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OVERVIEW

About

Gives investors a simple and accessible way to obtain magnified “long” exposure to the value of Australian Dollar relative to the U.S. Dollar

  • A 1% increase in the value of the Australian Dollar relative to the U.S. Dollar on a given day can generally be expected to deliver a 2.0% to 2.75% increase in the value of the Fund (and vice versa)
  • Profit from a view that the Australian Dollar will strengthen relative to the U.S. Dollar via an efficient use of capital
  • Hedge international investments – reduce the impact of currency movements from investments denominated in U.S. Dollars
  • Diversify a portfolio – currencies have historically shown low correlation to equities, fixed income and most other asset classes
  • Alternative to CFDs or FX platforms

Gearing magnifies gains and losses and may not be a suitable strategy for all investors. Returns over longer periods will not necessarily be equivalent to 200% – 275% of the return of the Australian Dollar relative to the U.S. Dollar over that period.

Advantages

  • Access – obtain magnified exposure to the performance of the Australian Dollar relative to the U.S. Dollar as simply as buying any share
  • Convenience – investors avoid complications and costs of CFDs or other investments providing ‘geared’ currency exposure
  • No margin calls for investors – cannot lose more than initial investment
  • Liquidity – available to trade on ASX like any share

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 25 July 2017

Current Price
Last Trade* $16.84
% Change (prev day) 0.3%
Bid (delayed) -
Offer (delayed) -
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
$16.942
*Data is delayed by at least 20 minutes.
* As at 24 July 2017 06:00 PM
Download NAV history
NAV
NAV/Unit * $16.99
* As at 21 July 2017

Profile

Net Assets* ($A) $3,398,068
Units Outstanding* (#) 200,000
Mgmt Costs** (% p.a.) 1.38%
Distribution Frequency Annual
Distribution Reinvestment Plan (DRP) Not available
* As at 21 July 2017
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code AUDS
Bloomberg Code AUDS AU
IRESS Code AUDS.AXW
Trading Hours 10:00-16:00 (AEST)
iNAV IRESS Code AUDSINAV.ETF
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 Exposure Range 200%-275%
Current Gearing Exposure* (%) 225.3%
Current Gearing Multiple** (x) 2.25
* As at 25 July 2017. 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 25 July 2017, to the change in value of the Australian dollar relative to the U.S. dollar as measured by the futures contract held in the Fund. For example, if the Fund's Gearing multiple is 2.30x and the Australian dollar goes up relative to the U.S. dollar by 1% that day, the Fund would be expected to go up approximately 2.30% 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.

Top Exposures

Name %
-
* As at 3 May 2017
The Fund's Portfolio may comprise cash, cash equivalents and a short position in U.S. dollar futures. For full details see Resources Tab.

Sector Allocation

Australian Dollar
100.0%

PERFORMANCE

Fund Returns After Fees (%)

  Fund AUD/USD NY 3PM BFIX
1 month 7.72% 3.34%
3 months 1.29% 0.46%
6 months 16.75% 6.51%
1 year - -
3 year p.a - -
5 year p.a - -
Since inception (p.a) 7.15% 2.76%
Inception date 28-Nov-16 -
* As at 30 June 2017

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 -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
3-Jul-17 4-Jul-17 18-Jul-17 $0.31347 -
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ANNOUNCEMENTS

ASX Announcements: AUDS

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RESOURCES

Factsheet - AUDS
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Product Disclosure Statement - AUDS
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The Case for AUDS
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Portfolio Holdings - AUDS
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NRWT and Fund Payment Notice information – June 2017 distributions
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LEARN MORE ABOUT AUDS

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