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BetaShares Global Banks ETF - Currency Hedged
A simple and cost-effective way to gain exposure to a diversified portfolio of the world’s largest banks in a single ASX trade.
OVERVIEW
Fund Objective
BNKS aims to track the performance of an index (before fees and expenses) that comprises the largest global banks (ex-Australia), hedged into Australian dollars.
Benefits of BNKS
Access global opportunities in the financial sector
Access a portfolio of the world’s largest banks outside of Australia, including J.P. Morgan, Wells Fargo and HSBC, in one ASX trade.
Spread financial sector risk
Investing in global banks enables you to spread your financial sector risk beyond the Australian banking sector.
Cost-effective
Passive, index-tracking approach means no ‘active manager’ fees, making BNKS a cost-effective investment for those seeking exposure to global banks outside of Australia.
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 13 July 2020
| Current Price | |
|---|---|
| Last Trade* | - |
| % Change (prev day) | - |
| Bid (delayed) | - |
| Offer (delayed) | - |
*Data is delayed by at least 20 minutes.
Download NAV history
| NAV | |
|---|---|
| NAV/Unit * | $4.64 |
* As at 9 July 2020
Profile
| Net Assets* ($A) | $26,972,597 |
| Units Outstanding* (#) | 5,818,859 |
| 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 9 July 2020
**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 |
Index Methodology
Portfolio Holdings
| Name | Weight (%) |
|---|---|
| BANK OF AMERICA CORP | 7.4 |
| JPMORGAN CHASE & CO | 7.4 |
| CITIGROUP INC | 5.1 |
| ROYAL BANK OF CANADA | 4.8 |
| WELLS FARGO & CO | 4.5 |
| CHINA CONSTRUCTION BANK CORP | 4.1 |
| HSBC HOLDINGS PLC | 4.0 |
| TORONTO-DOMINION BANK/THE | 3.9 |
| MITSUBISHI UFJ FINANCIAL GROUP | 2.6 |
| BANK OF NOVA SCOTIA/THE | 2.4 |
| Ticker | Name | Weight (%) | Asset Class | Sector | Country | Currency | Shares/Unit (#) | Market Value (AUD) | Notional Value (AUD) |
|---|---|---|---|---|---|---|---|---|---|
| BAC UN | BANK OF AMERICA CORP | 7.4 | Equities | Financials | United States | USD | 60,945 | $1,993,274 | $1,993,274 |
| JPM UN | JPMORGAN CHASE & CO | 7.4 | Equities | Financials | United States | USD | 15,106 | $1,980,574 | $1,980,574 |
| C UN | CITIGROUP INC | 5.1 | Equities | Financials | United States | USD | 19,419 | $1,379,301 | $1,379,301 |
| RY CT | ROYAL BANK OF CANADA | 4.8 | Equities | Financials | Canada | CAD | 13,277 | $1,281,506 | $1,281,506 |
| WFC UN | WELLS FARGO & CO | 4.5 | Equities | Financials | United States | USD | 35,184 | $1,214,914 | $1,214,914 |
| 939 HK | CHINA CONSTRUCTION BANK CORP | 4.1 | Equities | Financials | China | HKD | 921,000 | $1,111,202 | $1,111,202 |
| HSBA LN | HSBC HOLDINGS PLC | 4.0 | Equities | Financials | Britain | GBP | 160,635 | $1,085,891 | $1,085,891 |
| TD CT | TORONTO-DOMINION BANK/THE | 3.9 | Equities | Financials | Canada | CAD | 16,843 | $1,046,275 | $1,046,275 |
| 8306 JT | MITSUBISHI UFJ FINANCIAL GROUP | 2.6 | Equities | Financials | Japan | JPY | 126,900 | $709,081 | $709,081 |
| BNS CT | BANK OF NOVA SCOTIA/THE | 2.4 | Equities | Financials | Canada | CAD | 11,324 | $648,232 | $648,232 |
