Equity Yield Maximiser Fund (managed fund)
- Australian shares
Generate enhanced income from Australian blue chip companies
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
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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.
There are risks associated with an investment in YMAX, including market risk and use of options risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
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
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| iNAV (live)** | |
* Data is delayed by at least 20 minutes.
** As at 20 April 2022 04:29:59 PM
| NAV | |
|---|---|
| NAV/Unit* | $7.41 |
* As at 30 November 2023
Profile
| Net assets* ($A) | $437,446,477 |
|---|---|
| Units outstanding* (#) | 59,002,762 |
| Management fee and cost** (p.a.) | 0.76% |
| Distribution frequency | Quarterly |
| Distribution reinvestment plan (DRP) | Full participation available |
| Issuer | Betashares Capital Ltd |
| Registry | Link Market Services |
* As at 30 November 2023
**Certain additional costs apply. Please refer to PDS.Trading information
| ASX code | YMAX |
|---|---|
| Bloomberg code | YMAX AU |
| IRESS code | YMAX.AXW |
| iNAV IRESS code | YMAXINAV.ETF |
| Market makers | Susquehanna Pacific |
Index information
| Index | N/A |
|---|---|
| Index provider | N/A |
| Index ticker | N/A |
| Bloomberg index ticker | N/A |
Holdings & allocation
Sector allocation
| Financials | 38.6% |
|---|---|
| Materials | 24.5% |
| Health Care | 9.0% |
| Energy | 7.0% |
| Consumer Discretionary | 6.4% |
| Consumer Staples | 5.0% |
| Communication Services | 3.5% |
| Real Estate | 3.1% |
| Industrials | 2.9% |
* As of 31 October 2023
Performance
Fund returns after fees (%)
| Fund | ||
|---|---|---|
| 1 month | -2.04% | - |
| 3 months | -3.15% | - |
| 6 months | -1.47% | - |
| 1 year | 6.98% | - |
| 3 year p.a. | 10.00% | - |
| 5 year p.a. | 6.10% | - |
| 10 year p.a. | 3.98% | - |
| Since inception (p.a.) | 5.61% | - |
| Inception date | 22-Nov-12 | - |
* As at 31 October 2023.
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.
Chart
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Distributions
Yield information
| Distribution frequency | Quarterly |
|---|---|
| 12 mth distribution yield* | 8.8% |
| 12 mth gross distribution yield* | 10.9% |
| Franking level | 56.5% |
*As at 31 October 2023. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.