BetaShares Active Australian Hybrids Fund (managed fund) | HBRD | BetaShares ETFs
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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 19 October 2019

Current Price
Last Trade* $10.21
% Change (prev day) -0.1%
Bid (delayed) $10.20
Offer (delayed) $10.25
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
$10.200
*Data is delayed by at least 20 minutes.
* As at 18 October 2019 04:14 PM
Download NAV history
NAV
NAV/Unit * $10.20
* As at 17 October 2019

Profile

Net Assets* ($A) $553,716,862
Units Outstanding* (#) 54,265,493
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 17 October 2019
**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 Solactive Australian Hybrid Securities Index
Index Provider Solactive AG
Index Ticker HBRD
Bloomberg Index Ticker HBRD.AU

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.
3.84%
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.
2.81%
Number of constituents (#) 54
As at 17 October 2019

Portfolio Holdings

Name (in alphabetical order)
ANZPE
ANZPF
ANZPG
CBAPD
CBAPG
CBAPH
NABPD
NABPF
WBCPH
WBCPI
* As at 30 September 2019

Sector Allocation

Preference Shares
77.6%
Capital Notes
0.8%
Senior Bonds
13.2%
Subordinated Bonds
3.0%
Cash
5.3%
* As of 30 September 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund (Net) Fund (Gross) Index
1 month 0.21% 0.23% 0.22%
3 months 0.95% 1.10% 1.16%
6 months 4.12% 4.63% 4.41%
1 year 5.70% 6.87% 6.34%
3 year p.a - - -
5 year p.a - - -
Since inception (p.a) 5.02% 6.03% 5.33%
Inception date 13-Nov-17 - -
* As at 30 September 2019

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* (%) 3.6%
12 Mth Gross Distribution Yield* (%) 4.7%
Franking Level 68.9%
*As at 30 September 2019. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Franking level is total franking level over the last 12 months. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Oct-19 2-Oct-19 16-Oct-19 $0.02607 3.81%
2-Sep-19 3-Sep-19 17-Sep-19 $0.02655 3.85%
1-Aug-19 2-Aug-19 16-Aug-19 $0.02787 3.94%
1-Jul-19 2-Jul-19 16-Jul-19 $0.02874 4.04%
3-Jun-19 4-Jun-19 19-Jun-19 $0.03156 4.07%
1-May-19 2-May-19 16-May-19 $0.03307 4.05%
1-Apr-19 2-Apr-19 16-Apr-19 $0.03175 4.07%
1-Mar-19 4-Mar-19 18-Mar-19 $0.03064 3.96%
1-Feb-19 4-Feb-19 18-Feb-19 $0.0334 3.95%
2-Jan-19 3-Jan-19 17-Jan-19 $0.03312 3.94%
3-Dec-18 4-Dec-18 18-Dec-18 $0.03136 4.08%
1-Nov-18 2-Nov-18 16-Nov-18 $0.03499 -
1-Oct-18 2-Oct-18 16-Oct-18 $0.03024 -
3-Sep-18 4-Sep-18 18-Sep-18 $0.03311 -
1-Aug-18 2-Aug-18 16-Aug-18 $0.03496 -
2-Jul-18 3-Jul-18 17-Jul-18 $0.03179 -
1-Jun-18 4-Jun-18 19-Jun-18 $0.03322 -
1-May-18 2-May-18 16-May-18 $0.03412 -
3-Apr-18 4-Apr-18 18-Apr-18 $0.03022 -
1-Mar-18 2-Mar-18 16-Mar-18 $0.02884 -
1-Feb-18 2-Feb-18 16-Feb-18 $0.03323 -
2-Jan-18 3-Jan-18 17-Jan-18 $0.04807 -
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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 Updates - HBRD
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Product Disclosure Statement - HBRD
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Annual Report - June 2019
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NRWT and Fund Payment Notice information - September 2019 distributions
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NRWT and Fund Payment Notice information - August 2019 distributions
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NRWT and Fund Payment Notice information - July 2019 distributions
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NRWT and Fund Payment Notice information - June 2019 distributions
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NRWT and Fund Payment Notice information – May 2019 distributions
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NRWT and Fund Payment Notice information – April 2019 distributions
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NRWT and Fund Payment Notice information – March 2019 distributions
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NRWT and Fund Payment Notice information - February 2019 Distribution
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NRWT and Fund Payment Notice information - January 2019 Distribution
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NRWT and Fund Payment Notice information – December 2018 distributions
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NRWT and Fund Payment Notice information – November 2018 distributions
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NRWT and Fund Payment Notice information – October 2018 distributions
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2018 Distribution Calendar
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Interim Financial Report 2018
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LEARN MORE ABOUT HBRD

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