The Vanguard Australian Shares Index ETF is the biggest exchange-traded fund in Australia.
The ETF gives its investors instant diversification to a broad range of Australian shares across the top ASX-listed S&P/ASX 300 Index companies.
The fund pays out a shareholder dividend four times per year, usually in January, April, July, and October.
Based on the running total of $3.44 per unit over the past year, investors would need to own around 2,907 shares of the VAS ETF to earn $10,000 in passive income annually.
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The Vanguard Australian Shares Index ETF is the biggest exchange-traded fund in Australia.
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The article, shortened and in plain language
The Vanguard Australian Shares Index ETF is the biggest exchange-traded fund in Australia. Its shares are popular with passive income investors who want both income and long-term growth.
The ETF gives its investors instant diversification to a broad range of Australian shares across the top ASX-listed S&P/ASX 300 Index companies. What sets the fund apart from the rest is that many ETFs track the S&P/ASX 200 Index, but only VAS mirrors the ASX 300.
As of the 31st of August, its top holdings include BHP Group Ltd, Commonwealth Bank of Australia, National Australia Bank Ltd, Westpac Banking Corp, and ANZ Group Holdings Ltd.
The fund pays out a shareholder dividend four times per year, usually in January, April, July, and October.
The VAS ETF most recently paid its shareholders 48.82 cents per unit in July, with 66.56% franking.
Based on the running total of $3.44 per unit over the past year, investors would need to own around 2,907 shares of the VAS ETF to earn $10,000 in passive income annually.
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