Global Banks ETF - Currency Hedged

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 10 December 2019

Current Price
Last Trade*	$6.81
% Change (prev day)	0%
Bid (delayed)	$6.80
Offer (delayed)	$6.82

*Data is delayed by at least 20 minutes.

Download NAV history

NAV
NAV/Unit *	$6.84

* As at 6 December 2019

Profile

Net Assets* ($A)	$38,430,006
Units Outstanding* (#)	5,616,025
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 6 December 2019

**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

Portfolio Holdings

Top 10 All

Name	Weight (%)
JPMORGAN CHASE & CO	8.8
BANK OF AMERICA CORP	8.7
WELLS FARGO & CO	7.5
CITIGROUP INC	5.9
HSBC HOLDINGS PLC	4.5
ROYAL BANK OF CANADA	3.8
TORONTO-DOMINION BANK	3.5
US BANCORP	3.0
CHINA CONSTRUCTION BANK-H	2.8
MITSUBISHI UFJ FINANCIAL GRO	2.6

Ticker	Name	Weight (%)	Asset Class	Sector	Country	Currency	Shares/Unit (#)	Market Value (AUD)	Notional Value (AUD)
JPM UN	JPMORGAN CHASE & CO	8.8	Equities	Financials	United States	USD	16,736	$3,293,537	$3,293,537
BAC UN	BANK OF AMERICA CORP	8.7	Equities	Financials	United States	USD	66,836	$3,279,172	$3,279,172
WFC UN	WELLS FARGO & CO	7.5	Equities	Financials	United States	USD	35,774	$2,824,208	$2,824,208
C UN	CITIGROUP INC	5.9	Equities	Financials	United States	USD	20,155	$2,222,952	$2,222,952
HSBA LN	HSBC HOLDINGS PLC	4.5	Equities	Financials	Britain	GBP	156,716	$1,690,672	$1,690,672
RY CT	ROYAL BANK OF CANADA	3.8	Equities	Financials	Canada	CAD	12,268	$1,417,940	$1,417,940
TD CT	TORONTO-DOMINION BANK	3.5	Equities	Financials	Canada	CAD	16,282	$1,313,082	$1,313,082
USB UN	US BANCORP	3.0	Equities	Financials	United States	USD	12,971	$1,139,473	$1,139,473
939 HK	CHINA CONSTRUCTION BANK-H	2.8	Equities	Financials	China	HKD	882,000	$1,039,258	$1,039,258
8306 JT	MITSUBISHI UFJ FINANCIAL GRO	2.6	Equities	Financials	Japan	JPY	122,300	$968,489	$968,489
BNS CT	BANK OF NOVA SCOTIA	2.4	Equities	Financials	Canada	CAD	10,919	$905,708	$905,708
BNP FP	BNP PARIBAS	2.2	Equities	Financials	France	EUR	10,287	$845,920	$845,920
PNC UN	PNC FINANCIAL SERVICES GROUP	2.2	Equities	Financials	United States	USD	3,745	$842,762	$842,762
SAN SQ	BANCO SANTANDER SA	2.1	Equities	Financials	Spain	EUR	138,005	$802,235	$802,235
LLOY LN	LLOYDS BANKING GROUP PLC	1.9	Equities	Financials	Britain	GBP	583,405	$697,781	$697,781
8316 JT	SUMITOMO MITSUI FINANCIAL GR	1.7	Equities	Financials	Japan	JPY	11,900	$644,011	$644,011
BMO CT	BANK OF MONTREAL	1.7	Equities	Financials	Canada	CAD	5,717	$630,850	$630,850
INGA NA	ING GROEP NV	1.6	Equities	Financials	Netherlands	EUR	34,861	$591,632	$591,632
UBSG SW	UBS GROUP AG-REG	1.5	Equities	Financials	Switzerland	CHF	32,772	$579,386	$579,386
1398 HK	IND & COMM BK OF CHINA-H	1.5	Equities	Financials	China	HKD	528,000	$550,051	$550,051
BBD UN	BANCO BRADESCO-ADR	1.5	Equities	Financials	Brazil	USD	45,097	$548,691	$548,691
ISP IM	INTESA SANPAOLO	1.4	Equities	Financials	Italy	EUR	145,693	$542,042	$542,042
BSBR UN	BANCO SANTANDER BRASIL-ADS EQUITY ADR 0.0	1.4	Equities	Financials	Brazil	USD	33,963	$532,568	$532,568
ITUB US	ITAU UNIBANCO H-SPON PRF ADR	1.4	Equities	Financials	Brazil	USD	40,768	$525,269	$525,269
8411 JT	MIZUHO FINANCIAL GROUP INC	1.4	Equities	Financials	Japan	JPY	227,200	$523,679	$523,679
CM CT	CAN IMPERIAL BK OF COMMERCE	1.3	Equities	Financials	Canada	CAD	3,980	$481,986	$481,986
DBS SP	DBS GROUP HOLDINGS LTD	1.1	Equities	Financials	Singapore	SGD	16,000	$430,928	$430,928
BBVA SQ	BANCO BILBAO VIZCAYA ARGENTA	1.1	Equities	Financials	Spain	EUR	55,852	$430,243	$430,243
BARC LN	BARCLAYS PLC	1.1	Equities	Financials	Britain	GBP	128,093	$423,344	$423,344
CSGN SW	CREDIT SUISSE GROUP AG-REG	1.1	Equities	Financials	Switzerland	CHF	21,315	$411,422	$411,422
3988 HK	BANK OF CHINA LTD-H	1.1	Equities	Financials	China	HKD	688,000	$405,334	$405,334
OCBC SP	OVERSEA-CHINESE BANKING CORP	1.0	Equities	Financials	Singapore	SGD	34,400	$394,159	$394,159
