SPDR S&P/ASX 200 Fund
Price
A$81.37
YTD
+4.20%
Expense
0.05%
Yield
3.80%
VHY
VHY ASX
Vanguard Australian Shares High Yield ETF · by Vanguard
Price
A$85.29
YTD return
+3.80%
1Y return
10.50%
Expense ratio
0.25%
Dividend yield
5.50%
AUM
A$4.2B
Vanguard Australian Shares High Yield ETF (VHY) targets Australian companies with higher-than-average dividend yields plus franking credits for tax-effective income.
About Vanguard Australian Shares High Yield ETF
VHY is Australia's most popular dividend ETF. It selects stocks forecast to have above-average dividend yields, typically delivering 5-6% gross yield including franking credits — a major tax advantage for Australian investors.
Franking Credits
Australian dividends often come with franking credits (imputation credits), meaning the company has already paid tax on profits. This can boost after-tax returns significantly for Australian residents.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | BHP Group | BHP | Materials | 10.50% | A$66.84 0.66% |
| 2 | Commonwealth Bank | CBA | Financial | 8.80% | A$156.31 0.87% |
| 3 | National Australia Bank | NAB | — | 6.20% | A$38.38 1.05% |
| 4 | Westpac Banking | WBC | — | 5.80% | A$33.96 0.83% |
| 5 | ANZ Group | ANZ | Financial | 5.20% | A$36.64 0.49% |
| 6 | Woodside Energy | WDS | Energy | 4.50% | A$32.09 0.28% |
| 7 | Telstra | TLS | — | 4.00% | A$4.61 0.55% |
| 8 | Fortescue | FMG | — | 3.80% | A$17.83 0.73% |
| 9 | Rio Tinto | RIO | Materials | 3.50% | p7,688.00 -0.54% |
| 10 | Suncorp Group | SUN | — | 2.80% | A$18.54 -1.64% |
Frequently asked questions
What are franking credits?
Franking credits (imputation credits) represent tax already paid by Australian companies on their profits. They reduce your personal tax on dividends, boosting after-tax returns.
VHY yield with franking?
VHY's cash yield is ~5.5%, but with franking credits the gross yield can be 6-7%, making it very attractive for Australian tax residents.
Compare with similar ETFs
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Expense
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Vanguard Australian Shares High Yield ETF
Price
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YTD
+3.80%
Expense
0.25%
Yield
5.50%
Schwab U.S. Dividend Equity ETF
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Community
VHY discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of VHY in 2026?
VHY price prediction 2026: what actually drives it?
Does VHY pay a dividend, and how reliable is the yield?
Is VHY a good long-term hold, or too concentrated?
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