| USB UN | US BANCORP | 2.3 | Equities | Financials | United States | USD | 12,668 | $622,664 | $622,664 |
| BNP FP | BNP PARIBAS SA | 2.3 | Equities | Financials | France | EUR | 10,745 | $618,805 | $618,805 |
| TFC UN | TRUIST FINANCIAL CORP | 2.3 | Equities | Financials | United States | USD | 12,591 | $607,848 | $607,848 |
| UBSG SE | UBS GROUP AG | 2.3 | Equities | Financials | Switzerland | CHF | 36,060 | $605,958 | $605,958 |
| PNC UN | PNC FINANCIAL SERVICES GROUP I | 2.1 | Equities | Financials | United States | USD | 3,965 | $562,971 | $562,971 |
| 1398 HK | INDUSTRIAL & COMMERCIAL BANK O | 1.9 | Equities | Financials | China | HKD | 552,000 | $520,726 | $520,726 |
| SAN SQ | BANCO SANTANDER SA | 1.9 | Equities | Financials | Spain | EUR | 147,521 | $520,247 | $520,247 |
| 8316 JT | SUMITOMO MITSUI FINANCIAL GROU | 1.9 | Equities | Financials | Japan | JPY | 12,800 | $517,125 | $517,125 |
| BMO CT | BANK OF MONTREAL | 1.7 | Equities | Financials | Canada | CAD | 5,977 | $448,022 | $448,022 |
| ISP IM | INTESA SANPAOLO SPA | 1.5 | Equities | Financials | Italy | EUR | 143,984 | $404,257 | $404,257 |
| 8411 JT | MIZUHO FINANCIAL GROUP INC | 1.5 | Equities | Financials | Japan | JPY | 225,400 | $401,098 | $401,098 |
| CM CT | CANADIAN IMPERIAL BANK OF COMM | 1.5 | Equities | Financials | Canada | CAD | 4,160 | $396,423 | $396,423 |
| 3988 HK | BANK OF CHINA LTD | 1.4 | Equities | Financials | China | HKD | 719,000 | $379,775 | $379,775 |
| DBS SP | DBS GROUP HOLDINGS LTD | 1.4 | Equities | Financials | Singapore | SGD | 16,700 | $373,045 | $373,045 |
| INGA NA | ING GROEP NV | 1.3 | Equities | Financials | Netherlands | EUR | 36,448 | $358,628 | $358,628 |
| OCBC SP | OVERSEA-CHINESE BANKING CORP L | 1.3 | Equities | Financials | Singapore | SGD | 37,000 | $353,126 | $353,126 |
| LLOY LN | LLOYDS BANKING GROUP PLC | 1.3 | Equities | Financials | Britain | GBP | 628,078 | $338,197 | $338,197 |
| CSGN SE | CREDIT SUISSE GROUP AG | 1.2 | Equities | Financials | Switzerland | CHF | 22,262 | $328,455 | $328,455 |
| NDA SS | NORDEA BANK ABP | 1.1 | Equities | Financials | Finland | SEK | 29,897 | $302,039 | $302,039 |
| ITUB UN | ITAU UNIBANCO HOLDING SA | 1.1 | Equities | Financials | Brazil | USD | 41,459 | $300,730 | $300,730 |
| BBD UN | BANCO BRADESCO SA | 1.1 | Equities | Financials | Brazil | USD | 51,403 | $300,503 | $300,503 |
| UOB SP | UNITED OVERSEAS BANK LTD | 1.1 | Equities | Financials | Singapore | SGD | 13,595 | $294,568 | $294,568 |
| BBVA SQ | BANCO BILBAO VIZCAYA ARGENTARI | 1.1 | Equities | Financials | Spain | EUR | 58,953 | $294,000 | $294,000 |
| BARC LN | BARCLAYS PLC | 1.0 | Equities | Financials | Britain | GBP | 134,468 | $272,628 | $272,628 |
| UCG IM | UNICREDIT SPA | 1.0 | Equities | Financials | Italy | EUR | 19,860 | $267,269 | $267,269 |
| BSBR UN | BANCO SANTANDER BRASIL SA | 1.0 | Equities | Financials | Brazil | USD | 34,268 | $265,796 | $265,796 |
| 3968 HK | CHINA MERCHANTS BANK CO LTD | 1.0 | Equities | Financials | China | HKD | 35,000 | $263,034 | $263,034 |
| DBK GY | DEUTSCHE BANK AG | 1.0 | Equities | Financials | Germany | EUR | 18,776 | $262,304 | $262,304 |
