YMAX AU
YMAX ETF: A Guide to Betashares Aus Top 20 EQY Yield MAX Complex ETF
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Overview
BetaShares Australian Top 20 Equity Yield Maximiser Fund (YMAX) offers exposure to major Australian companies alongside an options-based yield approach. The supplied data shows a 7.011% dividend yield and quarterly distributions, but these figures do not guarantee future income. Its concentrated holdings and use of derivatives are central to understanding the fund’s risk and return profile.
Category
YMAX pairs exposure to large Australian dividend-paying companies with an options-based approach intended to enhance yield. This means its profile is not simply that of a conventional Australian share portfolio: investors should consider both the underlying holdings and how options can affect income and participation in share-price gains.
YMAX’s Australian large-company focus gives it notable exposure to banks and resource-related businesses, alongside companies such as CSL, Wesfarmers and Woolworths. That mix means its results may reflect conditions affecting a relatively narrow group of major listed companies.
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Key facts
- Ticker
- YMAX
- Exchange
- AU
- ISIN
- AU00000YMAX5
- Category / focus
- Unclassified
- Provider
- BetaShares Capital Ltd
- Domicile
- Australia
- Currency
- AUD
- Inception date
- 2012-11-22
- Use of income
- Quarterly
- UCITS
- No
Costs
- TER
- 0.00%
- Ongoing charge
- 0.00%
- AUM
- 720.1M
The supplied data displays 0% for the total expense ratio, ongoing charge and net expense ratio. These are the reported figures for those measures in the fund data.
Performance
- YTD
- 8.3%
- 1 year
- 7.4%
- 3 years
- 9.1%
- 5 years
- 7.3%
- 10 years
- 6.8%
- Dividend yield
- 7.01%
- Top 10 concentration
- 77.1%
Holdings
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CSL Ltd12.66%
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BHP Group Ltd11.05%
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Wesfarmers Ltd4.58%
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Macquarie Group Ltd4.64%
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Woolworths Group Ltd4.44%
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Telstra Group Ltd3.98%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio is concentrated: its top ten holdings account for 77.085% of assets. Commonwealth Bank of Australia is the largest disclosed holding at 13.482%, followed by CSL at 12.661% and BHP at 11.052%. Financial services represent 42.409% of the sector allocation, while basic materials account for 24.734%.
Sectors
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Financial Services45.6%
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Basic Materials23.5%
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Consumer Cyclicals7.0%
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Healthcare5.3%
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Energy5.1%
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Consumer Defensive4.5%
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Industrials4.2%
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Communication Services3.2%
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Real Estate3.2%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
YMAX may interest investors researching Australian large-company shares and an ETF that combines direct share exposure with options. Its concentrated portfolio and variable distributions are important considerations; this is general information, not personal financial advice.
Key risks
The top ten holdings represent 77.085% of assets, and financial services make up 42.409% of the reported sector allocation, creating meaningful concentration risk. Share prices and distributions can fall or vary. The fund description says it may use options and other derivatives; these can change the return profile compared with owning shares directly and may limit some gains, depending on how they are used.
FAQ
What does YMAX invest in?
YMAX holds Australian large-company shares, with its portfolio concentrated in major banks, CSL and BHP among its largest disclosed positions. The fund description also notes that it may use options and other derivatives.
Does YMAX pay distributions?
The supplied data describes distributions as quarterly and shows a dividend yield of 7.011%. That figure is not a promise of future distributions, which can vary.
Does YMAX track a verified benchmark?
A verified benchmark is not specified in the supplied fund data.
What are the main risks to consider?
The fund has substantial exposure to a small number of Australian companies and financial services shares. Its use of options may also change how returns compare with holding shares alone; distributions and capital values can fluctuate.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
