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 22 May 2019

Current Price
Last Trade* $6.36
% Change (prev day) 0%
Bid (delayed) $6.36
Offer (delayed) $6.55
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.36
* As at 20 May 2019

Profile

Net Assets* ($A) $58,574,344
Units Outstanding* (#) 9,216,025
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 20 May 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 8.1
WELLS FARGO & CO 6.8
HSBC HOLDINGS PLC 5.2
CITIGROUP INC 5.1
ROYAL BANK OF CANADA 4.0
TORONTO-DOMINION BANK/THE 3.6
CHINA CONSTRUCTION BANK CORP 2.8
US BANCORP 2.7
BANCO SANTANDER SA 2.5
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 32,615 $5,292,004 $5,292,004
BAC UN BANK OF AMERICA CORP 8.1 Equities Financials United States USD 117,046 $4,876,633 $4,876,633
WFC UN WELLS FARGO & CO 6.8 Equities Financials United States USD 60,884 $4,096,363 $4,096,363
HSBA LN HSBC HOLDINGS PLC 5.2 Equities Financials Britain GBP 259,302 $3,122,016 $3,122,016
C UN CITIGROUP INC 5.1 Equities Financials United States USD 32,162 $3,086,356 $3,086,356
RY CT ROYAL BANK OF CANADA 4.0 Equities Financials Canada CAD 21,112 $2,406,526 $2,406,526
TD CT TORONTO-DOMINION BANK/THE 3.6 Equities Financials Canada CAD 26,955 $2,172,113 $2,172,113
939 HK CHINA CONSTRUCTION BANK CORP 2.8 Equities Financials China HKD 1,450,000 $1,692,784 $1,692,784
USB UN US BANCORP 2.7 Equities Financials United States USD 21,656 $1,632,220 $1,632,220
SAN SQ BANCO SANTANDER SA 2.5 Equities Financials Spain EUR 224,456 $1,491,097 $1,491,097
8306 JT MITSUBISHI UFJ FINANCIAL GROUP 2.3 Equities Financials Japan JPY 210,800 $1,406,570 $1,406,570
BNS CT BANK OF NOVA SCOTIA/THE 2.3 Equities Financials Canada CAD 18,008 $1,400,796 $1,400,796
PNC UN PNC FINANCIAL SERVICES GROUP I 2.0 Equities Financials United States USD 6,385 $1,224,703 $1,224,703
BNP FP BNP PARIBAS SA 1.9 Equities Financials France EUR 15,990 $1,166,456 $1,166,456
LLOY LN LLOYDS BANKING GROUP PLC 1.8 Equities Financials Britain GBP 994,238 $1,110,294 $1,110,294
BMO CT BANK OF MONTREAL 1.8 Equities Financials Canada CAD 9,389 $1,064,439 $1,064,439
8316 JT SUMITOMO MITSUI FINANCIAL GROU 1.7 Equities Financials Japan JPY 20,500 $1,036,608 $1,036,608
UBSG SW UBS GROUP AG 1.6 Equities Financials Switzerland CHF 53,832 $938,696 $938,696
1398 HK INDUSTRIAL & COMMERCIAL BANK O 1.6 Equities Financials China HKD 906,000 $938,686 $938,686
INGA NA ING GROEP NV 1.5 Equities Financials Netherlands EUR 57,234 $933,115 $933,115
BBD UN BANCO BRADESCO SA 1.5 Equities Financials Brazil USD 72,761 $911,890 $911,890
BSBR UN BANCO SANTANDER BRASIL SA 1.5 Equities Financials Brazil USD 55,882 $885,380 $885,380
8411 JT MIZUHO FINANCIAL GROUP INC 1.3 Equities Financials Japan JPY 388,500 $806,419 $806,419
CM CT CANADIAN IMPERIAL BANK OF COMM 1.3 Equities Financials Canada CAD 6,517 $791,728 $791,728
ITUB US ITAU UNIBANCO HOLDING SA 1.3 Equities Financials Brazil USD 66,162 $790,754 $790,754
ISP IM INTESA SANPAOLO SPA 1.3 Equities Financials Italy EUR 239,477 $767,584 $767,584
BBVA SQ BANCO BILBAO VIZCAYA ARGENTARI 1.3 Equities Financials Spain EUR 92,177 $764,704 $764,704
BBT UN BB&T CORP 1.3 Equities Financials United States USD 10,669 $755,785 $755,785
3988 HK BANK OF CHINA LTD 1.2 Equities Financials China HKD 1,131,000 $744,932 $744,932
DBS SP DBS GROUP HOLDINGS LTD 1.2 Equities Financials Singapore SGD 26,300 $713,944 $713,944
OCBC SP OVERSEA-CHINESE BANKING CORP L 1.1 Equities Financials Singapore SGD 55,600 $650,289 $650,289
CSGN SW CREDIT SUISSE GROUP AG 1.0 Equities Financials Switzerland CHF 35,710 $616,539 $616,539
BARC LN BARCLAYS PLC 0.9 Equities Financials Britain GBP 194,031 $562,108 $562,108
UCG IM UNICREDIT SPA 0.9 Equities Financials Italy EUR 31,158 $522,432 $522,432
NDA SS NORDEA BANK ABP 0.9 Equities Financials Finland SEK 47,053 $511,931 $511,931
UOB SP UNITED OVERSEAS BANK LTD 0.8 Equities Financials Singapore SGD 19,495 $510,505 $510,505
STAN LN STANDARD CHARTERED PLC 0.8 Equities Financials Britain GBP 38,449 $487,122 $487,122
MTB UN M&T BANK CORP 0.7 Equities Financials United States USD 1,813 $437,848 $437,848
