Global Energy Companies ETF - Currency Hedged

OVERVIEW

About

Provides simple, cost-effective and transparent exposure to the largest companies in the global Energy sector

Tactical exposure to the global energy sector
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 energy companies
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 energy companies from a broad range of global locations
Cost effective – Fund aims to track the performance of an index (no ‘active manager’ fees)
Large cap exposure – strategy invests only in the most significant energy companies globally
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 required no minimum investment

KEY FACTS

Pricing Information 23 January 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 *	$5.66

* As at 20 January 2020

Profile

Net Assets* ($A)	$75,930,392
Units Outstanding* (#)	13,409,943
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 January 2020

* As of close of previous trading day
**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

Top 10 All

Name	Weight (%)
EXXON MOBIL CORP	7.7
CHEVRON CORP	7.5
ROYAL DUTCH SHELL PLC	6.7
BP PLC	6.7
TOTAL SA	6.6
ENBRIDGE INC	4.2
ROYAL DUTCH SHELL PLC	4.0
CONOCOPHILLIPS	3.8
PETROLEO BRASILEIRO SA	3.3
SUNCOR ENERGY INC	2.9

Ticker	Name	Weight (%)	Asset Class	Sector	Country	Currency	Shares/Unit (#)	Market Value (AUD)	Notional Value (AUD)
XOM UN	EXXON MOBIL CORP	7.7	Equities	Energy	United States	USD	59,409	$5,865,391	$5,865,391
CVX UN	CHEVRON CORP	7.5	Equities	Energy	United States	USD	34,555	$5,720,127	$5,720,127
RDSA LN	ROYAL DUTCH SHELL PLC	6.7	Equities	Energy	Netherlands	GBP	121,330	$5,097,511	$5,097,511
BP/ LN	BP PLC	6.7	Equities	Energy	Britain	GBP	545,328	$5,095,013	$5,095,013
FP FP	TOTAL SA	6.6	Equities	Energy	France	EUR	64,818	$5,048,920	$5,048,920
ENB CT	ENBRIDGE INC	4.2	Equities	Energy	Canada	CAD	53,440	$3,183,583	$3,183,583
RDSB LN	ROYAL DUTCH SHELL PLC	4.0	Equities	Energy	Netherlands	GBP	71,457	$3,015,101	$3,015,101
COP UN	CONOCOPHILLIPS	3.8	Equities	Energy	United States	USD	30,778	$2,879,058	$2,879,058
PBR UN	PETROLEO BRASILEIRO SA	3.3	Equities	Energy	Brazil	USD	118,282	$2,552,265	$2,552,265
SU CT	SUNCOR ENERGY INC	2.9	Equities	Energy	Canada	CAD	46,030	$2,244,136	$2,244,136
SLB UN	SCHLUMBERGER LTD	2.9	Equities	Energy	United States	USD	41,310	$2,229,955	$2,229,955
TRP CT	TC ENERGY CORP	2.8	Equities	Energy	Canada	CAD	26,488	$2,112,645	$2,112,645
PSX UN	PHILLIPS 66	2.6	Equities	Energy	United States	USD	13,260	$1,982,510	$1,982,510
KMI UN	KINDER MORGAN INC/DE	2.4	Equities	Energy	United States	USD	60,152	$1,839,272	$1,839,272
EOG UN	EOG RESOURCES INC	2.4	Equities	Energy	United States	USD	14,756	$1,811,679	$1,811,679
OXY UN	OCCIDENTAL PETROLEUM CORP	2.3	Equities	Energy	United States	USD	26,656	$1,725,922	$1,725,922
ENI IM	ENI SPA	2.2	Equities	Energy	Italy	EUR	75,911	$1,685,354	$1,685,354
MPC UN	MARATHON PETROLEUM CORP	2.1	Equities	Energy	United States	USD	19,375	$1,590,194	$1,590,194
VLO UN	VALERO ENERGY CORP	2.0	Equities	Energy	United States	USD	11,518	$1,518,626	$1,518,626
CNQ CT	CANADIAN NATURAL RESOURCES LTD	2.0	Equities	Energy	Canada	CAD	32,867	$1,496,225	$1,496,225
OKE UN	ONEOK INC	1.7	Equities	Energy	United States	USD	11,463	$1,271,229	$1,271,229
