Global Banks ETF - Currency Hedged | BetaShares
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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 24 September 2019

Current Price
Last Trade* $6.46
% Change (prev day) 0.31%
Bid (delayed) $6.35
Offer (delayed) $6.60
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.49
* As at 19 September 2019

Profile

Net Assets* ($A) $46,835,043
Units Outstanding* (#) 7,216,025
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 19 September 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

Name Weight (%)
JPMORGAN CHASE & CO 8.6
BANK OF AMERICA CORP 8.5
WELLS FARGO & CO 7.1
CITIGROUP INC 5.4
HSBC HOLDINGS PLC 4.9
ROYAL BANK OF CANADA 4.1
TORONTO-DOMINION BANK/THE 3.8
US BANCORP 2.9
CHINA CONSTRUCTION BANK CORP 2.7
MITSUBISHI UFJ FINANCIAL GROUP 2.6
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
JPM UN JPMORGAN CHASE & CO 8.6 Equities Financials United States USD 22,834 $4,012,655 $4,012,655
BAC UN BANK OF AMERICA CORP 8.5 Equities Financials United States USD 90,960 $3,977,988 $3,977,988
WFC UN WELLS FARGO & CO 7.1 Equities Financials United States USD 46,520 $3,343,582 $3,343,582
C UN CITIGROUP INC 5.4 Equities Financials United States USD 24,462 $2,507,301 $2,507,301
HSBA LN HSBC HOLDINGS PLC 4.9 Equities Financials Britain GBP 200,262 $2,273,598 $2,273,598
RY CT ROYAL BANK OF CANADA 4.1 Equities Financials Canada CAD 16,100 $1,937,312 $1,937,312
TD CT TORONTO-DOMINION BANK/THE 3.8 Equities Financials Canada CAD 20,809 $1,776,140 $1,776,140
USB UN US BANCORP 2.9 Equities Financials United States USD 16,675 $1,366,335 $1,366,335
939 HK CHINA CONSTRUCTION BANK CORP 2.7 Equities Financials China HKD 1,122,000 $1,263,337 $1,263,337
8306 JT MITSUBISHI UFJ FINANCIAL GROUP 2.6 Equities Financials Japan JPY 155,600 $1,211,857 $1,211,857
BNS CT BANK OF NOVA SCOTIA/THE 2.5 Equities Financials Canada CAD 13,917 $1,159,491 $1,159,491
SAN SQ BANCO SANTANDER SA 2.3 Equities Financials Spain EUR 175,610 $1,075,222 $1,075,222
PNC UN PNC FINANCIAL SERVICES GROUP I 2.1 Equities Financials United States USD 4,831 $1,005,899 $1,005,899
BNP FP BNP PARIBAS SA 2.0 Equities Financials France EUR 12,379 $913,055 $913,055
BMO CT BANK OF MONTREAL 1.7 Equities Financials Canada CAD 7,272 $790,907 $790,907
8316 JT SUMITOMO MITSUI FINANCIAL GROU 1.7 Equities Financials Japan JPY 15,100 $788,654 $788,654
LLOY LN LLOYDS BANKING GROUP PLC 1.6 Equities Financials Britain GBP 751,136 $768,964 $768,964
UBSG SW UBS GROUP AG 1.5 Equities Financials Switzerland CHF 41,701 $710,671 $710,671
INGA NA ING GROEP NV 1.5 Equities Financials Netherlands EUR 44,360 $702,854 $702,854
BBD UN BANCO BRADESCO SA 1.5 Equities Financials Brazil USD 56,761 $682,038 $682,038
1398 HK INDUSTRIAL & COMMERCIAL BANK O 1.5 Equities Financials China HKD 682,000 $679,157 $679,157
8411 JT MIZUHO FINANCIAL GROUP INC 1.4 Equities Financials Japan JPY 289,100 $675,716 $675,716
BSBR UN BANCO SANTANDER BRASIL SA 1.4 Equities Financials Brazil USD 43,150 $675,375 $675,375
