What does the RDV ETF do for a diversified portfolio?
The Russell Investments RDV ETF invests in a diversified portfolio of high-yielding âblue chipâ Australian companies. This ETF tracks this Russell Australia High Dividend Index.
Investors could use this ETF if they are looking for a diversified portfolio of Australian companies that have a track record of paying regular, tax-effective dividends to their shareholders.
How big is the Russell Investments RDV ETF?
The Russell Investments RDV ETF had $237.76 million of money invested when we last pulled the monthly numbers. Given RDV’s total funds under management (FUM) figure is over $100 million, the ETF has met our minimum criteria for the total amount of money invested, otherwise known as FUM. We draw the line at $100 million for ETFs in the Australian shares sector because we believe that relative to smaller ETFs, achieving this amount of FUM de-risks the ETF.
RDV ETF fees reviewed
Russell Investments charges investors a yearly management fee of 0.34% for the RDV ETF. This means that if you invested $2,000 in RDV for a full year, you could expect to pay management fees of around $6.80.
For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.5% or around $10.00 per $2,000 invested. Keep in mind, small changes in fees can make a big difference after 10 or 20 years.
Next steps
Even if you like what you see, before diving straight into buying the RDV ETF, please read the ETF’s Product Disclosure Statement (PDS). Also, be sure to take a look at our Russell Investments RDV report for a more comprehensive overview of this ETF. While you’re on our website, use our complete list of ASX ETFs to search for a few different ETFs in the sector and conduct a side-by-side comparison using everything you’ve learned here.
