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OVERVIEW

About

Gives investors a simple and accessible way to obtain ‘short’ exposure to the market

  • Designed to go up when the market goes down (and vice versa)
  • A 1% fall in the Australian sharemarket on a given day can generally be expected to deliver a 0.9% to 1.1% increase in the value of the Fund (and vice versa)
  • Hedge portfolios against falling markets via an efficient use of capital
  • Can be used to seek profits when markets decline
  • No need to borrow shares or use proprietary trading platforms in order to obtain a magnified short exposure
  • Alternative to CFDs
  • Actively managed

Advantages

  • Access – obtain returns that are negatively correlated to Australian sharemarket as simply as buying any share
  • Convenience – investors avoid complications and costs of CFDs, futures and short selling
  • No margin calls for investors – cannot lose more than initial investment
  • Liquidity – available to trade on ASX like any share
  • SMSF eligible

How to Invest

  • You can buy or sell units just like you’d buy or sell any share on the ASX
  • Fund requires no minimum investment

KEY FACTS

Pricing Information 16 January 2017

Current Price
Last Trade* $15.09
% Change (prev day) -0.53%
Bid (delayed) $14.97
Offer (delayed) $15.27
iNAV (live)**
iNAV stands for Indicative Net Asset Value. It is updated every 60 seconds and provides an estimate of the net asset value of the Fund during the trading day
$15.095
*Data is delayed by at least 20 minutes.
** As at 16 January 2017 06:00 PM
Download NAV history
NAV
NAV/Unit * $15.13
* As of close of previous trading day.

Profile 16 January 2017

Net Assets* ($A) $61,210,116
Units Outstanding* (#) 4,045,099
Mgmt Costs** (% p.a.) 1.38%
Distribution Frequency Annual
Issuer BetaShares Capital Ltd
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As of close of previous trading day
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code BEAR
Bloomberg Code BEAR AU
IRESS Code BEAR.AXW
Trading Hours 10.00-16.00 (AEST)
iNAV IRESS Code BEARINAV.ETF
Market Makers Susquehanna Pacific
SMSF Eligible Yes

Index Information

Index N/A
Index Provider N/A
Index Ticker N/A
Bloomberg Index Ticker N/A

Portfolio Composition 16 January 2017

Name %
1 Cash & Cash Equivalents* 100%
* May comprise cash, ASX-quoted cash trusts and cash on margin accounts

Portfolio Exposure 16 January 2017

SPI Futures -99.0%
Current Portfolio Exposure ** (%) -99.0%
* Represents the Fund's approximate exposure, for the above date, to movements in the S&P/ASX 200 Acc Index, as measured by the futures contracts held in the Fund. For example, if the Fund's portfolio exposure is -105%, and the S&P/ASX 200 Acc index goes down 1% that day, the Fund would be expected to go up approximately 1.05% that day, before fees and expenses. The Fund is actively managed and the portfolio exposure will change on a daily basis, affecting returns over time.

PERFORMANCE

Fund Returns After Fees (%)

  Fund S&P/ASX 200 Accum. Index
1 month -4.33% 4.38%
3 months -5.31% 5.18%
6 months -10.68% 10.59%
1 year -11.05% 11.80%
3 year p.a -5.49% 6.58%
5 year p.a - -
Since inception (p.a) -9.38% 12.07%
Inception date 6-Jul-12 -
* As at 31 December 2016

Chart

Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

DISTRIBUTIONS

Yield Information

Distribution Frequency Annual
12 Mth Distribution Yield* (%) 1.0%
12 Mth Gross Distribution Yield* (%) 1.0%
Franking Level -
*As at 30 November 2016. Yield figures calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Jul-16 4-Jul-16 18-Jul-16 $0.16857 0.98%
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1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. It is calculated as the difference between total Fund return and NAV return. NAV return is the change in the Fund's NAV price. Total return is the NAV return plus reinvestment of all distributions back to the Fund. Past performance not indicative of future performance.

ANNOUNCEMENTS

ASX Announcements: BEAR

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RESOURCES

Factsheet - BEAR
Download
Introduction to BetaShares Bear Hedge Fund Series
Download
Product Disclosure Statement - BEAR
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Annual Hedge Fund Report – 31 December 2015
Download
Annual Report - June 2016
Download
PDS Updates - BEAR
Download
Supplementary Product Disclosure Statement - July 2014
Download
Supplementary Product Disclosure Statement – November 2016
Download
Supplementary Product Disclosure Statement – March 2014
Download
View more

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BBOZ

Australian Equities Strong Bear Fund

BBUS

U.S Equities Strong Bear Fund - Currency Hedged

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LEARN MORE ABOUT BEAR

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