ISP IM INTESA SANPAOLO SPA 1.4 Equities Financials Italy EUR 185,393 $653,902 $653,902
BBT UN BB&T CORP 1.4 Equities Financials United States USD 8,284 $641,808 $641,808
ITUB US ITAU UNIBANCO HOLDING SA 1.3 Equities Financials Brazil USD 51,112 $630,024 $630,024
CM CT CANADIAN IMPERIAL BANK OF COMM 1.3 Equities Financials Canada CAD 5,062 $626,882 $626,882
BBVA SQ BANCO BILBAO VIZCAYA ARGENTARI 1.2 Equities Financials Spain EUR 71,071 $567,087 $567,087
DBS SP DBS GROUP HOLDINGS LTD 1.2 Equities Financials Singapore SGD 20,400 $550,848 $550,848
CSGN SW CREDIT SUISSE GROUP AG 1.1 Equities Financials Switzerland CHF 27,124 $520,511 $520,511
3988 HK BANK OF CHINA LTD 1.1 Equities Financials China HKD 876,000 $513,827 $513,827
OCBC SP OVERSEA-CHINESE BANKING CORP L 1.1 Equities Financials Singapore SGD 43,100 $506,705 $506,705
BARC LN BARCLAYS PLC 1.0 Equities Financials Britain GBP 162,918 $455,316 $455,316
UCG IM UNICREDIT SPA 0.9 Equities Financials Italy EUR 24,155 $439,361 $439,361
UOB SP UNITED OVERSEAS BANK LTD 0.9 Equities Financials Singapore SGD 15,095 $417,487 $417,487
NDA SS NORDEA BANK ABP 0.8 Equities Financials Finland SEK 36,426 $387,363 $387,363
STAN LN STANDARD CHARTERED PLC 0.8 Equities Financials Britain GBP 29,557 $375,138 $375,138
GLE FP SOCIETE GENERALE SA 0.7 Equities Financials France EUR 8,094 $345,587 $345,587
MTB UN M&T BANK CORP 0.7 Equities Financials United States USD 1,384 $319,715 $319,715
KBC BB KBC GROUP NV 0.7 Equities Financials Belgium EUR 3,174 $315,178 $315,178
3968 HK CHINA MERCHANTS BANK CO LTD 0.6 Equities Financials China HKD 43,000 $299,259 $299,259
SBK SJ STANDARD BANK GROUP LTD 0.6 Equities Financials South Africa ZAR 15,297 $273,592 $273,592
11 HK HANG SENG BANK LTD 0.6 Equities Financials Hong Kong HKD 8,300 $269,095 $269,095
ACA FP CREDIT AGRICOLE SA 0.6 Equities Financials France EUR 14,359 $263,751 $263,751
DNB NO DNB ASA 0.5 Equities Financials Norway NOK 9,404 $252,524 $252,524
SHBA SS SVENSKA HANDELSBANKEN AB 0.5 Equities Financials Sweden SEK 17,220 $245,142 $245,142
055550 KP SHINHAN FINANCIAL GROUP CO LTD 0.5 Equities Financials South Korea KRW 4,589 $243,378 $243,378
BDORY UV BANCO DO BRASIL SA 0.5 Equities Financials Brazil USD 13,667 $235,526 $235,526
SEBA SS SKANDINAVISKA ENSKILDA BANKEN 0.5 Equities Financials Sweden SEK 16,553 $232,267 $232,267
SWEDA SS SWEDBANK AB 0.5 Equities Financials Sweden SEK 10,568 $225,329 $225,329
FSR SJ FIRSTRAND LTD 0.5 Equities Financials South Africa ZAR 33,209 $212,619 $212,619
2388 HK BOC HONG KONG HOLDINGS LTD 0.4 Equities Financials China HKD 41,000 $208,012 $208,012
PBK MK PUBLIC BANK BHD 0.4 Equities Financials Malaysia MYR 29,200 $207,601 $207,601
RBS LN ROYAL BANK OF SCOTLAND GROUP P 0.4 Equities Financials Britain GBP 52,310 $205,968 $205,968
7182 JT JAPAN POST BANK CO LTD 0.4 Equities Financials Japan JPY 13,300 $198,104 $198,104
CABK SQ CAIXABANK SA 0.3 Equities Financials Spain EUR 40,859 $159,617 $159,617
