The words on your statements, in plain English

Two Australian ETFs can look different on the label and hold much of the same thing underneath. Overlap is the plain measure of how much.

A fund's name tells you its strategy. Look-through tells you which companies your money is actually in, and how much of it is in each.

An AMMA statement is the annual tax statement most Australian ETFs send their investors. It is written for a tax return rather than for a reader.

A franking credit is the record of Australian company tax already paid on the profit behind a dividend. It follows the dividend to whoever receives it.

An SMSF trustee holding ETFs takes on a documentation job as well as an investment one. This is what the rules require and what each fund produces every year.