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).
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).
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.
|% Change (prev day)||-|
iNAV stands for Indicative Net Asset Value. It provides an estimate of the net asset value of the Fund during the ASX trading day.
|Net Assets* ($A)||$311,208,405|
|Units Outstanding* (#)||54,400,000|
|Mgmt Costs** (% p.a.)||1.38%|
|Distribution Reinvestment Plan (DRP)||Not available|
|Issuer||BetaShares Capital Ltd|
|Fund Administrator||RBC Investor Services|
|Custodian||RBC Investor Services|
|Registry||Link Market Services|
|Bloomberg Code||BBOZ AU|
|Trading Hours||10.00-16.00 (AEST)|
|iNAV IRESS Code||BBOZINAV.ETF|
|Market Makers||Susquehanna Pacific|
|Bloomberg Index Ticker||N/A|
|1 Cash & Cash Equivalents*||100|
|Range* (%)||-200% to -275%|
|Current Portfolio Exposure ** (%)||-229.9%|
|Fund||S&P/ASX 200 Accum. Index|
|3 year p.a||-26.55%||7.39%|
|5 year p.a||-27.47%||10.74%|
|Since inception (p.a)||-20.51%||6.42%|
|12 Mth Distribution Yield* (%)||-|
|12 Mth Gross Distribution Yield* (%)||-|
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
Factsheet - BBOZ
Fund Flyer - BBOZ
Brochure - BetaShares Bear Hedge Fund Series
BetaShares Bear Funds - Recent FAQs
Product Disclosure Statement - BBOZ
Annual Report - June 2020
Notice of Modifications to Fund Constitution – AMIT Tax Regime
2020 BetaShares Distribution Calendar
Interim Financial Report 2018
BBOZ Annual Hedge Fund Report – 2020