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BetaShares Global Energy Companies ETF - Currency Hedged
A simple and cost-effective way to gain exposure to a diversified portfolio of the world’s largest energy companies in a single ASX trade.
OVERVIEW
Fund Objective
FUEL aims to track the performance of an index (before fees and expenses) that comprises the largest global energy companies (ex-Australia), hedged into Australian dollars.
Benefits of FUEL
Convenient access to global energy companies
Access a portfolio of the world’s largest energy companies, including Chevron, ExxonMobil and Royal Dutch Shell, in one ASX trade.
Diversified energy exposure
FUEL offers exposure to energy companies that are larger, more geographically diversified, and more vertically integrated than Australian-listed energy companies.
Cost-effective
Passive, index-tracking approach means no ‘active manager’ fees, making FUEL a cost-effective investment for those seeking exposure to the global energy sector.How to Invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund required no minimum investment.
KEY FACTS
Pricing Information 23 September 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 * | $3.16 |
* As at 21 September 2020
Profile
| Net Assets* ($A) | $166,170,928 |
| Units Outstanding* (#) | 52,619,650 |
| 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 21 September 2020
* As of close of previous trading day
**Certain additional costs apply. Please refer to PDS.
**Certain additional costs apply. Please refer to PDS.
Trading Information
| ASX Code | FUEL |
| Bloomberg Code | FUEL AU |
| IRESS Code | FUEL.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 Energy Hedged AUD Index |
| Index Provider | Nasdaq |
| Index Ticker | N/A |
| Bloomberg Index Ticker | NQXAUHEN Index |
Index Methodology
Portfolio Holdings
| Name | Weight (%) |
|---|---|
| EXXON MOBIL CORP | 8.1 |
| CHEVRON CORP | 8.1 |
| TOTAL SA | 7.9 |
| ENBRIDGE INC | 6.7 |
| BP PLC | 6.2 |
| TC ENERGY CORP | 4.3 |
| CONOCOPHILLIPS | 4.0 |
| ROYAL DUTCH SHELL PLC | 3.9 |
| ROYAL DUTCH SHELL PLC | 3.9 |
| VESTAS WIND SYSTEMS A/S | 3.4 |
| Ticker | Name | Weight (%) | Asset Class | Sector | Country | Currency | Shares/Unit (#) | Market Value (AUD) | Notional Value (AUD) |
|---|---|---|---|---|---|---|---|---|---|
| XOM UN | EXXON MOBIL CORP | 8.1 | Equities | Energy | United States | USD | 264,795 | $13,353,380 | $13,353,380 |
| CVX UN | CHEVRON CORP | 8.1 | Equities | Energy | United States | USD | 126,009 | $13,309,090 | $13,309,090 |
| FP FP | TOTAL SA | 7.9 | Equities | Energy | France | EUR | 267,163 | $12,938,192 | $12,938,192 |
| ENB CT | ENBRIDGE INC | 6.7 | Equities | Energy | Canada | CAD | 263,159 | $10,937,366 | $10,937,366 |
| BP/ LN | BP PLC | 6.2 | Equities | Energy | Britain | GBP | 2,448,791 | $10,255,067 | $10,255,067 |
| TRP CT | TC ENERGY CORP | 4.3 | Equities | Energy | Canada | CAD | 112,968 | $6,990,460 | $6,990,460 |
| COP UN | CONOCOPHILLIPS | 4.0 | Equities | Energy | United States | USD | 139,561 | $6,638,034 | $6,638,034 |
| RDSB LN | ROYAL DUTCH SHELL PLC | 3.9 | Equities | Energy | Netherlands | GBP | 371,527 | $6,363,931 | $6,363,931 |
