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 21 July 2019

Current Price
Last Trade* $6.55
% Change (prev day) 1.24%
Bid (delayed) $6.50
Offer (delayed) $6.80
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.52
* As at 17 July 2019

Profile

Net Assets* ($A) $52,244,466
Units Outstanding* (#) 8,016,025
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 17 July 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 (%)
BANK OF AMERICA CORP 8.3
JPMORGAN CHASE & CO 8.1
WELLS FARGO & CO 6.7
CITIGROUP INC 5.4
HSBC HOLDINGS PLC 5.2
ROYAL BANK OF CANADA 4.0
TORONTO-DOMINION BANK/THE 3.8
US BANCORP 2.9
CHINA CONSTRUCTION BANK CORP 2.8
BANCO SANTANDER SA 2.5
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
BAC UN BANK OF AMERICA CORP 8.3 Equities Financials United States USD 103,237 $4,310,093 $4,310,093
JPM UN JPMORGAN CHASE & CO 8.1 Equities Financials United States USD 25,916 $4,178,504 $4,178,504
WFC UN WELLS FARGO & CO 6.7 Equities Financials United States USD 52,799 $3,451,204 $3,451,204
C UN CITIGROUP INC 5.4 Equities Financials United States USD 27,763 $2,796,012 $2,796,012
HSBA LN HSBC HOLDINGS PLC 5.2 Equities Financials Britain GBP 227,293 $2,674,296 $2,674,296
RY CT ROYAL BANK OF CANADA 4.0 Equities Financials Canada CAD 18,274 $2,085,419 $2,085,419
TD CT TORONTO-DOMINION BANK/THE 3.8 Equities Financials Canada CAD 23,618 $1,972,320 $1,972,320
USB UN US BANCORP 2.9 Equities Financials United States USD 18,926 $1,478,174 $1,478,174
939 HK CHINA CONSTRUCTION BANK CORP 2.8 Equities Financials China HKD 1,274,000 $1,447,991 $1,447,991
SAN SQ BANCO SANTANDER SA 2.5 Equities Financials Spain EUR 199,313 $1,271,474 $1,271,474
8306 JT MITSUBISHI UFJ FINANCIAL GROUP 2.3 Equities Financials Japan JPY 176,600 $1,217,570 $1,217,570
BNS CT BANK OF NOVA SCOTIA/THE 2.3 Equities Financials Canada CAD 15,795 $1,191,884 $1,191,884
PNC UN PNC FINANCIAL SERVICES GROUP I 2.1 Equities Financials United States USD 5,483 $1,080,950 $1,080,950
BBD UN BANCO BRADESCO SA 1.8 Equities Financials Brazil USD 67,164 $951,856 $951,856
BNP FP BNP PARIBAS SA 1.8 Equities Financials France EUR 14,050 $940,286 $940,286
BSBR UN BANCO SANTANDER BRASIL SA 1.7 Equities Financials Brazil USD 50,919 $898,060 $898,060
BMO CT BANK OF MONTREAL 1.7 Equities Financials Canada CAD 8,254 $886,275 $886,275
8316 JT SUMITOMO MITSUI FINANCIAL GROU 1.7 Equities Financials Japan JPY 17,200 $868,357 $868,357
LLOY LN LLOYDS BANKING GROUP PLC 1.7 Equities Financials Britain GBP 852,522 $859,575 $859,575
ITUB US ITAU UNIBANCO HOLDING SA 1.6 Equities Financials Brazil USD 60,464 $831,144 $831,144
UBSG SW UBS GROUP AG 1.6 Equities Financials Switzerland CHF 47,330 $809,484 $809,484
INGA NA ING GROEP NV 1.6 Equities Financials Netherlands EUR 50,347 $808,922 $808,922
1398 HK INDUSTRIAL & COMMERCIAL BANK O 1.5 Equities Financials China HKD 774,000 $785,401 $785,401
8411 JT MIZUHO FINANCIAL GROUP INC 1.3 Equities Financials Japan JPY 328,100 $680,486 $680,486
BBT UN BB&T CORP 1.3 Equities Financials United States USD 9,402 $676,244 $676,244
ISP IM INTESA SANPAOLO SPA 1.3 Equities Financials Italy EUR 210,417 $673,334 $673,334
DBS SP DBS GROUP HOLDINGS LTD 1.2 Equities Financials Singapore SGD 23,100 $641,881 $641,881
CM CT CANADIAN IMPERIAL BANK OF COMM 1.2 Equities Financials Canada CAD 5,746 $641,792 $641,792
BBVA SQ BANCO BILBAO VIZCAYA ARGENTARI 1.2 Equities Financials Spain EUR 80,664 $614,460 $614,460
3988 HK BANK OF CHINA LTD 1.1 Equities Financials China HKD 994,000 $594,701 $594,701
OCBC SP OVERSEA-CHINESE BANKING CORP L 1.1 Equities Financials Singapore SGD 48,900 $594,150 $594,150
CSGN SW CREDIT SUISSE GROUP AG 1.0 Equities Financials Switzerland CHF 30,785 $540,541 $540,541
BARC LN BARCLAYS PLC 1.0 Equities Financials Britain GBP 184,909 $510,893 $510,893
UCG IM UNICREDIT SPA 0.9 Equities Financials Italy EUR 27,416 $490,473 $490,473
UOB SP UNITED OVERSEAS BANK LTD 0.9 Equities Financials Singapore SGD 17,095 $480,730 $480,730
STAN LN STANDARD CHARTERED PLC 0.8 Equities Financials Britain GBP 33,546 $424,775 $424,775
NDA SS NORDEA BANK ABP 0.8 Equities Financials Finland SEK 41,342 $404,037 $404,037
