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 10 December 2019

Current Price
Last Trade* $6.81
% Change (prev day) 0%
Bid (delayed) $6.80
Offer (delayed) $6.82
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.84
* As at 6 December 2019

Profile

Net Assets* ($A) $38,430,006
Units Outstanding* (#) 5,616,025
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 6 December 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 8.8
BANK OF AMERICA CORP 8.7
WELLS FARGO & CO 7.5
CITIGROUP INC 5.9
HSBC HOLDINGS PLC 4.5
ROYAL BANK OF CANADA 3.8
TORONTO-DOMINION BANK 3.5
US BANCORP 3.0
CHINA CONSTRUCTION BANK-H 2.8
MITSUBISHI UFJ FINANCIAL GRO 2.6
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD)
JPM UN JPMORGAN CHASE & CO 8.8 Equities Financials United States USD 16,736 $3,293,537 $3,293,537
BAC UN BANK OF AMERICA CORP 8.7 Equities Financials United States USD 66,836 $3,279,172 $3,279,172
WFC UN WELLS FARGO & CO 7.5 Equities Financials United States USD 35,774 $2,824,208 $2,824,208
C UN CITIGROUP INC 5.9 Equities Financials United States USD 20,155 $2,222,952 $2,222,952
HSBA LN HSBC HOLDINGS PLC 4.5 Equities Financials Britain GBP 156,716 $1,690,672 $1,690,672
RY CT ROYAL BANK OF CANADA 3.8 Equities Financials Canada CAD 12,268 $1,417,940 $1,417,940
TD CT TORONTO-DOMINION BANK 3.5 Equities Financials Canada CAD 16,282 $1,313,082 $1,313,082
USB UN US BANCORP 3.0 Equities Financials United States USD 12,971 $1,139,473 $1,139,473
939 HK CHINA CONSTRUCTION BANK-H 2.8 Equities Financials China HKD 882,000 $1,039,258 $1,039,258
8306 JT MITSUBISHI UFJ FINANCIAL GRO 2.6 Equities Financials Japan JPY 122,300 $968,489 $968,489
BNS CT BANK OF NOVA SCOTIA 2.4 Equities Financials Canada CAD 10,919 $905,708 $905,708
BNP FP BNP PARIBAS 2.2 Equities Financials France EUR 10,287 $845,920 $845,920
PNC UN PNC FINANCIAL SERVICES GROUP 2.2 Equities Financials United States USD 3,745 $842,762 $842,762
SAN SQ BANCO SANTANDER SA 2.1 Equities Financials Spain EUR 138,005 $802,235 $802,235
LLOY LN LLOYDS BANKING GROUP PLC 1.9 Equities Financials Britain GBP 583,405 $697,781 $697,781
8316 JT SUMITOMO MITSUI FINANCIAL GR 1.7 Equities Financials Japan JPY 11,900 $644,011 $644,011
BMO CT BANK OF MONTREAL 1.7 Equities Financials Canada CAD 5,717 $630,850 $630,850
INGA NA ING GROEP NV 1.6 Equities Financials Netherlands EUR 34,861 $591,632 $591,632
UBSG SW UBS GROUP AG-REG 1.5 Equities Financials Switzerland CHF 32,772 $579,386 $579,386
1398 HK IND & COMM BK OF CHINA-H 1.5 Equities Financials China HKD 528,000 $550,051 $550,051
BBD UN BANCO BRADESCO-ADR 1.5 Equities Financials Brazil USD 45,097 $548,691 $548,691
ISP IM INTESA SANPAOLO 1.4 Equities Financials Italy EUR 145,693 $542,042 $542,042
BSBR UN BANCO SANTANDER BRASIL-ADS EQUITY ADR 0.0 1.4 Equities Financials Brazil USD 33,963 $532,568 $532,568
ITUB US ITAU UNIBANCO H-SPON PRF ADR 1.4 Equities Financials Brazil USD 40,768 $525,269 $525,269
8411 JT MIZUHO FINANCIAL GROUP INC 1.4 Equities Financials Japan JPY 227,200 $523,679 $523,679
CM CT CAN IMPERIAL BK OF COMMERCE 1.3 Equities Financials Canada CAD 3,980 $481,986 $481,986
DBS SP DBS GROUP HOLDINGS LTD 1.1 Equities Financials Singapore SGD 16,000 $430,928 $430,928
BBVA SQ BANCO BILBAO VIZCAYA ARGENTA 1.1 Equities Financials Spain EUR 55,852 $430,243 $430,243
BARC LN BARCLAYS PLC 1.1 Equities Financials Britain GBP 128,093 $423,344 $423,344
CSGN SW CREDIT SUISSE GROUP AG-REG 1.1 Equities Financials Switzerland CHF 21,315 $411,422 $411,422
3988 HK BANK OF CHINA LTD-H 1.1 Equities Financials China HKD 688,000 $405,334 $405,334
OCBC SP OVERSEA-CHINESE BANKING CORP 1.0 Equities Financials Singapore SGD 34,400 $394,159 $394,159
UCG IM UNICREDIT SPA 1.0 Equities Financials Italy EUR 18,983 $391,836 $391,836
UOB SP UNITED OVERSEAS BANK LTD 1.0 Equities Financials Singapore SGD 13,095 $359,034 $359,034
GLE FP SOCIETE GENERALE SA 0.8 Equities Financials France EUR 6,675 $317,100 $317,100
NDA SS NORDEA BANK AB 0.8 Equities Financials Finland SEK 28,626 $303,555 $303,555
STAN LN STANDARD CHARTERED PLC 0.8 Equities Financials Britain GBP 22,383 $292,316 $292,316
