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


Pricing Information 28 June 2022

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
iNAV (live)**
iNAV stands for Indicative Net Asset Value. It provides an estimate of the net asset value of the Fund during the ASX trading day.
* Data is delayed by at least 20 minutes.
* As at 28 June 2022 09:54:50 AM
Download NAV history
NAV/Unit* $11.93
* As at 24 June 2022


Net Assets* ($A) $10,143,107
Units Outstanding* (#) 850,000
Mgmt Costs** (% p.a.) 1.38%
Distribution Frequency 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
* As at 24 June 2022
**Certain additional costs apply. Please refer to PDS.

Trading Information

Bloomberg Code YANK AU
Trading Hours 10.00-16.00 (AEST)

Index Information

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


Gearing Exposure Range 200%-275%
Current Gearing Exposure* (%) 206.4%
Current Gearing Multiple** (x) 2.06
* As at 28 June 2022. 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 28 June 2022, 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.


Fund Returns After Fees (%)

1 month -2.75% 1.31%
3 months 2.51% -1.20%
6 months -2.01% 0.80%
1 year 16.10% -7.28%
3 year p.a -6.61% 1.13%
5 year p.a -1.81% -0.71%
Since inception (p.a) -1.59% -0.74%
Inception date 28-Nov-16 -
* As at 31 May 2022


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.


Yield Information

Distribution Frequency Annual
12 Mth Distribution Yield* (%) -
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 May 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)
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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ASX Announcements: YANK

Showing - of


Factsheet - YANK
Fund Flyer - YANK
Portfolio Holdings
Product Disclosure Statement - YANK
Product Disclosure Statement Update – 20 May 2022
Product Disclosure Statement Update – 4 October 2021
Product Disclosure Statement Updates – YANK
Interim Financial Report - December 2021
Annual Report - June 2021
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