Betashares Wealth Builder Australia 200 Geared (30-40% LVR) Complex ETF
- Australian shares
Unlock the long-term power of gearing into Australian equities
Overview
Fund objective
G200 seeks to help investors build long-term wealth by providing a cost-effective way to benefit from moderately geared exposure to the returns of the broad Australian sharemarket.
Fund strategy
The Fund is ‘internally geared’, meaning all gearing obligations are met by the Fund. The Fund combines applications received from investors with borrowed funds and invests the proceeds in Betashares Australia 200 ETF (ASX: A200), which aims to track the performance of the largest 200 equity securities on the ASX by market capitalisation (before fees and expenses).
The Fund’s gearing ratio (being the total amount borrowed expressed as a percentage of the total assets of the Fund) will generally vary between 30% and 40% on a given day.
The Fund does not aim to track an index.
The gearing ratio of between 30% and 40% means that the Fund’s geared exposure is anticipated to vary between ~143% and 167% of the Fund’s Net Asset Value on a given day. The Fund’s portfolio exposure is actively monitored and adjusted to stay within this range.
The Fund’s returns will not necessarily be in this range over periods longer than a day, primarily due to the effects of rebalancing to maintain the Fund’s daily target geared exposure range and the compounding of investment returns over time, and the impact of fees and costs.
The Fund’s returns over periods longer than one day may differ in amount and possibly direction from the daily target geared return range. This effect on returns over time can be expected to be more pronounced the more volatile the relevant sharemarket or portfolio and the longer an investor’s holding period.
Due to the effects of rebalancing and compounding of investment returns over time, investors should not expect the Fund’s Net Asset Value to be at a particular level for a given value of the relevant sharemarket or portfolio at any point in time.
Investors should monitor their investment regularly to ensure it continues to meet their investment objectives.
Gearing magnifies gains and losses and may not be a suitable strategy for all investors. Investors in geared strategies should be willing to accept higher levels of investment volatility and potentially large moves (both up and down) in the value of their investment. Geared investments involve significantly higher risk than non-geared investments. An investment in the Fund is high risk in nature.
Benefits of G200
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Potential for accelerated wealth creation
The use of gearing to increase exposure is an established way to build long-term wealth. G200 provides moderately geared, diversified exposure to the Australian sharemarket.
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Convenient access to low-cost funding
G200 borrows at institutional interest rates that are considerably lower than those typically available to individual investors. Investing in G200 requires no loan applications, no credit checks and no possibility of margin calls as the gearing is managed internally within the Fund.
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Potential for enhanced franking credits
An investor in G200 may be entitled to more franking credits than if they had invested in an equivalent ungeared portfolio.1
1. Not all Australian investors will be able to receive the full value of franking credits.
There are risks associated with an investment in G200, including market risk, underlying ETF risk, gearing risk, rebalancing and compounding risk and lender risk. Investment value can go up and down. An investment in the Fund should only be made after considering your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
How to use in a portfolio
- May suit investors seeking to build long-term wealth who are comfortable taking on the increased risk of gearing.
- Can be used in combination with dollar cost averaging (DCA) as a strategy to potentially accelerate long-term wealth creation.
- May be a convenient way for SMSFs that have reached the concessional contribution cap to increase their exposure to the Australian sharemarket.
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
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| ASX iNav code | YG20 |
* Data is delayed by at least 20 minutes.
| NAV | |
|---|---|
| NAV/Unit* | $24.69 |
* As at 2 May 2024
Profile
| Net assets* ($A) | $1,234,595 |
|---|---|
| Units outstanding* (#) | 50,000 |
| Management fee and cost** (p.a.) | 0.35% |
| Investment manager | Betashares Capital Ltd |
| Distribution frequency | Semi-annual |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Registry | Link Market Services |
* As at 2 May 2024
* As of close of previous 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 | G200 |
|---|---|
| Bloomberg code | G200 AU |
| IRESS code | G200 AXW |
| Market makers | BNP Paribas Financial Markets SNC |
Index information
| Index | N/A |
|---|---|
| Index provider | N/A |
| Index ticker | N/A |
| Bloomberg index ticker | N/A |
Gearing
| Gearing range | 30-40% |
|---|---|
| Current gearing ratio* (%) | 35.3% |
| Current gearing multiple** (x) | 1.55 |
* As at 3 May 2024 . 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 value of underlying investment portfolio held by the Fund. For example, if the Fund’s gearing multiple is 1.5x and the underlying investment portfolio goes up 1% that day, the Fund would be expected to go up approximately 1.5% that day, before fees and expenses. The Fund is actively managed, and the gearing multiple will change on a daily basis, affecting returns over time.
Holdings & allocation
Sector allocation
| Financials | 30.1% |
|---|---|
| Materials | 23.0% |
| Health Care | 9.3% |
| Consumer Discretionary | 6.9% |
| Industrials | 6.9% |
| Real Estate | 6.6% |
| Energy | 5.3% |
| Consumer Staples | 3.9% |
| Communication Services | 3.5% |
| Other | 4.6% |
* As of 19 April 2024
Performance
Fund returns after fees (%)
| Fund | ||
|---|---|---|
| 1 month | - | - |
| 3 months | - | - |
| 6 months | - | - |
| 1 year | - | - |
| 3 year p.a. | - | - |
| 5 year p.a. | - | - |
| 10 year p.a. | - | - |
| Since inception (p.a.) | - | - |
| Inception date | 19-Apr-24 | - |
* As at 28 March 2024.
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.
Chart
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Distributions
Yield information
| 12 mth distribution yield* | - |
|---|
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| - | - | - | - | - |