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 12 November 2019

Current Price
Last Trade* $6.86
% Change (prev day) 0%
Bid (delayed) $6.00
Offer (delayed) $6.99
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.92
* As at 8 November 2019

Profile

Net Assets* ($A) $40,229,751
Units Outstanding* (#) 5,816,025
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 8 November 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 8.4
JPMORGAN CHASE & CO 8.3
WELLS FARGO & CO 7.4
CITIGROUP INC 5.8
HSBC HOLDINGS PLC 4.5
ROYAL BANK OF CANADA 3.8
TORONTO-DOMINION BANK/THE 3.6
US BANCORP 2.9
CHINA CONSTRUCTION BANK CORP 2.7
MITSUBISHI UFJ FINANCIAL GROUP 2.5
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
BAC UN BANK OF AMERICA CORP 8.4 Equities Financials United States USD 70,091 $3,395,065 $3,395,065
JPM UN JPMORGAN CHASE & CO 8.3 Equities Financials United States USD 17,552 $3,328,987 $3,328,987
WFC UN WELLS FARGO & CO 7.4 Equities Financials United States USD 37,516 $2,960,204 $2,960,204
C UN CITIGROUP INC 5.8 Equities Financials United States USD 21,137 $2,332,784 $2,332,784
HSBA LN HSBC HOLDINGS PLC 4.5 Equities Financials Britain GBP 164,349 $1,809,137 $1,809,137
RY CT ROYAL BANK OF CANADA 3.8 Equities Financials Canada CAD 12,865 $1,535,738 $1,535,738
TD CT TORONTO-DOMINION BANK/THE 3.6 Equities Financials Canada CAD 17,075 $1,444,706 $1,444,706
USB UN US BANCORP 2.9 Equities Financials United States USD 13,602 $1,164,411 $1,164,411
939 HK CHINA CONSTRUCTION BANK CORP 2.7 Equities Financials China HKD 925,000 $1,081,962 $1,081,962
8306 JT MITSUBISHI UFJ FINANCIAL GROUP 2.5 Equities Financials Japan JPY 128,200 $1,017,300 $1,017,300
BNS CT BANK OF NOVA SCOTIA/THE 2.4 Equities Financials Canada CAD 11,451 $966,462 $966,462
BNP FP BNP PARIBAS SA 2.2 Equities Financials France EUR 10,788 $877,915 $877,915
PNC UN PNC FINANCIAL SERVICES GROUP I 2.2 Equities Financials United States USD 3,927 $874,030 $874,030
SAN SQ BANCO SANTANDER SA 2.2 Equities Financials Spain EUR 144,726 $871,900 $871,900
LLOY LN LLOYDS BANKING GROUP PLC 1.7 Equities Financials Britain GBP 615,730 $676,403 $676,403
8316 JT SUMITOMO MITSUI FINANCIAL GROU 1.7 Equities Financials Japan JPY 12,500 $672,428 $672,428
BMO CT BANK OF MONTREAL 1.7 Equities Financials Canada CAD 6,033 $668,795 $668,795
INGA NA ING GROEP NV 1.6 Equities Financials Netherlands EUR 36,792 $636,511 $636,511
UBSG SW UBS GROUP AG 1.6 Equities Financials Switzerland CHF 34,588 $624,506 $624,506
1398 HK INDUSTRIAL & COMMERCIAL BANK O 1.5 Equities Financials China HKD 557,000 $591,249 $591,249
ISP IM INTESA SANPAOLO SPA 1.5 Equities Financials Italy EUR 153,766 $583,806 $583,806
BSBR UN BANCO SANTANDER BRASIL SA 1.4 Equities Financials Brazil USD 35,430 $581,880 $581,880
BBD UN BANCO BRADESCO SA 1.4 Equities Financials Brazil USD 46,972 $561,607 $561,607
8411 JT MIZUHO FINANCIAL GROUP INC 1.4 Equities Financials Japan JPY 239,800 $552,209 $552,209
BBT UN BB&T CORP 1.4 Equities Financials United States USD 6,873 $544,723 $544,723
ITUB US ITAU UNIBANCO HOLDING SA 1.3 Equities Financials Brazil USD 42,263 $537,388 $537,388
CM CT CANADIAN IMPERIAL BANK OF COMM 1.3 Equities Financials Canada CAD 4,201 $530,826 $530,826
DBS SP DBS GROUP HOLDINGS LTD 1.2 Equities Financials Singapore SGD 16,900 $483,116 $483,116
BBVA SQ BANCO BILBAO VIZCAYA ARGENTARI 1.2 Equities Financials Spain EUR 58,947 $469,402 $469,402
3988 HK BANK OF CHINA LTD 1.1 Equities Financials China HKD 726,000 $437,464 $437,464
BARC LN BARCLAYS PLC 1.1 Equities Financials Britain GBP 135,190 $435,437 $435,437
OCBC SP OVERSEA-CHINESE BANKING CORP L 1.1 Equities Financials Singapore SGD 36,300 $432,764 $432,764
CSGN SW CREDIT SUISSE GROUP AG 1.1 Equities Financials Switzerland CHF 22,496 $430,314 $430,314
UCG IM UNICREDIT SPA 1.0 Equities Financials Italy EUR 20,035 $403,411 $403,411
UOB SP UNITED OVERSEAS BANK LTD 1.0 Equities Financials Singapore SGD 13,795 $397,611 $397,611
NDA SS NORDEA BANK ABP 0.8 Equities Financials Finland SEK 29,602 $323,706 $323,706
GLE FP SOCIETE GENERALE SA 0.8 Equities Financials France EUR 6,902 $319,751 $319,751
