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2019 Financial Year ETF & LIC performance report

The 2019 Financial Year saw sharp selloffs in the first half of the year and booming markets in the second half. 84% of ETFs reported positive performance, yet just 40% of LICs did in the same period. We take a look at the winners in FY 2019.

By ETF Watch - Jul 12, 2019

The 2019 Financial Year was certainly a year of two halves. Global selloffs saw share markets fall anywhere from 10-20% in late 2018, bringing doom and gloom back into the market. However, almost as if a switch was flicked on 1 January, 2019 has seen markets rally to finish the Australian financial year at or close to record highs.

Few shining lights in LIC Land

As we reported on last month, LICs en masse remain in the doldrums, with most funds trading at a higher discount to their underly NAV than a year ago, affecting their overall performance from a share price perspective. Additionally, as global markets continue to march ahead, professional fund managers have struggled to generate outsized returns then they would achieve by being simply ‘in the market’.

The net result is just 34 of 84 (40%) LICs providing positive shareholder performance, and only 14 (17%) providing a return of greater than 10% including dividends. Many LIC investors will be disappointed with their investments over the last year where most benchmarks returned 10-15%.

There were however some shining lights in the LIC space. Tech startup investor Bailador Technology Investments Limited (BTI) delivered a 42% return over the 12 months to 30 June, cashing in on the burgeoning Australian tech sector. Additionally in a strong year for global infrastructure, Argo’s Global Listed Infrastructure Limited (ALI) and relative newcomer URB Investments Limited (URB) returned a total of 28% and 20% respectively.

Winners all round in ETFs

It has certainly been a good year for ETFs, with 87% of ETFs reporting a positive return and 37% returning 10% or more including dividends. Of the top 10 ETF performers, 8 are classified as Index Tracking or Passive, meaning it really has been a year where passive investment has shone.

Leading the charge for ETFs is little known metal ETF ETFS Physical Palladium (ETPMPD), a metal used in the manufacture of car engines, returning 68% in the last year and a monumental 600% in the last 10 years.

A number of other precious metals ETFs land in the top 10. A strong year for gold saw GDX, PMGOLD, and GOLD all return 18%+ and the ETFS Physical Precious Metals Basket (ETPMPM) returned 24%.

Infrastructure and Property ETFs also did well with Actively managed AMP Capital Global Global Infrastructure Securities Fund (GLIN) returning 21% and Vanguard and SPDR’s Australian property funds VAP & SLF returning 19% and 18% respectively.

Betashares proved that ethical investing does not necessarily need to mean compromising on returns, with their popular Australian and Global Sustainability Leaders ETFs, FAIR & ETHI returning 16%, comfortably outperforming ASX 200 and Broad Global ETFs which returned around the 11% mark.

Full performance figures can be found below.

