ASX GGUS | Geared U.S. Equity Fund (hedge fund) | BetaShares
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OVERVIEW

Fund Objective

GGUS provides investors with cost-effective geared exposure to the returns of the broad U.S. sharemarket, hedged for currency exposure.

Fund Strategy

GGUS is ‘internally geared’, meaning all gearing obligations are met by the Fund. GGUS combines funds received from investors with borrowed funds and invests the proceeds in a broadly diversified share portfolio consisting of the largest 500 shares listed in the U.S. by market capitalisation (as measured by the S&P 500 Index). The Fund’s gearing ratio (being the total amount borrowed expressed as a percentage of the total assets of the Fund) is managed between 50-65%.

Gearing magnifies gains and losses and may not be a suitable strategy for all investors.

Benefits of GGUS

Leveraged returns

GGUS gives you the opportunity to make magnified gains when the U.S. sharemarket rises, and vice versa.

Simple to access, convenient

Avoid the costs and complications of margin loans and CFDs. No need to borrow funds, no credit assessment, and diversified exposure in a single ASX trade.

No margin calls

Investors in GGUS do not face the possibility of 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) -
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $18.62
* As at 21 September 2020

Profile

Net Assets* ($A) $39,097,628
Units Outstanding* (#) 2,100,000
Mgmt Costs** (% p.a.) 0.80%
Distribution Frequency Annual
Distribution Reinvestment Plan (DRP) Not available
Issuer BetaShares Capital Ltd
Fund Administrator FundBPO
Custodian Deutsche Bank AG
Registry Link Market Services
Auditor KPMG
* As at 21 September 2020
**Costs expressed as a percentage of gross asset value of the Fund. Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code GGUS
Bloomberg Code GGUS AU
IRESS Code GGUS.AXW
Trading Hours 10.00-16.00 (AEST)
iNAV IRESS Code N/A
Market Makers Deutsche Securities, Susquehanna Pacific
SMSF Eligible Yes

Index Information

Index N/A
Index Provider N/A
Index Ticker N/A
Bloomberg Index Ticker N/A

Gearing

Gearing Range 50-65%
Current Gearing Ratio * (%) 61.2%
Current Gearing Multiple** (x) 2.58
* As at 22 September 2020. 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 U.S. share market (as measured by the S&P 500 index). For example, if the Fund's gearing multiple is 2.1x, and the S&P 500 index goes up 1% that day, the Fund would be expected to go up approximately 2.1% that day. The Fund is actively managed and the gearing multiple will change on a daily basis, affecting returns over time.

Sector Allocation

Information Technology
28.1%
Healthcare
13.9%
Consumer Discretionary
11.4%
Communication Services
11.2%
Financials
9.7%
Industrials
8.1%
Consumer Staples
7.0%
Utilities
2.9%
Real Estate
2.7%
Other
5.2%
* As of 31 August 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund S&P 500 Index (TR, US$)
1 month 14.57% 7.13%
3 months 33.26% 15.33%
6 months 31.03% 19.29%
1 year 23.91% 21.23%
3 year p.a 17.99% 13.85%
5 year p.a 21.86% 13.77%
Since inception (p.a) 17.28% 12.22%
Inception date 17-Aug-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-19 2-Jul-19 16-Jul-19 $0.02541 0.16%
2-Jul-18 3-Jul-18 17-Jul-18 $0.12012 0.94%
3-Jul-17 4-Jul-17 18-Jul-17 $0.09916 1.05%
1-Jul-16 4-Jul-16 18-Jul-16 $0.09848 -
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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.

ANNOUNCEMENTS

ASX Announcements: GGUS

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RESOURCES

Factsheet - GGUS
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Fund Flyer - GGUS
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Brochure - BetaShares Gear Fund Series
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Portfolio Holdings
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Product Disclosure Statement - GGUS
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Annual Report - June 2019
Download
2020 BetaShares Distribution Calendar
Download
Notice of Modifications to Fund Constitution – AMIT Tax Regime
Download
Interim Financial Report 2018
Download
GGUS Annual Hedge Fund Report – 2019
Download
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LEARN MORE ABOUT GGUS

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