883 HK	CNOOC LTD	1.5	Equities	Energy	China	HKD	479,199	$1,171,327	$1,171,327
WMB UN	WILLIAMS COS INC/THE	1.5	Equities	Energy	United States	USD	34,359	$1,155,005	$1,155,005
PXD UN	PIONEER NATURAL RESOURCES CO	1.3	Equities	Energy	United States	USD	4,597	$989,581	$989,581
EQNR NO	EQUINOR ASA	1.2	Equities	Energy	Norway	NOK	32,600	$949,363	$949,363
REP SQ	REPSOL SA	1.2	Equities	Energy	Spain	EUR	41,931	$935,081	$935,081
HAL UN	HALLIBURTON CO	1.1	Equities	Energy	United States	USD	24,884	$864,124	$864,124
PPL CT	PEMBINA PIPELINE CORP	1.1	Equities	Energy	Canada	CAD	15,271	$861,949	$861,949
VWS DC	VESTAS WIND SYSTEMS A/S	1.1	Equities	Industrials	Denmark	DKK	5,935	$854,800	$854,800
NESTE FH	NESTE OYJ	0.9	Equities	Energy	Finland	EUR	12,854	$716,470	$716,470
HES UN	HESS CORP	0.9	Equities	Energy	United States	USD	6,910	$691,404	$691,404
LNG UA	CHENIERE ENERGY INC	0.9	Equities	Energy	United States	USD	7,222	$679,680	$679,680
5020 JT	JXTG HOLDINGS INC	0.9	Equities	Energy	Japan	JPY	99,373	$652,540	$652,540
386 HK	CHINA PETROLEUM & CHEMICAL COR	0.8	Equities	Energy	China	HKD	715,015	$614,399	$614,399
CXO UN	CONCHO RESOURCES INC	0.7	Equities	Energy	United States	USD	4,200	$540,570	$540,570
BKR UN	BAKER HUGHES CO	0.7	Equities	Energy	United States	USD	15,902	$528,053	$528,053
FANG UW	DIAMONDBACK ENERGY INC	0.7	Equities	Energy	United States	USD	4,070	$525,146	$525,146
SRG IM	SNAM SPA	0.6	Equities	Utilities	Italy	EUR	62,807	$487,347	$487,347
1605 JT	INPEX CORP	0.6	Equities	Energy	Japan	JPY	32,252	$477,568	$477,568
857 HK	PETROCHINA CO LTD	0.6	Equities	Energy	China	HKD	598,117	$426,230	$426,230
586 HK	CHINA CONCH VENTURE HOLDINGS L	0.5	Equities	Industrials	China	HKD	50,500	$346,580	$346,580
384 HK	CHINA GAS HOLDINGS LTD	0.5	Equities	Utilities	China	HKD	59,200	$343,953	$343,953
OMV AV	OMV AG	0.4	Equities	Energy	Austria	EUR	4,297	$332,866	$332,866
096770 KP	SK INNOVATION CO LTD	0.3	Equities	Energy	South Korea	KRW	1,545	$259,470	$259,470
IMO CT	IMPERIAL OIL LTD	0.3	Equities	Energy	Canada	CAD	6,263	$240,314	$240,314
UGP US	ULTRAPAR PARTICIPACOES SA	0.3	Equities	Energy	Brazil	USD	22,024	$201,739	$201,739
135 HK	KUNLUN ENERGY CO LTD	0.2	Equities	Utilities	China	HKD	119,729	$151,732	$151,732
CLR UN	CONTINENTAL RESOURCES INC/OK	0.2	Equities	Energy	United States	USD	2,549	$116,707	$116,707
USD	USD - UNITED STATES DOLLAR	0.1	Cash			USD	60,184	$87,924	$87,924
EUR	EUR - EURO	0.1	Cash			EUR	26,585	$43,038	$43,038
CAD	CAD - CANADA DOLLAR	0.0	Cash			CAD	20,826	$23,277	$23,277
AUD	AUD - AUSTRALIA DOLLAR	0.0	Cash			AUD	21,922	$21,922	$21,922
JPY	JPY - JAPANESE YEN	0.0	Cash			JPY	494,958	$6,582	$6,582
HKD	HKD - HONG KONG DOLLAR	0.0	Cash			HKD	7,206	$1,355	$1,355
NOK	NOK - NORWEGIAN KRONE	0.0	Cash			NOK	5,224	$848	$848
DKK	DKK - DANISH KRONE	0.0	Cash			DKK	3,644	$790	$790
GBP	GBP - BRITISH POUND	0.0	Cash			GBP	370	$705	$705
KRW	KRW - KOREAN WON		Cash			KRW	1	$0	$0
AUD	AUD - AUSTRALIA DOLLAR		FX Forwards			AUD	73,342,888		$73,342,888
CAD	CAD - CANADA DOLLAR		FX Forwards			CAD	-8,990,826		-$10,048,984
EUR	EUR - EURO		FX Forwards			EUR	-5,800,240		-$9,390,060
GBP	GBP - BRITISH POUND		FX Forwards			GBP	-7,068,962		-$13,469,051
HKD	HKD - HONG KONG DOLLAR		FX Forwards			HKD	-16,192,908		-$3,044,695
USD	USD - UNITED STATES DOLLAR		FX Forwards			USD	-26,586,974		-$38,841,452

