YMAX Pays an 8.7% Yield. Its Ten-Year Return Was Lower Than That

Australia's best known equity income ETF hands out a large, partly franked distribution every month. The total return tells a quieter story.

YMAX paid a distribution yield of 8.7% over the past year, or 10.3% once you count franking credits. Over the past decade it returned 6.5% a year in total. When a fund's yield runs higher than the return it actually earns, the gap is not free money. It is your own capital, paid back and labelled income.

What is YMAX?

The Betashares Australian Top 20 Equities Yield. . .