Income ETF Tracker: Yield, Franking & Trend for Retirees

THE SHORT ANSWER

Cash ETFs are paying about 4.3% a year with almost no price risk. Australian share income ETFs pay typical yields of 3.6–7.4%, usually with some franking credits on top, but their prices move with the share market. Of the share, property and infrastructure income ETFs we track, 4 are in an uptrend and 1 in a downtrend: a high yield doesn’t help much if the price keeps falling.

Australian shares income Global shares income Property and infrastructure Hybrids, credit and floating rate Bonds Cash

Australian shares income

Dividend-focused Australian share ETFs. Distributions are usually partly franked, and the level changes each payment. Typical yields: 3.6–7.4%.

ETF	Yield, 12 months	Typical yield	Paid	Franking	Fee	1 year
S&P/ASX 200 Covered Call	7.4%	7.4%	Quarterly	Partly	0.60%	+7.9%
Aus Top 20 Eqy Yield Max	8.0%^*	6.8%	Quarterly	Partly	0.76%	+1.8%
Aus Dividend Harvester	5.6%	5.6%	Monthly	Partly	0.72%	+0.0%
Dividend Income	5.4%	5.4%	Quarterly	Partly	0.85%	+7.0%
S&P Australian Shares High Yield	4.8%	4.8%	Quarterly	Partly	0.25%	+11.2%
S&P/ASX 200 High Dividend	4.6%	4.6%	Quarterly	Partly	0.24%	+10.7%
S&P/ASX Div Opportunities Esg Screened	4.2%	4.2%	Quarterly	Partly	0.23%	+8.8%
State Str SPDR MSCI Aus Select High Div…	7.0%^*	4.1%	Quarterly	Partly	0.20%	+14.8%
High Dividend Aus. Shares	3.9%	3.9%	Quarterly	Partly	0.34%	+1.9%
Australian Shares High Yield	3.6%	3.6%	Quarterly	Partly	0.25%	+12.0%

Global shares income

International dividend and covered-call ETFs. Usually no franking credits. Typical yields: 2.8–10.3%.

ETF	Yield, 12 months	Typical yield	Paid	Franking	Fee	1 year
S&P Global Dividend	10.3%	10.3%	Half-yearly	None	0.35%	+11.5%
Jpmorgan Equity Premium Income	7.4%	7.4%	Monthly	None	0.40%	+0.4%
S&P 500 Yield Maximiser	6.1%^*	5.1%	Quarterly	None	0.79%	+8.9%
S&P 500 High Yield Low Volatility	4.0%	4.0%	Quarterly	None	0.35%	-1.7%
S&P Global High Dividend Aristocrat	4.8%^*	2.8%	Quarterly	None	0.45%	+10.7%

Property and infrastructure

Listed property trusts and infrastructure, often used for steady income. Typical yields: 2.0–12.8%.

ETF	Yield, 12 months	Typical yield	Paid	Franking	Fee	1 year
Infra (Currency Hedged)	12.8%	12.8%	Half-yearly	Low	1.06%	+5.7%
CB Glbl Infrastructure Income (Hedged)	17.4%^*	11.7%	Half-yearly	Low	1.02%	+10.5%
Australian Property	5.7%	5.7%	Half-yearly	Low	0.35%	-11.2%
Ftse International Property (Aud Hgd)	4.7%	4.7%	Quarterly	Low	0.20%	+6.4%
S&P/ASX 200 Listed Property	5.1%^*	3.2%	Quarterly	Low	0.16%	-14.1%
Ftse Global Infrastructure (Aud Hedged)	3.0%	3.0%	Quarterly	Low	0.20%	+5.3%
Dj Gbl Real Estate Esg Tilt	2.8%	2.8%	Half-yearly	Low	0.20%	+1.3%
Ftse Gbl Infrastructure (Aud Hedged)	6.1%^*	2.4%	Quarterly	Low	0.15%	+5.7%
Australian Property Securities Index	3.2%^*	2.0%	Quarterly	Low	0.23%	-14.3%

Hybrids, credit and floating rate

Bank hybrids, subordinated debt, floating-rate notes and credit. Higher income than cash, with more risk. Typical yields: 4.3–7.2%.

ETF	Yield, 12 months	Typical yield	Paid	Franking	Fee	1 year	Trend
Aust Enhanced Credit Income	7.2%	7.2%	Quarterly	None	0.29%	–	Defensive
Subordinated Debt	5.6%	5.6%	Quarterly	None	0.29%	+5.4%	Defensive
Australian Subordinated Debt	5.6%	5.6%	Monthly	None	0.29%	+5.1%	Defensive
Australian Credit Income	5.5%	5.5%	Monthly	Some	0.55%	+4.4%	Defensive
Interest Rate Hedged Aus Corp Bond	5.3%	5.3%	Monthly	None	0.29%	+3.6%	Defensive
Perpetual Diversified Income	5.3%	5.3%	Half-yearly	None	0.59%	+5.2%	Defensive
Aus Major Bank Subordinated Debt	5.0%	5.0%	Monthly	None	0.29%	+4.8%	Defensive
Australian Major Bank Hybrids Index	5.0%	5.0%	Monthly	Some	0.35%	+4.1%	Defensive
Australian Floating Rate	4.7%	4.7%	Monthly	None	0.22%	+4.3%	Defensive
Aus Bank Senior Floating Rate Bond	4.5%	4.5%	Monthly	None	0.22%	+4.6%	Defensive
Aus Select Corporate Bond	4.3%	4.3%	Quarterly	None	0.28%	+1.0%	Defensive

Bonds

Australian and global bond ETFs. Income from interest; prices move with interest rates. Typical yields: 1.5–9.5%.

