Australian Foundation Investment Company


		About the Company Board Role and Membership Senior Executive Profiles Corporate Governance Other Committees Other Corp. Governance Shareholder Communications Investment Committee


		Shareholder Information ASX Announcements Key Dates Annual Report Dividend History Security History


		Benefits AFIC Structure List of Investments Investment Performance How to Invest Share Price History Recent News about AFIC


		Frequently Asked Questions

Features of Investing in AFIC


	A diversified portfolio numbering around 100 of Australia’s major companies.
	A Board and Investment Committee with extensive investment skills and practical business experience.
	A fund with no upfront fees or commissions to third parties – transaction costs will be borne when buying and selling AFIC shares through a stockbroker.
	Managements fees - 0.14% for the financial year to 30 June 2008.
	On-going capital management:
		a dividend reinvestment plan which allows investors to cost effectively put their dividends back into the Company
		from time to time, a share acquisition plan which allows shareholders to top up their holdings with no brokerage and sometimes at a small discount to the market price.
		activation of the share buy back program which gives the Company the flexibility to buy back shares at appropriate times, particularly if the shares start trading at a discount to their net asset backing
	AFIC as a separate legal entity pays tax just like any other company. However the tax is small because companies receiving fully franked dividends do not need to pay any additional tax on the franked dividend. These fully franked dividends are passed straight through to shareholders in March and August of each year. Certain Australian shareholders may also claim a tax benefit where the dividend is sourced from a LIC capital gain.
	Yearly and half yearly profit announcements, regular shareholder briefings and access to all company announcements, including net asset backing announcements that are intended to keep shareholders informed about the Company’s activities and performance.