GLE FP SOCIETE GENERALE SA 0.7 Equities Financials France EUR 10,337 $422,999 $422,999
KBC BB KBC GROUP NV 0.7 Equities Financials Belgium EUR 4,100 $406,411 $406,411
11 HK HANG SENG BANK LTD 0.7 Equities Financials Hong Kong HKD 10,700 $399,493 $399,493
3968 HK CHINA MERCHANTS BANK CO LTD 0.6 Equities Financials China HKD 55,500 $385,060 $385,060
SBK SJ STANDARD BANK GROUP LTD 0.6 Equities Financials South Africa ZAR 19,756 $384,642 $384,642
055550 KP SHINHAN FINANCIAL GROUP CO LTD 0.6 Equities Financials South Korea KRW 6,276 $348,356 $348,356
SHBA SS SVENSKA HANDELSBANKEN AB 0.6 Equities Financials Sweden SEK 22,178 $337,077 $337,077
ACA FP CREDIT AGRICOLE SA 0.6 Equities Financials France EUR 18,549 $336,967 $336,967
BDORY UV BANCO DO BRASIL SA 0.5 Equities Financials Brazil USD 17,809 $312,679 $312,679
DNB NO DNB ASA 0.5 Equities Financials Norway NOK 12,169 $312,145 $312,145
2388 HK BOC HONG KONG HOLDINGS LTD 0.5 Equities Financials China HKD 53,000 $301,036 $301,036
SWEDA SS SWEDBANK AB 0.5 Equities Financials Sweden SEK 13,651 $294,783 $294,783
PBK MK PUBLIC BANK BHD 0.5 Equities Financials Malaysia MYR 37,700 $294,484 $294,484
SEBA SS SKANDINAVISKA ENSKILDA BANKEN 0.5 Equities Financials Sweden SEK 21,381 $287,126 $287,126
FSR SJ FIRSTRAND LTD 0.5 Equities Financials South Africa ZAR 42,898 $280,192 $280,192
RBS LN ROYAL BANK OF SCOTLAND GROUP P 0.5 Equities Financials Britain GBP 67,334 $280,175 $280,175
7182 JT JAPAN POST BANK CO LTD 0.5 Equities Financials Japan JPY 17,900 $271,611 $271,611
CABK SQ CAIXABANK SA 0.4 Equities Financials Spain EUR 52,780 $240,026 $240,026
MAY MK MALAYAN BANKING BHD 0.3 Equities Financials Malaysia MYR 66,600 $208,045 $208,045
ABN NA ABN AMRO GROUP NV 0.3 Equities Financials Netherlands EUR 6,095 $189,876 $189,876
3328 HK BANK OF COMMUNICATIONS CO LTD 0.2 Equities Financials China HKD 108,000 $123,086 $123,086
USD USD - United States Dollar 0.2 Cash USD 68,302 $99,190 $99,190
EUR EUR - Euro 0.1 Cash EUR 54,226 $87,914 $87,914
JPY JPY - Japanese Yen 0.1 Cash JPY 5,409,440 $71,066 $71,066
SGD SGD - Singapore Dollar 0.1 Cash SGD 54,836 $57,831 $57,831
GBP GBP - British Pound 0.1 Cash GBP 29,028 $53,563 $53,563
CAD CAD - Canada Dollar 0.1 Cash CAD 28,031 $30,372 $30,372
CHF CHF - Swiss Franc 0.0 Cash CHF 12,671 $18,200 $18,200
HKD HKD - Hong Kong Dollar 0.0 Cash HKD 79,932 $14,788 $14,788
NOK NOK - Norwegian Krone 0.0 Cash NOK 88,315 $14,644 $14,644
AUD AUD - Australia Dollar 0.0 Cash AUD 10,795 $10,795 $10,795
MYR MYR - Malaysian Ringgit 0.0 Cash MYR 21,312 $7,405 $7,405
SEK SEK - Swedish Krona 0.0 Cash SEK 8,773 $1,320 $1,320
DKK DKK - Danish Krone 0.0 Cash DKK 4,890 $1,062 $1,062
ZAR ZAR - South Africa Rand 0.0 Cash ZAR 7,499 $757 $757
KRW KRW - Korean Won Cash KRW 80 $0 $0
AUD AUD - Australia Dollar FX Forwards AUD 60,029,281 $60,029,281
CAD CAD - Canada Dollar FX Forwards CAD -7,345,478 -$7,959,127
CHF CHF - Swiss Franc FX Forwards CHF -1,229,518 -$1,766,041
EUR EUR - Euro FX Forwards EUR -4,925,940 -$7,986,284
GBP GBP - British Pound FX Forwards GBP -3,097,021 -$5,714,694
HKD HKD - Hong Kong Dollar FX Forwards HKD -26,704,020 -$4,940,614
JPY JPY - Japanese Yen FX Forwards JPY -287,115,726 -$3,771,982
SEK SEK - Swedish Krona FX Forwards SEK -10,103,153 -$1,520,346
SGD SGD - Singapore Dollar FX Forwards SGD -1,962,462 -$2,069,671
USD USD - United States Dollar FX Forwards USD -17,541,840 -$25,474,644
Download CSV
* As at 21 May 2019

Sector Allocation

Financials
100.0%
* As of 30 April 2019

Country Allocation

United States
35.3%
Canada
12.6%
Britain
9.2%
China
7.1%
Japan
5.7%
Brazil
4.8%
Spain
4.3%
Singapore
3.3%
France
3.3%
Other
14.4%
* As of 30 April 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 7.56% 7.64%
3 months 5.31% 5.95%
6 months 4.64% 5.23%
1 year -4.49% -3.50%
3 year p.a - -
5 year p.a - -
Since inception (p.a) 14.69% 15.37%
Inception date 28-Jul-16 -
* As at 30 April 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* (%) 4.5%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 April 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 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 2018
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