Betashares S&P Australian Shares High Yield ETF

Betashares S&P Australian Shares High Yield ETF holds 49 securities, and its ten largest positions make up 69.0% of the fund, more concentrated than the 51.2% typical of Australian equity funds. That makes it fairly concentrated.

Its country exposure is almost entirely Australia (100.0%), and its biggest sector is Financials at 41.7%, based on holdings as at 2 Sept 2026.

HYLD shares the most holdings with iShares Global High Yield Bond (AUD Hedged) ETF (IHHY) (99% overlap), Global X S&P/ASX 200 High Dividend ETF (ZYAU) (75% overlap) and Vanguard Australian Shares High Yield ETF (VHY) (73% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.

At 99%, owning both HYLD and IHHY would mostly double up on the same investments rather than spread your money further. Of these, ZYAU has the lowest fee, at 0.24% a year against 0.25% for HYLD.

Betashares S&P Australian Shares High Yield ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks. Its index uses a dividend approach, so it is sometimes called "smart beta".

Among Australian equity funds, active funds charge a median 0.85% a year and index funds 0.34%.

HYLD charges a management fee of 0.25% a year, about $25 for every $10,000 invested. That is cheaper than 75% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Australian equity funds, the median is 0.35%.

Lower-cost funds with a similar focus include SPDR MSCI Australia Select High Dividend Yield ETF (SYI) at 0.20%, iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD) at 0.23% and Global X S&P/ASX 200 High Dividend ETF (ZYAU) at 0.24%.

If you would rather have a manager choose the investments, active options such as Ausbil Active Dividend Income Fund - Active ETF (DIVI) at 0.85% and Martin Currie Real Income Fund - Active ETF (R3AL) at 0.85% cost more.

The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.07% for HYLD.

Its focus is income. It favours investments that pay higher, regular distributions. Over the past year it paid out 4.3% of its price, across 12 payments.

As at 2 Sept 2026, HYLD's ten largest holdings are BHP Group Ltd (10.8%), ANZ Group Holdings Ltd (9.6%), National Australia Bank Ltd (9.2%), Westpac Banking Corp (9.2%), Woodside Energy Group Ltd (7.7%), Rio Tinto Ltd (5.4%), Macquarie Group Ltd (4.8%), Telstra Group Ltd (4.2%), Wesfarmers Ltd (4.2%) and Transurban Group (3.8%). Together they make up 69.0% of the fund.

Rather than simply weighting companies by market size, its index favours companies that pay higher dividends.

Based on its category, Betashares S&P Australian Shares High Yield ETF aims mainly to pay a regular income, with capital growth secondary.

To 23 Oct 2026, with distributions reinvested, it returned 10.8% over 1 year (median 0.6%; ranked 6 of 65). The medians and rankings compare it with Australian equity funds. Since listing in 2025 it has returned 15.6% a year.

Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for HYLD; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.25% a year, and a much bigger gap is a warning sign.

Past performance is not a reliable indicator of future performance.