ETFS S&P/ASX 300 High Yield Plus ETF
ASX Code: ZYAU
ETFS S&P/ASX 300 High Yield Plus ETF (ASX Code: ZYAU) is an Australian equity yield ETF providing exposure to a selection of quality dividend stocks from the S&P/ASX 300 Index.
ZYAU aims to provide investors with a return that, before fees and expenses, tracks the performance of the S&P/ASX 300 Shareholder Yield Index. ZYAU uses a full-replication strategy to track the index, meaning that it holds all of the shares that make up the index closely in proportion to their index weights.
This index tracks 40 high dividend payers from the S&P/ASX 300 Index, which meet certain quality and liquidity criteria. ZYAU’s quality screens enable the fund to target Australian equities with high and sustainable dividends. The index is weighted by the product of shareholder yield, which considers both dividends and share buybacks, and float-adjusted market capitalisation.
Why consider ZYAU
Simple, low-cost access to a selection of quality dividend investments.
ZYAU’s free cash flow to equity filter screens out companies paying unsustainably high dividends.
Aims to achieve a yield above that of the broad market.
ZYAU pays quarterly distributions at the end of March, June, September and December. Net income, after fees and expenses, received by the fund from its underlying investments is passed through to investors at each quarterly distribution.
Yes. All franking credits received by the fund are passed on to fund investors. These franking credits are detailed in each investor’s year-end tax statement.
ZYAU screens for stocks that have free cash flow to equity greater than the amount paid back to shareholders, meaning companies must generate sufficient cashflow to pay their dividends and to finance any share buybacks. This screen effectively excludes companies using debt to maintain their distributions.
ZYAU also screens for non-negative dividend growth and removes companies that have cut their dividend within the last 12 months.
A company’s shareholder yield is the total amount per share distributed to investors, combining both dividends and share buybacks, divided by its share price.
ZYAU’s liquidity screen filters companies from the S&P/ASX 300 Index for their average daily turnover over the past 12 months. Companies must have an average daily turnover of at least $1m to be included in the index.
ZYAU can be used as a core exposure to high yielding Australian equities. ZYAU can also be used to achieve a tactical tilt towards yield stocks or towards quality stocks.
Investors can use ZYAU as a core Australian equities in place of a broad market index in portfolios that have a yield focus.
Alternatively, ZYAU can be used in combination with a broad market index. A holding in ZYAU can complement a holding in a fund tracking an index such as the S&P/ASX 200 Index because ZYAU has historically had a portfolio with quite different characteristics to the S&P/ASX 200. A blended holding can provide investors with additional diversification benefits while providing yield and quality tilts.
|Date (NAV)||10 May 2021|
|Fund inception date||09 Jun 2015|
|Management Costs (% p.a.)||0.35|
|Legal Form||Managed Investment Scheme|
|Bloomberg Code||ZYAU AU Equity|
|Trading hours||10:00AM – 4:00PM|
Management & Administration
|Issuer||ETFS Management (AUS) Limited|
|Custodian||JPMorgan Chase Bank N.A. (Sydney Branch)|
|Registrar||Computershare Investor Services Pty Limited|
|Benchmark||S&P/ASX 300 Shareholder Yield Index|
|Provider||S&P Dow Jones Indices, LLC.|
|Announcement date||25 Mar 2021|
|Ex-date||31 Mar 2021|
|Record date||1 Apr 2021|
|Payment date||19 Apr 2021|
|Distribution per unit |
|12-month franking level||71.73%|
|Portfolio composition file - ETFS S&P/ASX 300 High Yield Plus ETF||10 May 2021|
|Factsheet ZYAU||06 May 2021|
|Condensed Financial Report - For the half-year ended 31 December 2020||11 Mar 2021|
|ETFS Product Disclosure Statement||14 Feb 2021|
|Annual Financial Report - 30 June 2020||23 Sep 2020|