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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 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.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 16 May 2022
| 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* | $6.05 |
* As at 13 May 2022
Profile
| Net Assets* ($A) | $117,635,710 |
| Units Outstanding* (#) | 19,434,340 |
| 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 | Citigroup Pty Limited |
| Custodian | Citigroup Pty Limited |
| Registry | Link Market Services |
| Auditor | KPMG |
* As at 13 May 2022
**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 |
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 (%) |
|---|---|
| JPMORGAN CHASE & CO | 7.8 |
| BANK OF AMERICA CORP | 7.5 |
| WELLS FARGO & CO | 6.1 |
| ROYAL BANK OF CANADA | 5.3 |
| TORONTO-DOMINION BANK/THE | 5.0 |
| HSBC HOLDINGS PLC | 4.0 |
| CITIGROUP INC | 3.5 |
| MITSUBISHI UFJ FINANCIAL GROUP | 3.0 |
| BANK OF NOVA SCOTIA/THE | 2.9 |
| CHINA CONSTRUCTION BANK CORP | 2.6 |
| Ticker | Name | Weight (%) | Asset Class | Sector | Country | Currency | Shares/Unit (#) | Market Value (AUD) | Notional Value (AUD) |
|---|---|---|---|---|---|---|---|---|---|
| JPM UN | JPMORGAN CHASE & CO | 7.8 | Equities | Financials | United States | USD | 54,595 | $9,285,870 | $9,285,870 |
| BAC UN | BANK OF AMERICA CORP | 7.5 | Equities | Financials | United States | USD | 175,148 | $8,850,779 | $8,850,779 |
| WFC UN | WELLS FARGO & CO | 6.1 | Equities | Financials | United States | USD | 119,975 | $7,227,889 | $7,227,889 |
| RY CT | ROYAL BANK OF CANADA | 5.3 | Equities | Financials | Canada | CAD | 44,682 | $6,247,704 | $6,247,704 |
| TD CT | TORONTO-DOMINION BANK/THE | 5.0 | Equities | Financials | Canada | CAD | 57,330 | $5,882,017 | $5,882,017 |
| HSBA LN | HSBC HOLDINGS PLC | 4.0 | Equities | Financials | Britain | GBP | 551,725 | $4,713,748 | $4,713,748 |
| C UN | CITIGROUP INC | 3.5 | Equities | Financials | United States | USD | 62,440 | $4,189,058 | $4,189,058 |
| 8306 JT | MITSUBISHI UFJ FINANCIAL GROUP | 3.0 | Equities | Financials | Japan | JPY | 430,100 | $3,498,628 | $3,498,628 |
| BNS CT | BANK OF NOVA SCOTIA/THE | 2.9 | Equities | Financials | Canada | CAD | 37,964 | $3,402,530 | $3,402,530 |
| 939 HK | CHINA CONSTRUCTION BANK CORP | 2.6 | Equities | Financials | China | HKD | 3,107,000 | $3,074,148 | $3,074,148 |
| PNC UN | PNC FINANCIAL SERVICES GROUP I | 2.6 | Equities | Financials | United States | USD | 13,190 | $3,027,618 | $3,027,618 |
| BMO CT | BANK OF MONTREAL | 2.5 | Equities | Financials | Canada | CAD | 20,440 | $2,981,403 | $2,981,403 |
| USB UN | US BANCORP | 2.5 | Equities | Financials | United States | USD | 42,564 | $2,980,093 | $2,980,093 |
| TFC UN | TRUIST FINANCIAL CORP | 2.4 | Equities | Financials | United States | USD | 41,864 | $2,803,199 | $2,803,199 |
| BNP FP | BNP PARIBAS SA | 2.2 | Equities | Financials | France | EUR | 33,460 | $2,580,913 | $2,580,913 |
| CM CT | CANADIAN IMPERIAL BANK OF COMM | 1.8 | Equities | Financials | Canada | CAD | 14,215 | $2,144,619 | $2,144,619 |
| SAN SQ | BANCO SANTANDER SA | 1.7 | Equities | Financials | Spain | EUR | 519,263 | $2,067,313 | $2,067,313 |
| 8316 JT | SUMITOMO MITSUI FINANCIAL GROU | 1.6 | Equities | Financials | Japan | JPY | 43,500 | $1,853,169 | $1,853,169 |
| DBS SP | DBS GROUP HOLDINGS LTD | 1.6 | Equities | Financials | Singapore | SGD | 57,600 | $1,850,492 | $1,850,492 |
| LLOY LN | LLOYDS BANKING GROUP PLC | 1.4 | Equities | Financials | Britain | GBP | 2,127,226 | $1,615,158 | $1,615,158 |
| ISP IM | INTESA SANPAOLO SPA | 1.4 | Equities | Financials | Italy | EUR | 545,094 | $1,604,776 | $1,604,776 |
| INGA NA | ING GROEP NV | 1.3 | Equities | Financials | Netherlands | EUR | 115,676 | $1,545,876 | $1,545,876 |
| OCBC SP | OVERSEA-CHINESE BANKING CORP L | 1.3 | Equities | Financials | Singapore | SGD | 127,400 | $1,541,767 | $1,541,767 |
