CORE

ETFS Global Core Infrastructure ETF
ISIN AU00000CORE1

Efficient access to global listed infrastructure

ETFS Global Core Infrastructure ETF (ASX code: CORE) provides exposure to the 75 least volatile listed infrastructure companies selected from global developed market stock exchanges.

About CORE

CORE aims to provide investors with a return that (before fees and expenses) tracks the performance of the Solactive Global Core Infrastructure Low Volatility Index. It uses a full-replication strategy to track the index, meaning that it holds all of the shares that make up the index closely in proportion to their index weights.

The universe of shares is filtered by liquidity and tradability and contains a maximum of 40 stocks in any one sector. It is weighted inversely in proportion to the volatility of each stock, meaning that the stocks with the lowest volatilities receive the highest weights.

Why consider CORE?

  • Exposure to infrastructure which typically offers high and stable yields and low volatility.

  • It can offer defensive positioning and portfolio diversification due to infrastructure’s low correlation with other asset classes.

  • Liquidity and transparency.

FAQs

Why use infrastructure?

Infrastructure companies include airports, toll roads, railways and telecommunications infrastructure. These types of companies often operate in monopolies or oligopolies and have high barriers to entry with strong pricing power. Infrastructure assets tend to have predictable cash flows and earnings, generally making them a stable source of income. This means that they tend to move upwards in line with economic growth in the good times but are less likely to be materially impacted in the bad times.

It is also worth noting that a number of essential services come under infrastructure, meaning regardless of the economic situation, they continue to be needed. For this reason, many industries within infrastructure can be considered defensive investments.

Does CORE offer distributions?

CORE offers distributions on a quarterly basis.

Am I exposed to any foreign currency in CORE?

Yes. CORE is unhedged, meaning you are exposed to the currency movements between the Australian dollar and the currency that each index constituent’s listing is denominated in.

How can I use CORE in a portfolio?

CORE can offer diversification and act as a defensive allocation due to infrastructure’s low correlation with other asset classes.

It can also be used as part of an income strategy due to the typical yields offered by the infrastructure sector.

Investors can also use CORE as a hedge against inflation, due to the strong pricing power of infrastructure companies.

Why Low Volatility?

Investing in low volatility stocks has been shown to help improve the risk adjusted return of a portfolio.

By filtering out the most volatile stocks, CORE is tilted towards the most stable infrastructure companies which are the most likely to maintain consistent revenue.

CORE measures volatility in US dollar terms, meaning that countries that are experiencing high currency volatility will tend to be filtered out of the index, increasing the overall stability of returns.

What are the ‘non-core’ infrastructure assets excluded from CORE’s Index?

CORE’s index invests only in core infrastructure assets. Non-core infrastructure assets include real estate developments and real estate investment trusts, as well as integrated oil companies and oil and gas producers.

Insights
Product Video: ETFS Global Core Infrastructure ETF
Product Information
NAV Information
NAV/Unit (A$)46.4416
Date (NAV)17 Sep 2020
Currency (NAV)AUD
Shares outstanding400,680
AUM (A$)18,608,238.10
Product Information
Fund inception date19 Sep 2017
Management Costs (% p.a.)0.45
Maximum cost recoveries (% p.a.)0.10
Distribution FrequencyQuarterly
Currency HedgedNo
DomicileAustralia
Legal FormManaged Investment Scheme
SMSF EligibleYes
Trading Information
Symbols and Trading Hours
ASX CodeCORE
Bloomberg CodeCORE AU Equity
ISINAU00000CORE1
SEDOLBYX85T2
IRESSCORE.AXW
Trading hours10:00AM – 4:00PM
Trade Online
Management & Administration
IssuerETFS Management (AUS) Limited
CustodianJPMorgan Chase Bank N.A. (Sydney Branch)
RegistrarComputershare Investor Services Pty Limited
Benchmark Information
BenchmarkSolactive Global Core Infrastructure Low Volatility Index
ProviderSolactive AG
TickerSOLGCIUN
Allocation
Performance
Distributions
Recent Distribution
Announcement date24 Jun 2020
Ex-date30 Jun 2020
Record date1 Jul 2020
Payment date15 Jul 2020
Distribution per unit
(A$ cents)
84.350275
12-month yield3.93%
12-month franking level1.05%
Ex-date
Record date
Payment date
Distribution (A$ cents)
Franking level
30 Jun 202001 Jul 202015 Jul 202084.3502750.8750%
31 Mar 202001 Apr 202014 Apr 202025.7169180.0000%
31 Dec 201902 Jan 202016 Jan 202031.9240390.0000%
30 Sep 201901 Oct 201915 Oct 201940.7170412.9070%
28 Jun 201901 Jul 201915 Jul 2019176.9796300.2462%
Announcements

There are no announcements to display.

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