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HACK - BetaShares Global Cybersecurity ETF

Faramir

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HACK aims to track the performance of an index (before fees and expenses) that provides exposure to the leading companies in the global cybersecurity sector.
As of 5 July:
NAV: $7.38
Net Assets: $A $219,621,511
Shares: 29,776,469
MER: 0.67% !

Top 10 and Weighing %
CROWDSTRIKE HOLDINGS INC 6.5
SPLUNK INC 6.1
BROADCOM INC 6.0
OKTA INC 6.0
CISCO SYSTEMS INC 5.6
ZSCALER INC 3.6
CLOUDFLARE INC 3.5
CHECK POINT SOFTWARE TECHNOLOG 3.2
CYBERARK SOFTWARE LTD 3.2
F5 NETWORKS INC 3.0

There 43 companies in its portfolio. 87.3% of those companies are USA based.

Info found here:
https://www.betashares.com.au/fund/global-cybersecurity-etf/

12 month yield at 8.4%.

This can't be an ETF (edit) - it is nearly a managed fund?
 
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Dona Ferentes

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Just an active ETF, not passive index. Thematic. Heavily USA companies, which are primarily involved in the building, implementation and management of security protocols applied to private and public networks, computers, and mobile devices to provide protection of the integrity of data and network operations.

Investment approach
HACK seeks to achieve the investment objective by providing a full replication of the Index.

The index employs a modified liquidity weighted methodology. Liquidity is measured using the 3-month average daily dollar trading volume of each Index security as of the close of trading on the last trading day in February, May, August, and November. There must be a minimum liquidity of US$1m to be included in the Index. Eligible securities must also be listed as a cybersecurity company as determined by the Consumer Technology Association (CTA) and have a minimum worldwide market capitalisation of US$250m.

Each quarter, the Index is rebalanced such that the maximum weight of any Index security does not exceed 6% and no more than 5 securities are at that cap. Next, any remaining Index securities more than 3% are capped at 3% and the excess weight is redistributed proportionally across the remaining securities.
 

Faramir

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(My emotional part is shown here)

This is the one I have been really wanting a discussion about. This is the one that nearly put money in until I realised that I should be a bit more careful before I jump in. Beta Shares have another 4-5 specialise ETFs (edit) as well - not sure if I should consider them?

Why I thinking there might be a cyber war instead of a Cold War? I am dreaming that this ETF (edit) can help me as authorities battle it out against cyber crims or rogue states. Didn't 9//11 happen without any tech smarts while FBI focused on cyber intelligence at that time? Am I not learning a history lesson again?

Why did this Livewire Article did a brilliant sales job on me?
https://www.livewiremarkets.com/wir...vice-that-underpins-all-technology-businesses

The yield is great for now. I guess I need to look into the individuals companies.

(I will post up a general thread about these newer high MER ETFs (edit) and have a discussion about it. In my mind, I might have an internal battle FANG vs HACK. In this thread, I hope we can talk about just HACK.)

I haven't put anything into this yet. I became emotional about HACK but that's just about it. It sounds like a great story to me. Stories lure me in like a Death Star Tractor Beam. No wonder I have been caught out before.
 
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Dona Ferentes

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don't fall in love with a stock, is an old adage. Don't fall in love with a thematic ETF, either, I guess would be a take-out.

Thinking about risk management (of your money) may help. Get assets (plural) that do not correlate; they can look like they don't but it is amazing at times of stress how many assets move in lockstep (down).
 
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ETF....
Exchange Traded Fund


or

EFT
Electronic Funds Transfer....
POS
Point Of Sale

This could be a case of obsessive compulsive disorder fighting against dislexia.... rant over. :p
 

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