S&P/ASX 200 High Dividend ETF (ZYAU) – Global X ETFs
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ZYAU

S&P/ASX 200 High Dividend ETF

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Reasons to Consider ZYAU

Instant Diversification

Simple, low-cost access to a selection of quality dividend investments.

Quality Filter

Forward looking dividend forecast captures the highest dividend-paying companies, and the weighting scheme further tilts towards these companies.

High Income Potential

Aims to achieve a yield above the broad market.

Product Information As of 16 Jan 2025

Inception Date* 31 Jul 2023
Management Costs (% p.a.) 0.24
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

*The inception date refers to the inception of the Fund’s current investment strategy on 31 July 2023. The Fund’s benchmark index changed to the S&P/ASX 200 High Dividend Index effective as of 31 July 2023, prior to this date, the Fund tracked the S&P/ASX 300 Shareholder Yield Index and was subject to different management fees and costs.


NAV Information As of 16 Jan 2025

NAV/Unit (A$) 8.84980000
iNAV 8.8188
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 8,675,552
AUM (A$) 76,777,027.56
NAV History File View

Product Summary

The Global X S&P/ASX 200 High Dividend ETF (ZYAU) invests in 50 high-dividend stocks from the S&P/ASX 200 Index.

Product Objective

The Global X S&P/ASX 200 High Dividend ETF (ZYAU) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P/ASX 200 High Dividend Index.

Trading Details

Ticker ZYAU
Bloomberg Code ZYAU AU Equity
ISIN AU00000ZYAU3
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited

Benchmark Information

Benchmark S&P/ASX 200 High Dividend Index
Provider S&P Dow Jones Indices, LLC.
Ticker SPAUHDAN

Distributions As of 31 Dec 2024

12-Month Yield 5.53%
12-Month Franking Level 83.79%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 16 Jan 2025

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 2.18% 2.14% 0.04% 0.06%
3 Months 1.01% 0.99% 0.02% 0.07%
1 Year 11.04% 11.16% -0.12% 0.12%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 9.66% 9.81% -0.15% 0.13%

Top Holdings As of 17 Jan 2025

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
11.32 Westpac Banking Corp 6076146 32.66 266,120 8,691,479
10.13 National Australia Bank Ltd 6624608 38.45 202,252 7,776,589
9.89 ANZ Group Holdings Ltd 6065586 29.98 253,345 7,595,283
9.34 BHP Group Ltd 614469 39.98 179,456 7,174,651
6.68 Woodside Energy Group Ltd BMGT167 25.83 198,457 5,126,144
6.57 Rio Tinto Ltd 6220103 119.61 42,161 5,042,877
5.49 Telstra Group Ltd 6087289 4.00 1,053,292 4,213,168
5.46 Fortescue Ltd 6086253 18.89 221,966 4,192,938
5.28 Transurban Group 6200882 13.62 297,705 4,054,742
3.85 QBE Insurance Group Ltd 671574 19.72 149,998 2,957,961
3.10 Suncorp Group Ltd 6585084 19.60 121,579 2,382,948
2.64 Origin Energy Ltd 6214861 11.12 181,971 2,023,518
2.16 Insurance Australia Group Ltd 6271026 8.61 192,203 1,654,868
1.57 APA Group 6247306 6.89 175,445 1,208,816
1.18 Amcor PLC 6066608 15.58 58,101 905,214
1.14 Medibank Pvt Ltd BRTNNQ5 3.78 232,377 878,385
1.13 Ampol Ltd BM91201 29.72 29,109 865,119
1.08 Atlas Arteria Ltd BZ03TZ1 4.97 167,023 830,104
1.00 Aurizon Holdings Ltd B87CVM3 3.28 232,981 764,178
0.99 Bendigo & Adelaide Bank Ltd 609128 13.33 56,868 758,050
0.96 JB Hi-Fi Ltd 6702623 94.11 7,812 735,187
0.90 AGL Energy Ltd BSS7GP5 11.64 59,092 687,831
0.57 Bank of Queensland Ltd 6076243 6.73 64,736 435,673
0.55 Chorus Ltd B54F6S5 7.89 53,172 419,527
0.50 New Hope Corp Ltd 668196 4.93 77,296 381,069
0.46 Metcash Ltd B0744W4 3.08 113,421 349,337
0.46 Viva Energy Group Ltd BYQM3N1 2.75 127,406 350,367
0.42 Downer EDI Ltd 6465573 5.20 61,423 319,400
0.40 Harvey Norman Holdings Ltd 6173508 4.66 65,318 304,382
0.37 Ventia Services Group Pty Ltd BNV08F 3.67 77,690 285,122
0.37 Perpetual Ltd 6682394 20.11 14,074 283,028
0.32 Super Retail Group Ltd B01C7R 15.25 16,307 248,682
0.31 Eagers Automotive Ltd 6296201 11.86 20,366 241,541
0.30 Nickel Industries Ltd BZ7NDP2 0.85 274,898 233,663
0.29 Premier Investments Ltd 6699781 27.98 7,826 218,971
0.29 Beach Energy Ltd 6088204 1.49 150,075 222,861
0.29 Deterra Royalties Ltd BJP5T05 4.07 54,889 223,398
0.28 Helia Group Ltd BP5HL07 4.64 46,776 217,041
0.25 Magellan Financial Group Ltd B015YX4 11.06 17,431 192,787
0.19 NRW Holdings Ltd B23XW7 3.51 41,194 144,591
0.18 GrainCorp Ltd 6102331 7.36 18,259 134,386
0.17 Monadelphous Group Ltd 6600471 14.20 9,148 129,902
0.17 Amotiv Ltd BQH8HH4 10.56 12,354 130,458
0.17 IPH Ltd BS7K5S1 4.87 26,672 129,893
0.17 Inghams Group Ltd BZCNHW2 3.18 41,843 133,061
0.15 SmartGroup Corp Ltd BNB5WS6 7.77 14,688 114,126
0.14 Credit Corp Group Ltd 6287658 17.36 6,030 104,681
0.12 Elders Ltd 6357852 7.15 12,582 89,961
0.10 Stanmore Resources Ltd B4KDPZ6 2.99 24,498 73,249
Holdings are subject to change.