Download CSV

* As at 21 January 2020

Sector Allocation

Integrated Oil & Gas	54.8%
Oil & Gas Storage & Transportation	14.4%
Oil & Gas Exploration & Production	14.0%
Oil & Gas Refining & Marketing	9.1%
Oil & Gas Equipment & Services	5.0%
Gas Utilities	1.2%
Heavy Electrical Equipment	1.1%
Industrial Machinery	0.4%

* As of 31 December 2019

Country Allocation

United States	45.8%
Canada	12.8%
Netherlands	10.7%
France	6.7%
Britain	6.4%
China	3.9%
Brazil	3.8%
Italy	2.8%
Japan	1.5%
Other	5.5%

* As of 31 December 2019

PERFORMANCE

Fund Returns After Fees (%)

	Fund	Index
1 month	4.16%	4.21%
3 months	3.40%	3.63%
6 months	-1.23%	-0.62%
1 year	9.94%	10.93%
3 year p.a	0.59%	1.21%
5 year p.a	-	2.33%
Since inception (p.a)	5.91%	6.62%
Inception date	16-Jun-16	-

* As at 31 December 2019

Chart

Chart Type

Draw trend line

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* (%)	1.2%
12 Mth Gross Distribution Yield* (%)	-
Franking Level	-

*As at 31 December 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-20	3-Jan-20	17-Jan-20	$0.05031	0.95%
2-Jan-19	3-Jan-19	17-Jan-19	$0.07117	2.57%
2-Jul-18	3-Jul-18	17-Jul-18	$0.101	2.77%
2-Jan-18	3-Jan-18	17-Jan-18	$0.04264	4.14%
3-Jul-17	4-Jul-17	18-Jul-17	$0.18208	4.17%
3-Jan-17	4-Jan-17	18-Jan-17	$0.04849	-

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: FUEL

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RESOURCES

	Factsheet - FUEL	Download
	Fund Flyer - FUEL	Download
	The Investment Case for FUEL	Download
	Portfolio Holdings	Download
	Product Disclosure Statement - Global Sector Series	Download
	Annual Report - June 2019	Download
	NRWT and Fund Payment Notice information - December 2019 distributions	Download
	NRWT and Fund Payment Notice information – December 2018 distributions	Download
	Notice of Modifications to Fund Constitution – AMIT Tax Regime	Download
	Index methodology	Download
	2018 Distribution Calendar	Download
	Interim Financial Report 2018	Download

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