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 24 May 2019

Current Price
Last Trade* $5.45
% Change (prev day) 0%
Bid (delayed) $5.26
Offer (delayed) $5.80
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $5.45
* As at 22 May 2019

Profile

Net Assets* ($A) $18,595,787
Units Outstanding* (#) 3,414,004
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 22 May 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 (%)
TYSON FOODS INC 7.6
ARCHER-DANIELS-MIDLAND CO 7.1
DEERE & CO 6.8
KUBOTA CORP 6.5
MARUBENI CORP 4.2
HORMEL FOODS CORP 3.7
WH GROUP LTD 3.6
MOWI ASA 3.6
FMC CORP 3.3
BUNZL PLC 3.0
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
TSN UN TYSON FOODS INC 7.6 Equities Consumer Staples United States USD 11,979 $1,418,557 $1,418,557
ADM UN ARCHER-DANIELS-MIDLAND CO 7.1 Equities Consumer Staples United States USD 23,344 $1,326,548 $1,326,548
DE UN DEERE & CO 6.8 Equities Industrials United States USD 6,447 $1,275,104 $1,275,104
6326 JP KUBOTA CORP 6.5 Equities Industrials Japan JPY 57,700 $1,229,356 $1,229,356
8002 JP MARUBENI CORP 4.2 Equities Industrials Japan JPY 85,700 $792,008 $792,008
HRL UN HORMEL FOODS CORP 3.7 Equities Consumer Staples United States USD 12,195 $691,580 $691,580
288 HK WH GROUP LTD 3.6 Equities Consumer Staples Hong Kong HKD 508,000 $684,775 $684,775
MOWI NO MOWI ASA 3.6 Equities Consumer Staples Norway NOK 19,709 $681,009 $681,009
FMC US FMC CORP 3.3 Equities Materials United States USD 5,908 $611,007 $611,007
BNZL LN BUNZL PLC 3.0 Equities Industrials Britain GBP 14,646 $564,734 $564,734
YAR NO YARA INTERNATIONAL ASA 2.9 Equities Materials Norway NOK 8,715 $538,198 $538,198
CF UN CF INDUSTRIES HOLDINGS INC 2.8 Equities Materials United States USD 9,041 $530,667 $530,667
MOS UN MOSAIC CO/THE 2.8 Equities Materials United States USD 16,910 $529,847 $529,847
BNR GY BRENNTAG AG 2.8 Equities Industrials Germany EUR 7,324 $524,432 $524,432
BG UN BUNGE LTD 2.6 Equities Consumer Staples United States USD 6,479 $482,826 $482,826
JBSAY UV JBS SA 2.2 Equities Consumer Staples United States USD 25,508 $409,237 $409,237
JEF UN JEFFERIES FINANCIAL GROUP INC 2.0 Equities Financials United States USD 14,029 $371,870 $371,870
INGR UN INGREDION INC 1.8 Equities Consumer Staples United States USD 3,028 $343,832 $343,832
BRFS UN BRF SA 1.8 Equities Consumer Staples Brazil USD 29,716 $329,029 $329,029
2282 JT NH FOODS LTD 1.6 Equities Consumer Staples Japan JPY 5,000 $297,808 $297,808
IMCD NA IMCD NV 1.6 Equities Industrials Netherlands EUR 2,471 $296,160 $296,160
AGCO UN AGCO CORP 1.5 Equities Industrials United States USD 3,047 $288,626 $288,626
SMG UN SCOTTS MIRACLE-GRO CO/THE 1.2 Equities Materials United States USD 1,823 $233,555 $233,555
UNVR US UNIVAR INC 1.2 Equities Industrials United States USD 6,821 $217,778 $217,778
4182 JT MITSUBISHI GAS CHEMICAL CO INC 1.1 Equities Materials Japan JPY 11,600 $205,204 $205,204
MX CT METHANEX CORP 1.1 Equities Materials Canada CAD 3,134 $202,550 $202,550
PEP MK PPB GROUP BHD 0.9 Equities Consumer Staples Malaysia MYR 27,660 $177,009 $177,009
DAR UN DARLING INGREDIENTS INC 0.9 Equities Consumer Staples United States USD 6,226 $174,599 $174,599
SAFM UW SANDERSON FARMS INC 0.9 Equities Consumer Staples United States USD 784 $171,060 $171,060
2811 JT KAGOME CO LTD 0.9 Equities Consumer Staples Japan JPY 4,800 $168,872 $168,872
SALM NO SALMAR ASA 0.9 Equities Consumer Staples Norway NOK 2,363 $160,051 $160,051
OCI NA OCI NV 0.8 Equities Materials Netherlands EUR 4,078 $153,008 $153,008
KLK MK KUALA LUMPUR KEPONG BHD 0.8 Equities Consumer Staples Malaysia MYR 18,000 $150,921 $150,921
IOI MK IOI CORP BHD 0.8 Equities Consumer Staples Malaysia MYR 100,400 $145,992 $145,992
ESI UN ELEMENT SOLUTIONS INC 0.7 Equities Materials United States USD 9,950 $140,742 $140,742
GNS LN GENUS PLC 0.7 Equities Healthcare Britain GBP 2,856 $139,739 $139,739
BAKKA NO BAKKAFROST P/F 0.7 Equities Consumer Staples Faroe Islands NOK 1,730 $133,188 $133,188
MFI CT MAPLE LEAF FOODS INC 0.7 Equities Consumer Staples Canada CAD 3,778 $129,930 $129,930
8012 JT NAGASE & CO LTD 0.7 Equities Industrials Japan JPY 6,200 $129,187 $129,187
AVI SJ AVI LTD 0.7 Equities Consumer Staples South Africa ZAR 14,347 $125,503 $125,503
