BetaShares Australian Equities Bear Hedge Fund
A simple way to profit from, or protect against, a falling Australian sharemarket. BEAR is designed to go up when the market goes down (and vice versa).
BEAR seeks to generate returns that are negatively correlated to the returns of the Australian sharemarket. The Fund expects to generate a positive return when the S&P/ASX Accumulation 200 Index falls (and a negative return when the index rises).
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).
NB: The Fund’s portfolio exposure is actively monitored and adjusted to stay within a -0.9x to -1.10x range on any given day. The Fund’s returns will not necessarily be in the range -0.9x to -1.10x over periods longer than a day, due to the effects of rebalancing and compounding of investment returns over time. Investors should monitor their investment to ensure it continues to meet their investment objectives.
The Fund uses futures to obtain its exposure rather than the underlying shares. As the futures market closes at a later time to the share market, at times the Fund’s performance for a given day may differ from that indicated by the share market.
The Fund’s strategy of seeking returns that are negatively correlated to market returns is the opposite of most managed funds. The Fund is actively managed and does not track a published benchmark.
|% Change (prev day)||-|
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
|Net Assets* ($A)||$103,793,423|
|Units Outstanding* (#)||9,195,099|
|Mgmt Costs** (% p.a.)||1.38%|
|Distribution Reinvestment Plan (DRP)||Not available|
|Issuer||BetaShares Capital Ltd|
|Fund Administrator||RBC Investor Services|
|Custodian||RBC Investor Services|
|Registry||Link Market Services|
|Bloomberg Code||BEAR AU|
|Trading Hours||10.00-16.00 (AEST)|
|iNAV IRESS Code||BEARINAV.ETF|
|Market Makers||Susquehanna Pacific|
|Bloomberg Index Ticker||N/A|
|1 Cash & Cash Equivalents*||100%|
|Range* (%)||-90% to -110%|
|Current Portfolio Exposure ** (%)||-104.9%|
|Fund||S&P/ASX 200 Accum. Index|
|3 year p.a||-6.76%||4.80%|
|5 year p.a||-7.93%||7.31%|
|Since inception (p.a)||-7.84%||8.73%|
|12 Mth Distribution Yield* (%)||-|
|12 Mth Gross Distribution Yield* (%)||-|
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
Factsheet - BEAR
Fund Flyer - BEAR
Brochure - BetaShares Bear Hedge Fund Series
BetaShares Bear Funds - Recent FAQs
Product Disclosure Statement - BEAR
Annual Report - June 2020
Notice of Modifications to Fund Constitution – AMIT Tax Regime
Interim Financial Report 2018
BEAR Annual Hedge Fund Report – 2019
2020 BetaShares Distribution Calendar