TickerFund NameFund TypeGrowth (%)Income Yield (%)Total Performance (%)Franked dividends (%)
ETPMPDETFS Physical PalladiumETF68.38068.380
BTIBailador Technology Investments limitedLIC41.89041.890
ALIArgo Global Listed Infrastructure LimitedLIC25.562.7828.33100
MVAVanEck Vectors Australian Property ETFETF20.214.5724.781.67
ETPMPMETFS Physical Precious Metal BasketETF24.07024.070
GDXVanEck Vectors Gold Miners ETFETF23.110.4123.520
GLINAMP Capital Global Infrastructure Securities Fund (unhedged) (managed fund)ETF18.752.7521.50
URBURB Investments LimitedLIC16.673.0619.72100
MGEMagellan Global Equities FundETF19.43019.430
PMGOLDPerth Mint GoldETF19.35019.350
VAPVanguard Australian Property Securities Index ETFETF15.423.4418.873.86
GOLDETFS Physical GoldETF18.71018.710
SLFSPDR S&P/ASX 200 Listed Property FundETF11.736.9218.652.99
COREETFS Global Core Infrastructure ETFETF13.34.818.090.23
PL8Plato Income Maximiser LimitedLIC9.768.2918.05100
EGFEvans & Partners Global Flagship FundLIC9.597.9517.530
IXJiShares Global Healthcare ETFETF16.381.0717.440
RINCBetaShares Legg Mason Real Income Fund (managed fund)ETF13.124.1217.2413.64
WVOLiShares Edge MSCI World Minimum Volatility ETFETF13.523.4716.980
MNRSBetashares Global Gold Miners ETF - Currency HedgedETF16.8016.80
MOATVaneck Vectors Morningstar Wide Moat ETFETF15.221.4516.670
ETHIBetaShares Global Sustainability Leaders ETFETF14.771.8416.60
CAMClime Capital LimitedLIC12.144.3416.47100
FAIRBetaShares Australian Sustainability Leaders ETFETF13.932.3516.2849.77
QUALVanEck Vectors MSCI World Ex-Australia ETFETF14.361.7616.120
MICHMagellan Infrastructure Fund (Currency Hedged) (Managed Fund)ETF14.491.2515.740
IVViShares Core S&P 500ETF13.641.3414.980
IXIiShares Global Consumer Staples ETFETF13.611.2914.90
RENTAMP Capital Global Property Securities Fund (unhedged) (managed fund)ETF13.11.5314.630
QMIXSPDR MSCI World Quality Mix FundETF11.113.3514.473.2
NDQBetashares NASDAQ 100ETF13.910.5514.450
OZRSPDR S&P/ASX 200 Resources FundETF9.295.1514.4496.24
IOOIShares Global 100 ETFETF13.60.8214.420
TECHETFS Morningstar Global Technology ETFETF4.739.2814.010.35
IFRAVanEck Vectors FTSE Global Infrastructure (Hedged) ETFETF10.243.713.940.5
SPYSPDR S&P 500 ETF TrustETF12.90.913.80
MHGMagellan Global Equities Fund Currency Hedged (Managed Fund)ETF13.71013.710
QREBeta Shares S&P/ASX 200 Resources Sector ETFETF9.923.7913.7195.09
VLCVanguard MSCI Australian Large Companies IndexETF8.515.0513.5684.28
SFYSPDR S&P/ASX 50 FundETF8.145.3113.4580.46
MGGMagellan Global TrustLIC11.561.8813.440
LSXLion Selection Group LimitedLIC13.33013.330
ILCiShares S&P/ASX 20 ETFETF7.815.2913.191.67
HACKBetaShares Global Cybersecurity ETFETF8.514.5713.080
VTSVanguard US Total Market Shares IndexETF11.711.3213.030
MVRVanEck Vectors Australian Resources ETFETF10.562.312.8683.06
CBCCBG CapitalLIC9.193.5712.76100
VHYVanguard Australian Shares High Yield ETFETF5.057.712.7560.77
GEARBetaShares Geared Australian Equity Fund (Hedge Fund)ETF7.834.8812.7174.5
CREDBetaShares Australian Investment Grade Corporate Bond ETFETF8.343.6912.040
RGBRussell Australian Government Bond ETFETF8.523.3511.870
MVOLiShares Edge MSCI Australia Minimum Volatility ETFETF5.266.411.6759.77
