InvestSMART is required to pay out any income plus franking in the financial year it is earned. The Fund is expected to pay two distributions each year – in February for the December half year and in July for June half year. We will advise franking details with each distribution and provide a tax statement at the conclusion of the Financial Year. InvestSMART expects that distributions of income will be 80-100% franked.
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InvestSMART Ethical Share Fund (ASX: INES)
How does the Intelligent Investor Ethical Share Fund (Managed Fund) (ASX: INES) handle franking credits? Will it retain them or pay them through, and what sort of percentage franking can investors expect?