Global Banks ETF – Currency Hedged

BNKS

Exposure to the largest global banks (ex-Australia) in a single trade

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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 Bank of America, RBC 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.

There are risks associated with an investment in BNKS, including market risk, international investment risk, banking sector risk and concentration risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

 

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

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $7.28

* As at 10 April 2024

Profile

Net assets* ($A) $37,493,777
Units outstanding* (#) 5,152,123
Management fee and cost** (p.a.) 0.57%
Distribution frequency Semi-annual
Distribution reinvestment plan (DRP) Full or partial participation available
Issuer Betashares Capital Ltd
Registry Link Market Services

* As at 10 April 2024

**Certain additional costs apply. Please refer to PDS.

Trading information

ASX code BNKS
Bloomberg code BNKS AU
IRESS code BNKS.AXW
iNAV IRESS code N/A
Market makers Susquehanna Pacific

Index information

Index Nasdaq Global ex-Australia Banks Hedged AUD Index
Index provider Nasdaq
Index ticker N/A
Bloomberg index ticker NQXAUHBN Index

Holdings & allocation

Portfolio holdings

Name Weight (%)
BANK OF AMERICA CORP 8.1%
JPMORGAN CHASE & CO 8.1%
WELLS FARGO & CO 6.7%
ROYAL BANK OF CANADA 4.6%
MITSUBISHI UFJ FINANCIAL GROUP 4.1%
HSBC HOLDINGS PLC 4.0%
CITIGROUP INC 3.8%
TORONTO-DOMINION BANK/THE 3.4%
SUMITOMO MITSUI FINANCIAL GROU 2.6%
BANCO SANTANDER SA 2.3%

* As at 11 April 2024. Excludes cash

Sector allocation

Diversified Banks
95.1%
Regional Banks
2.4%
Consumer Finance
1.0%
Diversified Capital Markets
1.0%
Diversified Financial Services
0.5%

* As of 28 March 2024

Country allocation

United States
35.6%
Canada
14.9%
Japan
8.7%
Britain
6.9%
Spain
5.1%
China
5.0%
Italy
3.9%
Singapore
3.9%
France
2.8%
Other
13.3%

* As of 28 March 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month 7.08% 7.12%
3 months 11.54% 11.64%
6 months 22.89% 23.23%
1 year 30.01% 30.62%
3 year p.a. 7.42% 7.90%
5 year p.a. 5.47% 6.38%
10 year p.a. - 5.45%
Since inception (p.a.) 7.74% 8.55%
Inception date 28-Jul-16 -

* As at 28 March 2024.
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.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Semi-annual
12 mth distribution yield* 1.7%

*As at 28 March 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
2-Jan-24 3-Jan-24 17-Jan-24 $0.12679 2.11%
3-Jul-23 4-Jul-23 18-Jul-23 - 2.36%
3-Jan-23 4-Jan-23 18-Jan-23 $0.134179 1.94%
1-Jul-22 4-Jul-22 18-Jul-22 - 0.94%
4-Jan-22 5-Jan-22 19-Jan-22 $0.071422 5.08%
1-Jul-21 2-Jul-21 16-Jul-21 $0.184194 5.54%
4-Jan-21 5-Jan-21 19-Jan-21 $0.061863 1.03%
2-Jan-20 3-Jan-20 17-Jan-20 $0.124689 2.13%
2-Jan-19 3-Jan-19 17-Jan-19 $0.086511 3.79%
2-Jul-18 3-Jul-18 17-Jul-18 $0.218699 3.80%
2-Jan-18 3-Jan-18 17-Jan-18 $0.046953 2.55%
3-Jul-17 4-Jul-17 18-Jul-17 $0.107144 -

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. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.

Announcements

ASX announcements: BNKS

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