| FRC UN | FIRST REPUBLIC BANK/CA | 0.8 | Equities | Financials | United States | USD | 1,471 | $216,171 | $216,171 |
| KBC BB | KBC GROUP NV | 0.8 | Equities | Financials | Belgium | EUR | 2,607 | $214,530 | $214,530 |
| NA CT | NATIONAL BANK OF CANADA | 0.7 | Equities | Financials | Canada | CAD | 3,138 | $199,377 | $199,377 |
| SHBA SS | SVENSKA HANDELSBANKEN AB | 0.7 | Equities | Financials | Sweden | SEK | 14,356 | $198,528 | $198,528 |
| STAN LN | STANDARD CHARTERED PLC | 0.7 | Equities | Financials | Britain | GBP | 23,295 | $180,886 | $180,886 |
| GLE FP | SOCIETE GENERALE SA | 0.6 | Equities | Financials | France | EUR | 7,210 | $171,094 | $171,094 |
| SEBA SS | SKANDINAVISKA ENSKILDA BANKEN | 0.6 | Equities | Financials | Sweden | SEK | 12,980 | $170,133 | $170,133 |
| 11 HK | HANG SENG BANK LTD | 0.6 | Equities | Financials | Hong Kong | HKD | 6,500 | $157,931 | $157,931 |
| ACA FP | CREDIT AGRICOLE SA | 0.6 | Equities | Financials | France | EUR | 11,332 | $157,244 | $157,244 |
| DNB NO | DNB ASA | 0.5 | Equities | Financials | Norway | NOK | 7,606 | $146,867 | $146,867 |
| MTB UN | M&T BANK CORP | 0.5 | Equities | Financials | United States | USD | 1,048 | $143,321 | $143,321 |
| FITB UW | FIFTH THIRD BANCORP | 0.5 | Equities | Financials | United States | USD | 5,703 | $142,452 | $142,452 |
| 2388 HK | BOC HONG KONG HOLDINGS LTD | 0.5 | Equities | Financials | China | HKD | 32,000 | $139,074 | $139,074 |
| GBOOY UV | GRUPO FINANCIERO BANORTE SAB D | 0.5 | Equities | Financials | Mexico | USD | 5,100 | $131,785 | $131,785 |
| KEY UN | KEYCORP | 0.5 | Equities | Financials | United States | USD | 8,140 | $128,963 | $128,963 |
| BDORY UV | BANCO DO BRASIL SA | 0.4 | Equities | Financials | Brazil | USD | 12,554 | $116,488 | $116,488 |
| CNY | CNY - YUAN RENMINBI | 0.4 | Cash | CNY | 563,022 | $115,629 | $115,629 | ||
| 7182 JT | JAPAN POST BANK CO LTD | 0.4 | Equities | Financials | Japan | JPY | 10,400 | $113,019 | $113,019 |
| FSR SJ | FIRSTRAND LTD | 0.3 | Equities | Financials | South Africa | ZAR | 25,990 | $88,418 | $88,418 |
| RBS LN | ROYAL BANK OF SCOTLAND GROUP P | 0.3 | Equities | Financials | Britain | GBP | 41,030 | $87,711 | $87,711 |
| MAY MK | MALAYAN BANKING BHD | 0.3 | Equities | Financials | Malaysia | MYR | 32,700 | $87,160 | $87,160 |
| 3328 HK | BANK OF COMMUNICATIONS CO LTD | 0.2 | Equities | Financials | China | HKD | 66,000 | $58,591 | $58,591 |
| CAD | CAD - CANADA DOLLAR | 0.1 | Cash | CAD | 27,145 | $28,707 | $28,707 | ||
| USD | USD - UNITED STATES DOLLAR | 0.1 | Cash | USD | 12,007 | $17,246 | $17,246 | ||
| HKD | HKD - HONG KONG DOLLAR | 0.0 | Cash | HKD | 10,148 | $1,881 | $1,881 | ||
| GBP | GBP - BRITISH POUND | 0.0 | Cash | GBP | 825 | $1,494 | $1,494 | ||
| EUR | EUR - EURO | 0.0 | Cash | EUR | 564 | $915 | $915 | ||
| CHF | CHF - SWISS FRANC | 0.0 | Cash | CHF | 384 | $587 | $587 | ||
| JPY | JPY - JAPANESE YEN | 0.0 | Cash | JPY | 38,122 | $511 | $511 | ||
| SEK | SEK - SWEDISH KRONA | 0.0 | Cash | SEK | 3,350 | $521 | $521 | ||
| SGD | SGD - SINGAPORE DOLLAR | 0.0 | Cash | SGD | 502 | $518 | $518 | ||
