Question: We hold the Vanguard Australian Shares Index ETF (VAS) in our SMSF. Distributions don't show franking credits, so can you please explain the advantage of this investment versus investing directly in the shares they hold.
Answer (By Paul Rickard): The VAS distribution statement dated 2 October (which you can access here) shows the expected level of franking for this distribution.
This will be confirmed when they send you their annual tax statement (sometime after 30 June 2019).
As a broad based index based fund, you should expect a dividend yield of around 4.5%, franked to about 75%