EWAS and KROO on the other hand are more concentrated in the Basic Materials and Consumer Discretionary sectors with much lower weightings in Financials than EWA. AUSE (WisdomTree Australia Dividend Fund, Expense Ratio 0.58%) is another entry in the category, having debuted back in 2006 and slowly gathering $75 million in assets under management.
As its name suggests, the fund tracks a proprietary index that screens Australian companies for dividend yield and top holdings are names like Seven West Media Limited (4.76%), Westpac Banking Corp (3.93%), and Tabcorp Holdings Limited (3.64%).
Finally, FAUS (First Trust Australia AlphaDEX, Expense Ratio 0.80%) is an additional alternative in the space, having debuted like EWAS, last year. Using the AlphaDEX proprietary screening strategy, the fund selects equities from a defined Australian universe.
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