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 23 January 2020

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $5.94
* As at 20 January 2020

Profile

Net Assets* ($A) $20,276,449
Units Outstanding* (#) 3,415,611
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 20 January 2020
**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 8.1
NUTRIEN LTD 7.8
ARCHER-DANIELS-MIDLAND CO 7.3
TYSON FOODS INC 7.2
KUBOTA CORP 6.1
HORMEL FOODS CORP 4.1
MARUBENI CORP 4.1
FMC CORP 3.9
WH GROUP LTD 3.3
MOWI ASA 3.2
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
DE UN DEERE & CO 8.1 Equities Industrials United States USD 6,522 $1,644,173 $1,644,173
NTR CT NUTRIEN LTD 7.8 Equities Materials Canada CAD 23,219 $1,583,055 $1,583,055
ADM UN ARCHER-DANIELS-MIDLAND CO 7.3 Equities Consumer Staples United States USD 22,572 $1,487,872 $1,487,872
TSN UN TYSON FOODS INC 7.2 Equities Consumer Staples United States USD 11,575 $1,479,131 $1,479,131
6326 JP KUBOTA CORP 6.1 Equities Industrials Japan JPY 52,800 $1,242,080 $1,242,080
HRL UN HORMEL FOODS CORP 4.1 Equities Consumer Staples United States USD 12,307 $844,140 $844,140
8002 JT MARUBENI CORP 4.1 Equities Industrials Japan JPY 75,200 $827,811 $827,811
FMC US FMC CORP 3.9 Equities Materials United States USD 5,594 $802,120 $802,120
288 HK WH GROUP LTD 3.3 Equities Consumer Staples Hong Kong HKD 434,500 $669,103 $669,103
MOWI NO MOWI ASA 3.2 Equities Consumer Staples Norway NOK 18,083 $654,365 $654,365
BNZL LN BUNZL PLC 2.7 Equities Industrials Britain GBP 13,765 $542,910 $542,910
CF UN CF INDUSTRIES HOLDINGS INC 2.6 Equities Materials United States USD 8,294 $536,172 $536,172
BNR GY BRENNTAG AG 2.6 Equities Industrials Germany EUR 6,666 $525,985 $525,985
MOS UN MOSAIC CO/THE 2.4 Equities Materials United States USD 15,653 $483,654 $483,654
JBSAY UV JBS SA 2.4 Equities Consumer Staples United States USD 24,165 $483,300 $483,300
BG UN BUNGE LTD 2.3 Equities Consumer Staples United States USD 5,790 $477,157 $477,157
YAR NO YARA INTERNATIONAL ASA 1.9 Equities Materials Norway NOK 7,016 $395,301 $395,301
INGR UN INGREDION INC 1.8 Equities Consumer Staples United States USD 2,760 $370,675 $370,675
BRFS UN BRF SA 1.8 Equities Consumer Staples Brazil USD 29,317 $357,629 $357,629
AGCO UN AGCO CORP 1.4 Equities Industrials United States USD 2,641 $282,041 $282,041
IMCD NA IMCD NV 1.3 Equities Industrials Netherlands EUR 2,149 $274,148 $274,148
2282 JT NH FOODS LTD 1.3 Equities Consumer Staples Japan JPY 4,300 $270,755 $270,755
SMG UN SCOTTS MIRACLE-GRO CO/THE 1.3 Equities Materials United States USD 1,699 $270,723 $270,723
DAR UN DARLING INGREDIENTS INC 1.2 Equities Consumer Staples United States USD 5,624 $237,366 $237,366
BAKKA NO BAKKAFROST P/F 1.0 Equities Consumer Staples Faroe Islands NOK 1,772 $199,737 $199,737
