Australian Major Bank Hybrids Index ETF

BHYB

Earn attractive income from major bank hybrids

Invest

Overview

Fund Objective

BHYB aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of listed hybrid securities issued by Australia’s ‘Big 4’ banks.

Hybrids can be expected to produce risk and return characteristics above those of traditional fixed-income securities like bonds but below those of ordinary shares.

Benefits of BHYB

  • Attractive, tax-efficient income

    BHYB pays income monthly at a rate expected to be significantly higher than cash and senior bonds, along with franking credits.

  • Portfolio diversification

    Hybrids historically have exhibited relatively low correlation to equities, and have generally shown defensive characteristics during market declines.

  • Cost-effective

    Management fees are only 0.35% p.a. ($35 per year for every $10,000 invested)1.

1 Other costs, such as transaction costs, may apply. Refer to the PDS for more information.

There are risks associated with an investment in BHYB, including dividend rate risk, credit risk, hybrids complexity risk and sector concentration risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

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

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)
ASX iNav code YBHY

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $9.84

* As at 1 March 2024

Profile

Net assets* ($A) $354,711,786
Units outstanding* (#) 36,064,776
Management fee and cost** (p.a.) 0.35%
Distribution frequency Monthly
Distribution reinvestment plan (DRP) Full or partial participation available
Issuer Betashares Capital Ltd
Registry Link Market Services

* As at 1 March 2024

* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading information

ASX code BHYB
Bloomberg code BHYB AU
IRESS code BHYB.ASX
iNAV IRESS code YBHY.ASX
Market makers Susquehanna Pacific

Index information

Index Solactive Australian Banking Preferred Shares Index
Index provider Solactive AG
Index ticker N/A
Bloomberg index ticker SAUBPFRN Index

Portfolio characteristics

Gross running yield (% p.a.) 7.25
Net running yield (% p.a.) 5.24
All-in yield (% p.a.) 6.71
Estimated yield to worst (% p.a.) 6.35
Discount margin (bps) 236.93
As at 04 March 2024

Holdings & allocation

Portfolio holdings

Name Weight (%)
NABPH 8.0%
NABPI 6.6%
NABPF 6.3%
WBCPJ 5.7%
CBAPL 5.7%
WBCPM 5.7%
WBCPK 5.7%
CBAPK 5.6%
WBCPH 5.5%
CBAPI 5.4%

* As at 1 March 2024. Excludes cash

Sector allocation

CBA
30.0%
WBC
24.0%
NAB
27.2%
ANZ
18.7%

* As of 31 January 2024

Performance

Fund returns after fees (%)

  Fund (Net) Fund (Gross) Index
1 month 0.24% 0.41% 0.27%
3 months 1.66% 2.08% 1.70%
6 months 2.04% 2.63% 2.19%
1 year 3.15% 4.64% 3.42%
3 year p.a. - - 3.19%
5 year p.a. - - 3.52%
10 year p.a. - - 3.72%
Since inception (p.a.) 2.92% 3.56% 3.16%
Inception date 21-Apr-21 - -

* As at 31 January 2024.
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. Net refers to total return performance net of management fees and net of franking credits, Gross refers to total return performance net of management fees and inclusive of franking credits.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Monthly
12 mth distribution yield* 4.9%
12 mth gross distribution yield* 6.3%
Franking level 68.2%

*As at 31 January 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Mar-24 4-Mar-24 18-Mar-24 $0.041063 -
1-Feb-24 2-Feb-24 16-Feb-24 $0.04702 5.00%
2-Jan-24 3-Jan-24 17-Jan-24 $0.04043 4.89%
1-Dec-23 4-Dec-23 18-Dec-23 $0.040939 4.87%
1-Nov-23 2-Nov-23 16-Nov-23 $0.042957 4.83%
2-Oct-23 3-Oct-23 17-Oct-23 $0.03932 4.73%
1-Sep-23 4-Sep-23 18-Sep-23 $0.044439 4.64%
1-Aug-23 2-Aug-23 16-Aug-23 $0.042612 4.56%
3-Jul-23 4-Jul-23 18-Jul-23 $0.0392 4.40%
1-Jun-23 2-Jun-23 19-Jun-23 $0.041941 4.12%
1-May-23 2-May-23 16-May-23 $0.03612 3.88%
3-Apr-23 4-Apr-23 20-Apr-23 $0.038626 3.69%
1-Mar-23 2-Mar-23 16-Mar-23 $0.033721 3.54%
1-Feb-23 2-Feb-23 16-Feb-23 $0.038036 3.40%
3-Jan-23 4-Jan-23 18-Jan-23 $0.03438 3.19%
1-Dec-22 2-Dec-22 16-Dec-22 $0.033549 3.04%
1-Nov-22 2-Nov-22 16-Nov-22 $0.035146 2.84%
3-Oct-22 4-Oct-22 18-Oct-22 $0.030917 2.71%
1-Sep-22 2-Sep-22 16-Sep-22 $0.030749 2.57%
1-Aug-22 2-Aug-22 16-Aug-22 $0.027454 2.45%
1-Jul-22 4-Jul-22 18-Jul-22 $0.023298 2.34%
1-Jun-22 2-Jun-22 17-Jun-22 $0.020951 2.36%
2-May-22 3-May-22 17-May-22 $0.019455 2.45%
1-Apr-22 4-Apr-22 20-Apr-22 $0.020666 -
1-Mar-22 2-Mar-22 16-Mar-22 $0.017986 -
1-Feb-22 2-Feb-22 16-Feb-22 $0.020228 -
4-Jan-22 5-Jan-22 19-Jan-22 $0.019639 -
1-Dec-21 2-Dec-21 16-Dec-21 $0.020049 -
1-Nov-21 2-Nov-21 16-Nov-21 $0.018632 -
1-Oct-21 4-Oct-21 18-Oct-21 $0.019372 -
1-Sep-21 2-Sep-21 16-Sep-21 $0.02059 -
2-Aug-21 3-Aug-21 17-Aug-21 $0.020101 -
1-Jul-21 2-Jul-21 16-Jul-21 $0.020008 -
1-Jun-21 2-Jun-21 17-Jun-21 $0.026363 -

1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance

Announcements

ASX announcements: BHYB

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