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BetaShares S&P 500 Yield Maximiser Fund (managed fund) (UMAX)

Objective

Aims to provide investors with exposure to the stocks comprising the S&P 500 Index (which tracks 500 large capitalisation U.S. equities) while providing regular income that exceeds the dividend yield of the stocks alone. In addition, the Fund aims to provide the potential for some capital growth and lower overall volatility than the Index.

S&P 500 Yield Maximiser - Overview

About

A simple to use, low-cost tool that allows investors to implement an equity income investment strategy over a portfolio providing exposure to the stocks comprising the S&P 500 Index

• Allows investors potential to earn higher income from shares

• Core exposure to a diversified portfolio of the largest US companies

• Smooth equity returns through potential for reduced volatility

• Suitable for a wide range of investor types

Advantages

  • Income - earn quarterly income, expected to exceed the yield performance of the underlying share portfolio over the medium term
  • US equities & currency exposure - obtain exposure to a diversified portfolio of large-capitalisation US equities and the US dollar
  • Downside protection - potential downside risk management against a falling market
  • Reduced volatility - expected to reduce volatility of equity returns
  • No W-8 BEN forms and no US estate tax implications for investors - simplified tax administration, unlike cross-listed alternatives
  • How to Invest

    BetaShares S&P 500 Yield Maximiser Fund is a managed fund whose units can be bought and sold on the ASX

  • You can buy or sell units just like you'd buy or sell any share on the ASX
  • No minimum investment
  • Trade throughout the ASX trading day
  • Distribution Reinvestment Plan (DRP) available
  • Pricing Information - 28-Jul-2016

    Current Price NAV
    Last Trade* $16.96 NAV/Unit* $16.97
    % Change (prev day)   *As of 27 July 2016
    Bid* (delayed) $16.96
    Offer* (delayed) $17.25
     
    *As of previous trading day. Data is delayed by at least 20 minutes.

    Profile - 28-Jul-2016

    Net Assets* ($A) $74,990,554
    Units Outstanding* (#) 4,420,315
    Mgmt Fees** (% p.a.) 0.59%
    Distribution Frequency Quarterly
    Issuer BetaShares Capital Ltd
    Fund Administrator RBC Investor Services
    Custodian RBC Investor Services
    Registry Link Market Services
    Auditor KPMG
    *As of 27 July 2016
    **Certain additional costs apply. Please refer to PDS.

    Trading Information

    Exchange ASX
    ASX Code UMAX
    Bloomberg Code UMAX AU
    IRESS Code UMAX.AXW
    Currency AUD
    Trading Hours 10.00-16.00 (AEST)
    iNAV IRESS Code N/A
    Authorised Participants 2
    Market Makers Susquehanna Pacific
    Marginable Check with your broker
    Short Selling Check with your broker
    SMSF Eligible Yes

    Index Information

    Index N/A
    Index Provider N/A
    Index Ticker N/A
    Bloomberg Index Ticker N/A

    Top Exposures - 28-Jul-2016

    Name %
    1 Apple Inc. 2.9 %
    2 Microsoft Corp 2.2 %
    3 Exxon Mobil Corp 1.9 %
    4 Berkshire Hathaway Inc 1.8 %
    5 Amazon Com Inc 1.8 %
    6 Johnson & Johnson 1.7 %
    7 General Electric Co 1.5 %
    8 Facebook Inc 1.4 %
    9 AT&T Inc 1.3 %
    10 Alphabet Inc 1.3 %

    Sector Allocation

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    Information Technology
    20.8%
    Financials
    15.7%
    Health Care
    14.3%
    Consumer Discretionary
    12.9%
    Industrials
    10.1%
    Consumer Staples
    10.4%
    Energy
    6.6%
    Utilities
    3.4%
    Materials
    2.8%
    Telecommunication Services
    2.8%
    * As of 31 March 2016

    Fund Returns After Fees (%)

    1 month 3 month 6 month 1 year 3 year p.a 5 year p.a Since Inception (p.a.) Inception Date
    Fund -1.51 % 6.69 % 0.35 % 6.58 % - - 13.67 % 17-Sep-14
    S&P 500 Index (TR, A$) -2.50 % 5.67 % 1.12 % 6.64 % - - 16.24 % -
    * As at 30 June 2016
    Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

