Global Banks Currency Hedged ETF
Overview
Fund objective
BNKS aims to track the performance of an index (before fees and expenses) that comprises the largest global banks (ex-Australia), hedged into Australian dollars.
Benefits
Access global opportunities in the financial sector
Access a portfolio of the world’s largest banks outside of Australia, including Bank of America, RBC and HSBC, in one ASX trade.
Spread financial sector risk
Investing in global banks enables you to spread your financial sector risk beyond the Australian banking sector.
Cost-effective
Passive, index-tracking approach means no ‘active manager’ fees, making BNKS a cost-effective investment for those seeking exposure to global banks outside of Australia.
Invest in BNKS with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 8,061,311 |
|---|---|
| Management fee and cost** (p.a.) | 0.57% |
| Distribution frequency | Semi-annual |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital Ltd |
| Registry | MUFG Corporate Markets |
* As at 20 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 20 January 2025 |
| NAV/Unit* | $8.86 |
| * 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 | BNKS |
|---|---|
| Bloomberg code | BNKS AU |
| IRESS code | BNKS.AXW |
| iNAV IRESS code | N/A |
| Market makers | Susquehanna Pacific |
Index information
| Index | Nasdaq Global ex-Australia Banks Hedged AUD Index |
|---|---|
| Index provider | Nasdaq |
| Index ticker | N/A |
| Bloomberg index ticker | NQXAUHBN Index |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -1.12% | -1.09% |
| 3 months | 9.21% | 9.37% |
| 6 months | 14.31% | 14.64% |
| 1 year | 31.84% | 32.53% |
| 3 year p.a. | 10.42% | 10.94% |
| 5 year p.a. | 6.54% | 7.46% |
| 10 year p.a. | - | 6.76% |
| Since inception | 9.16% | 9.97% |
| Inception date | 28-Jul-16 | - |
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 (%) |
|---|---|
| JPMORGAN CHASE & CO | 8.1 |
| BANK OF AMERICA CORP | 7.8 |
| WELLS FARGO & CO | 7.3 |
| ROYAL BANK OF CANADA | 4.9 |
| MITSUBISHI UFJ FINANCIAL GROUP | 4.3 |
| HSBC HOLDINGS PLC | 4.3 |
| CITIGROUP INC | 4.1 |
| SUMITOMO MITSUI FINANCIAL GROU | 2.8 |
| TORONTO-DOMINION BANK/THE | 2.8 |
| CHINA CONSTRUCTION BANK CORP | 2.2 |
Sector allocation
| Diversified Banks | 95.0% |
|---|---|
| Regional Banks | 2.4% |
| Consumer Finance | 1.1% |
| Diversified Capital Markets | 1.0% |
| Diversified Financial Services | 0.6% |
* As of 31 December 2024
Country allocation
| United States | 35.6% |
|---|---|
| Canada | 14.7% |
| Japan | 9.4% |
| Britain | 8.1% |
| China | 5.9% |
| Singapore | 4.6% |
| Spain | 4.1% |
| Italy | 3.7% |
| France | 2.2% |
| Other | 11.6% |
* As of 31 December 2024
Distributions
Frequency and yield
| Distribution frequency | Semi-annual |
|---|---|
| 12 mth distribution yield* | 2.9% |
*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) |
|---|---|---|---|---|
| 2-Jan-25 | 3-Jan-25 | 17-Jan-25 | $0.088701 | 3.36% |
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.116868 | 4.34% |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.12679 | 2.11% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | - | 2.36% |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | $0.134179 | 1.94% |
| 1-Jul-22 | 4-Jul-22 | 18-Jul-22 | - | 0.94% |
| 4-Jan-22 | 5-Jan-22 | 19-Jan-22 | $0.071422 | 5.08% |
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.184194 | 5.54% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.061863 | 1.03% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.124689 | 2.13% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.086511 | 4.42% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.218699 | 3.80% |
| 2-Jan-18 | 3-Jan-18 | 17-Jan-18 | $0.046953 | 2.55% |
| 3-Jul-17 | 4-Jul-17 | 18-Jul-17 | $0.107144 | - |
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: BNKS
Payment notice information
NRWT & fund payments
| Document | Date |
|---|---|
| 2024-06 | |
| 2023-12 | |
| 2024-12 |