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 25 March 2019

Current Price
Last Trade* $6.40
% Change (prev day) -0.62%
Bid (delayed) $6.20
Offer (delayed) $6.50
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.48
* As at 20 March 2019

Profile

Net Assets* ($A) $63,578,068
Units Outstanding* (#) 9,816,025
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 20 March 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 8.0
BANK OF AMERICA CORP 7.7
WELLS FARGO & CO 7.2
HSBC HOLDINGS PLC 5.1
CITIGROUP INC 4.8
ROYAL BANK OF CANADA 3.9
TORONTO-DOMINION BANK/THE 3.6
CHINA CONSTRUCTION BANK CORP 3.1
BANCO SANTANDER SA 2.6
US BANCORP 2.6
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
JPM UN JPMORGAN CHASE & CO 8.0 Equities Financials United States USD 34,746 $4,893,775 $4,893,775
BAC UN BANK OF AMERICA CORP 7.7 Equities Financials United States USD 124,695 $4,755,064 $4,755,064
WFC UN WELLS FARGO & CO 7.2 Equities Financials United States USD 64,864 $4,424,086 $4,424,086
HSBA LN HSBC HOLDINGS PLC 5.1 Equities Financials Britain GBP 276,249 $3,158,633 $3,158,633
C UN CITIGROUP INC 4.8 Equities Financials United States USD 34,264 $2,949,906 $2,949,906
RY CT ROYAL BANK OF CANADA 3.9 Equities Financials Canada CAD 22,491 $2,415,612 $2,415,612
TD CT TORONTO-DOMINION BANK/THE 3.6 Equities Financials Canada CAD 28,716 $2,234,708 $2,234,708
939 HK CHINA CONSTRUCTION BANK CORP 3.1 Equities Financials China HKD 1,544,000 $1,928,125 $1,928,125
SAN SQ BANCO SANTANDER SA 2.6 Equities Financials Spain EUR 238,766 $1,579,582 $1,579,582
USB UN US BANCORP 2.6 Equities Financials United States USD 23,015 $1,568,776 $1,568,776
8306 JT MITSUBISHI UFJ FINANCIAL GROUP 2.6 Equities Financials Japan JPY 214,000 $1,567,711 $1,567,711
BNS CT BANK OF NOVA SCOTIA/THE 2.3 Equities Financials Canada CAD 19,006 $1,426,899 $1,426,899
LLOY LN LLOYDS BANKING GROUP PLC 2.0 Equities Financials Britain GBP 1,059,215 $1,231,062 $1,231,062
PNC UN PNC FINANCIAL SERVICES GROUP I 1.9 Equities Financials United States USD 6,802 $1,144,518 $1,144,518
BNP FP BNP PARIBAS SA 1.8 Equities Financials France EUR 16,831 $1,117,904 $1,117,904
8316 JT SUMITOMO MITSUI FINANCIAL GROU 1.7 Equities Financials Japan JPY 20,600 $1,062,620 $1,062,620
BMO CT BANK OF MONTREAL 1.7 Equities Financials Canada CAD 9,912 $1,050,095 $1,050,095
1398 HK INDUSTRIAL & COMMERCIAL BANK O 1.7 Equities Financials China HKD 965,000 $1,034,908 $1,034,908
INGA NA ING GROEP NV 1.6 Equities Financials Netherlands EUR 60,240 $1,005,826 $1,005,826
BBD UN BANCO BRADESCO SA 1.6 Equities Financials Brazil USD 64,071 $954,326 $954,326
UBSG SW UBS GROUP AG 1.6 Equities Financials Switzerland CHF 56,662 $953,494 $953,494
BSBR UN BANCO SANTANDER BRASIL SA 1.5 Equities Financials Brazil USD 58,801 $918,999 $918,999
