
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.
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.Â
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.Â
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.
The post 2 monthly income ETFs with yield reaching as high as 9% appeared first on The Motley Fool Australia.
Should you invest $1,000 in Betashares Australian Dividend Harvester Fund right now?
Before you buy Betashares Australian Dividend Harvester Fund shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Betashares Australian Dividend Harvester Fund wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 20 Feb 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- 3 of the best ASX ETFs for income investors
- 3 of the best dividend ASX ETFs right now
- 3 ASX monthly dividend stocks yielding over 5%
- Shift your focus to passive income with these dividend ASX ETFs
- Passive income: How much would I need to invest in ASX shares to earn $1,000 every month?
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.