STAN LN STANDARD CHARTERED PLC 0.8 Equities Financials Britain GBP 23,146 $309,517 $309,517
KBC BB KBC GROUP NV 0.7 Equities Financials Belgium EUR 2,580 $274,541 $274,541
MTB UN M&T BANK CORP 0.7 Equities Financials United States USD 1,101 $267,872 $267,872
FITB UW FIFTH THIRD BANCORP 0.7 Equities Financials United States USD 6,083 $267,563 $267,563
3968 HK CHINA MERCHANTS BANK CO LTD 0.6 Equities Financials China HKD 35,000 $254,645 $254,645
KEY UN KEYCORP 0.6 Equities Financials United States USD 8,726 $244,583 $244,583
ACA FP CREDIT AGRICOLE SA 0.6 Equities Financials France EUR 11,743 $234,841 $234,841
BDORY UV BANCO DO BRASIL SA 0.6 Equities Financials Brazil USD 13,239 $223,034 $223,034
SBK SJ STANDARD BANK GROUP LTD 0.5 Equities Financials South Africa ZAR 12,431 $213,891 $213,891
11 HK HANG SENG BANK LTD 0.5 Equities Financials Hong Kong HKD 6,700 $206,485 $206,485
055550 KP SHINHAN FINANCIAL GROUP CO LTD 0.5 Equities Financials South Korea KRW 3,774 $204,924 $204,924
DNB NO DNB ASA 0.5 Equities Financials Norway NOK 7,457 $202,859 $202,859
SHBA SS SVENSKA HANDELSBANKEN AB 0.5 Equities Financials Sweden SEK 14,034 $201,959 $201,959
SEBA SS SKANDINAVISKA ENSKILDA BANKEN 0.5 Equities Financials Sweden SEK 13,452 $192,409 $192,409
FSR SJ FIRSTRAND LTD 0.4 Equities Financials South Africa ZAR 26,988 $180,222 $180,222
RBS LN ROYAL BANK OF SCOTLAND GROUP P 0.4 Equities Financials Britain GBP 42,512 $176,784 $176,784
2388 HK BOC HONG KONG HOLDINGS LTD 0.4 Equities Financials China HKD 33,500 $170,925 $170,925
PBK MK PUBLIC BANK BHD 0.4 Equities Financials Malaysia MYR 23,700 $166,719 $166,719
7182 JT JAPAN POST BANK CO LTD 0.4 Equities Financials Japan JPY 10,800 $158,475 $158,475
MAY MK MALAYAN BANKING BHD 0.3 Equities Financials Malaysia MYR 41,600 $129,492 $129,492
ABN NA ABN AMRO GROUP NV 0.3 Equities Financials Netherlands EUR 4,095 $114,182 $114,182
USD USD - United States Dollar 0.2 Cash USD 49,938 $72,902 $72,902
3328 HK BANK OF COMMUNICATIONS CO LTD 0.2 Equities Financials China HKD 68,000 $67,741 $67,741
JPY JPY - Japanese Yen 0.1 Cash JPY 4,369,496 $58,500 $58,500
CAD CAD - Canada Dollar 0.0 Cash CAD 17,982 $19,839 $19,839
AUD AUD - Australia Dollar 0.0 Cash AUD 7,869 $7,869 $7,869
GBP GBP - British Pound 0.0 Cash GBP 1,019 $1,913 $1,913
EUR EUR - Euro 0.0 Cash EUR 774 $1,247 $1,247
CHF CHF - Swiss Franc 0.0 Cash CHF 733 $1,078 $1,078
SGD SGD - Singapore Dollar 0.0 Cash SGD 916 $983 $983
NOK NOK - Norwegian Krone 0.0 Cash NOK 5,191 $830 $830
SEK SEK - Swedish Krona 0.0 Cash SEK 4,719 $711 $711
HKD HKD - Hong Kong Dollar 0.0 Cash HKD 3,647 $680 $680
DKK DKK - Danish Krone 0.0 Cash DKK 862 $186 $186
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 1,525 $150 $150
KRW KRW - Korean Won Cash KRW 2 $0 $0
AUD AUD - Australia Dollar FX Forwards AUD 37,407,638 $37,407,638
CAD CAD - Canada Dollar FX Forwards CAD -4,613,592 -$5,090,018
CHF CHF - Swiss Franc FX Forwards CHF -683,137 -$1,004,023
EUR EUR - Euro FX Forwards EUR -2,845,009 -$4,582,811
GBP GBP - British Pound FX Forwards GBP -1,822,646 -$3,420,304
HKD HKD - Hong Kong Dollar FX Forwards HKD -14,924,863 -$2,784,282
JPY JPY - Japanese Yen FX Forwards JPY -177,383,236 -$2,374,863
SGD SGD - Singapore Dollar FX Forwards SGD -1,197,309 -$1,284,804
USD USD - United States Dollar FX Forwards USD -11,623,553 -$16,968,691
Download CSV
* As at 11 November 2019

Sector Allocation

Financials
100.0%
* As of 30 September 2019

Country Allocation

United States
37.4%
Canada
13.5%
Britain
8.6%
China
6.5%
Japan
6.0%
Brazil
5.0%
Spain
3.5%
France
3.3%
Singapore
3.3%
Other
12.9%
* As of 30 September 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 3.05% 2.93%
3 months 2.90% 3.35%
6 months -0.87% -0.65%
1 year 3.72% 4.54%
3 year p.a 8.59% 9.24%
5 year p.a - 5.11%
Since inception (p.a) 11.99% 12.62%
Inception date 28-Jul-16 -
* As at 31 October 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 30 September 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 2019
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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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