Cameron Gleeson

Yep.

Which is our Australia Yield Maximizer ETF.

Yep.

It's exposure to the top 20 largest stocks on the Australian stock market.

but it provides what's known as a covered call overlay.

There's a little bit of complexity in that.

Some investors will be familiar with a covered call strategy, which is essentially you hold that basket of stocks and then you write call options where if the stock price rises beyond a certain level, you don't participate in any further upside in those stock prices beyond that point.

That's right.

Yeah, yeah.

So the fund itself is the seller of the call option.

And what that means is that, you know, rather than being, you know, getting an uncertain return in terms of capital growth, you get, you know, known income from writing that call option.

You get paid money for doing that.

So, you know, the broad Australian equity market's probably got a dividend yield of around about, you know, 3, 3.2 at the moment.

The yield on YMAX, which includes dividends, also includes this extra income you earn, sits around about 9%.

Gotcha.

So, it's a really strong uplift in terms of your overall income, diversifies your sources of income beyond just those dividends.

And in times of, you know, volatility...

Perhaps our expectation isn't that the market is gonna appreciate pretty significantly.

So giving up the extreme upside, maybe I'm not necessarily so interested in that.

I can trade that off to get the extra income, puts me in a better position.