After the two recent sell transactions, my portfolio is slightly changed. Therefore, I provide an update below. A lot has happened since the first time that I posted my portfolio. Well, I guess that is a little exaggerated but everything is relative. Since then, I have revisited each of my positions and particularly looked at their total expense ratio (TER) which is the ongoing costs of owning such funds. It is expressed in % and deducted from the the fund itself meaning I will never get a bill for it. It is just that a fund’s portfolio value is reduced by this percentage over the course of a year. You can find all of the TERs of the funds that I invest in, in the table below. A simple average of those TERs is 0.52%. Before, I sold two positions this simple average was almost 0.9%. So, by paying closer attention to which positions I want to own, I was able to almost half my annual fund management expenses. I am quite happy about that.
Also, I still have to decide what I will reinvest the proceeds from those two divestments into. I am thinking about either Vanguard’s FTSE All-World High Dividend Yield UCITS ETF or adding to my existing SPDR S&P Global Dividend Aristocrats ETF. The former has a TER of 0.29% and the latter of 0.45%. Both pay dividend quarterly. Vanguard offers a dividend yield of 3.9% (as per most recent factsheet per end of Oxtober) and the SPDR ETF has a dividend yield of 3.9% (as per 08-12-2016). Either way, I am not in a rush to be any of those two, but most likely it will be one of those two funds.
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