FTSE ASFA Australian High Dividend Yield
VHY invests in companies listed in Australia, tracking the FTSE ASFA Australia High Dividend Yield Index. The companies sit across multiple industries but the fund does not invest in any real estate (REIT) companies. The fund focuses on investing in businesses that pay out a high dividend.
The index consists on companies listed on the ASX that have a high forecast dividend payout. The companies are picked from the largest 200 companies listed on the ASX. Real Estate (REIT) companies are not included in the Index. The Index is weighted based on market cap.