, that since the fund is actively traded, only hold securities for 45 days, and pays out all profits as a dividend. Then the yield (grossed up to include franking credits) was 15.7%, 12.8% in 2006/07 and 2007/08. So if you invested $1 at the beginning for July 07, you would have been payed $0.128 in dividends till June 08.