Find out what the ETF does
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 could be used by investors who are primarily focused on income from Australia’s top 20 blue-chip companies. The fund generates higher levels of income by selling call options on up to 100% of the portfolio holdings. Please note that YMAX does not track an index.
YMAX’s FUM meets our hurdle
The BetaShares YMAX ETF had $345.38 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.
Pay attention to yearly costs & fees
BetaShares charges investors a yearly management fee of 0.76% 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 $15.20.
For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.5% or around $10.00 per $2,000 invested. Keep in mind, small changes in fees can make a big difference after 10 or 20 years.
Our takeaway
If you’re thinking about investing in YMAX, bear in mind that this is just an introductory glance at the ETF. To explore further, check out our free BetaShares YMAX report. And for good measure, search our complete list of ASX ETFs for similar ETFs in the Australian shares sector to do a good comparison.