Global Agriculture ETF - Currency Hedged

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

Top 10 All

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	-

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

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