Benefits of investing in the BetaShares Australian Top 20 Equity Yield Maximiser Fund

• Attractive income - earn quarterly income (including franking credits), that is expected to exceed the yield performance of the underlying share portfolio over the medium-term

• Downside protection - potential downside risk management against a falling market

• Reduced volatility - strategy seeks to reduce the volatility of equity returns

• Blue-chip exposure - with a single trade, investors can get exposure to a portfolio of blue-chip Australian equities

• Cost effective - cost effective way to implement an equity income strategy

• Liquidity - trades on ASX during the trading day like any share

• Transparent - portfolio holdings, value of the Fund's assets and net asset value per unit available daily on our website

• Capital Growth
• Income Distributio
• Satellite/small allocation (<25%)

About the Fund

• A simple to use, cost-effective tool that allows investors to implement an equity income investment strategy over a portfolio of 20 blue-chip Australian shares

• Allows investors potential to earn higher income from shares

• Core exposure to a diversified portfolio of the largest Australian companies

• Potential for reduced volatility and smoother equity returns

Investment objective

The Fund aims to provide investors with exposure to a portfolio of the largest 20 blue-chip Australian shares listed on the Australian Securities Exchange (ASX), while providing attractive quarterly income that exceeds the dividend yield of the portfolio of underlying shares over the medium term. In addition, the Fund aims to provide lower overall volatility than the underlying share portfolio. It does not aim to track the Index.

How to use this ETF in your portfolio

The Fund can be used to implement a variety of investment strategies. For example:

1. Seek to enhance the yield on an Australian equities portfolio
2. Seek to reduce volatility across a portfolio via the Fund's buy-write strategy
3. Core exposure to a diversified portfolio of the largest Australian companies

How we invest your money

The Share Portfolio consists of the largest 20 Australian securities. The Share Portfolio is passively managed, meaning that the weighting of each security will generally mirror the weighting of the security within the Index. The Share Portfolio aims to generate dividends, franking credits and some capital growth. The Fund will also sell (or "write) exchange-traded call options on up to 100% of the securities in the Share Portfolio. The call options are actively managed and will be written with terms of one to three months and strike prices that are expected to be approximately 3% to 7% above the then current market prices of the securities, subject to prevailing levels of volatility.

By writing call options, the Fund will receive option premiums which are expected to provide an additional source of income for the Fund and a partial hedge against a decline in the value of the Share Portfolio.

The Fund's strategy would be expected to outperform a strategy of holding the Share Portfolio alone (i.e. without writing call options) in falling, flat and gradually rising markets. However, the Fund's strategy can be expected to underperform in a strongly rising market, as the Fund's equity securities move above the strike prices of the call options - moderating the capital growth of the Fund and limiting the potential for any yield enhancement over and above the dividend yield.

For more information on the strategy, please see section 2 of the PDS.