November review: The BetaShares YMAX ETF (ASX:YMAX) ETF

Getting exposure to the Australian shares sector has never been easier thanks to ASX ETFs like the BetaShares Australia Top 20 Equity Yield Max Fund (Managed Fund) ETF (ASX: YMAX). That said, no matter how easy it seems to be, we think it’s still important to do your own ETF review. So, here’s an overview of the BetaShares Australia Top 20 Equity Yield Max Fund (Managed Fund) ETF (ASX:YMAX) ETF, plus how to take your research to the next level.

How the YMAX ETF could be used in portfolios

The BetaShares YMAX ETF is an actively managed portfolio of Australia’s top 20 blue-chip companies, designed to maximise income by using covered calls.

YMAX exceeds our minimum market cap (FUM) criteria

The BetaShares YMAX ETF had $245.06 million of money invested when we last pulled the monthly numbers. Given YMAX’s total funds under management (FUM) figure is over $100 million, the ETF has met our minimum criteria for the total amount of money invested, otherwise known as FUM. We draw the line at $100 million for ETFs in the Australian shares sector because we believe that relative to smaller ETFs, achieving this amount of FUM de-risks the ETF.

YMAX’s fees & costs explained

BetaShares charges investors a yearly management fee of 0.79% for the YMAX ETF. This means that if you invested $2,000 in YMAX for a full year, you could expect to pay management fees of around $15.80.

For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.51% or around $10.20 per $2,000 invested. Keep in mind, small changes in fees can make a big difference after 10 or 20 years.

Bottom line

This is just a quick overview of the YMAX ETF. Before ‘testing the depth of water with both feet’ so to speak, be sure to read the YMAX ETF’s Product Disclosure Statement (PDS), available on the BetaShares website, or speak to your financial adviser. For another handy resource, take a look at our BetaShares YMAX report. You can also use our complete list of ASX ETFs to search for a few different ETFs in the sector and conduct a side-by-side comparison using everything you’ve learned here.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

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This ETF makes investing in ETFs "Super-Easy".

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From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just click the link below and enter your email address. We'll send you the report right away.

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The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

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