Global Agriculture ETF - Currency Hedged | BetaShares
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OVERVIEW

About

Provides simple, cost-effective and transparent exposure to the largest companies in the global Agriculture sector

  • Tactical exposure to the global agriculture sector
  • A core component of a global equities allocation providing transparency and diversification benefits

Advantages

  • Access – simple way to access a diversified portfolio of the world’s largest agriculture companies
  • Reduced currency risk – foreign currency exposure hedged to the Australian dollar
  • Diversification – with a single trade, investors can get exposure to a diversified portfolio of agriculture companies from a broad range of global locations
  • Cost effective – Fund aims to track the performance of an index (no ‘active manager’ fees)
  • Larger company exposure – strategy invests only in the most significant agriculture companies globally
  • No W-8 BEN forms and no US estate tax implications for investors – simplified tax administration, unlike cross-listed alternatives
  • Liquidity – available to trade on ASX like any share

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 12 November 2019

Current Price
Last Trade* $5.83
% Change (prev day) 0%
Bid (delayed) $5.67
Offer (delayed) $6.00
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $5.86
* As at 8 November 2019

Profile

Net Assets* ($A) $21,164,143
Units Outstanding* (#) 3,614,004
Mgmt Costs** (% p.a.) 0.57%
Distribution Frequency Semi-annual
Distribution Reinvestment Plan (DRP) Full or partial participation available
Issuer BetaShares Capital Ltd
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 8 November 2019
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code FOOD
Bloomberg Code FOOD AU
IRESS Code FOOD.AXW
Trading Hours 10.00-16.00 (AEST)
iNAV IRESS Code N/A
Market Makers Deustsche Securities
SMSF Eligible Yes

Index Information

Index Nasdaq Global ex-Australia Agriculture Companies Hedged AUD Index
Index Provider Nasdaq
Index Ticker N/A
Bloomberg Index Ticker NQXAUHAN INDEX
Index Methodology

