Is the danger this becomes an expensive dividend so to speak to...

Is the danger this becomes an expensive dividend so to speak to chase i.e the 5% divi in no way makes up for material drop in SP (capital value).

We take into account inflation now and that 5% starts to look a little anemic where there is no sustained capital SP growth.

I do appreciate in the short term the market may be acting as a voting machine.

Having said that the underlying performance of the fund hasn't exactly been shooting the lights out either. Anyone that took up the IPO offering isn't exactly living large i.e has this product lived up to what it was marketed as.