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

ZYAU


S&P/ASX 200 High Dividend ETF

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 22 May 2024

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 22 May 2024

NAV/Unit (A$) 8.87830000
iNAV 8.7617
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 8,047,956
AUM (A$) 71,451,809.29
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 30 Apr 2024

12-Month Yield 6.44%
12-Month Franking Level 50.18%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 23 May 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 1.81% 1.81% -- 0.03%
3 Months 2.76% 2.79% -0.03% 0.07%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 9.33% 9.48% -0.14% 0.12%

Top Holdings As of 24 May 2024

Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
9.48 BHP GROUP LTD 6144690 44.91 149,846 6,729,584
8.62 WOODSIDE ENERGY BMGT167 27.75 220,631 6,122,510
8.44 WESTPAC BANKING 6076146 26.87 223,051 5,993,380
8.01 NATL AUST BANK 6624608 34.40 165,368 5,688,659
7.89 ANZ GROUP HOLDIN 6065586 28.38 197,379 5,601,616
7.75 COMMONW BK AUSTR 6215035 120.73 45,562 5,500,700
7.65 RIO TINTO LTD 6220103 133.50 40,679 5,430,647
7.34 FORTESCUE LTD 6086253 26.99 193,097 5,211,688
5.29 TELSTRA GROUP LT 6087289 3.46 1,086,511 3,759,328
2.91 ORIGIN ENERGY 6214861 10.35 199,415 2,063,945
2.48 QBE INSURANCE 6715740 18.05 97,764 1,764,640
2.25 APA GROUP 6247306 8.74 182,573 1,595,688
1.86 SUNCORP GROUP LT 6585084 16.11 81,886 1,319,183
1.35 AMCOR PLC-CDI 6066608 15.22 63,210 962,056
1.32 ATLAS ARTERIA BZ03TZ1 5.37 173,982 934,283
1.31 AMPOL LTD BM91201 35.50 26,265 932,408
1.28 INSURANCE AUSTRA 6271026 6.45 140,834 908,379
1.22 AGL ENERGY LTD BSS7GP5 10.48 82,642 866,088
1.08 AURIZON HOLDINGS B87CVM3 3.69 207,413 765,354
0.72 MEDIBANK PRIVATE BRTNNQ5 3.66 140,105 512,784
0.71 JB HI-FI LTD 6702623 57.41 8,835 507,217
0.67 BENDIGO AND ADEL 6091280 10.99 42,982 472,372
0.61 METCASH LTD B0744W4 3.78 115,220 435,532
0.59 VIVA ENERGY GROU BYQM3N1 3.51 119,903 420,860
0.58 CSR LTD 6238645 8.92 45,835 408,848
0.54 NEW HOPE CORP LT 6681960 5.01 77,169 386,617
0.54 CHORUS LTD B54F6S5 6.83 56,201 383,853
0.53 VENTIA SERVICES BNV08F0 3.60 104,221 375,196
0.51 ORORA LTD BH4TCW7 2.17 168,243 365,087
0.48 VIRGIN MONEY-CDI BJXCLP7 4.06 83,953 340,849
0.42 NICKEL INDUSTRIE BZ7NDP2 0.99 303,646 300,610
0.40 BANK QUEENSLAND 6076243 5.85 48,159 281,730
0.39 BEACH ENERGY LTD 6088204 1.69 165,480 279,661
0.39 HARVEY NORMAN 6173508 4.35 63,604 276,677
0.38 PREMIER INV LTD 6699781 29.15 9,147 266,635
0.36 DETERRA ROYALTIE BJP5T05 4.78 53,528 255,864
0.31 NINE ENTERTAINME BGQV183 1.48 147,313 217,287
0.25 EAGERS AUTO 6296201 10.44 17,220 179,777
0.25 PERPETUAL LTD 6682394 22.11 8,071 178,450
0.25 SUPER RETAIL GRO B01C7R0 12.58 14,004 176,170
0.22 NRW HOLDINGS LTD B23XW70 2.83 56,295 159,315
0.22 IPH LTD BS7K5S1 6.28 24,991 156,943
0.21 GRAINCORP LTD-A 6102331 8.41 17,850 150,119
0.18 INGHAMS GROUP LT BZCNHW2 3.69 34,906 128,803
0.17 MONADELPHOUS GRP 6600471 13.61 8,618 117,291
0.15 SMARTGROUP CORP BNB5WS6 8.35 13,115 109,510
0.14 MAGELLAN FIN GRP B015YX4 8.55 11,618 99,334
0.14 HELIA GROUP LTD BP5HL07 4.04 24,259 98,006
0.13 SPARK NEW ZEALAN 6881500 3.89 24,038 93,508
Holdings are subject to change.

Sector Breakdown As of 24 May 2024

Sector Weight (%)
Financials 40.5
Materials 27.7
Energy 11.5
Utilities 6.4
Communication Services 6.3
Industrials 3.7
Consumer Discretionary 2.0
Consumer Staples 1.0
Other/Cash 0.9

Research

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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