S&P 500 Yield Maximiser Fund

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 30 January 2020

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 *	$21.40

* As at 24 January 2020

Profile

Net Assets* ($A)	$105,694,057
Units Outstanding* (#)	4,937,849
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 24 January 2020

**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

Sector Allocation

Information Technology	23.2%
Healthcare	14.2%
Financials	12.9%
Communication Services	10.4%
Consumer Discretionary	9.7%
Industrials	9.0%
Consumer Staples	7.2%
Energy	4.3%
Utilities	3.3%
Other	5.7%

* As of 31 December 2019

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PERFORMANCE

Fund Returns After Fees (%)

	Fund	S&P 500 Index (TR, A$)
1 month	-2.46%	-0.92%
3 months	1.32%	4.49%
6 months	6.99%	10.40%
1 year	21.67%	30.89%
3 year p.a	10.62%	15.72%
5 year p.a	11.06%	14.44%
Since inception (p.a)	12.16%	16.48%
Inception date	17-Sep-14	-

* As at 31 December 2019

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Chart Type

Draw trend line

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* (%)	5.5%
12 Mth Gross Distribution Yield* (%)	-
Franking Level	-

* As of 31 December 2019. 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-20	3-Jan-20	17-Jan-20	$0.28886	6.71%
1-Oct-19	2-Oct-19	16-Oct-19	$0.26154	6.06%
1-Jul-19	2-Jul-19	16-Jul-19	$0.28267	6.18%
1-Apr-19	2-Apr-19	16-Apr-19	$0.31173	6.43%
2-Jan-19	3-Jan-19	17-Jan-19	$0.28965	5.55%
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	-

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	Download
	Brochure - BetaShares Yield Maximiser Funds	Download
	Portfolio Holdings	Download
	Product Disclosure Statement - UMAX	Download
	Annual Report - June 2019	Download
	NRWT and Fund Payment Notice information - September 2019 distributions	Download
	NRWT and Fund Payment Notice information - June 2019 distributions	Download
	NRWT and Fund Payment Notice information – March 2019 distributions	Download
	NRWT and Fund Payment Notice information – December 2018 distributions	Download
	Notice of Modifications to Fund Constitution – AMIT Tax Regime	Download
	Non-Resident Withholding tax information - September 2016 Distribution	Download
	2018 Distribution Calendar	Download
	Interim Financial Report 2018	Download
	NRWT and Fund Payment Notice information - December 2019 distributions	Download