Nasdaq 100 Yield Maximiser Fund (managed fund)
- International shares
Earn enhanced income from the Nasdaq 100
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 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.
-
Portfolio diversification
In one ASX trade, gain exposure to a portfolio of the largest 100 companies listed on the Nasdaq stock exchange.
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Cost-effective exposure
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.
Key facts
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
* Data is delayed by at least 20 minutes.
| NAV | |
|---|---|
| NAV/Unit* | $26.32 |
* As at 16 September 2024
Profile
| Net assets* ($A) | $18,552,776 |
|---|---|
| Units outstanding* (#) | 704,892 |
| 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 16 September 2024
* As of close of previous day**Certain additional costs apply. Please refer to PDS.
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 |
Holdings & allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| INVESCO NASDAQ 100 ETF | 58.7% |
| BETASHARES NASDAQ 100 ETF | 39.3% |
| USD - UNITED STATES DOLLAR | 1.6% |
| AUD - AUSTRALIA DOLLAR | 0.3% |
| NDX UL 09/20/24 C20300 | 0.0% |
* As at 17 September 2024. Excludes cash
Sector allocation
| Information Technology | 50.8% |
|---|---|
| Communication Services | 15.7% |
| Consumer Discretionary | 12.3% |
| Health Care | 6.4% |
| Consumer Staples | 6.3% |
| Industrials | 4.7% |
| Materials | 1.6% |
| Utilities | 1.3% |
| Financials | 0.5% |
| Energy | 0.5% |
* As of 30 August 2024
Performance
Fund returns after fees (%)
| Fund | ||
|---|---|---|
| 1 month | -1.98% | - |
| 3 months | 2.44% | - |
| 6 months | 1.14% | - |
| 1 year | 17.38% | - |
| 3 year p.a. | - | - |
| 5 year p.a. | - | - |
| 10 year p.a. | - | - |
| Since inception | 24.32% | - |
| Inception date | 4-Oct-22 | - |
* As at 30 August 2024.
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* | 5.8% |
*As at 30 August 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) |
|---|---|---|---|---|
| 01-Jul-24 | 02-Jul-24 | 16-Jul-24 | $0.425713 | 7.40% |
| 02-Apr-24 | 03-Apr-24 | 17-Apr-24 | $0.367319 | 7.92% |
| 02-Jan-24 | 03-Jan-24 | 17-Jan-24 | $0.351227 | 8.66% |
| 02-Oct-23 | 03-Oct-23 | 17-Oct-23 | $0.378089 | - |
| 03-Jul-23 | 04-Jul-23 | 18-Jul-23 | $0.343284 | - |
| 03-Apr-23 | 04-Apr-23 | 20-Apr-23 | $0.373908 | - |
| 03-Jan-23 | 04-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.