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SYI

$30.64-0.26%Dividend / Income50/100
Fund Page ↗

SPDR MSCI Australia Select High Dividend Yield Fund · State Street

Data as at 29 March 2026

TL;DR

Tracks high dividend-yielding companies from developed markets outside Australia, providing international income diversification. AUD-hedged to remove currency risk on distributions.

MER (Annual Fee)
0.35%
#3 lowest in Dividend / Income
1Y Return
+18.5%
3Y Return (p.a.)
+10.2%
Dividend Yield
11.86%
Trailing 12 months
AUM
$625.3M
Assets under management
Avg Daily Turnover
$512K
Avg shares × unit price
Unit Price
$30.64
As at 29 March 2026
Provider
State Street
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Strategy

Follows the MSCI World ex-Australia High Dividend Yield Index, selecting developed market companies with above-average dividend yields. Currency hedged to AUD. Managed by Vanguard.

Top Holdings

Key Fact

SYI is hedged to AUD, which matters particularly for income investors. Without hedging, a 5% currency movement can swamp a 4% dividend yield, making annual income unpredictable. The hedge removes this uncertainty.

Suited for

Investors wanting international income diversification beyond Australian equities. The AUD hedge removes currency uncertainty from distribution income.

Risks

High international dividend yields can reflect different payout cultures rather than superior company quality. US companies typically buy back shares rather than pay dividends — so this fund is materially underweight the US versus VGS.

SYI Comparisons

ETFCheck Score50/100
Fees (40%)48
Fund Size (25%)41
Liquidity (20%)31
Yield (15%)100
How scores are calculated →
Other Dividend / Income ETFs
VHY
0.25% MER
68
IHD
0.30% MER
46
HVST
0.47% MER
30
UMAX
0.79% MER
19
RINC
0.85% MER
16View all Dividend / Income ETFs →

Frequently Asked Questions - SYI

How does SYI's sustainability screen reduce yield traps compared to VHY?+
SYI tracks the MSCI Australia Select High Dividend Yield Index, which applies dividend coverage ratio filters to exclude companies paying unsustainable dividends from retained earnings. This contrasts with Vanguard's VHY, which primarily screens on forecast yield without explicit payout sustainability checks. For Australian investors, this means SYI may avoid stocks likely to cut dividends, though its 5.18% yield is typically lower than VHY's as a trade-off for higher quality income.
Is SYI a good choice for SMSF retirees seeking franked income?+
SYI is well-suited to SMSFs in pension phase because its heavy weighting toward ASX-listed banks and miners typically delivers a high franking percentage, often above 70%. The fund's 5.18% trailing yield combined with franking credits can produce an effective pre-tax yield exceeding 7% for funds claiming full refunds. However, its sector concentration in financials and resources means retirees should consider diversifying with bonds or international income ETFs alongside SYI.
What is SYI's sector concentration risk and how does it compare to broader ASX ETFs?+
SYI is significantly overweight financials and materials, often allocating over 60% to these two sectors compared to roughly 45% in a broad ASX 200 fund like IOZ. This concentration delivered a strong 13.6% one-year return but leaves investors exposed to banking regulation changes or commodity price downturns. Australian investors should treat SYI as an income tilt within a diversified portfolio rather than a core Australian equity holding.
How does SYI's 0.35% MER stack up against rival ASX dividend ETFs?+
SYI's 0.35% MER sits between iShares' IHD at 0.30% and BetaShares' actively managed HVST at 0.47%, making it competitively priced for a quality-screened dividend fund. Unlike cheaper broad-market ETFs such as IOZ at 0.05%, SYI charges a premium for its dividend sustainability methodology. For most Australian investors, the fee difference is modest and arguably justified if the coverage ratio screen successfully avoids dividend cuts over full market cycles.