8411 JT MIZUHO FINANCIAL GROUP INC 1.4 Equities Financials Japan JPY 393,100 $886,350 $886,350
ISP IM INTESA SANPAOLO SPA 1.4 Equities Financials Italy EUR 252,062 $867,356 $867,356
ITUB US ITAU UNIBANCO HOLDING SA 1.4 Equities Financials Brazil USD 70,980 $862,823 $862,823
BBVA SQ BANCO BILBAO VIZCAYA ARGENTARI 1.3 Equities Financials Spain EUR 97,022 $803,176 $803,176
CM CT CANADIAN IMPERIAL BANK OF COMM 1.3 Equities Financials Canada CAD 6,848 $786,991 $786,991
3988 HK BANK OF CHINA LTD 1.3 Equities Financials China HKD 1,191,000 $784,370 $784,370
DBS SP DBS GROUP HOLDINGS LTD 1.2 Equities Financials Singapore SGD 27,500 $727,764 $727,764
BBT UN BB&T CORP 1.2 Equities Financials United States USD 11,366 $723,553 $723,553
OCBC SP OVERSEA-CHINESE BANKING CORP L 1.1 Equities Financials Singapore SGD 58,300 $679,223 $679,223
NDA SS NORDEA BANK ABP 1.0 Equities Financials Finland SEK 49,302 $622,813 $622,813
CSGN SW CREDIT SUISSE GROUP AG 1.0 Equities Financials Switzerland CHF 37,418 $608,920 $608,920
BARC LN BARCLAYS PLC 1.0 Equities Financials Britain GBP 206,711 $599,328 $599,328
UCG IM UNICREDIT SPA 1.0 Equities Financials Italy EUR 32,648 $592,842 $592,842
UOB SP UNITED OVERSEAS BANK LTD 0.9 Equities Financials Singapore SGD 20,395 $536,542 $536,542
GLE FP SOCIETE GENERALE SA 0.7 Equities Financials France EUR 11,080 $451,280 $451,280
STAN LN STANDARD CHARTERED PLC 0.7 Equities Financials Britain GBP 40,262 $434,522 $434,522
KBC BB KBC GROUP NV 0.7 Equities Financials Belgium EUR 4,294 $420,835 $420,835
MTB UN M&T BANK CORP 0.7 Equities Financials United States USD 1,932 $419,486 $419,486
11 HK HANG SENG BANK LTD 0.6 Equities Financials Hong Kong HKD 11,400 $393,033 $393,033
3968 HK Equities 0.6 Equities HKD 59,000 $392,810 $392,810
SWEDA SS SWEDBANK AB 0.6 Equities Financials Sweden SEK 14,543 $390,009 $390,009
SBK SJ STANDARD BANK GROUP LTD 0.6 Equities Financials South Africa ZAR 21,156 $377,142 $377,142
SHBA SS SVENSKA HANDELSBANKEN AB 0.6 Equities Financials Sweden SEK 23,758 $373,168 $373,168
055550 KP Equities 0.6 Equities KRW 6,686 $359,677 $359,677
DNB NO DNB ASA 0.6 Equities Financials Norway NOK 13,066 $350,421 $350,421
AUD AUD - Australia Dollar 0.6 Cash AUD 344,116 $344,116 $344,116
2388 HK BOC HONG KONG HOLDINGS LTD 0.5 Equities Financials China HKD 56,500 $335,499 $335,499
RBS LN ROYAL BANK OF SCOTLAND GROUP P 0.5 Equities Financials Britain GBP 72,128 $333,921 $333,921
ACA FP CREDIT AGRICOLE SA 0.5 Equities Financials France EUR 19,870 $333,228 $333,228
PBK MK Equities 0.5 Equities MYR 40,100 $331,929 $331,929
SEBA SS SKANDINAVISKA ENSKILDA BANKEN 0.5 Equities Financials Sweden SEK 22,905 $327,907 $327,907
BDORY UV BANCO DO BRASIL SA 0.5 Equities Financials Brazil USD 18,496 $320,148 $320,148
7182 JT JAPAN POST BANK CO LTD 0.5 Equities Financials Japan JPY 18,400 $298,334 $298,334
