VanEck Bentham GCAP ETF (ASX:GCAP)

VanEck Bentham Global Capital Securities Active ETF (Managed Fund)

Global

About the GCAP ETF

GCAP aims to provide investors with a professionally managed, active strategy in global capital securities.

nb: Yield To Maturity = Yield To Worst. Yield to Call is 9.08%

GCAP ETF Performance Review

3.88

-1.2

6.29

8.14

Data Current To: 31/12/2023

Our review of GCAP ETF

Invests in a diverse range of sub investment grade and high yield fixed interest securities including, high risk Tier 1 and contingent convertibles (CoCos), Professionally managed by Bentham Asset Management

Uses derivatives to manage risk

What we like about the GCAP ETF

Diverse global portfolio with the highest allocation to the UK with 15.8% weighting as at 31 December 2023, followed by the US at 15.7%

Low duration of 0.39 years as at 31 December 2023

Things to be aware of about the GCAP ETF

High risk portfolio

Likely to be volatile

Invests in structurally subordinated securities

Does not disclose credit rating split

GCAP ETF Investment Strategy

GCAP aims to provide investors with a professionally managed active strategy in global capital securities.

What does the GCAP ETF Invest In?

GCAP is a High Yield ETF.

GCAP invests in sub investment grade and high yield fixed interest securities including, high risk Tier 1 and contingent convertibles (CoCos)

GCAP ETF Credit Quality

The average credit quality of the GCAP ETF is BBB-.

GCAP Frequently Asked Questions

What index does the GCAP ETF aim to replicate?

The GCAP ETF aims to replicate the RBA Cash Rate + 3%.

How often does GCAP ETF pay distributions?

The distribution frequency of GCAP is Monthly.

When did the GCAP ETF start?

The inception date of the GCAP ETF was 03/08/2021.

What are the net assets of the GCAP ETF?

GCAP has net assets of $32.53m (AUD) as of 31/12/2023.

What are the number of holdings in the GCAP ETF?

Total number of holdings in GCAP is 59 as of 31/12/2023.

What are the management fees for the GCAP ETF?

The annual management fees for the GCAP ETF are 0.59% p.a. Learn more about ETF fees in this article.

How can I invest in the GCAP ETF?

GCAP is an Exchange Traded Fund, and units may be bought or sold on the ASX like shares. Learn how to buy and sell ETFs in this article.

Does the GCAP ETF have a minimum investment amount?

No, there is no minimum to invest in the VanEck GCAP ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the GCAP ETF?

No, GCAP has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.