Future of Food ETF
Overview
Notice: IEAT is no longer available to trade on the ASX
The last day units in the Fund were traded was on 17 January 2025. For more information, please refer to the ASX announcement.
Fund objective
IEAT aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of some of the world’s most innovative companies in the areas of global food production and supply.
Benefits
Access the growth potential of the ‘future of food’ revolution
As the world’s population grows and patterns of food consumption change, there is an increased focus on more sustainable, humane and healthier ways to produce the food we eat. This ‘future of food’ has become a major growth segment within the global food industry.
Exposure to leading innovators in food production and supply
IEAT provides exposure to innovative companies from sectors including smart farming, plant-based and cell-cultured foods, and sustainable packaging.
Cost-effective exposure
With management costs of only 0.67% p.a. (or $67 for every $10,000 invested), IEAT is a cost-effective way to gain exposure to the ‘future of food’ thematic.*
There are risks associated with an investment in IEAT, including market risk, sector risk, international investment risk and concentration risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
Invest in IEAT with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 200,256 |
|---|---|
| Management fee and cost** (p.a.) | 0.67% |
| Registry | MUFG Corporate Markets |
* As at 17 January 2025
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 17 January 2025 |
| NAV/Unit* | $11.46 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | IEAT |
|---|---|
| Bloomberg code | IEAT AU |
| IRESS code | IEAT.AXW |
| Market makers | Susquehanna Pacific |
Index information
| Index | Foxberry Next Generation Foods USD Net Total Return Index |
|---|---|
| Index provider | Foxberry Ltd |
| Bloomberg index ticker | FXBYNGFD Index |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -0.81% | -0.80% |
| 3 months | 0.38% | 0.42% |
| 6 months | 8.44% | 8.66% |
| 1 year | 11.99% | 12.56% |
| 3 year p.a. | - | -5.87% |
| 5 year p.a. | - | 0.38% |
| 10 year p.a. | - | - |
| Since inception (p.a.) | -1.06% | -0.54% |
| Inception date | 31-May-22 | - |
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.
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| CORTEVA INC | 6.9 |
| SYSCO CORP | 6.4 |
| DANONE SA | 6.1 |
| MCCORMICK & CO INC/MD | 5.8 |
| KERRY GROUP PLC | 5.7 |
| GIVAUDAN SA | 5.4 |
| BUNGE GLOBAL SA | 5.4 |
| NOVOZYMES A/S | 5.3 |
| BALL CORP | 5.3 |
| DSM-FIRMENICH AG | 3.8 |
Sector allocation
| Natural and Alternative Ingredients | 31.1% |
|---|---|
| Plant Based and Cell Cultured Foods | 10.4% |
| Smart Farming | 22.2% |
| Sustainable Packaging | 11.7% |
| Food Supply Chain | 14.1% |
| Natural and Organic Foods | 10.5% |
* As of 31 December 2024
Country allocation
| United States | 56.1% |
|---|---|
| Switzerland | 13.4% |
| France | 6.2% |
| Ireland | 5.7% |
| Denmark | 5.5% |
| Sweden | 4.2% |
| Canada | 3.7% |
| Britain | 1.4% |
| Japan | 1.1% |
| Other | 2.6% |
* As of 31 December 2024
Distributions
Frequency and yield
| Distribution frequency | At least annually |
|---|---|
| 12 mth distribution yield* | 1.2% |
*As at 31 December 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.091499 | 1.29% |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.043733 | 1.04% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | $0.071019 | 0.61% |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | - | - |
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. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance
Announcements
ASX Announcements: IEAT
Payment notice information
NRWT & fund payments
| Document | Date |
|---|---|
| 2023-12 | |
| 2023-06 | |
| 2024-06 |