ETFS S&P/ASX 300 High Yield Plus ETF

Intelligent access to quality yield

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.

About ZYAU

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.

  • Liquid and transparent.


How are distributions paid from ZYAU?

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.

Do I receive franking credits from ETFs?

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.

What are ZYAU’s quality screens?

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.

What is shareholder yield?

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.

What is ZYAU’s liquidity screen?

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.

How can I use ZYAU in a portfolio?

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.

Can I invest in ZYAU instead of, or in conjunction with, a broad market index, such as the S&P/ASX 200 Index?

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.

Product Video: ETFS S&P/ASX 300 High Yield Plus ETF
Product Information
NAV Information
NAV/Unit (A$)9.2120
Date (NAV)21 Sep 2020
Currency (NAV)AUD
Shares outstanding11,952,476
AUM (A$)110,106,366.20
Product Information
Fund inception date09 Jun 2015
Management Costs (% p.a.)0.35
Maximum cost recoveries (% p.a.)0.00
Distribution FrequencyQuarterly
Currency HedgedNo
Legal FormManaged Investment Scheme
SMSF EligibleYes
Trading Information
Symbols and Trading Hours
Bloomberg CodeZYAU AU Equity
Trading hours10:00AM – 4:00PM
Trade Online
Management & Administration
IssuerETFS Management (AUS) Limited
CustodianJPMorgan Chase Bank N.A. (Sydney Branch)
RegistrarComputershare Investor Services Pty Limited
Benchmark Information
BenchmarkS&P/ASX 300 Shareholder Yield Index
ProviderS&P Dow Jones Indices, LLC.
Recent Distribution
Announcement date24 Jun 2020
Ex-date30 Jun 2020
Record date1 Jul 2020
Payment date15 Jul 2020
Distribution per unit
(A$ cents)
12-month yield4.30%
12-month franking level61.45%
Record date
Payment date
Distribution (A$ cents)
Franking level
30 Jun 202001 Jul 202015 Jul 20202.92952326.0102%
31 Mar 202001 Apr 202014 Apr 202012.27107269.0148%
31 Dec 201902 Jan 202016 Jan 202011.64556158.0136%
30 Sep 201901 Oct 201915 Oct 201912.79647965.4457%
28 Jun 201901 Jul 201915 Jul 201912.75929052.2088%

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