Key Highlights

  • Betashares Electric Vehicles and Future Mobility ETF (ASX:DRIV) held a fund size of $16.28 million across 48 underlying companies.
  • Consumer cyclical is the largest sector exposure at 41.64 per cent, followed by industrials at 33.06 per cent.
  • Tesla is the top holding at 9.24 per cent, ahead of Sumitomo Electric Industries and Volvo.
  • The fund's most recent distribution of $0.087 per unit was lower than the $0.127 paid in the prior comparable period.

Betashares Electric Vehicles and Future Mobility ETF (ASX:DRIV) is listed on the ASX and aims to track the Solactive Future Mobility NR AUD index, providing exposure to companies with Business interests connected to electric vehicles and broader mobility trends. The fund sits in the Equity World Other Morningstar category and reported a fund size of $16.28 million, with 1,542,889 units on issue and a management fee of 0.67 per cent.

Sector Composition

DRIV's sector allocation is concentrated relative to its category. Consumer cyclical stocks make up 41.64 per cent of the fund, substantially above the category average of 5.56 per cent, reflecting the presence of vehicle manufacturers within the index. Industrials account for 33.06 per cent, also well above the 13.89 per cent category average, while technology holds a 23.09 per cent weighting, close to the category's 23.74 per cent. Basic materials contribute a smaller 2.21 per cent, and the fund carries no allocation to communication services, real estate, consumer defensive, energy, financial services or healthcare.

By market capitalisation, companies above $1 billion represent 90.13 per cent of the portfolio, slightly below the category's 92.52 per cent, while the $500 million to $1 billion band accounts for 7.54 per cent and holdings under $500 million make up 2.32 per cent. The fund holds its Assets entirely in equities, with no cash, bond or other exposure recorded.

Top Holdings

DRIV holds 48 companies in total, with its top 10 positions representing 61.41 per cent of the fund. Tesla is the largest holding at 9.24 per cent, followed by Sumitomo Electric Industries at 8.35 per cent and Volvo at 7.46 per cent. Paccar holds a 7.18 per cent weighting, BYD 5.40 per cent, Bloom Energy 5.38 per cent, Infineon Technologies 5.36 per cent, Renesas Electronics 5.16 per cent, Texas Instruments 3.94 per cent and NXP Semiconductors 3.89 per cent.

Geographic Exposure

Geographically, the United States accounts for 43.91 per cent of the fund, broadly in line with the category average of 42.81 per cent. Japan contributes 14.34 per cent, Germany 12.74 per cent, China 7.43 per cent, Sweden 8.68 per cent, South Korea 5.62 per cent, Hong Kong 5.40 per cent, France 1.09 per cent, Italy 0.50 per cent and the Netherlands 0.28 per cent.

Distribution and Risk Metrics

The fund reported a Beta of 1.28 and a Standard Deviation of 20.05. Its most recent final distribution was $0.087 per unit, producing an annual Yield of 0.83 per cent, which was lower than the $0.127 per unit distributed in the prior comparable July period and also below the $0.129 per unit paid in July 2024. The fund's ISIN is AU0000187767.

Conclusion

Betashares Electric Vehicles and Future Mobility ETF (ASX:DRIV) provides investors with exposure to companies across vehicle manufacturing, components and related industrial Supply chains connected to the shift toward electrified transport. Its portfolio carries a pronounced tilt toward consumer cyclical and industrial businesses relative to its broader category, and its most recent distribution declined from the previous comparable period.