YANK ETF’s 200% Attributed Distribution Backed by 118% Australian Income

Distribution Breakdown Highlights

Betashares Capital Ltd has announced the estimated annual distribution components for its Betashares Strong US Dollar Complex ETF (ASX – YANK) for the financial year ending 30 June 2025. The breakdown reveals a substantial attributed distribution of 200%, reflecting the combined Australian and foreign income components attributed to unitholders.

The Australian income portion dominates the distribution, accounting for approximately 118.19%, entirely composed of interest income subject to non-resident withholding tax. Meanwhile, foreign sourced income contributes an estimated 81.81%, underscoring the fund's exposure to international markets and currency dynamics.

Tax and Cash Distribution Details

Notably, the distribution contains no franking credits, dividends, or capital gains components, which may influence the tax treatment for investors. The fund operates under the Attribution Managed Investment Trust (AMIT) regime, which allows for the attribution of taxable income that may differ from the cash distributed.

The estimated cash distribution is set at 100%, indicating that investors can expect to receive the full amount of cash relative to the fund’s earnings for the year. However, the AMIT cost base adjustment shows a 100% decrease, a technical detail that investors should consider when calculating their cost base for tax purposes.

Investor Implications and Next Steps

Investors should anticipate the forthcoming AMMA statement, which will provide the final and definitive tax component information necessary for accurate tax reporting. The absence of franking credits and capital gains in this distribution may affect the overall tax efficiency of the fund for certain investors.

Given the fund’s significant foreign income component, currency fluctuations and international market conditions will likely continue to play a pivotal role in future distributions. The full cash payout aligns with Betashares’ commitment to delivering transparent and timely income to unitholders.