| RDSA LN | ROYAL DUTCH SHELL PLC | 3.9 | Equities | Energy | Netherlands | GBP | 356,824 | $6,360,869 | $6,360,869 |
| VWS DC | VESTAS WIND SYSTEMS A/S | 3.4 | Equities | Industrials | Denmark | DKK | 26,094 | $5,513,501 | $5,513,501 |
| KMI UN | KINDER MORGAN INC | 3.0 | Equities | Energy | United States | USD | 280,992 | $5,002,155 | $5,002,155 |
| PSX UN | PHILLIPS 66 | 2.9 | Equities | Energy | United States | USD | 60,911 | $4,715,038 | $4,715,038 |
| NESTE FH | NESTE OYJ | 2.8 | Equities | Energy | Finland | EUR | 60,082 | $4,639,986 | $4,639,986 |
| SLB UN | SCHLUMBERGER LTD | 2.8 | Equities | Energy | United States | USD | 193,614 | $4,628,618 | $4,628,618 |
| WMB UN | WILLIAMS COS INC/THE | 2.8 | Equities | Energy | United States | USD | 160,805 | $4,601,107 | $4,601,107 |
| ENI IM | ENI SPA | 2.4 | Equities | Energy | Italy | EUR | 354,831 | $4,017,064 | $4,017,064 |
| MPC UN | MARATHON PETROLEUM CORP | 2.2 | Equities | Energy | United States | USD | 85,314 | $3,690,563 | $3,690,563 |
| SU CT | SUNCOR ENERGY INC | 2.1 | Equities | Energy | Canada | CAD | 199,966 | $3,511,933 | $3,511,933 |
| VLO UN | VALERO ENERGY CORP | 2.1 | Equities | Energy | United States | USD | 53,462 | $3,504,928 | $3,504,928 |
| EOG UN | EOG RESOURCES INC | 2.1 | Equities | Energy | United States | USD | 64,158 | $3,446,805 | $3,446,805 |
| CNQ CT | CANADIAN NATURAL RESOURCES LTD | 2.0 | Equities | Energy | Canada | CAD | 144,965 | $3,329,809 | $3,329,809 |
| PETR4 BS | PETROLEO BRASILEIRO SA | 2.0 | Equities | Energy | Brazil | BRL | 617,300 | $3,298,622 | $3,298,622 |
| 883 HK | CNOOC LTD | 2.0 | Equities | Energy | China | HKD | 2,242,199 | $3,243,934 | $3,243,934 |
| EQNR NO | EQUINOR ASA | 1.8 | Equities | Energy | Norway | NOK | 140,429 | $2,922,515 | $2,922,515 |
| PXD UN | PIONEER NATURAL RESOURCES CO | 1.8 | Equities | Energy | United States | USD | 22,913 | $2,915,508 | $2,915,508 |
| PETR3 BS | PETROLEO BRASILEIRO SA | 1.7 | Equities | Energy | Brazil | BRL | 519,000 | $2,823,768 | $2,823,768 |
| OXY UN | OCCIDENTAL PETROLEUM CORP | 1.2 | Equities | Energy | United States | USD | 129,738 | $2,027,605 | $2,027,605 |
| HES UN | HESS CORP | 1.2 | Equities | Energy | United States | USD | 34,273 | $1,952,290 | $1,952,290 |
| 386 HK | CHINA PETROLEUM & CHEMICAL COR | 1.2 | Equities | Energy | China | HKD | 3,309,015 | $1,944,498 | $1,944,498 |
| SRG IM | SNAM SPA | 1.1 | Equities | Utilities | Italy | EUR | 262,515 | $1,794,287 | $1,794,287 |
| 586 HK | CHINA CONCH VENTURE HOLDINGS L | 0.9 | Equities | Industrials | China | HKD | 234,000 | $1,538,071 | $1,538,071 |
| 968 HK | XINYI SOLAR HOLDINGS LTD | 0.8 | Equities | Information Technology | China | HKD | 740,000 | $1,345,527 | $1,345,527 |
| 857 HK | PETROCHINA CO LTD | 0.8 | Equities | Energy | China | HKD | 2,942,117 | $1,297,985 | $1,297,985 |
| SGRE SQ | SIEMENS GAMESA RENEWABLE ENERG | 0.7 | Equities | Industrials | Spain | EUR | 31,352 | $1,127,119 | $1,127,119 |
| 135 HK | KUNLUN ENERGY CO LTD | 0.3 | Equities | Utilities | China | HKD | 555,729 | $515,161 | $515,161 |
| CSAN3 BS | COSAN SA | 0.2 | Equities | Energy | Brazil | BRL | 20,500 | $384,506 | $384,506 |
| AUD | AUD - AUSTRALIA DOLLAR | FX Forwards | AUD | 178,999,137 | $178,999,137 | ||||