WEMGSPDR S&P Emerging Markets FundETF8.892.7411.640
AGMAustralian Governance & Ethical Index FundLIC4.327.311.620
UBWUBS IQ MSCI World ex Australia Ethical ETFETF9.12.4211.520
QAUBetaShares Gold Bullion ETF - Currency HedgedETF11.48011.480
UBAUBS IQ MSCI Australia Ethical ETFETF5.625.8411.4676.95
UBUUBS IQ MSCI USA Ethical ETFETF8.772.6911.460
DJRESPDR Dow Jones Global Real Estate FundETF7.53.7311.220.3
VGSVanguard MSCI Index International SeriesETF8.22311.220
RDVRussell High Dividend Australian Shares ETFETF47.2211.2278.77
GGUSBetashares Geared US Equity Fund - Currency Hedged (Hedge Fund)ETF10.340.7511.090
IOZiShares S&P/ASX 200 ETFETF6.584.511.0881.4
YANKBetaShares Strong U.S. Dollar Fund (hedge fund)ETF8.082.9411.020
A200Betashares Australia 200 ETFETF8.182.8110.9975.77
STWSPDR S&P/ASX 200 FundETF5.865.0810.9576.61
WXOZSPDR S&P World Ex Australia FundETF7.493.3410.830
ZYUSETFS S&P 500 High Yield Low Volatility ETFETF2.618.2110.820
RARIRussell Australian Responsible Investment ETFETF2.258.5610.8133.23
VASVanguard Australian Shares IndexETF6.074.7310.869.2
DRUGBetaShares Global Healthcare ETF - Currency HedgedETF6.993.6410.630
MVWVanEck Vectors Australian Equal Weight ETFETF7.692.7610.4578.02
IGBIShares UBS Treasury ETFETF8.591.8310.420
FSIFlagship Investments LimitedLIC5.424.8210.24100
DUIDiversified United InvestmentLIC6.343.7810.12100
CLFConcentrated Leaders Fund LimitedLIC2.837.2910.12100
BONDSPDR S&P/ASX Australian Bond FundETF7.842.2510.080
HVSTBetaShares Australian Dividend Harvester Fund (Managed Fund)ETF1.628.369.9884.65
GOVTSPDR S&P/ASX Australian Government Bond FundETF7.662.239.890
VGBVanguard Australian Government Bond Index ETFETF7.682.199.870
MFFMFF Capital Investments LimitedLIC8.611.129.74100
IWLDiShares Core MSCI World All Cap ETFETF7.192.459.630
UMAXBetashares S&P500 Yield Maximiser Fund (Managed Fund)ETF3.845.729.560
SYISPDR MSCI Australia Select High Dividend Yield FundETF2.337.189.5178.98
IAFiShares UBS Composite Bond ETFETF7.022.369.370
VAFVanguard Australian Fixed Interest IndexETF6.52.89.310
QUSBetashares FTSE RAFI US 1000 ETFETF5.753.449.190
AUIAustralian United InvestmentLIC4.974.169.13100
WDIVSPDR S&P Global Dividend FundETF3.865.229.080.73
AUMFiShares Edge MSCI Australia Multifactor ETFETF2.326.759.0748.24
PLUSVanEck Vectors Australian Corporate Bond Plus ETFETF5.63.439.030
IHEBiShares J.P. Morgan USD Emerging Markets Bond (AUD Hedged) ETFETF6.042.828.860
VDHGVanguard Diversified High Growth Index ETFETF5.942.918.8639.27
AYFAustralian Enhanced Income FundLIC2.935.918.8441.18
VDGRVanguard Diversified Growth Index ETFETF6.432.378.837.49
IHOOiShares Global 100 AUD HedgedETF1.457.338.780
BKIBKI Investment Company LimitedLIC2.955.798.74100
ZUSDETFS Physical US Dollar ETFETF6.622.118.720
VMINVanguard Global Minimum Volatility Active ETF (Managed Fund)ETF8.6708.670
VGEVanguard FTSE Emerging Markets SharesETF6.62.058.650
VDBAVanguard Diversified Balanced Index ETFETF7.21.428.6240.09
WRLDBetashares Managed Risk Global Share FundETF6.521.818.330
ILBiShares UBS Government Inflation ETFETF7.290.998.280
QOZBetaShares FTSE RAFI Australia 200 ETFETF1.646.638.2768.68
ESGIVanEck Vectors MSCI International Sustainable Equity ETFETF7.720.488.20
