HACK is one of my core holdings in super (~5%).
Most of you probably know it already, but it is an ASX listed ETF that invests in cybersecurity companies, predominantly listed in the USA (~85%)
Here is the link to the fact sheet
![036f4fc1507849e232cb7b150e8bcd651fa2c3.png](//strawman.com/member/uploads/objects/58/036f4fc1507849e232cb7b150e8bcd651fa2c3.png)
Like most "tech companies", things got a bit excited during last year and most of the multiples that these companies were trading on got quite stretched. As a result, the NAV is currently down about 16.5% this year. Over the longer term, it has been a consistent performer and there is little reason think things will change in the future - the problem these companies address only seems to be getting worse.
![15986599b87166a98c44c303e89fb4784afa15.png](//strawman.com/member/uploads/objects/35/15986599b87166a98c44c303e89fb4784afa15.png)
I seem to remember when I first looked into it that one of the interesting features is that it has a mandate not to hold > x% in any one holding, so re-balances a couple of times a year. For the life of me I cant find that information anywhere. The point here is that the dividend yield is actually quite high, as excess holdings are returned to the holder in cash rather than re-invested.
These yields can be quite lumpy as per below
![e6000b613ee47a96206c5b43cee5ba8a609b7b.png](//strawman.com/member/uploads/objects/ba/e6000b613ee47a96206c5b43cee5ba8a609b7b.png)
At the current price, that is a yield of ~8.3%.
I subscribe to the DRP and view this as a long term holding that will hopefully continue the magic of compounding at >15%p.a. after management and administrative fees of 0.67%