BetaShares Global Quality Leaders ETF (QLTY)
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About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101674-2022-03-09-17:12.pdf |
FUND MANAGER | BetaShares Capital |
ASX Code | QLTY* |
APIR | |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund seeks to provide investors with exposure to a diversified portfolio of quality global companies (ex-Australia) with high return on equity and profitability, low leverage and earnings stability. |
INVESTMENT PROFILE | The Fund aims to track the performance of an index (before fees and expenses) that comprises 150 global companies ranked by highest quality score. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 05-11-2018 |
BENCHMARK | iSTOXX MUTB Global Ex-Australia Quality Leaders Index |
FUND SIZE | iSTOXX MUTB Global Ex-Australia Quality Leaders Index |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 150 |
FEES | 0.29% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the BetaShares Global Quality Leaders ETF
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RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
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Detail |
Key Features
About the FundThe Fund seeks to provide investors with exposure to a diversified portfolio of quality global companies (ex-Australia) with high return on equity and profitability, low leverage and earnings stability. The Fund aims to track the performance of an index (before fees and expenses) that comprises 150 global companies ranked by highest quality score. Investment objectiveThe investment objective of the BetaShares Global Quality Leaders ETF is to provide an investment return that aims to track the performance of the iSTOXX MUTB Global ex-Australia Quality Leaders Index (the "Index), before taking into account fees and expenses. The Index is designed to track the performance of quality companies with high profitability, low leverage and sustainable cash flows, excluding companies listed in Australia. The Index components are selected based on a combined ranking of four fundamentals ratios - return on equity, debt-to-capital, cash flow generation ability and business stability. How to use this ETF in your portfolioThe Fund can be used to implement a variety of investment strategies. For example:
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Mandate
How we invest your moneyThe Fund aims to track the performance of an index (before fees and expenses) that comprises 150 global companies ranked by highest quality score. The Fund will seek to achieve the investment objective by adopting a "full replication strategy. See section 2.1.2 of the PDS for further information. The Index is derived from the STOXX Global 1800 ex-Australia Index. The universe is divided into three regions: North America, Europe and Asia/Pacific. An initial screen is applied to each of the three regions to select only stocks within the region ranking within the top 50% by return on equity and within the top 95% by financial health (measured by the debt-to-capital ratio), profitability (measured by cash flow generation) and business stability (measured by the volatility of historical net income). For all stocks that remain, a composite quality score is calculated, based on the percentile rankings (calculated on the full universe) achieved in relation to the four measures described above. All eligible companies are ranked by the composite quality score in descending order, and the top 150 stocks are selected as components of the Index. The Index is weighted by free-float market capitalisation, with a single component's weight capped at 2%. The Index is reviewed semi-annually in June and December. Between the reconstitutions of the Index, if an Index constituent security no longer meets the eligibility criteria, or is otherwise determined to have become ineligible for inclusion in the Index, the security is removed from the Index and not replaced. The Index is a net total return index, which means that it reinvests cash dividends on the relevant ex-dividend date (the date on which the relevant shares no longer come attached with the right to receive the declared dividend) and adjusts for an Index security's country of incorporation withholding rate. The nature and method of calculation of the Index may change from time to time. For more information on the Index, please see pages 47-8 of the PDS. |