CETFVanEck Vectors ChinaAMC A-Share ETFETF2.225.948.170
DJWDjerriwarrh InvestmentsLIC2.075.927.99100
UBEUBS IQ MSCI Europe Ethical ETFETF4.83.187.980
IHVViShares S&P 500 AUD HedgedETF5.082.857.930
VCFVanguard International Credit Securities Index (Hedged) ETFETF4.563.347.90
RCBRussell Australian Select Corporate Bond ETFETF3.44.427.820
GCIGryphon Capital Income TrustLIC34.827.820
VDCOVanguard Diversified Conservative Index ETFETF6.561.147.733.55
YMAXBetaShares Australian Top 20 Equity Yield Maximiser FundETF-1.118.817.6951.75
AUSTBetashares Managed Risk Australian Share FundETF4.6537.650
DIVUBS IQ Morningstar Australia Dividend Yield ETFETF2.535.037.5769.04
VACFVanguard Australian Corporate Fixed Interest Index ETFETF4.82.647.440
IHDiShares S&P/ASX Dividend Opportunities Fund ETFETF1.995.47.3991
VBNDVanguard Global Aggregate Bond Index (Hedged) ETFETF5.491.797.280
IHCBiShares Global Corporate Bond ETF (Hedged)ETF5.51.757.250
USDBetaShares U.S. Dollar ETFETF6.430.797.220
RSMRussell Australian Semi-Government Bond ETF ETF4.22.837.030
ETFUBS IQ Morningstar Australia Quality ETFETF2.754.146.8961.79
MLTMilton CorporationLIC2.174.716.88100
OZFSPDR S&P/ASX 200 Financials ex A-REITS FundETF2.094.796.8794.45
MVBVanEck Vectors Australian Banks ETFETF1.794.956.7589.28
MOGLMontgomery Global Equities Fund (Managed Fund)ETF2.274.416.680
AFIAustralian Foundation Investment Company (AFIC)LIC1.465.196.66100
QFNBeta Shares S&P/ASX 200 Financials Sector ETFETF2.374.266.6393.23
FPPFat Prophets Global Property FundLIC0.985.66.580
HBRDBetaShares Active Australian Hybrids Fund (managed fund)ETF2.53.96.4168.39
VIFVanguard International Fixed Interest (Hedged) ETFETF3.722.666.390
EX20BetaShares Australian Ex-20 Portfolio Diversifier ETFETF1.694.566.2628.07
IEUIShares Europe ETFETF5.680.566.250
IEMiShares MSCI Emerging Markets ETFETF4.991.186.160
ARGArgo InvestmentsLIC1.884.025.9100
VGADVanguard MSCI Index International Series (Hedged)ETF4.71.055.750
IZZiShares China Large-Cap ETFETF4.860.885.740
EINCBetaShares Legg Mason Equity Income Fund (managed fund)ETF2.92.815.7183.45
ZYAUETFS S&P/ASX 300 High Yield Plus ETFETF0.275.215.4769.12
VEQVanguard FTSE Europe Shares ETFETF2.742.675.410
IVEiShares MSCI EAFE ETFETF4.440.815.250
IJHiShares Core S&P MidCap 400ETF4.360.865.220
EIGAeInvest Income Generator Fund (Managed Fund)ETF-6.311.475.170
EAFEvans & Partners Asia FundLIC0.834.35.120
VAEVanguard FTSE Asia ex Japan Shares Index ETFETF2.52.625.120
WXHGSPDR S&P World Ex Australia (Hedged) FundETF0.234.654.870
VEUVanguard All-World EX US Shares IndexETF3.431.284.710
ITWiShares MSCI Taiwan ETFETF4.6504.650
IAAiShares Asia 50 ETFETF3.041.464.490
GROWSchroder Real Return Fund (Managed Fund)ETF1.083.344.420
IHHYiShares Global High Yield Bond (Hedged) ETFETF1.462.954.410
VG1VGI Partners Global Investments LimitedLIC4.4104.410
MXTMCP Master Income TrustLIC-1.455.644.190
VSOVanguard MSCI Australian Small Companies IndexETF1.732.424.1472.69
IHWLiShares Core MSCI World All Cap (AUD Hedged) ETFETF1.442.684.120
WDMFiShares Edge MSCI World Multifactor ETFETF1.092.873.960
SWTZSwitzer Dividend Growth Fund (Managed Fund)ETF-1.154.953.8100
EEUBetaShares Euro ETFETF3.6203.620
QPONBetaShares Australian Bank Senior Floating Rate Bond ETFETF0.782.613.40