Sector Breakdown As of 17 Jan 2025

Sector Weight (%)
Financials 44.2
Materials 23.2
Energy 9.1
Industrials 8.8
Communication Services 6.0
Utilities 5.1
Consumer Discretionary 2.5
Consumer Staples 0.9
Other/Cash 0.2

Research

Three Ways to Enhance Portfolio Income with ETFs

Read More

ZYAU: Managing Reporting Season Risk

Read More

Documents




Announcements/Notices

FAQs

  • How are distributions paid from ZYAU?

    Global X S&P/ASX 200 High Dividend ETF (ASX: ZYAU) pays quarterly distributions at the end of March, June, September, and December. After fees and expenses, the fund receives net income from its underlying investments, which is passed through to investors.

  • How can I use ZYAU in a portfolio?

    Global X S&P/ASX 200 High Dividend ETF (ASX: ZYAU) can be used as a core exposure to high-yielding Australian equities. The fund can also be used to achieve a tactical tilt towards yield stocks or 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 Global X S&P/ASX 200 High Dividend ETF (ASX: ZYAU) as a core Australian equity instead of a broad market index in portfolios with a yield focus.

    Alternatively, the fund can be used in combination with a broad market index. A holding in Global X S&P/ASX 200 High Dividend ETF (ASX: ZYAU) can complement a holding in a fund tracking an index such as the S&P/ASX 200 Index because it 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.

  • How are dividend forecasts measured?

    Dividend forecast data is provided by S&P Global Market Intelligence. Forecasts are based on proprietary bottom-up fundamental research from S&P’s analysts.

  • What are dividend traps, and how are they mitigated?

    A "dividend trap" is a stock with a high dividend yield that may appear attractive at first but often will not offer sustainable dividends or can only generate one-off dividend payments due to extenuating circumstances, such as when a stock’s high yield is due to its share price falling, rather than its dividends rising. This happens because dividend yield is calculated as dividends per share divided by the share price – a higher notional yield can be achieved through a lower share price. Meaning, a high yield can reflect the market’s attempt to price-in future dividend cuts.

    ZYAU attempts to mitigate this by removing stocks with dividends per share forecast to fall 5% or more. As an additional measure, the index removes stocks with momentum scores falling within the lowest 10% of the S&P/ASX 200—indicating a selloff.

  • What is the role of the momentum filter?

    A common concern when buying high yielding stocks is that they may be "yield traps”, or “dividend traps”. This can occur when a notionally high yield owes to the market frontrunning – or anticipating – potential declines in dividend payouts. The role of the momentum filter is to remove companies whose share prices have fallen sharply and suddenly (i.e. with low momentum scores) and thereby make index entry for potential dividend traps more difficult.

  • Why are REITs excluded?

    Unlike most S&P/ASX 200 Index companies, Australian REITs are legally structured as trusts rather than ordinary shares. This means they are less eligible for franking credits, which are often a consideration for investors buying dividend-focused ETFs like Global X S&P/ASX 200 High Dividend ETF (ASX: ZYAU).

  • Why is ZYAU’s weighting scheme based on market capitalisation multiplied by dividend yield?

    Weighting stocks by dividend yield enables the fund to buy more higher yielding stocks, thereby increasing overall yield potential. Blending this with market capitalisation weighting ensures the fund does not drift too far from the S&P/ASX 200 Index, in turn mitigating the risk of major deviation from the benchmark.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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