A dividend based portfolio should get you a safe 5% p.a without taking into account capital gains/losses or franking credits. Assuming you taking advantage of franking you are looking at roughly 6% pa including the 0.65% management fee.
But if you were to look at their 10 holdings you will see that they are really only holding 10 asx 50 stocks. Current valuations are stretched as the herd blindly chases yield and there is a real chance for capital loss in the short-medium term.