ABN NA ABN AMRO GROUP NV 0.3 Equities Financials Netherlands EUR 5,040 $153,350 $153,350
MAY MK MALAYAN BANKING BHD 0.3 Equities Financials Malaysia MYR 49,100 $151,165 $151,165
3328 HK BANK OF COMMUNICATIONS CO LTD 0.2 Equities Financials China HKD 84,000 $82,699 $82,699
GBP GBP - British Pound 0.1 Cash GBP 34,230 $63,129 $63,129
USD USD - United States Dollar 0.0 Cash USD 14,199 $20,986 $20,986
SGD SGD - Singapore Dollar 0.0 Cash SGD 12,184 $13,081 $13,081
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 67,373 $6,667 $6,667
HKD HKD - Hong Kong Dollar 0.0 Cash HKD 24,607 $4,641 $4,641
MYR MYR - Malaysian Ringgit 0.0 Cash MYR 12,275 $4,329 $4,329
DKK DKK - Danish Krone 0.0 Cash DKK 4,869 $1,062 $1,062
EUR EUR - Euro 0.0 Cash EUR 593 $966 $966
CAD CAD - Canada Dollar 0.0 Cash CAD 642 $716 $716
CHF CHF - Swiss Franc 0.0 Cash CHF 445 $664 $664
NOK NOK - Norwegian Krone 0.0 Cash NOK 2,804 $458 $458
JPY JPY - Japanese Yen 0.0 Cash JPY 12,540 $172 $172
SEK SEK - Swedish Krona 0.0 Cash SEK 516 $79 $79
KRW KRW - Korean Won Cash KRW 2 $0 $0
AUD AUD - Australia Dollar FX Forwards AUD 42,119,356 $42,119,356
CAD CAD - Canada Dollar FX Forwards CAD -5,251,832 -$5,853,580
CHF CHF - Swiss Franc FX Forwards CHF -746,045 -$1,112,836
EUR EUR - Euro FX Forwards EUR -3,104,821 -$5,055,888
GBP GBP - British Pound FX Forwards GBP -2,063,301 -$3,805,214
HKD HKD - Hong Kong Dollar FX Forwards HKD -16,811,004 -$3,170,631
JPY JPY - Japanese Yen FX Forwards JPY -190,879,755 -$2,622,839
SEK SEK - Swedish Krona FX Forwards SEK -6,397,218 -$974,636
SGD SGD - Singapore Dollar FX Forwards SGD -1,328,440 -$1,426,283
USD USD - United States Dollar FX Forwards USD -12,184,665 -$18,008,668
AUD AUD - Australia Dollar 0.0 Cash AUD -4,976 -$4,976 -$4,976
Download CSV
* As at 20 September 2019

Sector Allocation

Financials
100.0%
* As of 31 August 2019

Country Allocation

United States
36.8%
Canada
13.4%
Britain
8.5%
China
6.7%
Japan
6.1%
Brazil
5.0%
Spain
3.7%
Singapore
3.3%
France
3.1%
Other
13.4%
* As of 31 August 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -6.60% -6.12%
3 months -2.10% -1.72%
6 months -6.66% -6.06%
1 year -10.93% -10.44%
3 year p.a 6.57% 7.26%
5 year p.a - 3.30%
Since inception (p.a) 9.21% 9.89%
Inception date 28-Jul-16 -
* As at 30 August 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* (%) 1.4%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 August 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 -
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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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Fund Flyer - BNKS
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Portfolio Holdings
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The Investment Case for BNKS
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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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