2 monthly income ETFs with yield reaching as high as 9%

These ASX EFTs pay their investors every single month.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Exchange-traded funds (ETFs) are a popular choice among investors because they offer instant diversification, traditionally low fees, and they tend to grow steadily over time.

Another bonus is that if an ETF's portfolio includes shares that pay a dividend, the ETF will collect it and pass it on to investors. Like any ASX dividend-paying stock, this is usually paid out quarterly or annually. But then there are the rare few ETFs that pay income to investors monthly.

Here are two of them, and they both have very attractive yields.

Man holding out Australian dollar notes, symbolising dividends.

Image source: Getty Images

BetaShares Australian Top 20 Equities Yield Maximiser Complex ETF (ASX: YMAX)

The Betashares YMAX is an ASX-listed ETF that targets the 20 largest Australian shares on the ASX. 

Since the fund began in April 2023, YMAX has been paying quarterly dividends to its shareholders. But effective from January this year, it has elected to pay out on a monthly basis instead.

As of the 27th of February 2026, YMAX ETF has a 12-month gross distribution (dividend) yield of 9% and a 12-month distribution yield of 7.6%. The total 12-month franking level is 42.4%. The fund's annual management fee and costs are 0.64%.

Its first-ever monthly dividend payment was paid on the 17th of February, where it handed investors $0.035221 per unit and paid $0.050699 per unit last week. 

Over the past 12 months, YMAX shares have trailed the S&P/ASX 200 Index (ASX: XJO) returns. The ETF's share price is down 1.98% compared with the ASX 200's 7.4% annual gain.

BetaShares Dividend Harvester Active ETF (ASX: HVST

The Betshares HVST ETF is an ASX-listed ETF that invests in 40 to 60 dividend-paying companies. These are selected from the top 100 largest ASX-listed companies based on their dividend forecasts, franking credits, and expected future gross dividend payments.

The ETF does not track an index; instead, it targets exposure to high-dividend stocks.

The fund is created in a way that allows it to own a dividend share until it trades ex-dividend. At this point, the fund sells the shares and reinvests the proceeds into its next opportunity.

HVST ETF pays investors a regular, franked dividend income that is around double the annual income yield of the broader ASX. 

As of the 27th of February 2026, its 12-month gross distribution (dividend) yield is 7%, and the net yield is 5.5%. The franking level is 64.7%. The fund's annual management fee and costs are 0.72%.

The fund paid out $0.06 per share to investors in late February and another $0.06 per share last week.

HVST shares have trailed the index over the past 12 months. The ETF's share price is down 0.1% over the past 12 months, compared with the ASX 200's 7.4% annual gain.

Motley Fool contributor Samantha Menzies 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Man ponders a receipt as he looks at his laptop.
Dividend Investing

How big will the BHP dividend be in 2027?

Here's what investors can expect from the mining giant next year.

Read more »

Happy miner with his hand in the air.
Resources Shares

Buying Rio Tinto shares? Here's the yield you'll get today

Rio has been a goldmine for investors lately.

Read more »

A couple working on a laptop laugh as they discuss their ASX share portfolio.
Dividend Investing

Could this boring ASX 200 dividend share be a strong buy for its big yield?

Boring businesses can still be useful for income investors, especially when a share price fall pushes the forecast yield much…

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

2 buy-rated ASX dividend shares to buy for 4% to 5% yields

Let's see which shares are being recommended as buys this week.

Read more »

Excited couple celebrating success while looking at smartphone.
Dividend Investing

Here's a 9% ASX dividend stock to consider for a monthly passive income

This ASX dividend stock is every investor's dream.

Read more »

Person with a handful of Australian dollar notes, symbolising dividends.
Technology Shares

This ASX tech stock just raised its dividend by 21%

This stock is raising its dividends like clockwork.

Read more »

A wad of $100 bills of Australian currency lies stashed in a bird's nest.
Dividend Investing

2 top ASX 200 dividend stocks to help boost your superannuation income

The passive income from ASX dividend stocks can help pave the way for a wealthier retirement.

Read more »

Different Australian dollar notes in the palm of two hands, symbolising dividends.
Dividend Investing

This ASX dividend stock has a 4% yield and a 27% growth rate

This dividend stock is a rare gem.

Read more »