Nasdaq 100 Yield Maximiser Fund (managed fund)
Overview
Fund objective
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
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.
Portfolio diversification
In one ASX trade, gain exposure to a portfolio of the largest 100 companies listed on the Nasdaq stock exchange.
Cost-effective exposure
QMAX provides a cost-effective way to gain exposure to a covered call income strategy.
Invest in QMAX with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 705,293 |
|---|---|
| Management fee and cost** (p.a.) | 0.68% |
| Distribution frequency | Quarterly |
| Distribution reinvestment plan (DRP) | Full or Partial participation available |
| Registry | Link Market Services |
* As at 2 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 2 December 2024 |
| NAV/Unit* | $29.56 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| Bloomberg code | QMAX AU |
|---|---|
| IRESS code | QMAX.AXW |
| iNAV IRESS code | QMAXINAV.ETF |
| Market makers | BNP Paribas Financial Markets SNC |
Index information
| Index | N/A |
|---|---|
| Index provider | N/A |
| Index ticker | N/A |
| Bloomberg index ticker | N/A |
Performance
Fund returns after fees (%)
| Fund | ||
|---|---|---|
| 1 month | 6.08% | - |
| 3 months | 4.51% | - |
| 6 months | 9.91% | - |
| 1 year | 28.47% | - |
| 3 year p.a. | - | - |
| 5 year p.a. | - | - |
| 10 year p.a. | - | - |
| Since inception (p.a.) | 25.95% | - |
| Inception date | 4-Oct-22 | - |
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.
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| INVESCO NASDAQ 100 ETF | 58.7 |
| BETASHARES NASDAQ 100 ETF | 39.3 |
| USD - UNITED STATES DOLLAR | 1.8 |
| AUD - AUSTRALIA DOLLAR | 0.2 |
| NDX UL 12/20/24 C21200 | 0.0 |
Sector allocation
| Information Technology | 49.7% |
|---|---|
| Communication Services | 16.4% |
| Consumer Discretionary | 13.4% |
| Consumer Staples | 5.9% |
| Health Care | 5.9% |
| Industrials | 4.7% |
| Materials | 1.4% |
| Utilities | 1.4% |
| Energy | 0.6% |
| Financials | 0.5% |
* As of 31 October 2024
Distributions
Frequency and yield
| Distribution frequency | Quarterly |
|---|---|
| 12 mth distribution yield* | 5.8% |
*As at 2 December 2024. 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.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Oct-24 | 2-Oct-24 | 16-Oct-24 | $0.453047 | - |
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.425713 | - |
| 2-Apr-24 | 3-Apr-24 | 17-Apr-24 | $0.367319 | - |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.351227 | - |
| 2-Oct-23 | 3-Oct-23 | 17-Oct-23 | $0.378089 | - |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | $0.343284 | - |
| 3-Apr-23 | 4-Apr-23 | 20-Apr-23 | $0.373908 | - |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | $0.429256 | - |
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.