S&P/ASX 200 Net Total Return

The S&P/ASX 200 Net Total Return (XNT) includes all cash dividends reinvested on the ex-dividend date after the deduction of a 30% withholding tax (not applied to fully franked dividends).

A more popular accumulation index is the S&P/ASX 200 Gross Total Return Index (XJT) which includes all cash dividends reinvested on the ex-dividend date. Formerly called the "S&P/ASX 200 Accumulation Index" (XJOA), the Gross Total Return Index is widely used as a performance benchmark for managed funds and portfolio returns.