Portfolio Holdings

Name Weight (%)
DEERE & CO 8.8
NUTRIEN LTD 7.3
ARCHER-DANIELS-MIDLAND CO 7.2
TYSON FOODS INC 6.8
KUBOTA CORP 6.0
FMC CORP 4.2
MARUBENI CORP 4.2
HORMEL FOODS CORP 3.7
WH GROUP LTD 3.4
MOWI ASA 3.3
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
DE UN DEERE & CO 8.8 Equities Industrials United States USD 7,138 $1,873,595 $1,873,595
NTR CT NUTRIEN LTD 7.3 Equities Materials Canada CAD 21,913 $1,549,914 $1,549,914
ADM UN ARCHER-DANIELS-MIDLAND CO 7.2 Equities Consumer Staples United States USD 23,905 $1,519,102 $1,519,102
TSN UN TYSON FOODS INC 6.8 Equities Consumer Staples United States USD 11,884 $1,435,275 $1,435,275
6326 JP KUBOTA CORP 6.0 Equities Industrials Japan JPY 55,800 $1,281,595 $1,281,595
FMC US FMC CORP 4.2 Equities Materials United States USD 6,228 $900,196 $900,196
8002 JT MARUBENI CORP 4.2 Equities Industrials Japan JPY 83,000 $895,763 $895,763
HRL UN HORMEL FOODS CORP 3.7 Equities Consumer Staples United States USD 12,975 $788,350 $788,350
288 HK WH GROUP LTD 3.4 Equities Consumer Staples Hong Kong HKD 456,500 $715,357 $715,357
MOWI NO MOWI ASA 3.3 Equities Consumer Staples Norway NOK 19,014 $693,216 $693,216
CF UN CF INDUSTRIES HOLDINGS INC 2.9 Equities Materials United States USD 8,966 $607,986 $607,986
BNZL LN BUNZL PLC 2.7 Equities Industrials Britain GBP 14,599 $564,629 $564,629
BNR GY BRENNTAG AG 2.6 Equities Industrials Germany EUR 7,069 $549,761 $549,761
MOS UN MOSAIC CO/THE 2.4 Equities Materials United States USD 16,914 $516,803 $516,803
BG UN BUNGE LTD 2.4 Equities Consumer Staples United States USD 6,137 $500,098 $500,098
JBSAY UV JBS SA 2.3 Equities Consumer Staples United States USD 24,825 $482,366 $482,366
YAR NO YARA INTERNATIONAL ASA 2.1 Equities Materials Norway NOK 7,610 $445,302 $445,302
INGR UN INGREDION INC 1.7 Equities Consumer Staples United States USD 2,925 $361,504 $361,504
BRFS UN BRF SA 1.6 Equities Consumer Staples Brazil USD 28,625 $348,515 $348,515
AGCO UN AGCO CORP 1.5 Equities Industrials United States USD 2,762 $323,658 $323,658
2282 JT NH FOODS LTD 1.4 Equities Consumer Staples Japan JPY 4,500 $295,212 $295,212
SMG UN SCOTTS MIRACLE-GRO CO/THE 1.3 Equities Materials United States USD 1,791 $277,775 $277,775
IMCD NA IMCD NV 1.2 Equities Industrials Netherlands EUR 2,280 $264,249 $264,249
2810 JT HOUSE FOODS GROUP INC 1.0 Equities Consumer Staples Japan JPY 3,900 $207,291 $207,291
DAR UN DARLING INGREDIENTS INC 0.9 Equities Consumer Staples United States USD 5,899 $197,810 $197,810
UNVR US UNIVAR INC 0.9 Equities Industrials United States USD 5,636 $196,396 $196,396
SAFM UW SANDERSON FARMS INC 0.9 Equities Consumer Staples United States USD 807 $184,503 $184,503
2811 JT KAGOME CO LTD 0.8 Equities Consumer Staples Japan JPY 4,700 $170,842 $170,842
PEP MK PPB GROUP BHD 0.8 Equities Consumer Staples Malaysia MYR 26,060 $165,906 $165,906
SALM NO SALMAR ASA 0.8 Equities Consumer Staples Norway NOK 2,261 $161,214 $161,214
BAKKA NO BAKKAFROST P/F 0.7 Equities Consumer Staples Faroe Islands NOK 1,574 $158,369 $158,369
GNS LN GENUS PLC 0.7 Equities Healthcare Britain GBP 2,716 $152,902 $152,902
PBH CT PREMIUM BRANDS HOLDINGS CORP 0.7 Equities Consumer Staples Canada CAD 1,640 $148,060 $148,060
IOI MK IOI CORP BHD 0.7 Equities Consumer Staples Malaysia MYR 92,400 $142,999 $142,999
OCI NA OCI NV 0.6 Equities Materials Netherlands EUR 3,991 $133,269 $133,269
CWK LN CRANSWICK PLC 0.6 Equities Consumer Staples Britain GBP 2,232 $132,859 $132,859
8012 JT NAGASE & CO LTD 0.6 Equities Industrials Japan JPY 6,000 $129,572 $129,572
LSG NO LEROY SEAFOOD GROUP ASA 0.6 Equities Consumer Staples Norway NOK 11,871 $120,712 $120,712
PPC UW PILGRIM'S PRIDE CORP 0.6 Equities Consumer Staples United States USD 2,603 $119,244 $119,244
1332 JT NIPPON SUISAN KAISHA LTD 0.5 Equities Consumer Staples Japan JPY 13,600 $116,532 $116,532
VIS SQ VISCOFAN SA 0.5 Equities Consumer Staples Spain EUR 1,456 $115,814 $115,814
AVI SJ AVI LTD 0.5 Equities Consumer Staples South Africa ZAR 13,314 $111,218 $111,218
1377 JP SAKATA SEED CORP 0.4 Equities Consumer Staples Japan JPY 1,900 $93,102 $93,102
097950 KP CJ CHEILJEDANG CORP 0.4 Equities Consumer Staples South Korea KRW 307 $91,520 $91,520
MFI CT MAPLE LEAF FOODS INC 0.4 Equities Consumer Staples Canada CAD 3,599 $90,174 $90,174
2296 JT ITOHAM YONEKYU HOLDINGS INC 0.4 Equities Consumer Staples Japan JPY 8,600 $82,670 $82,670
1333 JP MARUHA NICHIRO CORP 0.4 Equities Consumer Staples Japan JPY 2,100 $81,816 $81,816
SCHO DC SCHOUW & CO A/S 0.4 Equities Consumer Staples Denmark DKK 690 $77,944 $77,944
GGR SP GOLDEN AGRI-RESOURCES LTD 0.4 Equities Consumer Staples Singapore SGD 314,200 $77,547 $77,547
CALM UW CAL-MAINE FOODS INC 0.4 Equities Consumer Staples United States USD 1,230 $75,093 $75,093
OLAM SP OLAM INTERNATIONAL LTD 0.3 Equities Consumer Staples Singapore SGD 36,300 $70,894 $70,894
QLG MK QL RESOURCES BHD 0.3 Equities Consumer Staples Malaysia MYR 26,200 $68,562 $68,562
AUSS NO AUSTEVOLL SEAFOOD ASA 0.3 Equities Consumer Staples Norway NOK 4,213 $65,183 $65,183
GSF NO GRIEG SEAFOOD ASA 0.3 Equities Consumer Staples Norway NOK 2,358 $55,214 $55,214
IBA UN INDUSTRIAS BACHOCO SAB DE CV 0.2 Equities Consumer Staples Mexico USD 639 $46,904 $46,904
FR SP FIRST RESOURCES LTD 0.2 Equities Consumer Staples Singapore SGD 22,200 $41,213 $41,213
43 HK CP POKPHAND CO LTD 0.2 Equities Consumer Staples Hong Kong HKD 308,000 $39,072 $39,072
GENP MK GENTING PLANTATIONS BHD 0.2 Equities Consumer Staples Malaysia MYR 10,400 $37,092 $37,092
JPY JPY - Japanese Yen 0.1 Cash JPY 1,612,911 $21,594 $21,594
USD USD - United States Dollar 0.1 Cash USD 11,333 $16,545 $16,545
NOK NOK - Norwegian Krone 0.1 Cash NOK 78,281 $12,512 $12,512
AUD AUD - Australia Dollar 0.0 Cash AUD 3,910 $3,910 $3,910
GBP GBP - British Pound 0.0 Cash GBP 1,619 $3,037 $3,037
EUR EUR - Euro 0.0 Cash EUR 1,515 $2,441 $2,441
HKD HKD - Hong Kong Dollar 0.0 Cash HKD 11,451 $2,136 $2,136
CAD CAD - Canada Dollar 0.0 Cash CAD 1,802 $1,988 $1,988
MYR MYR - Malaysian Ringgit 0.0 Cash MYR 4,158 $1,462 $1,462
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 9,624 $944 $944
SGD SGD - Singapore Dollar 0.0 Cash SGD 662 $710 $710
CHF CHF - Swiss Franc 0.0 Cash CHF 277 $407 $407
DKK DKK - Danish Krone 0.0 Cash DKK 1,320 $285 $285
KRW KRW - Korean Won Cash KRW 1 $0 $0
AUD AUD - Australia Dollar FX Forwards AUD 19,824,649 $19,824,649
CAD CAD - Canada Dollar FX Forwards CAD -1,652,931 -$1,823,622
EUR EUR - Euro FX Forwards EUR -630,892 -$1,016,256
GBP GBP - British Pound FX Forwards GBP -439,076 -$823,952
HKD HKD - Hong Kong Dollar FX Forwards HKD -4,101,594 -$765,166
JPY JPY - Japanese Yen FX Forwards JPY -250,024,794 -$3,347,411
NOK NOK - Norwegian Krone FX Forwards NOK -10,499,139 -$1,678,122
USD USD - United States Dollar FX Forwards USD -7,155,526 -$10,446,023
Download CSV
* As at 11 November 2019