ETF	Yield, 12 months	Typical yield	Paid	Franking	Fee	1 year	Trend
Global Aggregate Bond Index (Hedged)	9.5%	9.5%	Quarterly	None	0.20%	-1.2%	Defensive
Global High Yield Bond (Aud Hedged)	6.0%	6.0%	Half-yearly	None	0.56%	+1.3%	Defensive
Aus Investment Grade Corporate Bond	5.6%	5.6%	Monthly	None	0.25%	-1.2%	Defensive
Western Asset Aus Bond	4.8%	4.8%	Monthly	None	0.42%	-0.4%	Defensive
Australian Composite Bond	4.7%	4.7%	Monthly	None	0.19%	-0.8%	Defensive
Australian Corporate Bond PLUS	4.6%	4.6%	Monthly	None	0.32%	-0.1%	Defensive
Core Corporate Bond	4.6%	4.6%	Quarterly	None	0.15%	+1.0%	Defensive
Australian Corp Fixed Interest Index	4.0%	4.0%	Quarterly	None	0.20%	+0.9%	Defensive
Australian Fixed Interest Index	3.5%	3.5%	Quarterly	None	0.10%	-0.4%	Defensive
Australian Government Bond Index	3.3%	3.3%	Quarterly	None	0.16%	-0.7%	Defensive
Core Composite Bond	3.2%	3.2%	Quarterly	None	0.10%	-0.4%	Defensive
S&P/ASX Iboxx Aus Gov Bond	3.1%	3.1%	Quarterly	None	0.10%	-0.7%	Defensive
Ardea Real Outcome Bond	1.5%	1.5%	Half-yearly	None	0.50%	+4.2%	Defensive

Cash

Cash and money-market ETFs. Income tracks the cash rate, with very little price movement. Typical yields: 4.2–4.4%.

ETF	Yield, 12 months	Typical yield	Paid	Franking	Fee	1 year	Trend
Australian Cash Plus	4.4%	4.4%	Monthly	None	0.18%	+4.3%	Defensive
Enhanced Cash	4.4%	4.4%	Monthly	None	0.12%	+4.1%	Defensive
Australian High Interest Cash	4.2%	4.2%	Monthly	None	0.18%	+4.1%	Defensive
Core Cash	4.2%	4.2%	Monthly	None	0.07%	+4.0%	Defensive

* Includes a large one-off distribution in the past 12 months; the typical yield excludes it (estimate). Yield = distributions paid over the past 12 months ÷ the latest price, as at 3 November 2026. Franking is a guide by ETF type: “Partly” means distributions usually carry some franking credits, but not 100%. Check the issuer’s distribution history for each fund’s exact franking level. Fees and 1-year total returns from the TMX Australia funds report. Tap any ETF to see its distribution history, or tap a trend to see its chart. How base and trend works.

How to use this tracker

Start with the job the money has to do. Spending money for the next one to two years usually belongs in cash or short-term income ETFs. Money for later can take more risk for more income and growth.
Look at total return, not just yield. A fund paying 6% that loses 10% in price has gone backwards. That’s why we show the 1-year return and the trend next to the yield.
Count the franking. For many retirees, franked Australian dividends are worth more than the headline yield suggests.
Watch for one-offs. A big special distribution can make last year’s yield look better than what you’ll get next year.

More in our Retirement & SMSF hub, including ETFs for retirement, franking credits and ETFs and the retirement red zone.

Is your retirement income set up right?
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Income ETF FAQs

What is a good yield for an income ETF?

It depends on the risk. Cash ETFs currently pay around 4.3% with very little price movement. Bond and hybrid ETFs pay more but their prices can fall. Share income ETFs can pay 4–7% plus franking, but their prices can drop 20% or more in a bad year. Compare yield with the risk you are taking, not on its own.

What does franking mean for retirees?

Franking credits come from tax already paid by Australian companies. In retirement, if your tax rate is below 30%, or you are in pension phase, unused franking credits can be refunded, which effectively increases your income. Australian share income ETFs usually pass on franking credits, but they are rarely fully franked: the level depends on the companies held and changes with each distribution. Global, bond and cash ETFs generally don’t carry franking.

Why are some yields marked with an asterisk?

The 12-month yield adds up every distribution over the past year. Some ETFs paid a large one-off distribution, often from capital gains, which makes the yield look higher than what you’d normally receive. For these we also show a typical yield that excludes the one-off.

Why does the trend matter for income investors?

An ETF in a downtrend can lose more in price than it pays you in income. A 6% yield doesn’t help if the price falls 15%. We show whether each share, property and infrastructure ETF is in an uptrend, base or downtrend. Bond, hybrid and cash ETFs aren’t rated.

How often is this tracker updated?

Distributions and trends are updated regularly. Fees, fund sizes and 1-year returns come from the monthly TMX Australia funds report.

Distribution data from exchange price feeds, as at 3 November 2026. Past distributions and performance are not a reliable indicator of future income or returns. Distributions can change or stop. General information only, not a recommendation to buy or sell any ETF. Consider the PDS and TMD, and your own circumstances, before investing.

Income ETF tracker: yield, franking and trend