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

S&P/ASX 200 High Dividend ETF

Invest in ZYAU
Overview Performance Holdings & Characteristics Research Documents Announcements FAQs

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 8 Dec 2023

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 8 Dec 2023

NAV/Unit (A$) 8.24310000
iNAV 8.2562
iNAV as of 10:11 AM
Currency (NAV) AUD
Shares Outstanding 7,536,792
AUM (A$) 62,126,507.20

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 Oct 2023

12-Month Yield 8.04%
12-Month Franking Level 40.59%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 8 Dec 2023

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 2.50% 2.50% -- 0.04%
3 Months 3.16% 3.20% -0.04% 0.08%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 0.08% 0.11% -0.03% 0.09%

Top Holdings As of 11 Dec 2023

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
10.71 BHP GROUP LTD 6144690 47.74 139,342 6,652,187
10.12 COMMONW BK AUSTR 6215035 106.44 59,073 6,287,730
8.16 WOODSIDE ENERGY BMGT167 29.81 170,067 5,069,697
7.93 NATL AUST BANK 6624608 29.20 168,763 4,927,880
7.84 RIO TINTO LTD 6220103 128.89 37,769 4,868,046
7.47 FORTESCUE LTD 6086253 25.75 180,290 4,642,468
7.22 WESTPAC BANKING 6076146 21.92 204,526 4,483,210
6.85 ANZ GROUP HOLDIN 6065586 24.61 172,873 4,254,405
5.45 TELSTRA GROUP LT 6087289 3.84 882,011 3,386,922
2.49 SOUTH32 LTD BWSW5D9 3.13 493,589 1,544,934
2.29 SANTOS LTD 6776703 7.25 196,311 1,423,255
1.75 APA GROUP 6247306 8.70 124,986 1,087,378
1.50 QBE INSURANCE 6715740 14.52 64,329 934,057
1.46 SUNCORP GROUP LT 6585084 13.90 65,412 909,227
1.28 ATLAS ARTERIA BZ03TZ1 5.71 139,630 797,287
1.26 AMCOR PLC-CDI 6066608 14.61 53,718 784,820
1.08 AMPOL LTD BM91201 34.49 19,481 671,900
1.06 AURIZON HOLDINGS B87CVM3 3.64 180,715 657,803
1.03 WHITEHAVEN COAL B1XQXC4 7.20 88,798 639,346
1.01 INSURANCE AUSTRA 6271026 5.94 105,360 625,838
0.82 AGL ENERGY LTD BSS7GP5 9.68 52,362 506,864
0.78 JB HI-FI LTD 6702623 49.06 9,853 483,388
0.75 INCITEC PIVOT LT 6673042 2.86 162,414 464,504
0.65 MEDIBANK PRIVATE BRTNNQ5 3.50 115,214 403,249
0.57 METCASH LTD B0744W4 3.58 98,241 351,703
0.55 NEW HOPE CORP LT 6681960 5.03 68,533 344,721
0.52 CHORUS LTD B54F6S5 7.14 44,897 320,565
0.50 BENDIGO AND ADEL 6091280 9.17 34,068 312,404
0.46 NINE ENTERTAINME BGQV183 1.98 143,307 283,748
0.44 CSR LTD 6238645 5.93 46,281 274,446
0.43 HARVEY NORMAN 6173508 3.89 68,707 267,270
0.40 DETERRA ROYALTIE BJP5T05 5.11 48,296 246,793
0.37 CHAMPION IRON LT BLD1SB3 7.76 29,745 230,821
0.35 PREMIER INV LTD 6699781 25.64 8,469 217,145
0.34 SUPER RETAIL GRO B01C7R0 14.61 14,660 214,183
0.33 ORORA LTD BH4TCW7 2.64 77,320 204,125
0.31 EAGERS AUTO 6296201 13.62 14,080 191,770
0.27 VIVA ENERGY GROU BYQM3N1 3.11 54,571 169,716
0.27 VIRGIN MONEY-CDI BJXCLP7 2.89 58,474 168,990
0.25 BEACH ENERGY LTD 6088204 1.49 104,539 155,763
0.22 GRAINCORP LTD-A 6102331 7.48 18,156 135,807
0.22 INGHAMS GROUP LT BZCNHW2 3.90 34,734 135,463
0.21 CHALLENGER LTD 6726300 6.06 21,821 132,235
0.21 NRW HOLDINGS LTD B23XW70 2.76 47,729 131,732
0.19 IPH LTD BS7K5S1 6.50 18,267 118,736
0.18 FLETCHER BLDG 6341617 4.36 26,129 113,922
0.18 MONADELPHOUS GRP 6600471 14.11 7,880 111,187
0.18 SPARK NEW ZEALAN 6881500 4.82 22,989 110,807
0.17 INSIGNIA FINANCI 6714394 2.19 47,517 104,062
Holdings are subject to change.

Sector Breakdown As of 11 Dec 2023

Sector Weight (%)
Financials 37.9
Materials 32.1
Energy 13.6
Communication Services 6.6
Industrials 3.1
Utilities 2.6
Consumer Discretionary 2.2
Consumer Staples 1.0
Other/Cash 0.9

Research

Three Ways to Enhance Portfolio Income with ETFs

Read More

ZYAU: Managing Reporting Season Risk

Read More

Documents

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.

Investments may go up or down in value and you may lose some or all of the amount invested. Past performance is not necessarily a guide to future performance. Any advice provided by Global X Management (AUS) Limited (“Global X”) is general advice and does not take into account your personal objectives, financial situation or needs. You should consult an independent investment adviser prior to making an investment in order to determine its suitability to your circumstances. This material may contain links to third party websites. Global X does not control and is not responsible for the information contained within third party websites. None of these links imply Global X’s support, endorsement or recommendation of any other company, product or service.

Global X Management (AUS) Limited ACN 150 433 828 AFSL No 466778

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