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BetaShares Australian Top 20 Equity Yield Maximiser Fund (managed fund)
Opportunity to generate high income from Australia’s top 20 blue-chip companies, in one ASX trade.
OVERVIEW
Fund Objective
YMAX aims to generate attractive quarterly income and reduce the volatility of portfolio returns by implementing an equity income investment strategy over a portfolio of the 20 largest blue-chip shares listed on the ASX. YMAX does not aim to track an index.
Benefits of YMAX
Attractive quarterly income
Earn quarterly income (including franking credits) expected to significantly exceed the dividend yield of the underlying share portfolio over the medium term. YMAX seeks to enhance dividend income through what is known as a ‘covered call’ strategy.
Portfolio diversification
In one ASX trade, gain exposure to a portfolio of the largest 20 Australian companies.
Potential downside risk management
The additional income generated by YMAX’s strategy may partly offset potential losses in falling markets.How to Invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.
KEY FACTS
Pricing Information 29 July 2021
| Current Price | |
|---|---|
| Last Trade* | - |
| % Change (prev day) | - |
| Bid (delayed) | - |
| Offer (delayed) | - |
|
iNAV (live)**
iNAV stands for Indicative Net Asset Value. It provides an estimate of the net asset value of the Fund during the ASX trading day.
|
$8.217 |
* Data is delayed by at least 20 minutes.
** As at 28 July 2021 04:29:59 PM
Download NAV history
| NAV | |
|---|---|
| NAV/Unit* | $8.26 |
* As at 27 July 2021
Profile
| Net Assets* ($A) | $323,380,957 |
| Units Outstanding* (#) | 39,132,542 |
| Mgmt Costs** (% p.a.) | 0.76% |
| Distribution Frequency | Quarterly |
| Distribution Reinvestment Plan (DRP) | Full participation available |
| Issuer | BetaShares Capital Ltd |
| Fund Administrator | FundBPO |
| Custodian | RBC Investor Services |
| Registry | Link Market Services |
| Auditor | KPMG |
* As at 27 July 2021
**Certain additional costs apply. Please refer to PDS.
Trading Information
| ASX Code | YMAX |
| Bloomberg Code | YMAX AU |
| IRESS Code | YMAX.AXW |
| Trading Hours | 10.00-16.00 (AEST) |
| iNAV IRESS Code | YMAXINAV.ETF |
Index Information
| Index | N/A |
| Index Provider | N/A |
| Index Ticker | N/A |
| Bloomberg Index Ticker | N/A |
Sector Allocation
| Financials | 42.1% |
| Materials | 20.5% |
| Healthcare | 10.8% |
| Consumer Discretionary | 7.5% |
| Consumer Staples | 5.8% |
| Industrials | 4.6% |
| Communication Services | 3.7% |
| Real Estate | 3.2% |
| Energy | 1.8% |
* As of 30 June 2021
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Australia 20 Index | |
|---|---|---|
| 1 month | 0.27% | 1.15% |
| 3 months | 7.06% | 9.13% |
| 6 months | 13.99% | 16.67% |
| 1 year | 24.71% | 31.81% |
| 3 year p.a | 6.11% | 10.94% |
| 5 year p.a | 7.44% | 11.34% |
| Since inception (p.a) | 6.27% | 9.74% |
| Inception date | 22-Nov-12 | - |
* As at 30 June 2021
Chart
Chart Type
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.
DISTRIBUTIONS
Yield Information
| Distribution Frequency | Quarterly |
| 12 Mth Distribution Yield* (%) | 7.5% |
| 12 Mth Gross Distribution Yield* (%) | 8.6% |
| Franking Level | 32.8% |
*As at 30 June 2021. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Franking level is total franking level over the last 12 months. Past performance is not an indicator of future performance.
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.12354 | 9.18% |
| 1-Apr-21 | 6-Apr-21 | 20-Apr-21 | $0.17156 | 9.71% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.1456 | 8.34% |
| 1-Oct-20 | 2-Oct-20 | 16-Oct-20 | $0.15004 | 7.28% |
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.1516 | 7.60% |
| 1-Apr-20 | 2-Apr-20 | 20-Apr-20 | $0.15277 | 7.20% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.16312 | 9.61% |
| 1-Oct-19 | 2-Oct-19 | 16-Oct-19 | $0.21922 | 9.36% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.16522 | 10.09% |
| 1-Apr-19 | 2-Apr-19 | 16-Apr-19 | $0.19602 | 9.57% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.18191 | 8.10% |
| 1-Oct-18 | 2-Oct-18 | 16-Oct-18 | $0.28511 | 8.87% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.12865 | 9.01% |
| 3-Apr-18 | 4-Apr-18 | 18-Apr-18 | $0.16341 | 8.39% |
| 2-Jan-18 | 3-Jan-18 | 17-Jan-18 | $0.1838 | 8.67% |
| 2-Oct-17 | 3-Oct-17 | 17-Oct-17 | $0.29184 | 8.92% |
| 3-Jul-17 | 4-Jul-17 | 18-Jul-17 | $0.14867 | 8.99% |
| 3-Apr-17 | 4-Apr-17 | 20-Apr-17 | $0.15014 | 10.18% |
| 3-Jan-17 | 4-Jan-17 | 18-Jan-17 | $0.20107 | 10.01% |
| 4-Oct-16 | 5-Oct-16 | 19-Oct-16 | $0.27857 | 10.31% |
| 1-Jul-16 | 4-Jul-16 | 18-Jul-16 | $0.18409 | 9.23% |
| 1-Apr-16 | 4-Apr-16 | 15-Apr-16 | $0.21109 | 7.98% |
| 4-Jan-16 | 6-Jan-16 | 19-Jan-16 | $0.26391 | 8.40% |
| 1-Oct-15 | 6-Oct-15 | 19-Oct-15 | $0.29401 | 8.38% |
| 1-Jul-15 | 3-Jul-15 | 20-Jul-15 | $0.16081 | 8.35% |
| 1-Apr-15 | 3-Apr-15 | 20-Apr-15 | $0.20042 | 8.69% |
| 2-Jan-15 | 6-Jan-15 | 19-Jan-15 | $0.31069 | 8.41% |
| 1-Oct-14 | 3-Oct-14 | 17-Oct-14 | $0.27045 | 8.78% |
| 1-Jul-14 | 3-Jul-14 | 16-Jul-14 | $0.15978 | 10.51% |
| 1-Apr-14 | 3-Apr-14 | 16-Apr-14 | $0.20187 | 10.07% |
| 2-Jan-14 | 6-Jan-14 | 17-Jan-14 | $0.35889 | 9.37% |
| 1-Oct-13 | 3-Oct-13 | 17-Oct-13 | $0.36908 | - |
| 1-Jul-13 | 3-Jul-13 | 16-Jul-13 | $0.14007 | - |
| 2-Apr-13 | 4-Apr-13 | 17-Apr-13 | $0.08752 | - |
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(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.
RESOURCES
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Factsheet - YMAX |
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Fund Flyer - YMAX |
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Portfolio Holdings |
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Product Disclosure Statement - YMAX |
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Product Disclosure Statement Update - 8 March 2021 |
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Interim Financial Report - December 2020 |
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Annual Report - June 2020 |
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NRWT and Fund Payment Notice information - June 2021 distributions |
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NRWT and Fund Payment Notice information - March 2021 distributions |
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NRWT and Fund Payment Notice information - December 2020 distributions |
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NRWT and Fund Payment Notice information - September 2020 distributions |
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