BetaShares Australian Top 20 Equity Yield Maximiser Fund (YMAX) $7.77

The YMAX ETF provides investors with exposure to the 20 largest blue-chip companies on the market, theoretically offering attractive quarterly income that exceeds the dividend yield of a portfolio of the entire market. The ETF has delivered a return of 6.5% since its inception in late 2012, lagging behind the Total Return Index.

• We are not fans of this ETF, believing the 0.69% is too high for such a simple offering.