Australian Major Bank Hybrids Index ETF
- Hybrid
Earn attractive income from major bank hybrids
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* | $9.83 |
* As at 7 December 2023
Profile
| Net assets* ($A) | $317,909,455 |
|---|---|
| Units outstanding* (#) | 32,354,157 |
| 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 7 December 2023
* 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.) | 7.04 |
|---|---|
| Net running yield (% p.a.) | 5.10 |
| All-in yield (% p.a.) | 6.69 |
| Estimated yield to worst (% p.a.) | 6.42 |
| Discount margin (bps) | 233.84 |
Holdings & allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| NABPH | 8.6% |
| NABPI | 7.1% |
| NABPF | 6.8% |
| WBCPJ | 6.2% |
| WBCPK | 6.2% |
| WBCPH | 6.1% |
| CBAPL | 5.6% |
| CBAPK | 5.5% |
| WBCPL | 5.4% |
| AN3PI | 5.3% |
* As at 7 December 2023. Excludes cash
Sector allocation
| CBA | 30.0% |
|---|---|
| WBC | 25.7% |
| NAB | 24.4% |
| ANZ | 20.0% |
* As of 31 October 2023
Performance
Fund returns after fees (%)
| Fund (Net) | Fund (Gross) | Index | |
|---|---|---|---|
| 1 month | 0.96% | 1.10% | 0.97% |
| 3 months | 1.94% | 2.25% | 2.02% |
| 6 months | 4.16% | 4.81% | 4.37% |
| 1 year | 4.48% | 5.93% | 4.79% |
| 3 year p.a. | - | - | 3.56% |
| 5 year p.a. | - | - | 3.75% |
| 10 year p.a. | - | - | 3.77% |
| Since inception (p.a.) | 2.84% | 3.41% | 3.09% |
| Inception date | 21-Apr-21 | - | - |
* As at 30 November 2023.
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* | 4.7% |
| 12 mth gross distribution yield* | 6.0% |
| Franking level | 68.5% |
*As at 31 October 2023. 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.