S&P 500 Yield Maximiser Fund (managed fund)
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
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.
Invest in UMAX with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 9,634,835 |
|---|---|
| Management fee and cost** (p.a.) | 0.79% |
| Distribution frequency | Quarterly |
| Distribution reinvestment plan (DRP) | Full participation available |
| Issuer | Betashares Capital Ltd |
| Registry | MUFG Corporate Markets |
* As at 20 January 2025
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 20 January 2025 |
| NAV/Unit* | $27.30 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
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 |
Performance
Fund returns after fees (%)
| Fund | ||
|---|---|---|
| 1 month | 3.97% | - |
| 3 months | 15.86% | - |
| 6 months | 18.96% | - |
| 1 year | 35.15% | - |
| 3 year p.a. | 13.59% | - |
| 5 year p.a. | 12.30% | - |
| 10 year p.a. | 11.69% | - |
| Since inception | 12.23% | - |
| Inception date | 17-Sep-14 | - |
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.
Sector allocation
| Information Technology | 32.5% |
|---|---|
| Financials | 13.6% |
| Consumer Discretionary | 11.3% |
| Health Care | 10.1% |
| Communication Services | 9.4% |
| Industrials | 8.2% |
| Consumer Staples | 5.5% |
| Energy | 3.2% |
| Other | 6.3% |
* As of 31 December 2024
Distributions
Frequency and yield
| Distribution frequency | Quarterly |
|---|---|
| 12 mth distribution yield* | 4.1% |
*As at 31 December 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-Jan-25 | 3-Jan-25 | 17-Jan-25 | $0.352527 | 6.44% |
| 1-Oct-24 | 2-Oct-24 | 16-Oct-24 | $0.294544 | 5.55% |
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.304433 | 5.60% |
| 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 | 6.77% |
| 1-Oct-19 | 2-Oct-19 | 16-Oct-19 | $0.261535 | 6.10% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.282666 | 7.96% |
| 1-Apr-19 | 2-Apr-19 | 16-Apr-19 | $0.311727 | 7.85% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.289652 | 6.38% |
| 1-Oct-18 | 2-Oct-18 | 16-Oct-18 | $0.229047 | 7.02% |
| 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
Payment notice information
NRWT & fund payments
| Document | Date |
|---|---|
| 2024-09 | |
| 2024-06 | |
| 2024-03 | |
| 2023-12 | |
| 2024-12 |