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BetaShares S&P 500 Yield Maximiser Fund (managed fund)
Opportunity to generate high income from a diversified portfolio of U.S. shares, in one ASX trade.
OVERVIEW
Fund Objective
UMAX aims to generate attractive quarterly income and reduce the volatility of portfolio returns by implementing an equity income investment strategy over a portfolio of stocks comprising the S&P 500 Index. UMAX does not aim to track an index.
Benefits of UMAX
Attractive quarterly income
Earn quarterly income expected to significantly exceed the dividend yield of the underlying share portfolio over the medium term. UMAX 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 500 U.S. companies.
Potential downside risk management
The additional income generated by UMAX’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 22 October 2021
| Current Price | |
|---|---|
| Last Trade* | - |
| % Change (prev day) | - |
| Bid (delayed) | - |
| Offer (delayed) | - |
* Data is delayed by at least 20 minutes.
Download NAV history
| NAV | |
|---|---|
| NAV/Unit* | $21.03 |
* As at 20 October 2021
Profile
| Net Assets* ($A) | $123,886,597 |
| Units Outstanding* (#) | 5,891,117 |
| Mgmt Costs** (% p.a.) | 0.79% |
| Distribution Frequency | Quarterly |
| Distribution Reinvestment Plan (DRP) | Full participation available |
| Issuer | BetaShares Capital Ltd |
| Fund Administrator | Citigroup Pty Limited |
| Custodian | Citigroup Pty Limited |
| Registry | Link Market Services |
| Auditor | KPMG |
* As at 20 October 2021
**Certain additional costs apply. Please refer to PDS.
Trading Information
| ASX Code | UMAX |
| Bloomberg Code | UMAX AU |
| IRESS Code | UMAX.AXW |
| Trading Hours | 10.00-16.00 (AEST) |
| iNAV IRESS Code | N/A |
| Market Makers | Susquehanna Pacific |
Index Information
| Index | N/A |
| Index Provider | N/A |
| Index Ticker | N/A |
| Bloomberg Index Ticker | N/A |
Sector Allocation
| Information Technology | 27.6% |
| Healthcare | 13.2% |
| Consumer Discretionary | 12.3% |
| Financials | 11.4% |
| Communication Services | 11.3% |
| Industrials | 8.0% |
| Consumer Staples | 5.8% |
| Energy | 2.7% |
| Real Estate | 2.6% |
| Other | 5.1% |
* As of 30 September 2021
PERFORMANCE
Fund Returns After Fees (%)
| Fund | S&P 500 Index (TR, A$) | |
|---|---|---|
| 1 month | -2.54% | -3.56% |
| 3 months | 4.35% | 4.43% |
| 6 months | 10.75% | 14.88% |
| 1 year | 23.77% | 28.42% |
| 3 year p.a | 7.25% | 15.43% |
| 5 year p.a | 10.77% | 17.59% |
| Since inception (p.a) | 11.00% | 16.70% |
| Inception date | 17-Sep-14 | - |
* As at 30 September 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* (%) | 5.6% |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
* As of 30 September 2021. Yield figures are calculated by summing the prior 12 month fund per unit distributions divided by the fund closing NAV per unit. Past performance is not an indicator of future performance.
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Oct-21 | 4-Oct-21 | 18-Oct-21 | $0.25891 | 6.67% |
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.2573 | 7.30% |
| 1-Apr-21 | 6-Apr-21 | 20-Apr-21 | $0.28629 | 8.10% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.33225 | 6.49% |
| 1-Oct-20 | 2-Oct-20 | 16-Oct-20 | $0.30802 | 6.29% |
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.38675 | 5.83% |
| 1-Apr-20 | 2-Apr-20 | 20-Apr-20 | $0.30449 | 5.45% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.28886 | 6.77% |
| 1-Oct-19 | 2-Oct-19 | 16-Oct-19 | $0.26154 | 6.10% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.28267 | 6.24% |
| 1-Apr-19 | 2-Apr-19 | 16-Apr-19 | $0.31173 | 6.48% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.28965 | 5.57% |
| 1-Oct-18 | 2-Oct-18 | 16-Oct-18 | $0.22905 | 5.68% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.27062 | 5.14% |
| 3-Apr-18 | 4-Apr-18 | 18-Apr-18 | $0.23856 | 4.54% |
| 2-Jan-18 | 3-Jan-18 | 17-Jan-18 | $0.16883 | 4.42% |
| 2-Oct-17 | 3-Oct-17 | 17-Oct-17 | $0.17106 | 5.14% |
| 3-Jul-17 | 4-Jul-17 | 18-Jul-17 | $0.20731 | 5.44% |
| 3-Apr-17 | 4-Apr-17 | 20-Apr-17 | $0.20475 | 5.75% |
| 3-Jan-17 | 4-Jan-17 | 18-Jan-17 | $0.24205 | 6.19% |
| 4-Oct-16 | 5-Oct-16 | 19-Oct-16 | $0.22496 | 5.99% |
| 1-Jul-16 | 4-Jul-16 | 18-Jul-16 | $0.22696 | 6.50% |
| 1-Apr-16 | 4-Apr-16 | 15-Apr-16 | $0.29125 | 6.34% |
| 4-Jan-16 | 6-Jan-16 | 19-Jan-16 | $0.2762 | 6.98% |
| 1-Oct-15 | 6-Oct-15 | 19-Oct-15 | $0.28905 | 7.40% |
| 1-Jul-15 | 3-Jul-15 | 20-Jul-15 | $0.2383 | - |
| 1-Apr-15 | 3-Apr-15 | 20-Apr-15 | $0.2791 | - |
| 2-Jan-15 | 6-Jan-15 | 19-Jan-15 | $0.2651 | - |
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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 - UMAX |
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Fund Flyer - UMAX |
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Portfolio Holdings |
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Product Disclosure Statement - UMAX |
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Product Disclosure Statement Update – 4 October 2021 |
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Product Disclosure Statement Update - 8 March 2021 |
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Annual Report - June 2021 |
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Interim Financial Report - December 2020 |
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NRWT and Fund Payment Notice information - September 2021 distributions |
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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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