S&P 500 Yield Maximiser Fund | BetaShares
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OVERVIEW

About

  • A simple to use, cost – effective tool that allows investors to implement an equity income investment strategy over a portfolio providing exposure to the stocks comprising the S&P 500 Index
  • Allows investors potential to earn higher income from shares
  • Core exposure to a diversified portfolio of the largest US companies
  • Potential for reduced volatility and smoother equity returns

Advantages

  • Attractive income – earn quarterly income, expected to exceed the yield performance of the underlying share portfolio over the medium-term
  • US exposure – obtain US equities & US currency exposure
  • Downside protection – potential downside risk management against a falling market
  • Reduced volatility – potential to reduce volatility of equity returns
  • Diversification – exposure to a diversified, income-generating US equities portfolio in a single share
  • No W-8 BEN forms and no US estate tax implications for investors – simplified tax administration, unlike cross-listed alternatives

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
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KEY FACTS

Pricing Information 19 January 2019

Current Price
Last Trade* $18.00
% Change (prev day) -0.39%
Bid (delayed) $17.98
Offer (delayed) $18.50
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $18.05
* As at 18 January 2019

Profile

Net Assets* ($A) $85,098,942
Units Outstanding* (#) 4,713,565
Mgmt Costs** (% p.a.) 0.79%
Distribution Frequency Quarterly
Distribution Reinvestment Plan (DRP) Full participation available
Issuer BetaShares Capital Ltd
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 18 January 2019
**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
SMSF Eligible Yes

Index Information

Index N/A
Index Provider N/A
Index Ticker N/A
Bloomberg Index Ticker N/A

Portfolio Holdings

Name Weight (%)
ISHARES CORE S&P 500 ETF 101.4
USD - United States Dollar 1.1
AUD - Australia Dollar 0.2
January 19 Calls on SPX INDEX CALL 2535.00 0.0 18 Jan 19 -2.7
* As at 17 January 2019

Sector Allocation

Information Technology 		20.1%
Healthcare 		15.5%
Financials 		13.4%
Communication Services 		10.1%
Consumer Discretionary 		9.9%
Industrials 		9.2%
Consumer Staples 		7.4%
Energy 		5.3%
Utilities 		3.3%
Real Estate 		3.0%
Other 		2.8%
* As of 31 December 2018
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PERFORMANCE

Fund Returns After Fees (%)

  Fund S&P 500 Index (TR, A$)
1 month -5.53% -5.68%
3 months -10.68% -11.26%
6 months -2.61% -2.53%
1 year 4.05% 5.61%
3 year p.a 6.38% 9.79%
5 year p.a - -
Since inception (p.a) 10.05% 13.35%
Inception date 17-Sep-14 -
* As at 31 December 2018

Chart

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.
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DISTRIBUTIONS

Yield Information

Distribution Frequency Quarterly
12 Mth Distribution Yield* (%) 5.0%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
* As of 31 December 2018. 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)
2-Jan-19 3-Jan-19 17-Jan-19 $0.28965 3.90%
1-Oct-18 2-Oct-18 16-Oct-18 $0.22905 5.67%
2-Jul-18 3-Jul-18 17-Jul-18 $0.27062 5.13%
3-Apr-18 4-Apr-18 18-Apr-18 $0.23856 4.54%
2-Jan-18 3-Jan-18 17-Jan-18 $0.16883 4.40%
2-Oct-17 3-Oct-17 17-Oct-17 $0.17106 5.11%
3-Jul-17 4-Jul-17 18-Jul-17 $0.20731 5.42%
3-Apr-17 4-Apr-17 20-Apr-17 $0.20475 5.74%
3-Jan-17 4-Jan-17 18-Jan-17 $0.24205 6.16%
4-Oct-16 5-Oct-16 19-Oct-16 $0.22496 5.97%
1-Jul-16 4-Jul-16 18-Jul-16 $0.22696 6.48%
1-Apr-16 4-Apr-16 15-Apr-16 $0.29125 6.30%
4-Jan-16 6-Jan-16 19-Jan-16 $0.2762 6.96%
1-Oct-15 6-Oct-15 19-Oct-15 $0.28905 7.37%
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.
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ANNOUNCEMENTS

ASX Announcements: UMAX

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RESOURCES

Factsheet - UMAX
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Brochure - BetaShares Yield Maximiser Funds
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Portfolio Holdings
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Product Disclosure Statement - UMAX
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Annual Report - June 2018
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NRWT and Fund Payment Notice information – December 2018 distributions
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NRWT and Fund Payment Notice information – September 2018 distributions
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Notice of Modifications to Fund Constitution – AMIT Tax Regime
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Non-Resident Withholding tax information - September 2016 Distribution
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2018 Distribution Calendar
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Interim Financial Report
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