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BetaShares Australian Major Bank Hybrids Index ETF
Opportunity to earn attractive, tax-efficient monthly income from a portfolio of listed hybrid securities issued by Australia’s ‘Big 4’ banks.
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.
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 23 January 2022
| Current Price | |
|---|---|
| Last Trade* | - |
| % Change (prev day) | - |
| Bid (delayed) | - |
| Offer (delayed) | - |
| ASX iNav Code | YBHY |
* Data is delayed by at least 20 minutes.
Download NAV history
| NAV | |
|---|---|
| NAV/Unit* | $10.06 |
* As at 20 January 2022
Profile
| Net Assets* ($A) | $93,626,369 |
| Units Outstanding* (#) | 9,302,536 |
| Mgmt Costs** (% p.a.) | 0.35% |
| Distribution Frequency | Monthly |
| Distribution Reinvestment Plan (DRP) | Full or partial participation available |
| Issuer | BetaShares Capital Ltd |
| Fund Administrator | Citigroup Pty Limited |
| Custodian | Citigroup Pty Limited |
| Registry | Link Market Services |
| Auditor | KPMG |
* As at 20 January 2022
* As of close of previous day
**Certain additional costs apply. Please refer to PDS.
**Certain additional costs apply. Please refer to PDS.
Trading Information
| ASX Code | BHYB |
| Bloomberg Code | BHYB AU |
| IRESS Code | BHYB.ASX |
| Trading Hours | 10:00-16:00 (AEST) |
| iNAV IRESS Code | YBHY.ASX |
Index Information
| Index | Solactive Australian Banking Preferred Shares Index |
| Index Provider | Solactive AG |
| Index Ticker | N/A |
| Bloomberg Index Ticker | SAUBPFRN Index |
Index Methodology
Portfolio Characteristics
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Gross Running Yield (% p.a.)
Average annual coupon (weighted by market value) of the bonds in the portfolio, divided by the current market price of the bonds (including any accrued interest). Provides an indication of expected income receivable over the next 12 months, however it does not take into account capital gains/losses realisable when a bond is sold or matures. The gross number is inclusive of franking credits and assumes that the full benefit of franking is applicable.
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3.33 |
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Net Running Yield (% p.a.)
Average annual coupon (weighted by market value) of the bonds in the portfolio, divided by the current market price of the bonds (including any accrued interest). Provides an indication of expected income receivable over the next 12 months, however it does not take into account capital gains/losses realisable when a bond is sold or matures. The net number excludes any benefit of franking credits.
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2.33 |
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Yield to Worst (% p.a.)
The annualised total expected return of a bond if it is held to maturity or is called, the bond does not default, and the coupons are reinvested [at the Yield To Worst (YTW)]. The YTW is the lower of either YTM or Yield to Call (YTC), where YTC is calculated in the same way as YTM but replacing the maturity date with the call date. The fund's YTW is the weighted average of its underlying bonds' YTWs. The YTW for FX-hedged exposures reflects the annualised costs and benefits of FX hedging for relevant funds.
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3.63 |
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Discount Margin (bps)
The difference or spread between the expected return of a floating-rate bond and that of its underlying index, expressed as a margin above the underlying reference benchmark rate. The fund's DM is the weighted average of its underlying bonds' DMs. For AUD floating-rate bonds, the reference benchmark rate is typically the Bank Bill Swap Rate (BBSW). For bonds with optionality, this is the DM to first call, where the calculation replaces the bond maturity date with its first call date.