UCG IM	UNICREDIT SPA	1.0	Equities	Financials	Italy	EUR	18,983	$391,836	$391,836
UOB SP	UNITED OVERSEAS BANK LTD	1.0	Equities	Financials	Singapore	SGD	13,095	$359,034	$359,034
GLE FP	SOCIETE GENERALE SA	0.8	Equities	Financials	France	EUR	6,675	$317,100	$317,100
NDA SS	NORDEA BANK AB	0.8	Equities	Financials	Finland	SEK	28,626	$303,555	$303,555
STAN LN	STANDARD CHARTERED PLC	0.8	Equities	Financials	Britain	GBP	22,383	$292,316	$292,316
KBC BB	KBC GROEP NV	0.7	Equities	Financials	Belgium	EUR	2,495	$268,332	$268,332
FITB UW	FIFTH THIRD BANCORP	0.7	Equities	Financials	United States	USD	5,882	$260,341	$260,341
MTB UN	M & T BANK CORP	0.7	Equities	Financials	United States	USD	1,064	$259,753	$259,753
KEY UN	KEYCORP	0.6	Equities	Financials	United States	USD	8,438	$242,639	$242,639
3968 HK	CHINA MERCHANTS BANK-H	0.6	Equities	Financials	China	HKD	33,500	$234,018	$234,018
ACA FP	CREDIT AGRICOLE SA	0.6	Equities	Financials	France	EUR	11,356	$231,939	$231,939
BDORY UV	BANCO DO BRASIL SA-SPON ADR EQUITY ADR 0.0	0.6	Equities	Financials	Brazil	USD	12,671	$217,615	$217,615
055550 KP	SHINHAN FINANCIAL GROUP LTD	0.5	Equities	Financials	South Korea	KRW	3,649	$197,899	$197,899
SHBA SS	SVENSKA HANDELSBANKEN-A SHS	0.5	Equities	Financials	Sweden	SEK	13,571	$195,798	$195,798
SBK SJ	STANDARD BANK GROUP LTD	0.5	Equities	Financials	South Africa	ZAR	12,022	$195,022	$195,022
11 HK	HANG SENG BANK LTD	0.5	Equities	Financials	Hong Kong	HKD	6,500	$192,567	$192,567
RBS LN	ROYAL BANK OF SCOTLAND GROUP	0.5	Equities	Financials	Britain	GBP	41,109	$182,017	$182,017
DNB NO	DNB ASA	0.5	Equities	Financials	Norway	NOK	7,211	$179,091	$179,091
SEBA SS	SKANDINAVISKA ENSKILDA BAN-A	0.4	Equities	Financials	Sweden	SEK	13,008	$167,693	$167,693
FSR SJ	FIRSTRAND LTD	0.4	Equities	Financials	South Africa	ZAR	26,098	$162,007	$162,007
2388 HK	BOC HONG KONG HOLDINGS LTD	0.4	Equities	Financials	China	HKD	32,000	$157,705	$157,705
PBK MK	PUBLIC BANK BERHAD	0.4	Equities	Financials	Malaysia	MYR	22,900	$153,387	$153,387
7182 JT	JAPAN POST BANK CO LTD	0.4	Equities	Financials	Japan	JPY	10,500	$152,711	$152,711
MAY MK	MALAYAN BANKING BHD	0.3	Equities	Financials	Malaysia	MYR	40,200	$121,183	$121,183
ABN NA	ABN AMRO GROUP NV-CVA	0.3	Equities	Financials	Netherlands	EUR	3,961	$98,159	$98,159
3328 HK	BANK OF COMMUNICATIONS CO-H	0.2	Equities	Financials	China	HKD	66,000	$64,066	$64,066
JPY	JPY - Japanese Yen	0.2	Cash			JPY	4,377,246	$59,001	$59,001
USD	USD - United States Dollar	0.1	Cash			USD	14,392	$21,071	$21,071
AUD	AUD - Australia Dollar	0.0	Cash			AUD	1,339	$1,339	$1,339
HKD	HKD - Hong Kong Dollar	0.0	Cash			HKD	6,645	$1,243	$1,243
SGD	SGD - Singapore Dollar	0.0	Cash			SGD	881	$949	$949
NOK	NOK - Norwegian Krone	0.0	Cash			NOK	4,617	$739	$739
CAD	CAD - Canada Dollar	0.0	Cash			CAD	527	$584	$584
CHF	CHF - Swiss Franc	0.0	Cash			CHF	260	$386	$386
EUR	EUR - Euro	0.0	Cash			EUR	234	$379	$379
SEK	SEK - Swedish Krona	0.0	Cash			SEK	2,533	$389	$389
GBP	GBP - British Pound	0.0	Cash			GBP	172	$332	$332
DKK	DKK - Danish Krone	0.0	Cash			DKK	861	$187	$187
ZAR	ZAR - South Africa Rand	0.0	Cash			ZAR	296	$30	$30
KRW	KRW - Korean Won		Cash			KRW	2	$0	$0
BBT UN	BB&T CORP		Equities	Financials	United States	USD	6,512
AUD	AUD - Australia Dollar		FX Forwards			AUD	36,680,317		$36,680,317
CAD	CAD - Canada Dollar		FX Forwards			CAD	-4,432,928		-$4,905,309
CHF	CHF - Swiss Franc		FX Forwards			CHF	-680,153		-$1,007,933
EUR	EUR - Euro		FX Forwards			EUR	-2,775,085		-$4,494,793
GBP	GBP - British Pound		FX Forwards			GBP	-1,746,007		-$3,361,196
HKD	HKD - Hong Kong Dollar		FX Forwards			HKD	-14,382,405		-$2,689,959
JPY	JPY - Japanese Yen		FX Forwards			JPY	-168,330,605		-$2,268,943
SGD	SGD - Singapore Dollar		FX Forwards			SGD	-1,118,817		-$1,204,843
USD	USD - United States Dollar		FX Forwards			USD	-11,282,350		-$16,518,814

