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

ETF written in white on a multi coloured background.
Dividend Investing

Why I'd buy these 2 ASX ETFs for $10,000 a year in passive income

These two ASX ETFs provide a diversified means to earning a $10,000 yearly passive income.

Read more »

Woman holding $50 and $20 notes.
Dividend Investing

8 ASX shares going ex-dividend next week

Commonwealth Bank, Resmed, and AMP are among the ASX shares with ex-dividend dates next week.

Read more »

Woman relaxing on her phone on her couch, symbolising passive income.
Dividend Investing

Why I'd buy Telstra and these ASX dividend shares for passive income

These shares offer the type of qualities I would want from passive income investments.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Dividend Investing

2 ASX dividend shares I'd buy today for passive income

These ASX dividend shares can deliver a strong passive income investors.

Read more »

Australian notes and coins symbolising dividends.
Communication Shares

Everything you need to know about the Telstra dividend

Owners of Telstra shares can look forward to another good dividend.

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Bank Shares

Revealed: The ASX bank share with the highest dividend yield today

The highest-yielding bank right now might surprise you.

Read more »

An older gentleman leans over his partner's shoulder as she looks at a tablet device while seated at a table.
Dividend Investing

134,814 shares of this high-yield ASX dividend stock pays an income equal to the Age Pension

I’d say this ASX stock is more appealing than the Age Pension.

Read more »

A man in a sweatshirt holds two different phones to compare telco services.
Dividend Investing

How many Telstra shares do I need to buy to generate $10,000 in passive income?

Telstra pays two fully-franked dividends per year.

Read more »