Australian Major Bank Hybrids Index ETF | ASX BHYB | BetaShares
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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 28 June 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* $9.64
* As at 27 June 2022

Profile

Net Assets* ($A) $156,274,978
Units Outstanding* (#) 16,208,313
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 27 June 2022
* 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
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

Gross Running Yield (% p.a.)
Average annual coupon (weighted by market value) of the securities in the portfolio, divided by the current market price of the securities (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 security is sold or matures. The gross number is inclusive of franking credits and assumes that the full benefit of franking is applicable.
5.08
Net Running Yield (% p.a.)
Average annual coupon (weighted by market value) of the securities in the portfolio, divided by the current market price of the securities (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 security is sold or matures. The net number excludes any benefit of franking credits.
3.55
All-in yield (% p.a.)
The sum of a floating-rate security's Discount Margin and its reference benchmark rate. The fund's all-in yield is the weighted average of its underlying securities' all-in yields.
4.84
Discount Margin (bps)
The difference or spread between the expected return of a floating-rate security 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 securities' DMs. For AUD floating-rate securities, the reference benchmark rate is typically the Bank Bill Swap Rate (BBSW). For securities with optionality, this is the DM to first call, where the calculation replaces the security maturity date with its first call date.
307.22
As at 28 June 2022

Portfolio Holdings

Name Weight (%)
NABPHATEQUITY 10.3
NABPFATEQUITY 8.2
WBCPJATEQUITY 7.4
WBCPKATEQUITY 7.3
WBCPHATEQUITY 7.2
ANZPGATEQUITY 7.2
CBAPKATEQUITY 6.8
CBAPIATEQUITY 6.5
CBAPHATEQUITY 6.5
ANZPIATEQUITY 6.4
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
NABPHATEQUITY NABPHATEQUITY 10.3 Equity Preference Financials Australia AUD 162,113 $16,242,101 $16,242,101
NABPFATEQUITY NABPFATEQUITY 8.2 Equity Preference Financials Australia AUD 127,113 $12,998,575 $12,998,575
WBCPJATEQUITY WBCPJATEQUITY 7.4 Equity Preference Financials Australia AUD 117,038 $11,692,213 $11,692,213
WBCPKATEQUITY WBCPKATEQUITY 7.3 Equity Preference Financials Australia AUD 118,671 $11,551,435 $11,551,435
WBCPHATEQUITY WBCPHATEQUITY 7.2 Equity Preference Financials Australia AUD 114,454 $11,468,291 $11,468,291
ANZPGATEQUITY ANZPGATEQUITY 7.2 Equity Preference Financials Australia AUD 109,871 $11,348,576 $11,348,576
CBAPKATEQUITY CBAPKATEQUITY 6.8 Equity Preference Financials Australia AUD 111,171 $10,705,767 $10,705,767
CBAPIATEQUITY CBAPIATEQUITY 6.5 Equity Preference Financials Australia AUD 104,459 $10,332,040 $10,332,040
CBAPHATEQUITY CBAPHATEQUITY 6.5 Equity Preference Financials Australia AUD 101,073 $10,284,178 $10,284,178
ANZPIATEQUITY ANZPIATEQUITY 6.4 Equity Preference Financials Australia AUD 101,851 $10,113,804 $10,113,804
WBCPIATEQUITY WBCPIATEQUITY 6.3 Equity Preference Financials Australia AUD 97,098 $9,894,286 $9,894,286
CBAPGATEQUITY CBAPGATEQUITY 5.5 Equity Preference Financials Australia AUD 86,470 $8,732,605 $8,732,605
ANZPJATEQUITY ANZPJATEQUITY 5.4 Equity Preference Financials Australia AUD 89,161 $8,514,876 $8,514,876
CBAPJATEQUITY CBAPJATEQUITY 4.7 Equity Preference Financials Australia AUD 75,167 $7,382,151 $7,382,151
ANZPHATEQUITY ANZPHATEQUITY 4.1 Equity Preference Financials Australia AUD 63,010 $6,464,826 $6,464,826
Download CSV
* As at 27 June 2022. Excludes cash

Sector Allocation

CBA
30.1%
WBC
28.3%
NAB
18.6%
ANZ
23.0%
* As of 31 May 2022

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -1.54% -1.54%
3 months -1.25% -1.21%
6 months -0.73% -0.63%
1 year 1.04% 1.21%
3 year p.a - 2.66%
5 year p.a - 3.36%
Since inception (p.a) 1.13% 1.27%
Inception date 21-Apr-21 -
* As at 31 May 2022

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* (%) 2.5%
12 Mth Gross Distribution Yield* (%) 3.1%
Franking Level 64.0%
*As at 31 May 2022. 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-Jun-22 2-Jun-22 17-Jun-22 $0.02095 2.36%
2-May-22 3-May-22 17-May-22 $0.01945 2.45%
1-Apr-22 4-Apr-22 20-Apr-22 $0.02067 -
1-Mar-22 2-Mar-22 16-Mar-22 $0.01799 -
1-Feb-22 2-Feb-22 16-Feb-22 $0.02023 -
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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ANNOUNCEMENTS

ASX Announcements: BHYB

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RESOURCES

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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Interim Financial Report - December 2021
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Annual Report - June 2021
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NRWT and Fund Payment Notice information - May 2022 distributions
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NRWT and Fund Payment Notice information - April 2022 distributions
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NRWT and Fund Payment Notice information - March 2022 distributions
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NRWT and Fund Payment Notice information - February 2022 distributions
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NRWT and Fund Payment Notice information - January 2022 distributions
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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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LEARN MORE ABOUT BHYB

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