HEURBetaShares WisdomTree Europe ETF - Currency HedgedETF-0.393.713.320
UBPUBS IQ MSCI Asia APREX 50 Ethical ETFETF1.451.763.20
FLOTVaneck Vectors Australian Floating Rate ETFETF0.42.452.850
MVEVanEck Vectors S&P/ASX MidCap ETFETF02.682.6869.05
AYKAustralian Masters Yield Fund No 4 LimitedLIC-
ROBOETFS ROBO Global Robotics and Automation ETFETF2.220.342.560
SMLLBetaShares Australian Small Companies Select Fund (managed fund)ETF-2.294.762.4844.07
IBCIronbark Capital LimitedLIC-3.065.412.35100
ISECiShares Enhanced Cash ETFETF0.162.062.220
MVSVanEck Vectors Small Cap Dividend Payers ETFETF-0.812.962.1587.5
AAABetashares Australian High Interest Cash ETFETF-0.022.0220
MONYUBS IQ Cash ETFETF0.11.861.960
BILLiShares Core Cash ETFETF0.081.871.950
POUBetaShares British Pound ETFETF1.250.391.650
BSTBarrack St Investments LimitedLIC-2.033.551.52100
EGDEvans & Partners Global Disruption FundLIC1.4201.420
BAFBlue Sky Alternatives Access Fund LimitedLIC-56.251.2565
QAGBetaShares Agricultural ETF - Currency Hedged (Synthetic)ETF1.1701.170
FOODBetaShares Global Agriculture Companies ETF - Currency HedgedETF-2.593.651.050
ISOiShares S&P/ASX Small Ordinaries ETFETF-1.342.190.8567.15
SSOSPDR S&P/ASX Small Ordinaries FundETF-1.632.380.7559.61
MA1Monash Absolute Investment CompanyLIC-0.611.220.61100
WLEWAM Leaders LimitedLIC-3.914.480.57100
PIXXPlatinum International Fund (Quoted Managed Hedge Fund)ETF-8.328.620.30
BHDBenjamin Hornigold LimitedLIC0000
HMLHenry Morgan LimitedLIC0000
KATKatana CapitalLIC-1.961.960100
TEKThorney Technologies LTDLIC0000
IJPiShares MSCI Japan ETFETF-0.620.6-0.020
PAXXPlatinum Asia Fund (Quoted Managed Hedge Fund)ETF-5.355.13-0.210
ETPMPTETFS Physical PlatinumETF-0.310-0.310
ETPMAGETFS Physical SilverETF-0.620-0.620
CINCarlton InvestmentsLIC-4.473.78-0.7100
EMKTVanEck Vectors MSCI Multifactor Emerging Markets Equity ETFETF-1.240.47-0.780
INIFInvestSMART Australian Equity Income Fund (Managed Fund)ETF-4.373.46-0.9135.2
MIRMirrabooka InvestmentsLIC-9.678.18-1.49100
UBJUBS IQ MSCI Japan Ethical ETFETF-3.441.55-1.890
TOPThorney Opportunities LimitedLIC-2.90.96-1.94100
FGGFuture Generation Global Investment Company LimitedLIC-2.940.74-2.210
VVLUVanguard Global Value Equity Active ETF (Managed Fund)ETF-8.085.67-2.410.2
IJRiShares Core S&P SmallCap 600ETF-3.360.88-2.480
GVFGlobal Value Fund LimitedLIC-8.925.92-370
FGXFuture Generation Investment Fund LimitedLIC-6.773.67-3.11100
BNKSBetaShares Global Banks ETF - Currency HedgedETF-7.544.42-3.110
SNCSandon Capital Investments LimitedLIC-10.817.57-3.24100
PIAPengana International Equities LimitedLIC-9.486.03-3.45100
AYZAustralian Masters Yield Fund Number 5LIC-24.3920.77-3.6113.34
DMKTAMP Capital Dynamic Markets Fund (Hedge Fund)ETF-5.71.03-4.670
WAAWAM ActiveLIC-9.955.25-4.71100
ACQAcorn Capital Investment Fund LimitedLIC-11.36.09-5.22100
PICPerpetual Investment CompanyLIC-11.115.47-5.64100
IKOiShares MSCI South Korea Capped ETFETF-5.770-5.770
QVEQV Equities LimitedLIC-10.434.61-5.83100
WAXWAM Research LimitedLIC-12.256.36-5.89100
WICWestoz Investment Company LimitedLIC-11.595.15-6.4450
NACNAOS Ex-50 Opportunities Company LimitedLIC-13.616.86-6.75100
