asset_category: Large Cap Income
peer_benchmark: (ETF) Domestic Equity - Large Cap Income Index
broad_market_index: ASX Index 200 Index
manager_contact_details: Array
ticker: YMAX
release_schedule: NO COMMENTARY
commentary_block:
factsheet_url:
fund_features:
BetaShares Australian Top 20 Equity Yield Maximiser (YMAX) aims to generate attractive quarterly income and reduce the volatility of portfolio returns by implementing an equity income investment strategy over a portfolio of the 20 largest blue-chip shares listed on the ASX. YMAX does not aim to track an index.
- The Fund invests in a portfolio that provides exposure to the largest 20 Australian securities listed on the Australian Securities Exchange (ASX) (the “Share Portfolio”) combined with call options written on the securities on the Share Portfolio.
- The Share Portfolio is passively managed, meaning that the weighting of each security will generally mirror the weighting of the security within the Index.
- The Share Portfolio aims to generate dividends, franking credits and some capital growth. The Fund will also sell (or “write”) exchange-traded call options on up to 100% of the securities in the Share Portfolio.
- The call options are actively managed and will be written with terms of one to three months and strike prices that are expected to be approximately 3% to 7% above the then current market prices of the securities, subject to prevailing levels of volatility.
structure: ETF