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210.10 |
As at 21 January 2022
Portfolio Holdings
| Name | Weight (%) |
|---|---|
| NABPH | 10.6 |
| CBAPD | 10.1 |
| NABPF | 8.5 |
| WBCPJ | 7.6 |
| WBCPK | 7.5 |
| WBCPH | 7.4 |
| ANZPG | 7.2 |
| ANZPI | 6.5 |
| WBCPI | 6.2 |
| CBAPI | 5.6 |
| Ticker | Name | Weight (%) | Asset Class | Sector | Country | Currency | Shares/Unit (#) | Market Value (AUD) | Notional Value (AUD) |
|---|---|---|---|---|---|---|---|---|---|
| NABPH AT | NABPH | 10.6 | Equity Preference | Financials | Australia | AUD | 94,680 | $10,010,516 | $10,010,516 |
| CBAPD AT | CBAPD | 10.1 | Equity Preference | Financials | Australia | AUD | 93,846 | $9,525,369 | $9,525,369 |
| NABPF AT | NABPF | 8.5 | Equity Preference | Financials | Australia | AUD | 74,436 | $8,024,201 | $8,024,201 |
| WBCPJ AT | WBCPJ | 7.6 | Equity Preference | Financials | Australia | AUD | 68,146 | $7,152,604 | $7,152,604 |
| WBCPK AT | WBCPK | 7.5 | Equity Preference | Financials | Australia | AUD | 69,508 | $7,121,095 | $7,121,095 |
| WBCPH AT | WBCPH | 7.4 | Equity Preference | Financials | Australia | AUD | 67,125 | $6,984,356 | $6,984,356 |
| ANZPG AT | ANZPG | 7.2 | Equity Preference | Financials | Australia | AUD | 64,272 | $6,834,684 | $6,834,684 |
| ANZPI AT | ANZPI | 6.5 | Equity Preference | Financials | Australia | AUD | 59,540 | $6,154,054 | $6,154,054 |
| WBCPI AT | WBCPI | 6.2 | Equity Preference | Financials | Australia | AUD | 56,486 | $5,891,490 | $5,891,490 |
| CBAPI AT | CBAPI | 5.6 | Equity Preference | Financials | Australia | AUD | 51,498 | $5,327,468 | $5,327,468 |
| CBAPH AT | CBAPH | 5.5 | Equity Preference | Financials | Australia | AUD | 49,580 | $5,168,715 | $5,168,715 |
| CBAPG AT | CBAPG | 4.7 | Equity Preference | Financials | Australia | AUD | 42,621 | $4,460,714 | $4,460,714 |
| ANZPF AT | ANZPF | 4.2 | Equity Preference | Financials | Australia | AUD | 38,497 | $4,002,533 | $4,002,533 |
| ANZPH AT | ANZPH | 4.1 | Equity Preference | Financials | Australia | AUD | 36,944 | $3,915,695 | $3,915,695 |
| CBAPJ AT | CBAPJ | 4.0 | Equity Preference | Financials | Australia | AUD | 36,741 | $3,761,544 | $3,761,544 |
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* As at 21 January 2022. Excludes cash
Sector Allocation
| CBA | 29.8% |
| WBC | 21.2% |
| NAB | 19.1% |
| ANZ | 22.2% |
* As of 31 December 2021
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 0.99% | 1.02% |
| 3 months | 1.37% | 1.43% |
| 6 months | 1.97% | 2.06% |
| 1 year | - | 4.68% |
| 3 year p.a | - | 4.26% |
| 5 year p.a | - | 4.19% |
| Since inception | 3.01% | 3.09% |
| Inception date | 21-Apr-21 | - |
* As at 31 December 2021
Chart
Chart Type
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
DISTRIBUTIONS
Yield Information
| Distribution Frequency | Monthly |
| 12 Mth Distribution Yield* (%) | - |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
*As at 31 December 2021. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Franking level is total franking level over the last 12 months. Past performance is not an indicator of future performance.
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 4-Jan-22 | 5-Jan-22 | 19-Jan-22 | $0.01964 | - |
| 1-Dec-21 | 2-Dec-21 | 16-Dec-21 | $0.02005 | - |
| 1-Nov-21 | 2-Nov-21 | 16-Nov-21 | $0.01863 | - |
| 1-Oct-21 | 4-Oct-21 | 18-Oct-21 | $0.01937 | - |
| 1-Sep-21 | 2-Sep-21 | 16-Sep-21 | $0.02059 | - |
| 2-Aug-21 | 3-Aug-21 | 17-Aug-21 | $0.0201 | - |
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.02001 | - |
| 1-Jun-21 | 2-Jun-21 | 17-Jun-21 | $0.02636 | - |
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RESOURCES
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Factsheet - BHYB |
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Fund Flyer - BHYB |
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Product Brochure - BHYB |
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Product Brochure - BHYB (Adviser) |
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Investor Guide to BetaShares Fixed Income Solutions |
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Portfolio Holdings |
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Product Disclosure Statement - BHYB |
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Product Disclosure Statement Update – 20 September 2021 |
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Product Disclosure Statement Update – 4 October 2021 |
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Annual Report - June 2021 |
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NRWT and Fund Payment Notice information - December 2021 distributions |
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NRWT and Fund Payment Notice information - November 2021 distributions |
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NRWT and Fund Payment Notice information - October 2021 distributions |
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NRWT and Fund Payment Notice information - September 2021 distributions |
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NRWT and Fund Payment Notice information - August 2021 distributions |
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NRWT and Fund Payment Notice information - July 2021 distributions |
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NRWT and Fund Payment Notice information - June 2021 distributions |
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NRWT and Fund Payment Notice information - May 2021 distributions |
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