SYI provides investors cost- and tax-effective exposure to the MSCI Australia Select High Dividend Yield Index. The appointed market maker ensures that liquidity is available for investors. The fund will accrue dividends and distributions from the securities comprising the portfolio and distribute them quarterly, net of fees and with any appropriate franking credits.

TGG holds a diversified portfolio of international equities with the portfolio comprising 97 stocks at December-end. The Manager has no imposed restrictions with respect to country or sector weightings, however, aims to maintain a portfolio of prudent diversification for risk management.

The portfolio sets out to mimic the S&P/ASX 300 A-REIT Accumulation Index. Given VAP only invests in property securities, the portfolio is not diversified by sector and has limited security diversification as there are only 20 securities in the index. In line with the index on which it is based, VAP is heavily weighted to the two Westfield securities, which make up ~40% of the index.

VEU holds a large number of investments, 2,314 as at 31 December 2012, located across ~46 countries in line with the FTSE All-World ex-US Index. VEU’s portfolio is well diversified with the largest position being less than 2% of the portfolio.

VTS provides investors with a simple and, given the low MER, very cost-effective way to gain exposure to what is almost the entire US stock market. The fund accrues dividends and distributions from the securities comprising the portfolio and distributes them quarterly, net of any fees. Distributions are subject to a 15% US withholding tax.