GCAP - VanEck Bentham Global Capital Securities Active ETF (Managed Fund) | Portfolio Analytics
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VanEck Bentham Global Capital Securities Active ETF (Managed Fund) GCAP

Fund description: GCAP aims to provide investors with a professionally managed active strategy in global Capital Securities. The fund aims to provide total investment returns, measured over the long term in excess of the Benchmark.

Benchmark: RBA Cash Rate + 3% per annum

Country of domicile: Australia

 as at 05-Jul-22

  • Exchange

    ASX

  • ASX code

    GCAP

  • NAV

    $8.63

  • Units outstanding

    2,800,915

  • Net assets

    $24.2M

  • Number of holdings

    55

  • Inception date1

    03-Aug-21

  • ASX commencement

    05-Aug-21

1The date the fund was seeded prior to quotation on ASX.

as at 05-Jul-22

2Other fees and costs apply, including a fee of 15.5% of outperformance above a benchmark. Please see the PDS for more details.

*The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 1pm next business day.

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Fundamentals as of 01-Jul-22

  • Credit rating

    BB+

  • Credit spread duration (years)

    3.67

  • Interest rate duration (years)

    0.06

3-year risk measures

  • Beta vs. Benchmark

    --

  • Correlation vs. Benchmark

    --

  • Volatility (standard deviation)

    --

  • Sharpe ratio

    --

Source: VanEck, FactSet.

Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the Fund performance and the market benchmark index performance. Volatility is the annualised standard deviation of the Fund's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the Fund's return less the risk free rate divided by the standard deviation.

Country weightings (%) as at 31-May-22

  • Country

    Weightings (%)

  • United Kingdom

    20.5

  • United States

    14.8

  • France

    10.6

  • Netherlands

    8.2

  • Switzerland

    7.3

  • Ireland

    7.1

  • Germany

    6.8

  • Sweden

    4.0

  • Belgium

    3.0

  • Canada

    2.4

  • Portugal

    1.4

  • Austria

    1.1

  • Finland

    1.0

  • Australia

    0.9

  • Other/Cash

    10.7

  • Total

    99.8

Portfolio composition (%)
as at 05-Jul-22

  • Asset classes

    % of Fund net assets

  • Stocks

    0.00

  • Bonds

    93.40

  • Other

    0.00

  • Cash

    6.60

  • Total

    100.00

Sector weightings (%) as at 31-May-22

  • Sector

    Weightings (%)

  • Banking Services

    69.6

  • Real Estate Operations

    4.6

  • Transport Infrastructure

    4.1

  • Insurance

    3.6

  • Investment Banking & Investment Services

    3.3

  • Oil & Gas

    2.5

  • Telecommunications Services

    1.1

  • Oil & Gas Related Equipment & Services

    0.5

  • Other/Cash

    10.7

  • Total

    100.0

Currency exposure (%)
as of 31-May-22

  • U.S. Dollar

    40.12

  • Euro

    35.36

  • British Pound

    13.77

  • Other/Cash

    10.74