• YMAX provides exposure to a portfolio of twenty Blue-Chip Australian shares represented in the S&P/ASX 20 Index, benchmarked against the Solactive Australia 20 TR AUD index.
  • The fund reported net Assets of $668.34 million and 92,440,417 units on issue, with a management fee of 0.64 percent per annum, and has traded on ASX since 26 November 2012.
  • Financial Services is the dominant sector allocation at 44.64 percent, well above the Australia Equity Income category average of 34.74 percent, with BHP Group and Commonwealth Bank of Australia the two largest holdings.

The BetaShares Australian Top 20 Equity Yield Maximiser Complex ETF (ASX:YMAX) aims to provide investors with exposure to a portfolio of twenty blue-chip Australian shares, as represented in the S&P/ASX 20 Index, while targeting quarterly income that exceeds the Dividend Yield of the underlying share portfolio. The fund additionally aims to provide lower overall Volatility than the underlying share portfolio. Admitted to ASX trading on 26 November 2012, YMAX is categorised under Australia Equity Income and benchmarked against the Solactive Australia 20 TR AUD index.

The fund reported net assets of $668.34 million and 92,440,417 units on issue, with a management fee of 0.64 percent per annum. Risk metrics show a Beta of 0.85 and a Standard Deviation of 9.52, both figures consistent with the fund's stated objective of delivering lower volatility than a direct holding of its underlying blue-chip share portfolio. The fund's Turnover ratio was recorded at 9.59 percent.

Sector Composition and Concentration

YMAX's sector allocation is dominated by Financial Services at 44.64 percent, above the category average of 34.74 percent, followed by Basic Materials at 23.40 percent, also above the category's 19.72 percent. Consumer Cyclical stands at 8.00 percent, above the category average of 5.85 percent, while Industrials at 4.22 percent and Communication Services at 3.38 percent both trail their respective category figures of 8.96 percent and 6.37 percent. The fund reported no allocation to Technology.

Geographic exposure is entirely concentrated in Australia at 100.00 percent, above the category average of 95.96 percent. The fund held 100.00 percent of assets in equities, with no cash, bond or other allocations reported.

Holdings, Returns and Distributions

The portfolio's top ten holdings account for 77.15 percent of total assets across 20 companies, reflecting the fund's concentrated blue-chip mandate. BHP Group is the largest position at 17.97 percent, followed by Commonwealth Bank of Australia at 16.34 percent and Westpac Banking Corporation at 7.17 percent. National Australia Bank, ANZ Group Holdings, Wesfarmers, Macquarie Group, Goodman Group, Rio Tinto and Telstra Group complete the remaining top ten names.

The fund declared an interim distribution of $0.056 per unit, with an ex-date of 1 September 2026 and payment date of 16 September 2026.