KBC BB KBC GROEP NV 0.7 Equities Financials Belgium EUR 2,495 $268,332 $268,332
FITB UW FIFTH THIRD BANCORP 0.7 Equities Financials United States USD 5,882 $260,341 $260,341
MTB UN M & T BANK CORP 0.7 Equities Financials United States USD 1,064 $259,753 $259,753
KEY UN KEYCORP 0.6 Equities Financials United States USD 8,438 $242,639 $242,639
3968 HK CHINA MERCHANTS BANK-H 0.6 Equities Financials China HKD 33,500 $234,018 $234,018
ACA FP CREDIT AGRICOLE SA 0.6 Equities Financials France EUR 11,356 $231,939 $231,939
BDORY UV BANCO DO BRASIL SA-SPON ADR EQUITY ADR 0.0 0.6 Equities Financials Brazil USD 12,671 $217,615 $217,615
055550 KP SHINHAN FINANCIAL GROUP LTD 0.5 Equities Financials South Korea KRW 3,649 $197,899 $197,899
SHBA SS SVENSKA HANDELSBANKEN-A SHS 0.5 Equities Financials Sweden SEK 13,571 $195,798 $195,798
SBK SJ STANDARD BANK GROUP LTD 0.5 Equities Financials South Africa ZAR 12,022 $195,022 $195,022
11 HK HANG SENG BANK LTD 0.5 Equities Financials Hong Kong HKD 6,500 $192,567 $192,567
RBS LN ROYAL BANK OF SCOTLAND GROUP 0.5 Equities Financials Britain GBP 41,109 $182,017 $182,017
DNB NO DNB ASA 0.5 Equities Financials Norway NOK 7,211 $179,091 $179,091
SEBA SS SKANDINAVISKA ENSKILDA BAN-A 0.4 Equities Financials Sweden SEK 13,008 $167,693 $167,693
FSR SJ FIRSTRAND LTD 0.4 Equities Financials South Africa ZAR 26,098 $162,007 $162,007
2388 HK BOC HONG KONG HOLDINGS LTD 0.4 Equities Financials China HKD 32,000 $157,705 $157,705
PBK MK PUBLIC BANK BERHAD 0.4 Equities Financials Malaysia MYR 22,900 $153,387 $153,387
7182 JT JAPAN POST BANK CO LTD 0.4 Equities Financials Japan JPY 10,500 $152,711 $152,711
MAY MK MALAYAN BANKING BHD 0.3 Equities Financials Malaysia MYR 40,200 $121,183 $121,183
ABN NA ABN AMRO GROUP NV-CVA 0.3 Equities Financials Netherlands EUR 3,961 $98,159 $98,159
3328 HK BANK OF COMMUNICATIONS CO-H 0.2 Equities Financials China HKD 66,000 $64,066 $64,066
JPY JPY - Japanese Yen 0.2 Cash JPY 4,377,246 $59,001 $59,001
USD USD - United States Dollar 0.1 Cash USD 14,392 $21,071 $21,071
AUD AUD - Australia Dollar 0.0 Cash AUD 1,339 $1,339 $1,339
HKD HKD - Hong Kong Dollar 0.0 Cash HKD 6,645 $1,243 $1,243
SGD SGD - Singapore Dollar 0.0 Cash SGD 881 $949 $949
NOK NOK - Norwegian Krone 0.0 Cash NOK 4,617 $739 $739
CAD CAD - Canada Dollar 0.0 Cash CAD 527 $584 $584
CHF CHF - Swiss Franc 0.0 Cash CHF 260 $386 $386
EUR EUR - Euro 0.0 Cash EUR 234 $379 $379
SEK SEK - Swedish Krona 0.0 Cash SEK 2,533 $389 $389
GBP GBP - British Pound 0.0 Cash GBP 172 $332 $332
DKK DKK - Danish Krone 0.0 Cash DKK 861 $187 $187
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 296 $30 $30
KRW KRW - Korean Won Cash KRW 2 $0 $0
BBT UN BB&T CORP Equities Financials United States USD 6,512
AUD AUD - Australia Dollar FX Forwards AUD 36,680,317 $36,680,317
CAD CAD - Canada Dollar FX Forwards CAD -4,432,928 -$4,905,309
CHF CHF - Swiss Franc FX Forwards CHF -680,153 -$1,007,933
EUR EUR - Euro FX Forwards EUR -2,775,085 -$4,494,793
GBP GBP - British Pound FX Forwards GBP -1,746,007 -$3,361,196
HKD HKD - Hong Kong Dollar FX Forwards HKD -14,382,405 -$2,689,959
JPY JPY - Japanese Yen FX Forwards JPY -168,330,605 -$2,268,943
SGD SGD - Singapore Dollar FX Forwards SGD -1,118,817 -$1,204,843
USD USD - United States Dollar FX Forwards USD -11,282,350 -$16,518,814
Download CSV
* As at 9 December 2019

Sector Allocation

Financials
100.0%
* As of 31 October 2019

Country Allocation

United States
37.6%
Canada
13.0%
Britain
8.6%
China
6.6%
Japan
6.0%
Brazil
5.2%
France
3.4%
Spain
3.3%
Singapore
3.3%
Other
13.1%
* As of 31 October 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 2.39% 2.62%
3 months 12.80% 12.97%
6 months 10.42% 11.03%
1 year 4.99% 5.87%
3 year p.a 6.46% 7.07%
5 year p.a - 5.24%
Since inception (p.a) 12.48% 13.18%
Inception date 28-Jul-16 -
* As at 29 November 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 31 October 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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LEARN MORE ABOUT BNKS

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