YANK ASX | Geared US Strong Currency Hedge Fund | BetaShares
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OVERVIEW

Fund Objective

YANK aims to provide geared exposure to changes in the value of the U.S. dollar against the Australian dollar.

Fund Strategy

YANK generally expects to generate a positive return of between 2% and 2.75% for a 1% rise in the value of the U.S. dollar against the Australian dollar on a given day (and vice versa).

Returns over longer periods will not necessarily be equivalent to the expected return on a given day. Gearing magnifies gains and losses and may not be a suitable strategy for all investors. 

Benefits of YANK

Geared exposure to a rising USD

Potential to make magnified gains if the USD appreciates against the AUD (and vice versa).

Simple to access, convenience

YANK is traded in Australian dollars on the ASX, avoiding the inconvenience and complexity of trading CFDs, or dealing in FX markets. No margin calls.

Portfolio diversification

Currency exposure can diversify your portfolio, as currencies historically have shown low correlation to shares and most other major asset classes.

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 17 July 2020

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
iNAV (live)**
iNAV stands for Indicative Net Asset Value. It is updated every 60 seconds and provides an estimate of the net asset value of the Fund during the trading day
$12.380
*Data is delayed by at least 20 minutes.
* As at 16 July 2020 04:29 PM
Download NAV history
NAV
NAV/Unit * $12.35
* As at 15 July 2020

Profile

Net Assets* ($A) $11,731,703
Units Outstanding* (#) 950,000
Mgmt Costs** (% p.a.) 1.38%
Distribution Frequency Annual
Distribution Reinvestment Plan (DRP) Not available
* As at 15 July 2020
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code YANK
Bloomberg Code YANK AU
IRESS Code YANK.AXW
Trading Hours 10.00-16.00 (AEST)
iNAV IRESS Code YANKINAV.ETF
Market Makers Deutsche Securities, Susquehanna Pacific
SMSF Eligible Yes

Index Information

Index N/A
Index Provider N/A
Index Ticker N/A
Bloomberg Index Ticker N/A

Gearing

Gearing Exposure Range 200%-275%
Current Gearing Exposure* (%) 261.9%
Current Gearing Multiple** (x) 2.62
* As at 16 July 2020. Calculated as Fund borrowings divided by Fund total assets. Current Gearing Ratio is as at start of the above date and can be expected to vary throughout the day.
**Represents the Fund's approximate exposure, for 16 July 2020, to the change in value of the U.S. dollar relative to the Australian dollar as measured by the futures contract held in the Fund. For example, if the Fund's Gearing multiple is 2.30x and the U.S. dollar goes up relative to the Australian dollar by 1% that day, the Fund would be expected to go up approximately 2.30% that day, before fees and expenses. The Fund is actively managed and the portfolio exposure will change on a daily basis, affecting returns over time.

PERFORMANCE

Fund Returns After Fees (%)

  Fund AUD/USD NY 3PM BFIX
1 month -8.56% 3.67%
3 months -25.13% 12.41%
6 months -4.46% -1.70%
1 year -3.81% -1.70%
3 year p.a 4.52% -3.52%
5 year p.a - -
Since inception (p.a) 1.53% -2.22%
Inception date 28-Nov-16 -
* As at 30 June 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 Annual
12 Mth Distribution Yield* (%) 20.6%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 June 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-19 2-Jul-19 16-Jul-19 $2.63786 18.52%
2-Jul-18 3-Jul-18 17-Jul-18 $0.43689 3.19%
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ANNOUNCEMENTS

ASX Announcements: YANK

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RESOURCES

Factsheet - YANK
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The Case for YANK
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Portfolio Holdings
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Product Disclosure Statement - YANK
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Annual Report - June 2019
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NRWT and Fund Payment Notice information - June 2019 distributions
Download
Notice of Modifications to Fund Constitution – AMIT Tax Regime
Download
Interim Financial Report 2018
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2020 BetaShares Distribution Calendar
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LEARN MORE ABOUT YANK

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