Key Highlights

  • SWTZ is an actively managed fund that seeks Long-term Growth in Capital and income from Australian listed shares.
  • The fund holds about 36 companies, with BHP and Commonwealth Bank the largest positions.
  • Management fees are 1.00% a year, with an interim distribution of A$0.009 and no annual Yield shown.
  • The fund was unchanged at A$2.35 in the 5 November 2026 session.

The Switzer Dividend Growth Fund Active ETF (ASX:SWTZ) is an actively managed portfolio of Australian shares. The manager blends value, growth and quality approaches to look for companies at reasonable prices. The unit price was unchanged at A$2.35 during the 5 November 2026 session, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$2.35, unchanged

Fund size

A$53.17 million

Management fees and costs

1.00% a year

Last distribution

A$0.009 interim, ex-date 2 November 2026

Cash holding

About 18% of the fund

Number of holdings

About 36 companies

Benchmark

S&P/ASX 100 TR

Admitted to ASX

24 February 2017

What the fund is

SWTZ is an exchange-traded fund listed on the ASX that is actively managed by Switzer's Investment team. Units trade during market hours, and the unit price reflects the value of the shares held and the balance of buyers and sellers.

The fund aims to deliver long-term growth in both capital and income. Unlike an index fund, the manager chooses which companies to hold and how much to hold of each, so results depend on those decisions.

How the portfolio is built

The manager uses a blended approach that combines value, growth and quality characteristics, looking for Australian companies that can be bought at a reasonable price. The fund has a large-cap bias and is focused on income as well as capital growth.

At the time of the latest update, basic materials made up about 32% of the fund and financial services about 29%. BHP, Commonwealth Bank, Westpac, Aristocrat Leisure and Rio Tinto were among the largest holdings. Cash made up about 18% of the portfolio, which affects how fully the fund is invested in shares at any point.

Income and costs

The most recent distribution was an interim payment of A$0.009, with an ex-date of 2 November 2026 and payment on 20 November 2026. The ASX page does not show a current annual yield for the fund, so investors should check the distribution history before comparing income.

Management fees and costs are 1.00% a year, which is higher than the Index Funds covered in this series. Higher fees reduce the net return to unitholders and should be weighed against the expected benefit of active management.

What to understand before investing

Active managers can underperform the market, and the fund's results depend on the manager's stock selection and sector weights. The fund's cash holding can also reduce returns in rising markets and limit losses in falling ones, which is a further active decision.

Like all share funds, SWTZ carries market risk. Its unit price can fall as well as rise, and past results are not a reliable guide to future returns. Investors should consider how an active, income-oriented fund fits with their other holdings and their need for income.

Comparing with other income funds

Investors comparing SWTZ with other Australian income funds may look at the balance between value and growth holdings, the cash level, the fee and the consistency of distributions. Each of these factors shapes the income an investor receives and the risk it carries.

Because the fund is actively managed, its distributions and holdings can change significantly over time. Investors may therefore find it useful to review the fund's approach and portfolio composition at regular intervals rather than relying on a single view of its features.

Final Word

SWTZ offers an active, income-oriented approach to Australian shares at a higher fee than index funds. Its cash position and sector mix are important details when comparing it with broader funds.