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OVERVIEW

About

The Fund provides investors with a convenient alternative to direct ownership of hybrids by offering access to a professionally managed, diversified portfolio of hybrid securities

  • Invests in an actively managed portfolio of hybrid securities, bonds and cash
  • If the hybrids market is assessed to be overvalued or to present a heightened risk of capital loss, the Fund can allocate more of the portfolio to lower risk securities
  • A complement to or substitute for an existing direct hybrids portfolio offering greater portfolio diversification and risk management
  • A core portfolio allocation providing attractive, tax-efficient income, a relatively high level of capital stability and diversification benefits

Advantages

  • Professionally managed hybrids exposure – access a diversified portfolio of hybrids while seeking to reduce potential downside risk associated with owning hybrids directly
  • Lower volatility – targets volatility of 3% to 4% p.a. – less than one-third of that historically displayed by the Australian sharemarket
  • Risk management- the Investment Manager is able to increase exposure to cash and bonds if required given market conditions
  • Potential for outperformance – Actively managed portfolio aims to deliver total returns that exceed the ASX hybrids market over time
  • Regular, attractive tax-efficient income – Monthly franked income expected to be in excess of that available from cash and senior bonds
  • Liquidity – may benefit from access to superior liquidity compared to directly held hybrids; Fund trades on ASX like any share

How to Invest

  • You can buy or sell units just like you’d buy or sell any share on the ASX
  • Fund requires no minimum investment

KEY FACTS

Pricing Information 16 December 2017

Current Price
Last Trade* $10.07
% Change (prev day) 0.1%
Bid (delayed) $10.06
Offer (delayed) -
iNAV (live)**
iNAV stands for Indicative Net Asset Value. It is updated every 60 seconds and provides an estimate of the net asset value of the Fund during the trading day
$10.042
*Data is delayed by at least 20 minutes.
* As at 15 December 2017 04:14 PM
Download NAV history
NAV
NAV/Unit * $10.04
* As at 15 December 2017

Profile

Net Assets* ($A) $14,784,110
Units Outstanding* (#) 1,472,324
Mgmt Costs** (% p.a.) 0.55%
Distribution Frequency Monthly
Distribution Reinvestment Plan (DRP) Full or partial participation available
Issuer BetaShares Capital Ltd
Investment Manager Coolabah Capital Institutional Investments Pty Ltd
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 15 December 2017
**Certain additional costs apply, including a fee of 15.5% of outperformance above a benchmark.

Trading Information

ASX Code HBRD
Bloomberg Code HBRD AU
IRESS Code HBRD.ASX
Trading Hours 10:00-16:00 (AEST)
iNAV IRESS Code HBRDINAV.ETF
SMSF Eligible Yes

Index Information

Index N/A
Index Provider N/A
Index Ticker N/A
Bloomberg Index Ticker N/A

Portfolio Characteristics

Portfolio Gross Yield (% p.a.)
Average estimated gross yield (weighted by market value and inclusive of franking credits) of the hybrids in the portfolio, divided by the current market price of the securities. Provides an indication of expected current income from making an investment at market price. This figure is indicative only and will vary over time. Not all investors will be able to obtain the full value of franking credits.
5.07%
Portfolio Net Yield (% p.a.)
Average yield (weighted by market value) of the hybrids in the portfolio, divided by the current market price of the securities. Provides an indication of expected current income from making an investment at market price. This value will vary over time.
3.73%
Number of constituents (#) 38
As at 14/12/2017

Top Exposures

Name (In alphabetical order)
ANZPG
ANZPH
BENPF
CBAPD
CBAPE
CBAPF
NABPB
NABPC
NABPD
WBCPG
As at 13 November 2017
The information above shows underlying exposures of the Fund.

Sector Allocation

Bank hybrids
96.6%
Subordinated bonds
3.4%
As at 13 November 2017

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month - -
3 months - -
6 months - -
1 year - -
3 year p.a - -
5 year p.a - -
Since inception (p.a) 0.12% -0.18%
Inception date 13-Nov-17 -
* As at 30 November 2017

Chart

Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

DISTRIBUTIONS

Yield Information

Distribution Frequency Monthly
12 Mth Distribution Yield* (%) -
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
- - - - -
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ANNOUNCEMENTS

ASX Announcements: HBRD

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RESOURCES

Factsheet - HBRD
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Fund Flyer - HBRD
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The Case for HBRD
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Product Disclosure Statement - HBRD
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Portfolio Holdings
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LEARN MORE ABOUT HBRD

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