| NOK | NOK - NORWEGIAN KRONE | 0.0 | Cash | NOK | 2,270 | $344 | $344 | ||
| DKK | DKK - DANISH KRONE | 0.0 | Cash | DKK | 855 | $186 | $186 | ||
| ZAR | ZAR - SOUTH AFRICA RAND | 0.0 | Cash | ZAR | 2,044 | $174 | $174 | ||
| KRW | KRW - KOREAN WON | Cash | KRW | 2 | $0 | $0 | |||
| MYR | MYR - MALAYSIAN RINGGIT | Cash | MYR | 5 | $2 | $2 | |||
| AUD | AUD - AUSTRALIA DOLLAR | FX Forwards | AUD | 26,408,752 | |||||
| CAD | CAD - CANADA DOLLAR | FX Forwards | CAD | -3,654,642 | |||||
| CHF | CHF - SWISS FRANC | FX Forwards | CHF | -605,859 | |||||
| EUR | EUR - EURO | FX Forwards | EUR | -2,004,323 | |||||
| GBP | GBP - BRITISH POUND | FX Forwards | GBP | -1,101,966 | |||||
| HKD | HKD - HONG KONG DOLLAR | FX Forwards | HKD | -13,271,907 | |||||
| JPY | JPY - JAPANESE YEN | FX Forwards | JPY | -131,283,117 | |||||
| SEK | SEK - SWEDISH KRONA | FX Forwards | SEK | -4,258,885 | |||||
| SGD | SGD - SINGAPORE DOLLAR | FX Forwards | SGD | -966,988 | |||||
| USD | USD - UNITED STATES DOLLAR | FX Forwards | USD | -7,218,075 | |||||
| AUD | AUD - AUSTRALIA DOLLAR | -0.1 | Cash | AUD | -23,244 | -$23,244 | -$23,244 |
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* As at 9 July 2020
Sector Allocation
| Financials | 100.0% |
* As of 31 May 2020
Country Allocation
| United States | 37.6% |
| Canada | 14.6% |
| China | 8.8% |
| Britain | 7.2% |
| Japan | 6.8% |
| Singapore | 3.5% |
| Brazil | 3.2% |
| France | 3.2% |
| Switzerland | 3.2% |
| Other | 11.9% |
* As of 31 May 2020
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 2.19% | 2.30% |
| 3 months | 5.43% | 6.67% |
| 6 months | -32.32% | -30.79% |
| 1 year | -26.35% | -24.25% |
| 3 year p.a | -9.54% | -8.33% |
| 5 year p.a | - | -2.69% |
| Since inception (p.a) | 0.81% | 1.89% |
| Inception date | 28-Jul-16 | - |
* As at 30 June 2020
Chart
Chart Type
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
DISTRIBUTIONS
Yield Information
| Distribution Frequency | Semi-Annual |
| 12 Mth Distribution Yield* (%) | 2.7% |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
*As at 31 May 2020. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Past performance is not an indicator of future performance.
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.12469 | 2.13% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.08651 | 3.79% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.2187 | 3.80% |
| 2-Jan-18 | 3-Jan-18 | 17-Jan-18 | $0.04695 | 2.55% |
| 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.
RESOURCES
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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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Notice of Modifications to Fund Constitution – AMIT Tax Regime |
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Index Methodology |
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Interim Financial Report 2018 |
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NRWT and Fund Payment Notice information - December 2019 distributions |
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2020 BetaShares Distribution Calendar |
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