    Yield Information

    Distribution Frequency Quarterly
    Yield
    12 Mth Distribution Yield* (%) 6.4%
    *As at 30 June 2016. Yield figures calculated by summing the prior
    12 month net and gross fund per unit distributions divided by the
    fund closing NAV per unit

    Recent Distributions

    Ex Date Record Date Payment Date Distribution
    Unit ($)
    Annual Distribution Return (%) (1)
    01-Jul-2016 04-Jul-2016 18-Jul-2016 $0.22696 6.62%
    01-Apr-2016 04-Apr-2016 15-Apr-2016 $0.29125 6.3%
    04-Jan-2016 06-Jan-2016 19-Jan-2016 $0.2762 7.05%
    01-Oct-2015 06-Oct-2015 19-Oct-2015 $0.28905 7.4%
    01-Jul-2015 03-Jul-2015 20-Jul-2015 $0.2383 -
    01-Apr-2015 07-Apr-2015 20-Apr-2015 $0.2791 -
    02-Jan-2015 06-Jan-2015 19-Jan-2015 $0.2651 -
    1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. It is calculated as the difference between total Fund return and NAV return. NAV return is the change in the Fund's NAV price. Total return is the NAV return plus reinvestment of all distributions back to the Fund. Past performance not indicative of future performance.
    Factsheet
    Introduction to BetaShares Yield Maximiser Funds
    Product Disclosure Statement
    PDS Upate - March 2016
    Annual Report - June 2015
    Half Year Accounts - December 2014
    Non-Resident Withholding tax information - March 2015 Distribution
    Interim Financial Report - December 2015
    Final Distribution Announcement – March 2016
    Number of Outstanding Units – March 2016
    DRP Issue Price – March 2016
    Non-Resident Withholding tax information - June 2016 Distribution
    link icon Portfolio Holdings

    iNAV is an indicative estimate only, may not reflect the true value of a unit and may be materially out of date at the time viewed. It should not be relied on in making any investment decision. See Terms and Conditions for more information.

    An investment in units of any BetaShares Fund is subject to risk, which may include possible delays in repayment and loss of income and capital invested. The value of units may go down as well as up. Past performance is not an indication of future performance. Before making an investment decision you should consider the relevant PDS (available on this website) with a financial advisor to determine if it is appropriate for your circumstances. Commodity ETFs: The index which each BetaShares commodity ETF aims to track is based on the price of futures contracts.  Investing in commodity futures is not the same as investing in the “spot price” of a given commodity. The ETFs do not aim to, and should not be expected to, provide the same return as the performance of the spot price of the relevant commodities. The performance of ETFs that are linked to commodity futures may be materially different to the spot price for the commodity itself. Also, differences in trading hours of the underlying futures markets and their corresponding BetaShares ETFs may at certain times cause the difference between bid prices and offer prices on the ASX to widen significantly. Investors should carefully consider this potential impact before trading. Please refer to the "Risks" section of the PDS for more information about these and other risk factors. AMP Capital exchange traded managed funds: BetaShares Capital Ltd (ACN 139 566 868, AFSL 341181 ("BetaShares") is the responsible entity and the issuer of units in the AMP CAPITAL GLOBAL PROPERTY SECURITIES FUND (UNHEDGED) (MANAGED FUND) and AMP CAPITAL GLOBAL INFRASTRUCTURE SECURITIES FUND (UNHEDGED) (MANAGED FUND). AMP Capital Investors Ltd (ABN 59 001 777 591, AFSL 232497) (“AMP Capital”) is the investment manager of the Funds and has been appointed by the responsible entity to provide investment management and associated services in respect of the Funds. Neither BetaShares, AMP Capital, nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information.

    “WisdomTree” is a registered trademark of WisdomTree Investments, Inc. WisdomTree Investments, Inc. makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or BetaShares WisdomTree Europe ETF – Currency Hedged or BetaShares WisdomTree Japan ETF – Currency Hedged in particular. Neither WisdomTree Investments nor any of its affiliates are involved in the operation or distribution of these Funds and neither WisdomTree Investments nor its affiliates shall have any liability for operation or distribution of these Funds or the failure of these Funds to achieve their investment objectives.