Hi All, After the VAS dividend for this quarter being fairly low because of an institutional investor withdrawing from a fund that the ETF shares with a Mutual Fund I have started to question the wisdom of this ETF. ARGO's site list their returns on a 'dividend reinvested" basis as compared to the Indexhttp://www.argoinvestments.com.au/portfolio-performance/portfolio-performance. VAS I assume does not include it's performance on a "dividend reinvested" basis. Is anyone else having this ETF v LIC thought. After having evolved from investing in individual shares to an ETF Index way of investing I am now considering LIC's. Any thoughts out there on the various pros and cons of each.