UMAX ASX | S&P 500 ASX Fund | BetaShares
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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 21 September 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 * $17.83
* As at 17 September 2020

Profile

Net Assets* ($A) $84,768,827
Units Outstanding* (#) 4,755,150
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 17 September 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
28.1%
Healthcare
13.9%
Consumer Discretionary
11.4%
Communication Services
11.2%
Financials
9.7%
Industrials
8.1%
Consumer Staples
7.0%
Utilities
2.9%
Real Estate
2.7%
Other
5.2%
* As of 31 August 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund S&P 500 Index (TR, A$)
1 month 1.80% 3.89%
3 months 0.29% 3.52%
6 months -8.78% 4.00%
1 year -6.86% 10.45%
3 year p.a 6.97% 16.53%
5 year p.a 6.18% 12.81%
Since inception (p.a) 8.95% 15.24%
Inception date 17-Sep-14 -
* As at 31 August 2020

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* (%) 6.9%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
* As of 31 August 2020. 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-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.

ANNOUNCEMENTS

ASX Announcements: UMAX

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RESOURCES

Factsheet - UMAX
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Fund Flyer - 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 2019
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NRWT and Fund Payment Notice information - June 2020 distributions
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NRWT and Fund Payment Notice information - March 2020 distributions
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NRWT and Fund Payment Notice information - December 2019 distributions
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NRWT and Fund Payment Notice information - September 2019 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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Interim Financial Report 2018
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2020 BetaShares Distribution Calendar
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LEARN MORE ABOUT UMAX

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