NASDAQ 100 Yield Maximiser Fund (managed fund)
- International shares
Earn enhanced income from the Nasdaq-100
QMAX aims to provide regular income along with exposure to a portfolio of the top 100 companies listed on the Nasdaq stock market. In addition, the Fund aims to provide lower overall volatility than the underlying Nasdaq-100 Index. QMAX does not aim to track an index.
Benefits of QMAX
Attractive quarterly income
Income is expected to exceed the yield of the underlying share portfolio over the medium term. QMAX seeks to enhance dividend income through an active ‘covered call’ strategy.
In one ASX trade, gain exposure to a portfolio of the largest 100 companies listed on the Nasdaq stock exchange.
QMAX provides a cost-effective way to gain exposure to a covered call income strategy.
There are risks associated with an investment in QMAX, including market risk, use of options risk, sector concentration risk, and currency 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.
|% Change (prev day)|
* Data is delayed by at least 20 minutes.
* As at 29 November 2023
|Net assets* ($A)||$7,722,563|
|Units outstanding* (#)||328,200|
|Management fee and cost** (p.a.)||0.68%|
|Distribution reinvestment plan (DRP)||Full or Partial participation available|
|Registry||Link Market Services|
* As at 29 November 2023* As of close of previous day
**Certain additional costs apply. Please refer to PDS.
|Bloomberg code||QMAX AU|
|iNAV IRESS code||QMAXINAV.ETF|
|Market makers||Susquehanna Pacific|
|Bloomberg index ticker||N/A|
Holdings & allocation
|INVESCO NASDAQ 100 ETF||55.3%|
|BETASHARES NASDAQ 100 ETF||43.9%|
|NDX UL 12/15/23 C16350||0.0%|
* As at 1 December 2023. Excludes cash
* As of 31 October 2023
Fund returns after fees (%)
|3 year p.a.||-||-|
|5 year p.a.||-||-|
|10 year p.a.||-||-|
|Since inception (p.a.)||23.73%||-|
* As at 31 October 2023.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
|12 mth distribution yield*||6.7%|
*As at 31 October 2023. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
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. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.