29.01
-0.27(-0.92%)
Currency In CAD
Address
Canada
Phone
N/A
Website
N/A
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
June 29, 2020
The fund offers extremely concentrated exposure to the five biggest banks in Australia, selected based on free float market capitalization. These five banks hold an equal weight in the funds portfolio, making it a very narrow take on Australias financial sector. The fund is rebalanced semi-annually while distributions are made quarterly.