Agriculture ETF - Currency Hedged (Synthetic)

OVERVIEW

About

Provides exposure to the performance of a basket of the most globally significant agricultural commodities

Simple way to obtain exposure to ‘soft commodities’ (corn, wheat, soybeans, sugar)
Soft commodities are primarily used in the production of food, drinks and textiles
Includes a currency hedge against movements in the AUD/USD exchange rate
Aims to track the performance of an index which is based on commodity futures

Please note during Australian Eastern Daylight Savings Time, trading hours for this Fund will be 11.00-16.00

Advantages

Access – performance of agricultural commodities as simply as buying a share
Convenience – investors avoid complications and costs of directly buying futures or physical commodities
Reduced currency risk – commodities globally are priced in U.S dollars; the Fund’s U.S dollar exposure is hedged to the Australian dollar
100% backed by cash held by third party custodian
Portfolio diversification – commodities historically have low correlation to other asset classes
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

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KEY FACTS

Pricing Information 23 January 2020

Current Price
Last Trade*	-
% Change (prev day)	-
Bid (delayed)	-
Offer (delayed)	-

*Data is delayed by at least 20 minutes.

Download NAV history

NAV
NAV/Unit *	$5.67

* As at 21 January 2020

Profile

Net Assets* ($A)	$3,424,988
Units Outstanding* (#)	604,051
Mgmt Costs** (% p.a.)	1.44%
Distribution Frequency	Annual
Distribution Reinvestment Plan (DRP)	Not available
Issuer	BetaShares Capital
Fund Administrator	RBC Investor Services
Custodian	RBC Investor Services
Registry	Link Market Services
Auditor	KPMG

* As at 21 January 2020

**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code	QAG
Bloomberg Code	QAG.AU
IRESS Code	QAG.QXW
Trading Hours	10.00-16.00 (AEST)
iNAV IRESS Code	QAGINAV.ETF
Market Makers	Citigroup Global Markets, Susquehanna Pacific
SMSF Eligible	Yes

Index Information

Index	S&P GSCI Agriculture Enhanced Select Index Excess Return (Hedged into A$)
Index Provider	Standard and Poor's
Index Ticker	N/A
Bloomberg Index Ticker	SGECASP Index

Index Methodology

Sector Allocation

Corn	37.2%
Wheat	26.1%
Soybeans	24.2%
Sugar	12.5%

* As of 31 December 2019

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PERFORMANCE

Fund Returns After Fees (%)

	Fund	Index
1 month	4.15%	4.20%
3 months	2.72%	2.90%
6 months	-4.30%	-3.86%
1 year	-4.28%	-3.78%
3 year p.a	-8.14%	-7.88%
5 year p.a	-9.09%	-8.85%
Since inception (p.a)	-7.28%	-7.44%
Inception date	30-Nov-11	-

* As at 31 December 2019

Chart

Chart Type

Draw trend line

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.

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DISTRIBUTIONS

Yield Information

Distribution Frequency	Annually
12 Mth Distribution Yield* (%)	-
12 Mth Gross Distribution Yield* (%)	-
Franking Level	-

*As at 31 December 2019. Yield figures are calculated by summing the prior 12 month fund per unit distributions divided by the fund closing NAV per unit at quarter-end. 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	$0.04573	0.52%
1-Jul-15	3-Jul-15	20-Jul-15	$0.10581	1.02%
1-Jul-14	3-Jul-14	16-Jul-14	$0.1125	1.00%
1-Jul-13	3-Jul-13	16-Jul-13	$0.35319	2.71%
2-Jul-12	4-Jul-12	17-Jul-12	$0.24679	-

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.

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ANNOUNCEMENTS

ASX Announcements: QAG

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RESOURCES

	Factsheet - QAG	Download
	Whitepaper \| The How and Why of Investing in Agriculture	Download
	A guide to trading BetaShares Commodity ETFs	Download
	BetaShares Commodity ETFs \| Frequently Asked Questions	Download
	Product Disclosure Statement - QAG, QCB, OOO	Download
	Annual Report - June 2019	Download
	Notice of Modifications to Fund Constitution – AMIT Tax Regime	Download
	Index Methodology	Download
	2018 Distribution Calendar	Download
	Interim Financial Report 2018	Download
	OTC Derivatives Counterparty Exposure Information – December 2019	Download