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Yes it does seem strange. I have read that CFS seem to have quite high taxable distributions on their index fund at end of financial year. I also am aware that Vanguard claim they are very tax effective so I suppose even though they are both index funds they are actually managed quite differently. The 0.4% fee on the CFS fund for wholesale trusts is pretty appealing but not so much when you consider you get your capital sent back to you as taxable income. I did a compare of the fund against the ASX 200 chart and it seems to run with it pretty well.
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