FSR SJ FIRSTRAND LTD 0.4 Equities Financials South Africa ZAR 45,953 $273,063 $273,063
CABK SQ CAIXABANK SA 0.4 Equities Financials Spain EUR 56,539 $252,698 $252,698
MAY MK MALAYAN BANKING BHD 0.4 Equities Financials Malaysia MYR 71,400 $230,115 $230,115
ABN NA ABN AMRO GROUP NV 0.3 Equities Financials Netherlands EUR 6,493 $202,032 $202,032
3328 HK BANK OF COMMUNICATIONS CO LTD 0.2 Equities Financials China HKD 116,000 $136,719 $136,719
GBP GBP - British Pound 0.2 Cash GBP 63,684 $118,787 $118,787
USD USD - United States Dollar 0.1 Cash USD 22,768 $32,145 $32,145
DKK DKK - Danish Krone 0.0 Cash DKK 45,454 $9,720 $9,720
HKD HKD - Hong Kong Dollar 0.0 Cash HKD 49,951 $8,988 $8,988
SGD SGD - Singapore Dollar 0.0 Cash SGD 3,529 $3,684 $3,684
CAD CAD - Canada Dollar 0.0 Cash CAD 3,006 $3,161 $3,161
EUR EUR - Euro 0.0 Cash EUR 1,691 $2,698 $2,698
JPY JPY - Japanese Yen 0.0 Cash JPY 141,503 $1,818 $1,818
SEK SEK - Swedish Krona 0.0 Cash SEK 9,359 $1,424 $1,424
CHF CHF - Swiss Franc 0.0 Cash CHF 877 $1,247 $1,247
NOK NOK - Norwegian Krone 0.0 Cash NOK 2,329 $384 $384
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 2,664 $260 $260
KRW KRW - Korean Won Cash KRW 80 $0 $0
AUD AUD - Australia Dollar FX Forwards AUD 62,455,004 $62,455,004
CAD CAD - Canada Dollar FX Forwards CAD -7,688,563 -$8,085,564
CHF CHF - Swiss Franc FX Forwards CHF -1,188,167 -$1,688,697
EUR EUR - Euro FX Forwards EUR -5,261,713 -$8,395,904
GBP GBP - British Pound FX Forwards GBP -3,156,733 -$5,888,109
HKD HKD - Hong Kong Dollar FX Forwards HKD -26,682,184 -$4,801,199
JPY JPY - Japanese Yen FX Forwards JPY -297,422,337 -$3,821,190
SEK SEK - Swedish Krona FX Forwards SEK -11,198,794 -$1,704,457
SGD SGD - Singapore Dollar FX Forwards SGD -1,900,265 -$1,983,782
USD USD - United States Dollar FX Forwards USD -18,507,971 -$26,130,130
MYR MYR - Malaysian Ringgit -0.6 Cash MYR -982,928 -$340,998 -$340,998
Download CSV
* As at 22 March 2019

Sector Allocation

Financials
100.0%
* As of 28 February 2019

Country Allocation

United States
35.2%
Canada
12.7%
Britain
9.1%
China
6.8%
Japan
5.8%
Brazil
5.2%
Spain
4.3%
France
3.2%
Singapore
3.0%
Other
14.6%
* As of 28 February 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 1.52% 1.79%
3 months -0.27% -0.24%
6 months -4.57% -4.66%
1 year -11.15% -10.36%
3 year p.a - -
5 year p.a - -
Since inception (p.a) 14.09% 14.65%
Inception date 28-Jul-16 -
* As at 28 February 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* (%) 4.7%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
* As of 28 February 2019. 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)
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 - HJPN, HEUR, UMAX, WRLD, DRUG, MNRS, FUEL, BNKS and FOOD
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