S&P 500 Yield Maximiser Fund (managed fund)

UMAX

Earn enhanced income from a diversified portfolio of US shares

Invest with us

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.

There are risks associated with an investment in UMAX, including market risk, foreign exchange risk and use of options 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* $23.89

* As at 17 June 2024

Profile

Net assets* ($A) $195,974,162
Units outstanding* (#) 8,204,457
Management fee and cost** (p.a.) 0.79%
Distribution frequency Quarterly
Distribution reinvestment plan (DRP) Full participation available
Issuer Betashares Capital Ltd
Registry Link Market Services

* As at 17 June 2024

**Certain additional costs apply. Please refer to PDS.

Trading information

ASX code UMAX
Bloomberg code UMAX AU
IRESS code UMAX.AXW
iNAV IRESS code N/A
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

Sector allocation

Information Technology
30.5%
Financials
12.9%
Health Care
12.0%
Consumer Discretionary
9.8%
Communication Services
9.3%
Industrials
8.5%
Consumer Staples
6.0%
Energy
3.9%
Utilities
2.5%
Other
4.6%

* As of 31 May 2024

Performance

Fund returns after fees (%)

  Fund
1 month -0.28% -
3 months 0.07% -
6 months 11.11% -
1 year 13.22% -
3 year p.a. 12.24% -
5 year p.a. 10.44% -
10 year p.a. - -
Since inception (p.a.) 10.73% -
Inception date 17-Sep-14 -

* As at 31 May 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* 4.7%

*As at 31 May 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)
2-Apr-24 3-Apr-24 17-Apr-24 $0.262084 6.03%
2-Jan-24 3-Jan-24 17-Jan-24 $0.264913 6.23%
2-Oct-23 3-Oct-23 17-Oct-23 $0.267974 7.24%
3-Jul-23 4-Jul-23 18-Jul-23 $0.277406 7.86%
3-Apr-23 4-Apr-23 20-Apr-23 $0.311589 7.43%
3-Jan-23 4-Jan-23 18-Jan-23 $0.382447 6.77%
3-Oct-22 4-Oct-22 18-Oct-22 $0.38871 6.32%
1-Jul-22 4-Jul-22 18-Jul-22 $0.348951 5.90%
1-Apr-22 4-Apr-22 20-Apr-22 $0.377083 5.97%
4-Jan-22 5-Jan-22 19-Jan-22 $0.250922 6.52%
1-Oct-21 4-Oct-21 18-Oct-21 $0.258911 6.67%
1-Jul-21 2-Jul-21 16-Jul-21 $0.257296 7.30%
1-Apr-21 6-Apr-21 20-Apr-21 $0.286293 8.10%
4-Jan-21 5-Jan-21 19-Jan-21 $0.332247 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 $0.304485 5.45%
2-Jan-20 3-Jan-20 17-Jan-20 $0.288864 -
1-Oct-19 2-Oct-19 16-Oct-19 $0.261535 -
1-Jul-19 2-Jul-19 16-Jul-19 $0.282666 6.24%
1-Apr-19 2-Apr-19 16-Apr-19 $0.311727 6.48%
2-Jan-19 3-Jan-19 17-Jan-19 $0.289652 -
1-Oct-18 2-Oct-18 16-Oct-18 $0.229047 -
2-Jul-18 3-Jul-18 17-Jul-18 $0.270618 5.14%
3-Apr-18 4-Apr-18 18-Apr-18 $0.238562 4.54%
2-Jan-18 3-Jan-18 17-Jan-18 $0.168832 4.42%
2-Oct-17 3-Oct-17 17-Oct-17 $0.171056 5.14%
3-Jul-17 4-Jul-17 18-Jul-17 $0.207313 5.44%
3-Apr-17 4-Apr-17 20-Apr-17 $0.204747 5.75%
3-Jan-17 4-Jan-17 18-Jan-17 $0.24205 6.19%
4-Oct-16 5-Oct-16 19-Oct-16 $0.224964 5.99%
1-Jul-16 4-Jul-16 18-Jul-16 $0.22696 6.50%
1-Apr-16 4-Apr-16 15-Apr-16 $0.291246 6.34%
4-Jan-16 6-Jan-16 19-Jan-16 $0.276198 6.98%
1-Oct-15 6-Oct-15 19-Oct-15 $0.289055 7.40%
1-Jul-15 3-Jul-15 20-Jul-15 $0.238297 -
1-Apr-15 3-Apr-15 20-Apr-15 $0.279097 -
2-Jan-15 6-Jan-15 19-Jan-15 $0.265099 -

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.

Announcements

ASX announcements: UMAX

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