Betashares Australian Top 20 Equities Yield Maximiser Complex ETF
BetaShares · Custom covered call strategy · Since 2018
Annual fee
0.64%
$64/year per $10,000
Fund size
$696M
AUD · as at 30 Sep 2026
Dividend yield
9%
Monthly · approx., as at 30 Sep 2026
Holdings
20
companies
Dividend yield is a trailing distribution figure, as at 30 Sep 2026. Past performance is not a reliable indicator of future returns.
Next estimated distribution: ~December 2026 (estimated, not guaranteed; confirm with the fund manager). Distribution calendar → · View full distribution history →
YMAX uses a complex covered call options strategy, read the Product Disclosure Statement carefully before investing. It holds Australia's top 20 blue-chip stocks and sells call options over them, collecting option premiums in exchange for capping the upside gains. The result is a high yield from option premiums, paid monthly; the level varies with market conditions and is not guaranteed. The trade-off is significant: when the underlying stocks rally strongly, YMAX lags considerably behind because those gains have been sold via the options. YMAX is income-optimised at the expense of capital growth.
Based on publicly available fund data. Not a recommendation to buy or sell.
Strengths
Watch out for
| Company | Weight |
|---|---|
| BHP Group Limited | 17.1% |
| Commonwealth Bank of Australia | 16.2% |
| National Australia Bank Limited | 7.5% |
| Westpac Banking Corporation | 7.5% |
| ANZ Group Holdings Limited | 7.2% |
| CSL Limited | 5.5% |
| Macquarie Group Limited | 5.3% |
| Wesfarmers Limited | 4.9% |
| Woodside Energy Group Limited | 3.6% |
| Telstra Group Limited | 3.2% |
See how YMAX combines with your other ETFs: Stock X-Ray →
| Sector | Weight |
|---|---|
| Financials | 45.8% |
| Materials | 21.2% |
| Consumer Discretionary | 7.1% |
| Health Care | 5.6% |
| Energy | 5.4% |
| Consumer Staples | 4.5% |
| Industrials | 4.2% |
| Communication Services | 3.2% |
| Country | Weight |
|---|---|
| Australia | 100% |
Historical returns
Past performance is not a reliable indicator of future returns.
Returns as at 30 Sep 2026. Figures are approximate total returns in AUD including distributions. Sources: fund manager fact sheets and the ASX Investment Products report.
Compare YMAX with similar ETFs
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Find near-twins of YMAX →General information only, not financial advice. ETFLens does not hold an AFSL. Always read the relevant PDS and consider seeking advice from a licensed financial adviser.
YMAX uses a complex covered call options strategy, read the Product Disclosure Statement carefully before investing.
YMAX's annual management fee is 0.64% p.a. ($64 per $10,000 invested).
YMAX pays distributions monthly. Distributions are not guaranteed and will vary.