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 20 January 2019

Current Price
Last Trade* $6.34
% Change (prev day) 0.96%
Bid (delayed) $5.50
Offer (delayed) -
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.32
* As at 18 January 2019

Profile

Net Assets* ($A) $63,300,407
Units Outstanding* (#) 10,016,025
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 18 January 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 7.5
WELLS FARGO & CO 7.4
HSBC HOLDINGS PLC 5.1
CITIGROUP INC 5.0
ROYAL BANK OF CANADA 3.7
TORONTO-DOMINION BANK/THE 3.5
CHINA CONSTRUCTION BANK CORP 2.9
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)
BAC UN BANK OF AMERICA CORP 8.3 Equities Financials United States USD 128,517 $5,180,350 $5,180,350
JPM UN JPMORGAN CHASE & CO 7.5 Equities Financials United States USD 32,826 $4,697,514 $4,697,514
WFC UN WELLS FARGO & CO 7.4 Equities Financials United States USD 67,241 $4,602,718 $4,602,718
HSBA LN HSBC HOLDINGS PLC 5.1 Equities Financials Britain GBP 276,818 $3,193,496 $3,193,496
C UN CITIGROUP INC 5.0 Equities Financials United States USD 35,661 $3,097,529 $3,097,529
RY CT ROYAL BANK OF CANADA 3.7 Equities Financials Canada CAD 22,626 $2,332,025 $2,332,025
TD CT TORONTO-DOMINION BANK/THE 3.5 Equities Financials Canada CAD 28,797 $2,151,406 $2,151,406
939 HK CHINA CONSTRUCTION BANK CORP 2.9 Equities Financials China HKD 1,548,000 $1,800,255 $1,800,255
SAN SQ BANCO SANTANDER SA 2.6 Equities Financials Spain EUR 242,191 $1,632,891 $1,632,891
USB UN US BANCORP 2.6 Equities Financials United States USD 23,345 $1,614,869 $1,614,869
8306 JT MITSUBISHI UFJ FINANCIAL GROUP 2.5 Equities Financials Japan JPY 217,100 $1,576,653 $1,576,653
BNS CT BANK OF NOVA SCOTIA/THE 2.4 Equities Financials Canada CAD 19,279 $1,475,856 $1,475,856
PNC UN PNC FINANCIAL SERVICES GROUP I 1.8 Equities Financials United States USD 6,738 $1,141,956 $1,141,956
1398 HK INDUSTRIAL & COMMERCIAL BANK O 1.8 Equities Financials China HKD 1,117,000 $1,124,762 $1,124,762
BNP FP BNP PARIBAS SA 1.8 Equities Financials France EUR 17,072 $1,119,928 $1,119,928
LLOY LN LLOYDS BANKING GROUP PLC 1.7 Equities Financials Britain GBP 1,061,381 $1,075,736 $1,075,736
UBSG SW UBS GROUP AG 1.7 Equities Financials Switzerland CHF 57,474 $1,066,984 $1,066,984
8316 JT SUMITOMO MITSUI FINANCIAL GROU 1.7 Equities Financials Japan JPY 20,900 $1,034,145 $1,034,145
BSBR UN BANCO SANTANDER BRASIL SA 1.6 Equities Financials Brazil USD 57,927 $1,016,461 $1,016,461
BMO CT BANK OF MONTREAL 1.6 Equities Financials Canada CAD 10,054 $1,007,611 $1,007,611
BBD UN BANCO BRADESCO SA 1.6 Equities Financials Brazil USD 64,319 $1,006,997 $1,006,997
INGA NA ING GROEP NV 1.6 Equities Financials Netherlands EUR 61,104 $978,593 $978,593
ITUB US ITAU UNIBANCO HOLDING SA 1.5 Equities Financials Brazil USD 69,799 $963,715 $963,715
8411 JT MIZUHO FINANCIAL GROUP INC 1.4 Equities Financials Japan JPY 398,700 $889,711 $889,711
ISP IM INTESA SANPAOLO SPA 1.3 Equities Financials Italy EUR 255,678 $815,343 $815,343
CM CT CANADIAN IMPERIAL BANK OF COMM 1.3 Equities Financials Canada CAD 6,947 $789,858 $789,858
BBVA SQ BANCO BILBAO VIZCAYA ARGENTARI 1.3 Equities Financials Spain EUR 98,414 $785,099 $785,099
BBT UN BB&T CORP 1.2 Equities Financials United States USD 11,253 $755,416 $755,416
3988 HK BANK OF CHINA LTD 1.2 Equities Financials China HKD 1,208,000 $738,831 $738,831
DBS SP DBS GROUP HOLDINGS LTD 1.2 Equities Financials Singapore SGD 28,000 $720,320 $720,320
OCBC SP OVERSEA-CHINESE BANKING CORP L 1.1 Equities Financials Singapore SGD 59,400 $714,701 $714,701
BARC LN BARCLAYS PLC 1.0 Equities Financials Britain GBP 223,221 $646,434 $646,434
CSGN SW CREDIT SUISSE GROUP AG 1.0 Equities Financials Switzerland CHF 38,126 $638,989 $638,989
NDA SS NORDEA BANK ABP 1.0 Equities Financials Finland SEK 50,236 $625,812 $625,812
UOB SP UNITED OVERSEAS BANK LTD 0.9 Equities Financials Singapore SGD 20,795 $563,976 $563,976
UCG IM UNICREDIT SPA 0.9 Equities Financials Italy EUR 33,266 $557,735 $557,735
STI UN SUNTRUST BANKS INC 0.9 Equities Financials United States USD 6,631 $535,127 $535,127
GLE FP SOCIETE GENERALE SA 0.8 Equities Financials France EUR 11,290 $509,606 $509,606
