Buy these ASX ETFs for income in June

Looking for easy income? Here are three ETFs that could help.

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If you're wanting to build an income portfolio in June but don't have sufficient funds to maintain a diverse portfolio, don't worry.

That's because there are exchange-traded funds (ETFs) out there that could potentially help you achieve this goal.

For example, the three ASX ETFs listed below offer investors exposure to a large collection of dividend-paying shares in one fell swoop. This can provide diversification for a portfolio.

Here's what you need to know about these ETFs:

BetaShares S&P 500 Yield Maximiser (ASX: UMAX)

The first ASX ETF for income investors to consider buying this month is the BetaShares S&P 500 Yield Maximiser.

This actively managed fund provides investors with access to the top 500 companies listed on Wall Street. However, through its clever covered call strategy it is able to target quarterly income that is significantly greater than the dividend yield you would expect to receive from the underlying share portfolio.

For example, at present it trades with a trailing 4.6% distribution yield.

Vanguard Australian Shares Index ETF (ASX: VAS)

Another top ASX ETF for income investors to look this month is the Vanguard Australian Shares Index ETF.

It is an index based ETF that aims to track the local ASX 300 index. This means that you will be buying a slice of Australia's leading 300 listed companies with a single click of the button. Among this diverse group of shares are giants like BHP Group Ltd (ASX: BHP) and smaller names including National Storage REIT (ASX: NSR) and Inghams Group Ltd (ASX: ING).

At present, it provides investors with a dividend yield of 3.7%.

Vanguard Australian Shares Index ETF (ASX: VHY)

A final ASX ETF that could be a good option for income investors in June is the Vanguard Australian Shares High Yield ETF.

It offers investors low-cost exposure to a portfolio of 70+ ASX shares that have higher forecast dividends relative to the market average based on broker research.

Vanguard highlights that security diversification is achieved by restricting the proportion invested in any one industry to 40% of the total ETF and 10% for any one company. In addition, Australian Real Estate Investment Trusts (A-REITS) are excluded from it.

This means you will be owning a portfolio of generous dividend-paying shares such as giants like BHP Group and Commonwealth Bank of Australia (ASX: CBA). In addition, there are plenty of smaller dividend-paying companies like Centuria Capital Group (ASX: CNI) and Dicker Data Ltd (ASX: DDR).

The ETF currently trades with a trailing dividend yield of 4.9%.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended BetaShares S&P 500 Yield Maximiser Fund and Dicker Data. The Motley Fool Australia has recommended Vanguard Australian Shares High Yield ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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