| BRL | BRL - BRAZILIAN REAL | FX Forwards | BRL | -25,150,758 | -$6,430,445 | ||||
| CAD | CAD - CANADA DOLLAR | FX Forwards | CAD | -22,915,746 | -$23,828,373 | ||||
| DKK | DKK - DANISH KRONE | FX Forwards | DKK | -22,290,722 | -$4,880,717 | ||||
| EUR | EUR - EURO | FX Forwards | EUR | -16,200,090 | -$26,388,809 | ||||
| GBP | GBP - BRITISH POUND | FX Forwards | GBP | -15,048,194 | -$26,697,289 | ||||
| HKD | HKD - HONG KONG DOLLAR | FX Forwards | HKD | -56,230,078 | -$10,043,417 | ||||
| JPY | JPY - JAPANESE YEN | FX Forwards | JPY | -247,320,854 | -$3,269,926 | ||||
| NOK | NOK - NORWEGIAN KRONE | FX Forwards | NOK | -18,840,588 | -$2,805,709 | ||||
| USD | USD - UNITED STATES DOLLAR | FX Forwards | USD | -54,881,932 | -$75,971,667 |
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* As at 21 September 2020. Excludes cash
Sector Allocation
| Integrated Oil & Gas | 51.0% |
| Oil & Gas Storage & Transportation | 16.4% |
| Oil & Gas Exploration & Production | 12.9% |
| Oil & Gas Refining & Marketing | 9.5% |
| Oil & Gas Equipment & Services | 4.3% |
| Heavy Electrical Equipment | 2.7% |
| Gas Utilities | 1.9% |
| Construction & Engineering | 0.7% |
| Semiconductor Equipment | 0.6% |
* As of 31 August 2020
Country Allocation
| United States | 41.1% |
| Canada | 13.6% |
| Netherlands | 9.1% |
| France | 7.8% |
| Britain | 5.8% |
| China | 5.4% |
| Brazil | 3.4% |
| Italy | 3.1% |
| Denmark | 2.7% |
| Other | 8.0% |
* As of 31 August 2020
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 1.01% | 1.03% |
| 3 months | -4.42% | -4.17% |
| 6 months | -23.28% | -21.27% |
| 1 year | -33.47% | -31.38% |
| 3 year p.a | -11.40% | -10.10% |
| 5 year p.a | - | -4.28% |
| Since inception (p.a) | -6.51% | -5.39% |
| Inception date | 16-Jun-16 | - |
* As at 31 August 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* (%) | 3.3% |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
*As at 31 August 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) |
|---|---|---|---|---|
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.06228 | 1.61% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.05031 | 0.96% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.07117 | 2.58% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.101 | 2.76% |
| 2-Jan-18 | 3-Jan-18 | 17-Jan-18 | $0.04264 | 4.20% |
| 3-Jul-17 | 4-Jul-17 | 18-Jul-17 | $0.18208 | 4.23% |
| 3-Jan-17 | 4-Jan-17 | 18-Jan-17 | $0.04849 | - |
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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 - FUEL |
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Fund Flyer - FUEL |
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Portfolio Holdings |
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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 - June 2020 distributions |
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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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Notice of Modifications to Fund Constitution – AMIT Tax Regime |
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Interim Financial Report 2018 |
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