MTB UN M&T BANK CORP 0.8 Equities Financials United States USD 2,071 $469,978 $469,978
SWEDA SS SWEDBANK AB 0.7 Equities Financials Sweden SEK 13,686 $447,422 $447,422
STAN LN STANDARD CHARTERED PLC 0.7 Equities Financials Britain GBP 41,024 $446,678 $446,678
KBC BB KBC GROUP NV 0.7 Equities Financials Belgium EUR 4,375 $412,694 $412,694
SBK SJ STANDARD BANK GROUP LTD 0.6 Equities Financials South Africa ZAR 21,086 $398,043 $398,043
SHBA SS SVENSKA HANDELSBANKEN AB 0.6 Equities Financials Sweden SEK 23,679 $364,985 $364,985
11 HK HANG SENG BANK LTD 0.6 Equities Financials Hong Kong HKD 11,400 $353,875 $353,875
DBK GY DEUTSCHE BANK AG 0.6 Equities Financials Germany EUR 28,232 $347,959 $347,959
BDORY UV BANCO DO BRASIL SA 0.5 Equities Financials Brazil USD 18,812 $340,039 $340,039
DNB NO DNB ASA 0.5 Equities Financials Norway NOK 13,023 $321,704 $321,704
ACA FP CREDIT AGRICOLE SA 0.5 Equities Financials France EUR 19,804 $318,482 $318,482
SEBA SS SKANDINAVISKA ENSKILDA BANKEN 0.5 Equities Financials Sweden SEK 22,829 $318,296 $318,296
FSR SJ FIRSTRAND LTD 0.5 Equities Financials South Africa ZAR 45,800 $313,917 $313,917
RBS LN ROYAL BANK OF SCOTLAND GROUP P 0.5 Equities Financials Britain GBP 71,888 $307,641 $307,641
CABK SQ CAIXABANK SA 0.5 Equities Financials Spain EUR 56,350 $295,672 $295,672
2388 HK BOC HONG KONG HOLDINGS LTD 0.5 Equities Financials China HKD 56,500 $293,478 $293,478
7182 JT JAPAN POST BANK CO LTD 0.5 Equities Financials Japan JPY 18,400 $293,487 $293,487
DANSKE DC DANSKE BANK A/S 0.5 Equities Financials Denmark DKK 10,410 $281,381 $281,381
ABN NA ABN AMRO GROUP NV 0.4 Equities Financials Netherlands EUR 6,950 $247,664 $247,664
MAY MK MALAYAN BANKING BHD 0.4 Equities Financials Malaysia MYR 71,100 $227,159 $227,159
3328 HK BANK OF COMMUNICATIONS CO LTD 0.2 Equities Financials China HKD 115,000 $129,255 $129,255
USD USD - United States Dollar 0.2 Cash USD 67,619 $94,020 $94,020
CAD CAD - Canada Dollar 0.1 Cash CAD 43,400 $45,450 $45,450
AUD AUD - Australia Dollar 0.1 Cash AUD 42,969 $42,969 $42,969
NOK NOK - Norwegian Krone 0.0 Cash NOK 72,359 $11,756 $11,756
EUR EUR - Euro 0.0 Cash EUR 4,939 $7,823 $7,823
GBP GBP - British Pound 0.0 Cash GBP 4,055 $7,322 $7,322
SEK SEK - Swedish Krona 0.0 Cash SEK 22,868 $3,523 $3,523
HKD HKD - Hong Kong Dollar 0.0 Cash HKD 16,152 $2,863 $2,863
CHF CHF - Swiss Franc 0.0 Cash CHF 1,832 $2,562 $2,562
JPY JPY - Japanese Yen 0.0 Cash JPY 197,388 $2,513 $2,513
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 22,524 $2,285 $2,285
SGD SGD - Singapore Dollar 0.0 Cash SGD 1,059 $1,087 $1,087
DKK DKK - Danish Krone 0.0 Cash DKK 4,106 $871 $871
KRW KRW - Korean Won Cash KRW 80 $0 $0
MYR MYR - Malaysian Ringgit Cash MYR 0 $0 $0
AUD AUD - Australia Dollar FX Forwards AUD 57,220,567
CAD CAD - Canada Dollar FX Forwards CAD -6,962,076
CHF CHF - Swiss Franc FX Forwards CHF -1,075,579
EUR EUR - Euro FX Forwards EUR -4,853,017
GBP GBP - British Pound FX Forwards GBP -3,129,120
HKD HKD - Hong Kong Dollar FX Forwards HKD -24,250,430
JPY JPY - Japanese Yen FX Forwards JPY -290,099,951
SEK SEK - Swedish Krona FX Forwards SEK -10,632,278
SGD SGD - Singapore Dollar FX Forwards SGD -1,826,421
USD USD - United States Dollar FX Forwards USD -16,288,312
Download CSV
* As at 17 January 2019

Sector Allocation

Financials
100.0%
* As of 31 December 2018

Country Allocation

United States
33.6%
Canada
12.0%
Britain
9.2%
China
6.6%
Japan
6.1%
Brazil
5.0%
Spain
4.3%
France
3.2%
Singapore
3.1%
Other
16.7%
* As of 31 December 2018

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -9.58% -9.52%
3 months -12.80% -12.83%
6 months -11.00% -10.76%
1 year -17.03% -16.23%
3 year p.a - -
5 year p.a - -
Since inception (p.a) 10.54% 11.14%
Inception date 28-Jul-16 -
* As at 31 December 2018

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* (%) 4.4%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
* As of 31 December 2018. 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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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
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LEARN MORE ABOUT BNKS

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