SECSpheria Emerging Companies LimitedLIC-9.512.06-7.46100
ALFAustralian Leaders Fund LimitedLIC-11.653.88-7.77100
QCBBetaShares Commodities Basket ETF - Currency Hedged (Synthetic)ETF-15.747.96-7.780
KIIK2 Global Equities Fund (Hedge Fund)ETF-8.520-8.520
WAMWAM CapitalLIC-15.136.51-8.61100
GFLGlobal Masters FundLIC-8.650-8.650
CVFContrarian Value Fund LimitedLIC-14.415.51-8.9100
TGGTempleton Global GrowthLIC-14.795.63-9.15100
BEARBetaShares Australian Equities Bear (Hedge Fund)ETF-9.340-9.340
FUELBetaShares Global Energy Companies ETF - Currency HedgedETF-12.352.62-9.720
EGIEllerston Global Investments LimitedLIC-13.082.8-10.28100
WMIWAM Microcap LimitedLIC-14.744.39-10.35100
HJPNBetaShares WisdomTree Japan ETF - Currency HedgedETF-12.92.44-10.460
WGBWAM Global LimitedLIC-10.860-10.860
PAIPlatinum Asia Investments LimitedLIC-18.256.35-11.9100
EAIEllerston Asian InvestmentsLIC-13.951.86-12.09100
FPCFat Prophets Global Contrarian Fund LtdLIC-12.370-12.370
CIEContango Income Generator LimitedLIC-19.156.34-12.8167.45
PAFPM Capital Asian Opportunities Fund LimitedLIC-16.373.54-12.83100
GC1Glennon Small Companies LimitedLIC-174-13100
NGENGE Capital LimitedLIC-13.430-13.430
AUDSBetaShares Strong Australian Dollar Fund (hedge fund)ETF-13.810-13.810
OZGOzgrowth LimitedLIC-16.672.78-13.89100
MECMorphic Ethical Equities Fund LimitedLIC-16.431.93-14.49100
PGFPM Capital Global Opportunities Fund LimitedLIC-17.672.71-14.96100
KSMK2 Australian Small Cap FundETF-19.143.91-15.230
APLAntipodes Global Investment Company LtdLIC-21.195.93-15.2550
NSCNAOS Small Cap Opportunities Company LimitedLIC-26.148.5-17.65100
8EC8IP Emerging Companies LimitedLIC-17.740-17.740
OOOBetaShares Crude Oil Index ETF- Currency Hedged (Synthetic)ETF-20.221.29-18.930
PMCPlatinum Capital LimitedLIC-24.885.74-19.14100
AEGAbsolute Equity Performance Fund LtdLIC-24.893.86-21.03100
BBOZBetaShares Australian Equities Strong Bear (Hedge Fund)ETF-23.230-23.230
BBUSBetashares US Eq Strong Bear Hedged FundETF-23.260-23.260
NCCNAOS Emerging Opportunities Company LimitedLIC-29.485.78-23.71100
LSFL1 Long Short Fund LimitedLIC-25.270-25.270
CDMCadence CapitalLIC-405.6-34.4100
FORForager Australian Shares FundLIC-40.361.13-39.230
ABWAurora Absolute Return FundLIC-501.68-48.320
AIBAurora Global Income TrustLIC-69.151.36-67.80

* Income yield has been calculated based on income divided by closing price on 28 June 2019. Total performance has been calculated by simply adding the performance and the yield (ignoring the timing of dividend payments). Whilst the franked component of income payments has been calculated, the income payment has not been grossed up by the franking credits. All performance is based on closing share prices rather than underlying Net Tangible Assets. Only funds with at least 12 months history are included. As usual, past performance should not be used as an indication of possible future returns, and we recommend this data not be used to support investment decisions.

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Charlies Recent comment authors

Hey guys, will you be releasing the 2019 Aussie ETC & LIC report in PDF form? Similar to the one you produced for 2018?

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