MTB UN M&T BANK CORP 0.7 Equities Financials United States USD 1,571 $363,347 $363,347
3968 HK CHINA MERCHANTS BANK CO LTD 0.7 Equities Financials China HKD 48,500 $351,468 $351,468
SBK SJ STANDARD BANK GROUP LTD 0.7 Equities Financials South Africa ZAR 17,363 $339,494 $339,494
11 HK HANG SENG BANK LTD 0.6 Equities Financials Hong Kong HKD 9,400 $336,239 $336,239
KBC BB KBC GROUP NV 0.6 Equities Financials Belgium EUR 3,603 $332,567 $332,567
GLE FP SOCIETE GENERALE SA 0.6 Equities Financials France EUR 9,187 $327,511 $327,511
BDORY UV BANCO DO BRASIL SA 0.6 Equities Financials Brazil USD 16,260 $325,339 $325,339
055550 KP SHINHAN FINANCIAL GROUP CO LTD 0.6 Equities Financials South Korea KRW 5,208 $288,091 $288,091
ACA FP CREDIT AGRICOLE SA 0.5 Equities Financials France EUR 16,297 $280,230 $280,230
DNB NO DNB ASA 0.5 Equities Financials Norway NOK 10,674 $278,148 $278,148
SHBA SS SVENSKA HANDELSBANKEN AB 0.5 Equities Financials Sweden SEK 19,545 $273,782 $273,782
2388 HK BOC HONG KONG HOLDINGS LTD 0.5 Equities Financials China HKD 46,500 $266,367 $266,367
SEBA SS SKANDINAVISKA ENSKILDA BANKEN 0.5 Equities Financials Sweden SEK 18,787 $266,065 $266,065
PBK MK PUBLIC BANK BHD 0.5 Equities Financials Malaysia MYR 33,100 $260,968 $260,968
FSR SJ FIRSTRAND LTD 0.5 Equities Financials South Africa ZAR 37,691 $248,790 $248,790
SWEDA SS SWEDBANK AB 0.5 Equities Financials Sweden SEK 11,995 $246,078 $246,078
RBS LN ROYAL BANK OF SCOTLAND GROUP P 0.5 Equities Financials Britain GBP 59,370 $240,436 $240,436
7182 JT JAPAN POST BANK CO LTD 0.4 Equities Financials Japan JPY 15,100 $214,824 $214,824
CABK SQ CAIXABANK SA 0.3 Equities Financials Spain EUR 46,374 $178,327 $178,327
ABN NA ABN AMRO GROUP NV 0.3 Equities Financials Netherlands EUR 5,721 $175,322 $175,322
MAY MK MALAYAN BANKING BHD 0.3 Equities Financials Malaysia MYR 55,700 $170,248 $170,248
3328 HK BANK OF COMMUNICATIONS CO LTD 0.2 Equities Financials China HKD 95,000 $103,137 $103,137
HKD HKD - Hong Kong Dollar 0.2 Cash HKD 552,827 $100,532 $100,532
USD USD - United States Dollar 0.1 Cash USD 27,615 $39,214 $39,214
CAD CAD - Canada Dollar 0.1 Cash CAD 34,807 $37,862 $37,862
CNY CNY - Yuan Renminbi 0.0 Cash CNY 42,300 $8,722 $8,722
AUD AUD - Australia Dollar 0.0 Cash AUD 2,507 $2,507 $2,507
CHF CHF - Swiss Franc 0.0 Cash CHF 1,349 $1,951 $1,951
EUR EUR - Euro 0.0 Cash EUR 1,108 $1,765 $1,765
SEK SEK - Swedish Krona 0.0 Cash SEK 8,320 $1,260 $1,260
DKK DKK - Danish Krone 0.0 Cash DKK 4,878 $1,041 $1,041
GBP GBP - British Pound 0.0 Cash GBP 508 $901 $901
SGD SGD - Singapore Dollar 0.0 Cash SGD 783 $818 $818
JPY JPY - Japanese Yen 0.0 Cash JPY 40,186 $530 $530
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 5,238 $534 $534
NOK NOK - Norwegian Krone 0.0 Cash NOK 2,410 $399 $399
KRW KRW - Korean Won Cash KRW 0 $0 $0
AUD AUD - Australia Dollar FX Forwards AUD 50,525,096 $50,525,096
CAD CAD - Canada Dollar FX Forwards CAD -6,236,874 -$6,784,373
CHF CHF - Swiss Franc FX Forwards CHF -921,961 -$1,333,470
EUR EUR - Euro FX Forwards EUR -3,842,436 -$6,123,404
GBP GBP - British Pound FX Forwards GBP -2,653,069 -$4,710,370
HKD HKD - Hong Kong Dollar FX Forwards HKD -21,630,244 -$3,933,487
JPY JPY - Japanese Yen FX Forwards JPY -226,418,661 -$2,985,360
SEK SEK - Swedish Krona FX Forwards SEK -8,007,056 -$1,212,290
SGD SGD - Singapore Dollar FX Forwards SGD -1,639,430 -$1,711,305
USD USD - United States Dollar FX Forwards USD -15,052,304 -$21,375,041
Download CSV
* As at 19 July 2019

Sector Allocation

Financials
100.0%
* As of 30 June 2019

Country Allocation

United States
35.2%
Canada
13.1%
Britain
9.2%
China
7.1%
Japan
5.7%
Brazil
5.5%
Spain
4.2%
Singapore
3.3%
France
3.0%
Other
13.8%
* As of 30 June 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 4.44% 4.33%
3 months 3.26% 3.12%
6 months 9.83% 9.95%
1 year -2.25% -1.88%
3 year p.a - 14.11%
5 year p.a - 5.34%
Since inception (p.a) 12.24% 12.79%
Inception date 28-Jul-16 -
* As at 28 June 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 at 30 June 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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