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OVERVIEW

About

The Geared U.S. Equity Fund provides investors with a simple way to obtain a cost-effective geared exposure to the returns of the U.S. share market

  • The Fund is ‘internally geared’, meaning all gearing obligations are met by the Fund, such that there are no possibilities of margin calls for investors
  • The Fund combines funds received from investors with borrowed funds, and invests the proceeds in a portfolio that provides exposure to a broadly diversified share portfolio consisting of the largest 500 shares listed in the US by market capitalisation
  • The Fund’s gearing ratio (total amount borrowed expressed as a percentage of the total assets of the Fund) will be managed between 50-65%

Gearing magnifies gains and losses and may not be a suitable strategy for all investors. 

Advantages

  • Access – ability to obtain magnified returns to the U.S. sharemarket as simply as buying any share on the ASX
  • Convenience – avoid the complexity associated with margin loans or CFDs
  • Cost effective – management fee lower than most geared fund alternatives
  • No margin calls for investors – gearing obligations met by the Fund with no further recourse to the investor
  • Lower cost of borrowing – Fund uses its capacity as wholesale investor to borrow at significantly lower interest rates than those available directly to individual investors
  • SMSF eligible – a means to access gearing in SMSFs/super as a component of a diversified portfolio, depending on investor’s tolerance for risk
  • Diversification – exposure to a broadly diversified portfolio of shares representative of the US equity market
  • Reduced currency risk – US dollar exposure hedged to the Australian dollar
  • No W-8 BEN forms and no US estate tax implications for investors – simplified tax administration, unlike cross-listed alternatives

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* $11.35
% Change (prev day) 0.53%
Bid (delayed) $11.28
Offer (delayed) -
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $11.31
* As of close of previous trading day.

Profile 16 January 2017

Net Assets* ($A) $5,655,196
Units Outstanding* (#) 500,000
Mgmt Costs** (% p.a.) 0.80%
Distribution Frequency Annual
Issuer BetaShares Capital Ltd
Fund Administrator FundBPO
Custodian Deutsche Bank AG
Registry Link Market Services
Auditor KPMG
* As of close of previous trading day
**Costs expressed as a percentage of gross asset value of the Fund. Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code GGUS
Bloomberg Code GGUS AU
IRESS Code GGUS.AXW
Trading Hours 10.00-16.00 (AEST)
iNAV IRESS Code N/A
Market Makers Deutsche Securities, Susquehanna Pacific
SMSF Eligible Yes

Index Information

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

Gearing

Gearing Range * 50-65%
Current Gearing Ratio * (%) 54.0%
Current Gearing Multiple** (x) 2.18
*Calculated as Fund borrowings divided by Fund total assets. Current Gearing Ratio is as at start of the above date and can be expected to vary throughout the day.
**Represents the Fund's approximate exposure, for the above date, to movements in the U.S. share market (as measured by the S&P 500 index). For example, if the Fund's gearing multiple is 2.1x, and the S&P 500 index goes up 1% that day, the Fund would be expected to go up approximately 2.1% that day. The Fund is actively managed and the gearing multiple will change on a daily basis, affecting returns over time.

Top Exposures

Name %
Apple Inc. 3.2 %
Microsoft Corp 2.5 %
Exxon Mobil Corp 1.8 %
Amazon Com Inc 1.6 %
Johnson & Johnson 1.6 %
JPMorgan Chase & Co 1.6 %
Berkshire Hathaway Inc 1.6 %
Facebook Inc 1.5 %
General Electric Co 1.4 %
AT&T Inc 1.3 %
* As at close of previous trading day

Sector Allocation

Information Technology
20.81%
Financials
14.64%
Healthcare
13.74%
Consumer Discretionary
12.32%
Industrials
10.46%
Consumer Staples
9.26%
Energy
7.52%
Utilities
3.07%
Materials
2.91%
Real Estate
2.76%
Telecommunication Services
2.49%
* As of 30 November 2016

PERFORMANCE

Fund Returns After Fees (%)

  Fund S&P 500 Index (TR, US$)
1 month 4.23% 1.93%
3 months 7.97% 3.65%
6 months 16.62% 7.48%
1 year 23.14% 11.23%
3 year p.a - -
5 year p.a - -
Since inception (p.a) 7.95% 6.30%
Inception date 17-Aug-15 -
* 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* (%) -
12 Mth Gross Distribution Yield* (%) -
Franking Level -
* As of 30 November 2016. Yield figures are calculated by summing the prior 12 month fund per unit distributions divided by the fund closing NAV per unit. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Jul-16 4-Jul-16 18-Jul-16 $0.09848 -
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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: GGUS

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RESOURCES

Factsheet - GGUS
Download
Introduction to BetaShares Gear Fund Series
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Product Disclosure Statement - GGUS
Download
Portfolio Holdings
Download
Annual Hedge Fund Report – 31 December 2015
Download
Annual Report - June 2016
Download
Supplementary Product Disclosure Statement – November 2016
Download
View more

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LEARN MORE ABOUT GGUS

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