Download CSV

* As at 9 December 2019

Sector Allocation

Financials

100.0%

* As of 31 October 2019

Country Allocation

United States	37.6%
Canada	13.0%
Britain	8.6%
China	6.6%
Japan	6.0%
Brazil	5.2%
France	3.4%
Spain	3.3%
Singapore	3.3%
Other	13.1%

* As of 31 October 2019

PERFORMANCE

Fund Returns After Fees (%)

	Fund	Index
1 month	2.39%	2.62%
3 months	12.80%	12.97%
6 months	10.42%	11.03%
1 year	4.99%	5.87%
3 year p.a	6.46%	7.07%
5 year p.a	-	5.24%
Since inception (p.a)	12.48%	13.18%
Inception date	28-Jul-16	-

* As at 29 November 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* (%)	1.3%
12 Mth Gross Distribution Yield* (%)	-
Franking Level	-

*As at 31 October 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	$0.08651	3.78%
2-Jul-18	3-Jul-18	17-Jul-18	$0.2187	3.81%
2-Jan-18	3-Jan-18	17-Jan-18	$0.04695	2.52%
3-Jul-17	4-Jul-17	18-Jul-17	$0.10714	-

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	Download
	Fund Flyer - BNKS	Download
	Portfolio Holdings	Download
	The Investment Case for BNKS	Download
	Product Disclosure Statement - Global Sector Series	Download
	Annual Report - June 2019	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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