VIS SQ VISCOFAN SA 0.7 Equities Consumer Staples Spain EUR 1,581 $124,635 $124,635
LSG NO LEROY SEAFOOD GROUP ASA 0.7 Equities Consumer Staples Norway NOK 11,976 $122,973 $122,973
097950 KP CJ CHEILJEDANG CORP 0.6 Equities Consumer Staples South Korea KRW 317 $110,123 $110,123
CWK LN CRANSWICK PLC 0.6 Equities Consumer Staples Britain GBP 2,106 $106,058 $106,058
PPC UW PILGRIM'S PRIDE CORP 0.6 Equities Consumer Staples United States USD 2,587 $104,905 $104,905
1333 JP MARUHA NICHIRO CORP 0.5 Equities Consumer Staples Japan JPY 2,100 $98,148 $98,148
GGR SP GOLDEN AGRI-RESOURCES LTD 0.5 Equities Consumer Staples Singapore SGD 321,000 $92,765 $92,765
1377 JP SAKATA SEED CORP 0.5 Equities Consumer Staples Japan JPY 2,000 $91,887 $91,887
SCHO DC SCHOUW & CO A/S 0.4 Equities Consumer Staples Denmark DKK 738 $80,082 $80,082
OLAM SP OLAM INTERNATIONAL LTD 0.4 Equities Consumer Staples Singapore SGD 38,800 $73,800 $73,800
SZU GY SUEDZUCKER AG 0.4 Equities Consumer Staples Germany EUR 3,224 $70,228 $70,228
AUSS NO AUSTEVOLL SEAFOOD ASA 0.4 Equities Consumer Staples Norway NOK 4,236 $67,748 $67,748
QLG MK QL RESOURCES BHD 0.4 Equities Consumer Staples Malaysia MYR 28,800 $66,765 $66,765
IBA UN INDUSTRIAS BACHOCO SAB DE CV 0.3 Equities Consumer Staples Mexico USD 680 $54,213 $54,213
FDP UN FRESH DEL MONTE PRODUCE INC 0.3 Equities Consumer Staples United States USD 1,363 $50,629 $50,629
CALM UW CAL-MAINE FOODS INC 0.3 Equities Consumer Staples United States USD 875 $49,710 $49,710
GENP MK GENTING PLANTATIONS BHD 0.3 Equities Consumer Staples Malaysia MYR 13,400 $47,434 $47,434
BELL SW BELL FOOD GROUP AG 0.2 Equities Consumer Staples Switzerland CHF 106 $44,869 $44,869
43 HK CP POKPHAND CO LTD 0.2 Equities Consumer Staples Hong Kong HKD 302,000 $39,594 $39,594
FR SP FIRST RESOURCES LTD 0.2 Equities Consumer Staples Singapore SGD 19,300 $32,451 $32,451
JPY JPY - Japanese Yen 0.2 Cash JPY 2,312,151 $30,569 $30,569
USD USD - United States Dollar 0.1 Cash USD 15,703 $22,758 $22,758
NOK NOK - Norwegian Krone 0.0 Cash NOK 54,689 $9,055 $9,055
HKD HKD - Hong Kong Dollar 0.0 Cash HKD 8,756 $1,617 $1,617
CHF CHF - Swiss Franc 0.0 Cash CHF 718 $1,037 $1,037
SGD SGD - Singapore Dollar 0.0 Cash SGD 834 $876 $876
AUD AUD - Australia Dollar 0.0 Cash AUD 699 $699 $699
CAD CAD - Canada Dollar 0.0 Cash CAD 574 $618 $618
GBP GBP - British Pound 0.0 Cash GBP 153 $281 $281
EUR EUR - Euro 0.0 Cash EUR 161 $261 $261
DKK DKK - Danish Krone 0.0 Cash DKK 1,030 $223 $223
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 1,483 $149 $149
KRW KRW - Korean Won Cash KRW 0 $0 $0
MYR MYR - Malaysian Ringgit Cash MYR 0 -$0 -$0
AUD AUD - Australia Dollar FX Forwards AUD 17,902,644 $17,902,644
EUR EUR - Euro FX Forwards EUR -755,383 -$1,224,284
GBP GBP - British Pound FX Forwards GBP -466,662 -$856,449
HKD HKD - Hong Kong Dollar FX Forwards HKD -4,669,693 -$862,283
JPY JPY - Japanese Yen FX Forwards JPY -245,852,744 -$3,250,473
NOK NOK - Norwegian Krone FX Forwards NOK -9,918,685 -$1,642,177
USD USD - United States Dollar FX Forwards USD -7,198,207 -$10,432,184
Download CSV
* As at 23 May 2019

Sector Allocation

Packaged Foods & Meats
33.6%
Agricultural Products
16.4%
Agricultural & Farm Machinery
15.6%
Fertilizers & Agricultural Chemicals
14.3%
Trading Companies & Distributors
13.7%
Multi-Sector Holdings
2.1%
Diversified Chemicals
1.2%
Commodity Chemicals
1.2%
Specialty Chemicals
0.8%
Other
1.1%
* As of 30 April 2019

Country Allocation

United States
50.6%
Japan
15.9%
Norway
7.6%
Hong Kong
4.5%
Britain
4.4%
Germany
3.2%
Malaysia
3.0%
Netherlands
2.3%
Canada
1.9%
Other
6.6%
* As of 30 April 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 3.48% 3.61%
3 months 4.29% 4.60%
6 months 4.35% 4.56%
1 year 2.14% 3.00%
3 year p.a - -
5 year p.a - -
Since inception (p.a) 7.87% 8.02%
Inception date 2-Aug-16 -
* As at 30 April 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* (%) 3.7%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 April 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 2018
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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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