Betashares S&P 500 Yield Maximiser Complex ETF

The Betashares S&P 500 Yield Maximiser Complex ETF, with the ticker UMAX, is designed to enhance income by investing in the top 500 companies in the United States, similar to the S&P 500 index. This ETF uses a strategy called "covered call writing," which involves selling call options on the stocks it holds. This approach aims to generate extra income from the premiums received from these options, potentially increasing returns, especially in flat or slightly rising markets. However, this strategy might limit the ETF's ability to fully benefit from significant market upswings. With a management fee of 0.79%, UMAX is suited for investors looking for income and some exposure to the US stock market.