In terms of dividend, the div yield for the market is around 5%,...

In terms of dividend, the div yield for the market is around 5%, closer to 7% of a franked basis. This is only partially franked as some index constituents pay franked dividends and some don't. I would assume the div yield for this fund would be quite similar.

Although I think the Argo/Milton type of old-fashioned low cost LICs are great, a lot seem to be trading at a premium to NTA these days... I'm not convinced paying $110 for $100 worth of shares is worthwhile