UNVR US UNIVAR SOLUTIONS INC 0.9 Equities Industrials United States USD 5,718 $192,299 $192,299
2810 JT HOUSE FOODS GROUP INC 0.9 Equities Consumer Staples Japan JPY 3,600 $175,933 $175,933
SAFM UW SANDERSON FARMS INC 0.8 Equities Consumer Staples United States USD 761 $169,810 $169,810
PBH CT PREMIUM BRANDS HOLDINGS CORP 0.8 Equities Consumer Staples Canada CAD 1,501 $158,052 $158,052
PEP MK PPB GROUP BHD 0.8 Equities Consumer Staples Malaysia MYR 23,760 $158,054 $158,054
SALM NO SALMAR ASA 0.8 Equities Consumer Staples Norway NOK 2,089 $157,431 $157,431
GNS LN GENUS PLC 0.8 Equities Healthcare Britain GBP 2,636 $156,202 $156,202
2811 JT KAGOME CO LTD 0.7 Equities Consumer Staples Japan JPY 4,200 $144,768 $144,768
IOI MK IOI CORP BHD 0.7 Equities Consumer Staples Malaysia MYR 85,800 $143,610 $143,610
CWK LN CRANSWICK PLC 0.7 Equities Consumer Staples Britain GBP 2,019 $134,028 $134,028
VIS SQ VISCOFAN SA 0.6 Equities Consumer Staples Spain EUR 1,475 $119,633 $119,633
8012 JT NAGASE & CO LTD 0.6 Equities Industrials Japan JPY 5,600 $118,629 $118,629
AVI SJ AVI LTD 0.5 Equities Consumer Staples South Africa ZAR 12,572 $110,386 $110,386
LSG NO LEROY SEAFOOD GROUP ASA 0.5 Equities Consumer Staples Norway NOK 11,021 $108,618 $108,618
OCI NA OCI NV 0.5 Equities Materials Netherlands EUR 3,705 $107,395 $107,395
1332 JT NIPPON SUISAN KAISHA LTD 0.5 Equities Consumer Staples Japan JPY 12,700 $103,189 $103,189
PPC UW PILGRIM'S PRIDE CORP 0.5 Equities Consumer Staples United States USD 2,419 $101,708 $101,708
MFI CT MAPLE LEAF FOODS INC 0.5 Equities Consumer Staples Canada CAD 3,345 $92,869 $92,869
097950 KP CJ CHEILJEDANG CORP 0.4 Equities Consumer Staples South Korea KRW 285 $89,321 $89,321
1377 JP SAKATA SEED CORP 0.4 Equities Consumer Staples Japan JPY 1,800 $85,932 $85,932
QLG MK QL RESOURCES BHD 0.4 Equities Consumer Staples Malaysia MYR 29,300 $84,851 $84,851
2296 JT ITOHAM YONEKYU HOLDINGS INC 0.4 Equities Consumer Staples Japan JPY 8,000 $77,022 $77,022
SCHO DC SCHOUW & CO A/S 0.4 Equities Consumer Staples Denmark DKK 640 $76,953 $76,953
GGR SP GOLDEN AGRI-RESOURCES LTD 0.4 Equities Consumer Staples Singapore SGD 291,700 $72,601 $72,601
OLAM SP OLAM INTERNATIONAL LTD 0.3 Equities Consumer Staples Singapore SGD 33,700 $69,289 $69,289
1333 JP MARUHA NICHIRO CORP 0.3 Equities Consumer Staples Japan JPY 1,900 $69,154 $69,154
CALM UW CAL-MAINE FOODS INC 0.3 Equities Consumer Staples United States USD 1,083 $62,037 $62,037
AUSS NO AUSTEVOLL SEAFOOD ASA 0.3 Equities Consumer Staples Norway NOK 3,911 $58,027 $58,027
GSF NO GRIEG SEAFOOD ASA 0.2 Equities Consumer Staples Norway NOK 2,140 $49,008 $49,008
IBA UN INDUSTRIAS BACHOCO SAB DE CV 0.2 Equities Consumer Staples Mexico USD 590 $43,588 $43,588