| 1398 HK | INDUSTRIAL & COMMERCIAL BANK O | 1.3 | Equities | Financials | China | HKD | 1,860,000 | $1,526,213 | $1,526,213 |
| NDA SS | NORDEA BANK ABP | 1.2 | Equities | Financials | Finland | SEK | 101,849 | $1,414,298 | $1,414,298 |
| BBVA SQ | BANCO BILBAO VIZCAYA ARGENTARI | 1.2 | Equities | Financials | Spain | EUR | 198,864 | $1,404,878 | $1,404,878 |
| 8411 JT | MIZUHO FINANCIAL GROUP INC | 1.2 | Equities | Financials | Japan | JPY | 80,400 | $1,368,722 | $1,368,722 |
| 3988 HK | BANK OF CHINA LTD | 1.1 | Equities | Financials | China | HKD | 2,478,000 | $1,355,540 | $1,355,540 |
| UOB SP | UNITED OVERSEAS BANK LTD | 1.1 | Equities | Financials | Singapore | SGD | 45,895 | $1,332,987 | $1,332,987 |
| DFS UN | DISCOVER FINANCIAL SERVICES | 1.0 | Equities | Financials | United States | USD | 7,903 | $1,154,134 | $1,154,134 |
| BARC LN | BARCLAYS PLC | 1.0 | Equities | Financials | Britain | GBP | 443,672 | $1,144,388 | $1,144,388 |
| SANB11 BS | BANCO SANTANDER BRASIL SA | 0.9 | Equities | Financials | Brazil | BRL | 119,200 | $1,111,244 | $1,111,244 |
| SIVB UW | SVB FINANCIAL GROUP | 0.9 | Equities | Financials | United States | USD | 1,739 | $1,091,435 | $1,091,435 |
| FRC UN | FIRST REPUBLIC BANK/CA | 0.9 | Equities | Financials | United States | USD | 5,369 | $1,083,161 | $1,083,161 |
| NA CT | NATIONAL BANK OF CANADA | 0.9 | Equities | Financials | Canada | CAD | 10,662 | $1,056,328 | $1,056,328 |
| FITB UW | FIFTH THIRD BANCORP | 0.8 | Equities | Financials | United States | USD | 18,749 | $966,627 | $966,627 |
| ITUB4 BS | ITAU UNIBANCO HOLDING SA | 0.8 | Equities | Financials | Brazil | BRL | 134,400 | $936,936 | $936,936 |
| BBDC4 BS | BANCO BRADESCO SA | 0.8 | Equities | Financials | Brazil | BRL | 169,138 | $914,298 | $914,298 |
| 3968 HK | CHINA MERCHANTS BANK CO LTD | 0.8 | Equities | Financials | China | HKD | 118,500 | $904,912 | $904,912 |
| UCG IM | UNICREDIT SPA | 0.8 | Equities | Financials | Italy | EUR | 62,451 | $903,829 | $903,829 |
| MTB UN | M&T BANK CORP | 0.7 | Equities | Financials | United States | USD | 3,620 | $864,471 | $864,471 |
| DBK GY | DEUTSCHE BANK AG | 0.7 | Equities | Financials | Germany | EUR | 61,238 | $839,048 | $839,048 |
| HBAN UW | HUNTINGTON BANCSHARES INC/OH | 0.7 | Equities | Financials | United States | USD | 42,610 | $790,802 | $790,802 |
| RF UN | REGIONS FINANCIAL CORP | 0.7 | Equities | Financials | United States | USD | 27,472 | $784,575 | $784,575 |
| SEBA SS | SKANDINAVISKA ENSKILDA BANKEN | 0.6 | Equities | Financials | Sweden | SEK | 49,933 | $760,016 | $760,016 |
| STAN LN | STANDARD CHARTERED PLC | 0.6 | Equities | Financials | Britain | GBP | 75,543 | $754,362 | $754,362 |
| CFG UN | CITIZENS FINANCIAL GROUP INC | 0.6 | Equities | Financials | United States | USD | 13,556 | $738,157 | $738,157 |
| GLE FP | SOCIETE GENERALE SA | 0.6 | Equities | Financials | France | EUR | 21,373 | $736,110 | $736,110 |
| KBC BB | KBC GROUP NV | 0.6 | Equities | Financials | Belgium | EUR | 8,147 | $673,029 | $673,029 |
| ACA FP | CREDIT AGRICOLE SA | 0.6 | Equities | Financials | France | EUR | 44,164 | $666,734 | $666,734 |
| KEY UN | KEYCORP | 0.6 | Equities | Financials | United States | USD | 24,857 | $663,689 | $663,689 |
| NWG LN | NATWEST GROUP PLC | 0.5 | Equities | Financials | Britain | GBP | 173,702 | $637,644 | $637,644 |
| SWEDA SS | SWEDBANK AB | 0.5 | Equities | Financials | Sweden | SEK | 29,259 | $628,214 | $628,214 |
| 2388 HK | BOC HONG KONG HOLDINGS LTD | 0.5 | Equities | Financials | China | HKD | 113,500 | $602,128 | $602,128 |
| CABK SQ | CAIXABANK SA | 0.5 | Equities | Financials | Spain | EUR | 137,203 | $591,836 | $591,836 |
| 11 HK | HANG SENG BANK LTD | 0.5 | Equities | Financials | Hong Kong | HKD | 22,900 | $572,542 | $572,542 |
| DNB NO | DNB BANK ASA | 0.5 | Equities | Norway | NOK | 21,502 | $572,359 | $572,359 | |
