UMAX

S&P 500 Yield Maximiser Complex ETF

About this ETF

UMAX aims to generate attractive monthly income and reduce the volatility of portfolio returns by implementing an equity income investment strategy over a portfolio of stocks comprising the S&P 500 Index. UMAX does not aim to track an index.

IssuerBetaShares

Management fee (MER)0.79% p.a.

Inception date17 Sep 2014

Scout Score

49/100

Ranked #14 of 29 in US Shares

An independent score calculated by ETF Scout across 7 real-data factors (cost, diversification, tracking, liquidity, fund strength, performance, income), ranked against other funds in the same category.

Cost0

Diversification64

Tracking85

Liquidity59

Fund Strength71

Performance44

Income32

Strengths

Tight index tracking — 5.01% tracking error, tighter than 85% of US Shares peers.
Large, established fund — $327M in assets, bigger than 71% of US Shares funds.

Weaknesses

Higher fee — 0.79% p.a., more expensive than 100% of US Shares funds.
Below-average yield — 0.00%, lower than 68% of US Shares peers.

Performance (as of 4 Nov 2026)

Total returns, net of fees. Periods longer than 1 year are annualised.

1 Month-1.32%

3 Months+2.43%

YTD+2.27%

1 Year+4.19%

3 Years (p.a.)+13.80%

5 Years (p.a.)+10.82%

Price history

Cumulative return over the selected period, indexed to 0% at the start of the range.

Top holdings (as of 30 Oct 2026)

The fund's largest individual holdings, ranked by portfolio weight.