Global X S&P/ASX 300 High Yield Plus ETF
About this Fund
|FUND MANAGER||Global X Management (Aus)|
|ASSET CLASS||EXCHANGE TRADED FUNDS|
Each Fund seeks to meet its investment objective by investing in the assets comprising the relevant Index in accordance with the weightings determined and published by the applicable Index Provider
The Fund aims to provide investors with a return that (before fees and expenses) tracks the performance of the S&P/ASX 300 Shareholder Yield Index.
|BENCHMARK||S&P/ASX 300 Shareholder Yield NR AUD|
|FUND SIZE||S&P/ASX 300 Shareholder Yield NR AUD|
|NO. OF HOLDINGS||40|
|FEES||0.35% p.a. of the NAV of the Fund|
Benefits of investing in the Global X S&P/ASX 300 High Yield Plus ETF
While dividends are the dominant form of corporate distribution, including share buybacks gives a more complete picture.
Filtering by free cash flow to equity removes companies that pay out unsustainably high dividends.
ZYAU follows a unique selection methodology, which results in its portfolio looking quite different to other high yield ETFs available in the market.
ZYAU holds only stocks within the S&P/ASX 300 Index that trade more than $1 million per day on average, making it highly liquid.
Full portfolio holdings for ZYAU are made publicly available daily
How to use ZYAU in a Portfolio?
|RISK LEVEL||High to Very High|
Capital Growth, Income Distribution, Satellite/small allocation (<25%)
ZYAU is an exchange traded fund (ETF) which is tradable by investors on stock exchanges intraday and can be created and redeemed daily by certain financial institutions (known as Authorised Participants).
The S&P/ASX 300 Shareholder Yield Index offers exposure to the 40 stocks from the S&P/ASX 300 Index with the highest shareholder yields. Shareholder yield is a measure of return to investors combining both dividends paid and share buybacks. To be eligible for the index companies must have free cash flow in excess of the amount returned to investors and must have non-negative dividend per share growth.
The index is weighted by a measure combining both market capitalisation and shareholder yield.
The S&P/ASX 300 Shareholder Yield Index is designed to provide investors with a return higher than the performance of the S&P/ASX 300.
How we invest your money
The methodology employed by S&P in calculating the Index can be found at www.spindices.com
The index comprises the 40 stocks from the S&P/ASX 300 with the highest shareholder yield, which is defined as the amount of common dividends and common share buybacks in the last year.
In order to achieve sustainable performance, the eligible stocks are screened for liquidity, dividend growth and free cash flows. As a result, ZYAU delivers a defensive return from high yielding stocks and a cyclical return from buyback companies.
Each Fund will attempt to (before fees and expenses) fully replicate the performance of the relevant Index by investing its assets in a portfolio of securities that comprise the Index in proportion to the weight assigned to each security within the Index.
Any changes in the composition of an Index, whether due to scheduled rebalancing or other unscheduled events (e.g. corporate actions), will generally be reflected in the portfolio of securities held by a Fund as soon as practically possible.
In certain circumstances, it may not be possible or practical for the Responsible Entity to exactly replicate the Index. For example, trading in particular securities may be suspended. In other circumstances the exact replication of the Index may be impractical or excessively costly, for example where the Index comprises a large number of securities that are assigned small weights.
To assist investors, each Fund's full portfolio holdings will be published on a daily basis at the same time that Authorised Participants and market makers are provided with portfolio composition files.
Each Fund may hold derivative contracts from time to time, such as exchange traded options written on the Index or its constituent securities, and other investments that do not comprise the Index, but help to achieve the investment objectives of that Fund. These other investments that do not comprise the index may include for example:
These are expected to be used in limited circumstances.
Cash balances may also be held in each Fund from time to time. None of the Funds will engage in securities lending.