Sector Allocation

Packaged Foods & Meats
35.8%
Fertilizers & Agricultural Chemicals
21.5%
Agricultural & Farm Machinery
16.0%
Agricultural Products
14.0%
Trading Companies & Distributors
11.6%
Biotechnology
0.7%
Food Distributors
0.3%
* As of 30 September 2019

Country Allocation

United States
49.3%
Japan
15.4%
Canada
9.1%
Norway
7.1%
Britain
3.9%
Hong Kong
3.1%
Germany
2.4%
Malaysia
2.0%
Netherlands
1.9%
Other
5.9%
* As of 30 September 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.05% -0.03%
3 months -0.85% -0.53%
6 months -1.16% -1.03%
1 year 3.14% 3.49%
3 year p.a 5.76% 5.96%
5 year p.a - 4.83%
Since inception (p.a) 6.22% 6.39%
Inception date 2-Aug-16 -
* As at 31 October 2019

Chart

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 Semi-Annual
12 Mth Distribution Yield* (%) 0.5%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 September 2019. 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. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
2-Jan-19 3-Jan-19 17-Jan-19 $0.02731 3.20%
2-Jul-18 3-Jul-18 17-Jul-18 $0.18376 3.48%
2-Jan-18 3-Jan-18 17-Jan-18 $0.00968 1.33%
3-Jul-17 4-Jul-17 18-Jul-17 $0.05522 -
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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. It is calculated as the difference between total Fund return and NAV return. NAV return is the change in the Fund's NAV price. Total return is the NAV return plus reinvestment of all distributions back to the Fund. Past performance not indicative of future performance.

ANNOUNCEMENTS

ASX Announcements: FOOD

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RESOURCES

Factsheet - FOOD
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Fund Flyer - FOOD
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Portfolio Holdings
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The Investment Case for FOOD
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Whitepaper | The How and Why of Investing in Agriculture
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Product Disclosure Statement - Global Sector Series
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Annual Report - June 2019
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NRWT and Fund Payment Notice information – December 2018 distributions
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Notice of Modifications to Fund Constitution – AMIT Tax Regime
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Index methodology
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2018 Distribution Calendar
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Interim Financial Report 2018
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