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OVERVIEW

About

Provides simple, cost-effective and transparent exposure to the largest global banks

  • Tactical exposure to the global banking sector, excluding Australia
  • 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 banks
  • 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 banks from a broad range of global locations
  • Cost effective – Fund aims to track the performance of an index (no ‘active manager’ fees)
  • Large company exposure – strategy invests only in the most significant global banks
  • 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 20 September 2017

Current Price
Last Trade* $7.00
% Change (prev day) 0.43%
Bid (delayed) $6.97
Offer (delayed) $7.00
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.92
* As at 19 September 2017

Profile

Net Assets* ($A) $54,007,723
Units Outstanding* (#) 7,803,260
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 19 September 2017
**Certain additional costs apply. Please refer to PDS.

Trading Information

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

Index Information

Index Nasdaq Global ex-Australia Banks Hedged AUD Index
Index Provider Nasdaq
Index Ticker N/A
Bloomberg Index Ticker NQXAUHBN
Index Methodology

Top Exposures

Name %
JPMorgan Chase & Co 8.4 %
Bank of America Corp 7.0 %
Wells Fargo & Co 6.8 %
HSBC Holdings PLC 5.8 %
Citigroup Inc 5.5 %
Royal Bank of Canada 3.4 %
Toronto-Dominion Bank/The 3.0 %
Banco Santander SA 3.0 %
China Construction Bank Corp 2.8 %
Mitsubishi UFJ Financial Group 2.7 %
As of close of trading 31/08/2017
The information above shows underlying share exposures of the Fund.

Sector Allocation

Financials
100.0%
* As of 31 August 2017

Country Allocation

United States
35.2%
Canada
11.3%
Britain
9.9%
Japan
6.1%
China
5.9%
Spain
5.3%
France
4.5%
Brazil
4.0%
Sweden
3.4%
Other
14.3%
* As of 31 August 2017

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -1.02% -1.02%
3 months 4.73% 4.81%
6 months 3.60% 3.45%
1 year 29.39% 29.53%
3 year p.a - -
5 year p.a - -
Since inception (p.a) 36.37% 36.47%
Inception date 28-Jul-16 -
* As at 31 August 2017

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* (%) 1.6%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
* As of 31 August 2017. Yield figures are calculated by summing the prior 12 month fund per unit distributions divided by the fund closing NAV per unit at quarter-end. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
3-Jul-17 4-Jul-17 18-Jul-17 $0.10714 -
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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: BNKS

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RESOURCES

Factsheet - BNKS
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The Investment Case for BNKS
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Portfolio Holdings
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Index Methodology
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Product Disclosure Statement - MNRS, FUEL, FOOD, HACK, BNKS, DRUG
Download
Annual Report June 2016
Download
Supplementary Product Disclosure Statement - January 2017
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NRWT and Fund Payment Notice information – June 2017 distributions
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Supplementary Product Disclosure Statement – November 2016
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31 December 2016 Interim Financial Report - International Equity Funds
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LEARN MORE ABOUT BNKS

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