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Active (8)BetaShares Australian Equities Strong Bear Hedge Fund
A simple way to seek to profit from, or protect against, a declining Australian sharemarket. BBOZ is designed to generate magnified positive returns when the market goes down (and vice versa).
OVERVIEW
Fund Objective
BBOZ seeks to generate magnified returns that are negatively correlated to the returns of the Australian sharemarket. The Fund expects to generate a magnified positive return when the S&P/ASX 200 Accumulation Index falls (and a magnified negative return when the index rises).
Fund Strategies
A 1% fall in the Australian sharemarket on a given day can generally be expected to deliver a 2% to 2.75% 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 -2x to -2.75x range on any given day. The Fund’s returns will not necessarily be in the range -2x to -2.75x 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.
Gearing magnifies gains and losses and may not be a suitable strategy for all investors.
Benefits of BBOZ
Hedge your portfolio
Protect your portfolio from market declines, without having to sell your shares and crystallise capital gains.
Profit from declining markets
BBOZ gives you the opportunity to make magnified gains when the Australian sharemarket falls.
Convenience
Investing in BBOZ avoids the costs and complications of futures, CFDs and short selling. Investors are not exposed to margin calls.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 23 September 2020
| Current Price | |
|---|---|
| Last Trade* | - |
| % Change (prev day) | - |
| Bid (delayed) | - |
| Offer (delayed) | - |
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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
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$8.913 |
*Data is delayed by at least 20 minutes.
** As at 22 September 2020 04:29 PM
Download NAV history
| NAV | |
|---|---|
| NAV/Unit * | $8.78 |
* As at 21 September 2020
Profile
| Net Assets* ($A) | $495,557,448 |
| Units Outstanding* (#) | 56,450,000 |
| Mgmt Costs** (% p.a.) | 1.38% |
| Distribution Frequency | Annual |
| Distribution Reinvestment Plan (DRP) | Not available |
| Issuer | BetaShares Capital Ltd |
| Fund Administrator | RBC Investor Services |
| Custodian | RBC Investor Services |
| Registry | Link Market Services |
| Auditor | KPMG |
* As at 21 September 2020
**Certain additional costs apply. Please refer to PDS.
Trading Information
| ASX Code | BBOZ |
| Bloomberg Code | BBOZ AU |
| IRESS Code | BBOZ.AXW |
| Trading Hours | 10.00-16.00 (AEST) |
| iNAV IRESS Code | BBOZINAV.ETF |
| Market Makers | Susquehanna Pacific |
| SMSF Eligible | Yes |
Index Information
| Index | N/A |
| Index Provider | N/A |
| Index Ticker | N/A |
| Bloomberg Index Ticker | N/A |
Portfolio Composition
| Name | % |
|---|---|
| 1 Cash & Cash Equivalents* | 100 |
The Fund's Portfolio may comprise cash, cash equivalents and a short futures position in ASX SPI 200 futures. For full details see our resources section
Short Exposure
| Range* (%) | -200% to -275% |
| Current Portfolio Exposure ** (%) | -222.1% |
* As at 23 September 2020
*Calculated as the Fund's short exposure to the S&P/ASX 200 Acc Index as a percentage of the Fund's net asset value.
**Represents the Fund's approximate exposure, for the above date, to movements in the S&P/ASX 200 Acc Index, as measured by the futures contract held in the Fund. For example, if the Fund's Portfolio Exposure is -230% (or -2.30x) and the S&P/ASX 200 Index goes down 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."
**Represents the Fund's approximate exposure, for the above date, to movements in the S&P/ASX 200 Acc Index, as measured by the futures contract held in the Fund. For example, if the Fund's Portfolio Exposure is -230% (or -2.30x) and the S&P/ASX 200 Index goes down 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."
PERFORMANCE
Fund Returns After Fees (%)
| Fund | S&P/ASX 200 Accum. Index | |
|---|---|---|
| 1 month | -6.05% | 2.83% |
| 3 months | -16.43% | 6.04% |
| 6 months | -21.57% | -4.48% |
| 1 year | -21.22% | -5.08% |
| 3 year p.a | -22.90% | 6.10% |
| 5 year p.a | -22.27% | 7.47% |
| Since inception (p.a) | -17.63% | 4.88% |
| Inception date | 17-Apr-15 | - |
* As at 31 August 2020
Chart
Chart Type
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 at 31 August 2020. Yield figures are calculated by summing the prior 12 month net and gross 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-15 | 3-Jul-15 | 20-Jul-15 | $2.41389 | - |
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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.
RESOURCES
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Factsheet - BBOZ |
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Fund Flyer - BBOZ |
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Brochure - BetaShares Bear Hedge Fund Series |
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BetaShares Bear Funds - Recent FAQs |
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Portfolio Holdings |
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Product Disclosure Statement - BBOZ |
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Annual Report - June 2019 |
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Notice of Modifications to Fund Constitution – AMIT Tax Regime |
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Interim Financial Report 2018 |
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BBOZ Annual Hedge Fund Report – 2019 |
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2020 BetaShares Distribution Calendar |
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