FR SP FIRST RESOURCES LTD 0.2 Equities Consumer Staples Singapore SGD 20,900 $39,805 $39,805
43 HK CP POKPHAND CO LTD 0.2 Equities Consumer Staples Hong Kong HKD 276,000 $37,884 $37,884
GENP MK GENTING PLANTATIONS BHD 0.2 Equities Consumer Staples Malaysia MYR 9,900 $37,328 $37,328
USD USD - UNITED STATES DOLLAR 0.1 Cash USD 11,516 $16,824 $16,824
JPY JPY - JAPANESE YEN 0.1 Cash JPY 1,124,079 $14,948 $14,948
CAD CAD - CANADA DOLLAR 0.1 Cash CAD 12,423 $13,885 $13,885
GBP GBP - BRITISH POUND 0.0 Cash GBP 3,388 $6,455 $6,455
EUR EUR - EURO 0.0 Cash EUR 1,244 $2,014 $2,014
AUD AUD - AUSTRALIA DOLLAR 0.0 Cash AUD 1,712 $1,712 $1,712
ZAR ZAR - SOUTH AFRICA RAND 0.0 Cash ZAR 8,935 $900 $900
SGD SGD - SINGAPORE DOLLAR 0.0 Cash SGD 507 $549 $549
HKD HKD - HONG KONG DOLLAR 0.0 Cash HKD 2,655 $499 $499
CHF CHF - SWISS FRANC 0.0 Cash CHF 276 $417 $417
NOK NOK - NORWEGIAN KRONE 0.0 Cash NOK 1,818 $295 $295
DKK DKK - DANISH KRONE 0.0 Cash DKK 1,170 $253 $253
KRW KRW - KOREAN WON Cash KRW 1 $0 $0
MYR MYR - MALAYSIAN RINGGIT Cash MYR 0 -$0 -$0
AUD AUD - AUSTRALIA DOLLAR FX Forwards AUD 19,495,963 $19,495,963
CAD CAD - CANADA DOLLAR FX Forwards CAD -1,694,139 -$1,893,527
EUR EUR - EURO FX Forwards EUR -636,819 -$1,030,952
GBP GBP - BRITISH POUND FX Forwards GBP -443,703 -$845,422
HKD HKD - HONG KONG DOLLAR FX Forwards HKD -3,681,945 -$692,303
JPY JPY - JAPANESE YEN FX Forwards JPY -232,314,417 -$3,089,329
NOK NOK - NORWEGIAN KRONE FX Forwards NOK -10,208,355 -$1,658,021
USD USD - UNITED STATES DOLLAR FX Forwards USD -7,287,380 -$10,646,282
Download CSV
* As at 21 January 2020

Sector Allocation

Packaged Foods & Meats
35.7%
Fertilizers & Agricultural Chemicals
21.0%
Agricultural & Farm Machinery
15.4%
Agricultural Products
14.7%
Trading Companies & Distributors
12.0%
Biotechnology
0.8%
Food Distributors
0.3%
* As of 31 December 2019

Country Allocation

United States
49.2%
Japan
15.0%
Canada
9.2%
Norway
7.2%
Britain
4.1%
Hong Kong
3.3%
Germany
2.6%
Malaysia
2.0%
Netherlands
1.9%
Other
5.7%
* As of 31 December 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 2.60% 2.49%
3 months 4.70% 4.76%
6 months 5.09% 5.54%
1 year 16.43% 17.03%
3 year p.a 5.33% 5.50%
5 year p.a - 5.05%
Since inception (p.a) 7.33% 7.54%
Inception date 2-Aug-16 -
* As at 31 December 2019

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 Semi-Annual
12 Mth Distribution Yield* (%) 0.5%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 December 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-20 3-Jan-20 17-Jan-20 $0.03418 0.67%
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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NRWT and Fund Payment Notice information - December 2019 distributions
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