Key highlights

  • ASX:RDV tracks the Russell Australia High Dividend Index, weighted to companies expected to make high dividend payments.
  • The fund holds 50 companies, all in Australia, with the top ten making up 46.70%.
  • The fund has about $347.52 million in assets and a 0.34% management fee.

The Russell Investments High Dividend Australian Shares ETF (ASX:RDV) gives investors exposure to Australian companies expected to pay high dividends. The fund seeks to track the performance of the Russell Australia High Dividend Index by investing predominantly in Australian shares and trusts listed on the ASX.

About the Fund

RDV was admitted to the ASX on 14 May 2010 and is classified in the Australia Equity Income category. The fund has about $347.52 million in assets, and the management fee is 0.34%.

Country exposure

The fund’s entire country allocation is to Australia (100%).

Stocks make up 99.04% of the portfolio, with other securities at 0.96%, and 99.75% of the portfolio is in companies valued above $1 billion.

Portfolio holdings

The portfolio holds 50 companies, with top ten holdings making up 46.7% of the fund. The largest positions are Commonwealth Bank of Australia (6.89%), BHP Group Ltd (6.22%), ANZ Group Holdings Ltd (4.99%), Suncorp Group Ltd (4.92%) and Westpac Banking Corporation (4.68%).

The top ten also include National Australia Bank, Steadfast Group, Telstra, Medibank Private and APA Group. No single holding exceeds 7% of the fund.

Understanding the exposure

The five largest positions add up to 27.70% of the fund, which shows how much of the exposure rests on a small number of names. The remaining 40 holdings share the other 53.30% of the portfolio, an average of about 1.33% each. Every holding is based in Australia, so the fund’s exposure sits entirely in that one market and it has no allocation to other countries.

Fees, size and distributions

RDV pays distributions quarterly. The most recent distribution was an interim distribution of $0.369 per unit, with an ex-date of 30 September 2026 and payment on 15 October 2026, and the reported annual yield is 4.03%.

Fund structure and reporting

RDV has an ISIN of AU000000RDV7 and a head office at Level 28, 85 Castlereagh Street, Sydney. Recent ASX announcements from the fund include monthly units-on-issue announcements, distribution notices for September 2026 and the annual financial report for 30 June 2026.

Australia Equity Income funds invest principally in Australian equities that seek to generate above-market levels of income, either through higher-yielding stocks or through derivatives that complement dividend income, and they typically have a large-cap bias.

Units in RDV are quoted on the ASX and can be bought and sold through a broker during trading hours, in the same way as shares, so the exposure described above is available without buying each holding separately. The fund follows a rules-based index, so its holdings and weightings are set by the index methodology and adjusted when the index is rebalanced.