Global Royalties ETF
Overview
Fund objective
ROYL aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of global companies that earn a substantial portion of their revenue from royalty income, royalty-related income and intellectual property (IP) income.
About royalties
Royalties are payments made to asset owners for the right to use those assets. Originally tied to land and natural resources, royalties have evolved to cover a wide range of assets, including music, pharmaceuticals, technology, and more.
Examples of royalties
• Mining and energy: Companies sell royalty interests in future production of resources like oil, gas, precious metals and minerals.
• Intellectual Property (IP): Creators earn royalties from licensing IP rights in industries including music, biotech and technology.
• Royalty financing and streaming: Businesses provide upfront capital in exchange for a share of future revenues.
Royalty companies earn revenue from their royalty assets - typically without the costs and with limited exposure to the risks of direct involvement in the business’s operations.
Benefits
Earn attractive monthly income
ROYL provides investors with a monthly income stream from a diversified portfolio of royalty companies. ROYL’s distributions generally aim to reflect the historical cash flow yield of the underlying companies within the portfolio.
A unique business model with strong fundamentals
Royalty companies provide exposure to industries like music, pharmaceuticals, mining, and technology – without the burden of large capital expenses. By earning royalties instead of operating businesses directly, they are able to benefit in the revenue growth of a business while having limited exposure to major operational risks. This model tends to support strong cash flows, high gross margins, and high return on capital.
A portfolio diversifier
The unique business model underpinning royalty companies has historically resulted in them having low correlation to the broader Australian and global sharemarket, providing potential portfolio diversification benefits.
There are risks associated with an investment in ROYL, including market risk, international investment risk, sector risk, royalties related risks 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 ROYL with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 1,017,993 |
|---|---|
| Management fee and cost** (p.a.) | 0.69% |
| Distribution frequency | Monthly |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Registry | MUFG Corporate Markets |
| Domicile | Australia |
* As at 27 March 2025
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| * Data is delayed by at least 20 minutes. | |
| NAV | |
|---|---|
| NAV/Unit* | $11.54 |
| * As at 27 March 2025 | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| Bloomberg code | ROYL AU |
|---|---|
| IRESS code | ROYL.AXW |
| Trading hours | 10:00-16:00 (AEST) |
| Market makers | Susquehanna Pacific |
Index information
| Index | Solactive Global Royalties Index |
|---|---|
| Index provider | Solactive AG |
| Index ticker | N/A |
| Bloomberg index ticker | SOLGROYN Index |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 3.33% | 3.38% |
| 3 months | 8.35% | 8.54% |
| 6 months | 21.64% | 22.07% |
| 1 year | 41.03% | 41.88% |
| 3 year p.a. | - | 18.36% |
| 5 year p.a. | - | 17.83% |
| 10 year p.a. | - | - |
| Since inception | 20.14% | 20.79% |
| Inception date | 9-Sep-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 (%) |
|---|---|
| TEXAS PACIFIC LAND CORP | 12.3 |
| FRANCO-NEVADA CORP | 11.8 |
| WHEATON PRECIOUS METALS CORP | 11.7 |
| UNIVERSAL MUSIC GROUP NV | 9.7 |
| ARM HOLDINGS PLC | 6.9 |
| GENMAB A/S | 6.6 |
| ROYALTY PHARMA PLC | 6.2 |
| ROYAL GOLD INC | 5.5 |
| HALOZYME THERAPEUTICS INC | 4.2 |
| INTERDIGITAL INC | 2.7 |
Sector allocation
| Gold | 30.6% |
|---|---|
| Oil & Gas Exploration & Production | 20.7% |
| Movies & Entertainment | 12.6% |
| Biotechnology | 11.9% |
| Pharmaceuticals | 8.9% |
| Semiconductors | 8.1% |
| Application Software | 2.7% |
| Systems Software | 2.5% |
| Steel | 1.5% |
| Other | 0.5% |
* As of 28 February 2025
Country allocation
| United States | 50.9% |
|---|---|
| Canada | 19.8% |
| Brazil | 10.5% |
| Netherlands | 10.1% |
| Denmark | 7.4% |
| Australia | 1.0% |
| Other | 0.3% |
* As of 28 February 2025
Distributions
Frequency and yield
| Distribution frequency | At least annually |
|---|---|
| 12 mth distribution yield* | 2.0% |
*As at 28 February 2025. 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) |
|---|---|---|---|---|
| 3-Mar-25 | 4-Mar-25 | 18-Mar-25 | $0.056399 | 3.84% |
| 3-Feb-25 | 4-Feb-25 | 18-Feb-25 | $0.056399 | 3.18% |
| 2-Jan-25 | 3-Jan-25 | 17-Jan-25 | $0.056399 | 2.36% |
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.126243 | 2.11% |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.044127 | 4.38% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | $0.344879 | - |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | $0.034015 | - |
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: ROYL
Payment notice information
NRWT & fund payments
| Document | Date |
|---|---|
| 2024-06 | |
| 2023-12 | |
| 2024-12 | |
| 2025-01 | |
| 2025-02 |