Why doesn’t the Income SMA fund report on the funds ‘Yield’ return?
The SMA structure differs from that of a traditional managed fund. In both the Growth and Income SMA’s investors have the choice to have dividends paid out or reinvested into their account (as they own the shares, not a slice of a managed fund). The tracked performance shows total return for both the growth and income SMA’s and assumes reinvestment of dividends.
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