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 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.

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 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.
3.33
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.
2.33
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.
3.63
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.
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
Download CSV
* 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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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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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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LEARN MORE ABOUT BHYB

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