| FSR SJ | FIRSTRAND LTD | 0.4 | Equities | Financials | South Africa | ZAR | 83,104 | $494,922 | $494,922 |
| MAY MK | MALAYAN BANKING BHD | 0.4 | Equities | Financials | Malaysia | MYR | 146,000 | $438,237 | $438,237 |
| 3328 HK | BANK OF COMMUNICATIONS CO LTD | 0.2 | Equities | Financials | China | HKD | 232,000 | $217,622 | $217,622 |
| AUD | AUD - AUSTRALIA DOLLAR | FX Forwards | AUD | 120,555,164 | $120,555,164 | ||||
| BRL | BRL - BRAZILIAN REAL | FX Forwards | BRL | -10,027,368 | -$2,854,360 | ||||
| CAD | CAD - CANADA DOLLAR | FX Forwards | CAD | -20,207,029 | -$22,542,424 | ||||
| EUR | EUR - EURO | FX Forwards | EUR | -9,111,346 | -$13,670,437 | ||||
| GBP | GBP - BRITISH POUND | FX Forwards | GBP | -5,193,158 | -$9,178,434 | ||||
| HKD | HKD - HONG KONG DOLLAR | FX Forwards | HKD | -47,331,911 | -$8,688,580 | ||||
| JPY | JPY - JAPANESE YEN | FX Forwards | JPY | -617,851,650 | -$6,890,436 | ||||
| MYR | MYR - MALAYSIAN RINGGIT | FX Forwards | MYR | -1,306,558 | -$432,392 | ||||
| NOK | NOK - NORWEGIAN KRONE | FX Forwards | NOK | -3,983,577 | -$587,795 | ||||
| SEK | SEK - SWEDISH KRONA | FX Forwards | SEK | -20,173,733 | -$2,888,606 | ||||
| SGD | SGD - SINGAPORE DOLLAR | FX Forwards | SGD | -4,816,087 | -$4,981,472 | ||||
| USD | USD - UNITED STATES DOLLAR | FX Forwards | USD | -34,296,525 | -$49,418,624 | ||||
| ZAR | ZAR - SOUTH AFRICA RAND | FX Forwards | ZAR | -5,750,984 | -$512,643 |
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* As at 13 May 2022. Excludes cash
Sector Allocation
| Diversified Banks | 86.6% |
| Regional Banks | 11.2% |
| Consumer Finance | 1.1% |
| Diversified Capital Markets | 0.7% |
| Other Diversified Financial Services | 0.4% |
* As of 29 April 2022
Country Allocation
| United States | 39.8% |
| Canada | 18.2% |
| Britain | 7.5% |
| China | 6.5% |
| Japan | 5.5% |
| Singapore | 4.0% |
| Spain | 3.4% |
| France | 3.2% |
| Brazil | 2.4% |
| Other | 9.5% |
* As of 29 April 2022
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -7.41% | -7.45% |
| 3 months | -13.14% | -13.13% |
| 6 months | -10.80% | -10.64% |
| 1 year | -3.18% | -2.81% |
| 3 year p.a | -0.71% | 0.37% |
| 5 year p.a | 1.04% | 2.01% |
| Since inception (p.a) | 6.39% | 7.29% |
| Inception date | 28-Jul-16 | - |
* As at 29 April 2022
Chart
Chart Type
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
DISTRIBUTIONS
Yield Information
| Distribution Frequency | Semi-Annual |
| 12 Mth Distribution Yield* (%) | 4.1% |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
*As at 29 April 2022. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Past performance is not an indicator of future performance.
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 04-Jan-22 | 05-Jan-22 | 19-Jan-22 | $0.07142 | 3.63% |
| 01-Jul-21 | 02-Jul-21 | 16-Jul-21 | $0.18419 | 0.92% |
| 04-Jan-21 | 05-Jan-21 | 19-Jan-21 | $0.06186 | 2.26% |
| 02-Jan-20 | 03-Jan-20 | 17-Jan-20 | $0.12469 | 1.23% |
| 02-Jan-19 | 03-Jan-19 | 17-Jan-19 | $0.08651 | 4.45% |
| 02-Jul-18 | 03-Jul-18 | 17-Jul-18 | $0.2187 | 2.22% |
| 02-Jan-18 | 03-Jan-18 | 17-Jan-18 | $0.04695 | 1.43% |
| 03-Jul-17 | 04-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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Product Disclosure Statement - Global Sector Series |
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Product Disclosure Statement Update – 4 October 2021 |
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Interim Financial Report - December 2021 |
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Annual Report - June 2021 |
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NRWT and Fund Payment Notice information - December 2021 distributions |
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NRWT and Fund Payment Notice information - June 2021 distributions |
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