Benefits of investing in the BetaShares S&P 500 Yield Maximiser Fund

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

• U.S. exposure - obtain U.S. equities & U.S. currency exposure

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

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

• Diversification - with a single trade, investors can get exposure to a diversified, income-generating U.S. equities portfolio

• Reduced administration - as an Australian domiciled fund, investors do not need to fill out W-8BEN forms, or risk any potential U.S. estate tax issues

• 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 Distribution
• 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 providing exposure to the stocks comprising the S&P 500 Index

• Allows investors potential to earn higher income from shares

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

• Potential for reduced volatility and smoother equity returns

Investment objective

The Fund aims to provide investors with exposure to the stocks comprising the S&P 500 Index (which tracks large capitalisation U.S. equities) while providing regular income that exceeds the dividend yield of the stocks alone. In addition, the Fund aims to provide the potential for some capital growth and lower overall volatility than the Index. 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 a global 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 U.S. Companies

How we invest your money

The Share Portfolio will provide exposure to U.S. stocks as represented in the S&P 500 Index ("Index). The Index measures the performance of the large capitalisation sector of the U.S. equity market. The Share Portfolio aims to generate dividends and capital growth.

In addition to the Share Portfolio the Fund will also sell (or "write) exchange-traded index call options on up to 100% of the Fund's exposure to the Index. The call options will generally be written with terms of less than three months and strike prices that are generally "out-of-the-money i.e. expected to be approximately 2% to 5% above the then current level of the Index, subject to the prevailing levels of volatility.

By writing index 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 is expected to outperform a strategy of holding the Share Portfolio alone (i.e. without writing index 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 does not participate in any rise in the Index above the strike prices of the index call options - moderating the potential capital growth of the Fund.

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