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BetaShares Geared U.S. Equity Fund - Currency Hedged (hedge fund)
A simple way to obtain cost-effective geared exposure to the U.S. sharemarket, in a single ASX trade, removing the need to borrow funds yourself or risk margin calls.
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 2021
| 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* | $34.35 |
* As at 22 September 2021
Profile
| Net Assets* ($A) | $96,181,792 |
| Units Outstanding* (#) | 2,800,000 |
| Mgmt Costs** (% p.a.) | 0.80% |
| Distribution Frequency | Annual |
| Distribution Reinvestment Plan (DRP) | Not available |
| Issuer | BetaShares Capital Ltd |
| Fund Administrator | FundBPO |
| Custodian | Deutsche Bank AG |
| Registry | Link Market Services |
| Auditor | KPMG |
* As at 22 September 2021
**Costs expressed as a percentage of gross asset value of the Fund. Certain additional costs apply. Please refer to PDS.
Trading Information
| ASX Code | GGUS |
| Bloomberg Code | GGUS AU |
| IRESS Code | GGUS.AXW |
| Trading Hours | 10.00-16.00 (AEST) |
| iNAV IRESS Code | N/A |
Index Information
| Index | N/A |
| Index Provider | N/A |
| Index Ticker | N/A |
| Bloomberg Index Ticker | N/A |
Gearing
| Gearing Range | 50-65% |
| Current Gearing Ratio * (%) | 54.4% |
| Current Gearing Multiple** (x) | 2.19 |
* As at 23 September 2021. Calculated as Fund borrowings divided by
Fund total assets. Current Gearing Ratio is as at start of the above date and can be expected to
vary throughout the day.
**Represents the Fund's approximate exposure, for the above date, to movements in the U.S. share market (as measured by the S&P 500 index). For example, if the Fund's gearing multiple is 2.1x, and the S&P 500 index goes up 1% that day, the Fund would be expected to go up approximately 2.1% that day. The Fund is actively managed and the gearing multiple will change on a daily basis, affecting returns over time.
Sector Allocation
| Information Technology | 28.0% |
| Healthcare | 13.4% |
| Consumer Discretionary | 11.9% |
| Communication Services | 11.4% |
| Financials | 11.1% |
| Industrials | 8.2% |
| Consumer Staples | 5.7% |
| Real Estate | 2.6% |
| Materials | 2.6% |
| Other | 5.0% |
* As of 31 August 2021
PERFORMANCE
Fund Returns After Fees (%)
| Fund | S&P 500 Index (TR, US$) | |
|---|---|---|
| 1 month | 6.27% | 3.00% |
| 3 months | 16.75% | 7.84% |
| 6 months | 44.99% | 19.27% |
| 1 year | 73.20% | 30.58% |
| 3 year p.a | 26.62% | 17.43% |
| 5 year p.a | 30.23% | 17.35% |
| Since inception (p.a) | 25.10% | 15.07% |
| Inception date | 17-Aug-15 | - |
* As at 31 August 2021
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* (%) | 2.8% |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
*As at 31 August 2021. 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-21 | 2-Jul-21 | 16-Jul-21 | $1.02537 | 4.67% |
| 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.
RESOURCES
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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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Product Disclosure Statement Update - 8 March 2021 |
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Interim Financial Report - December 2020 |
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Annual Report - June 2020 |
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NRWT and Fund Payment Notice information - June 2021 distributions |
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GGUS Annual Hedge Fund Report – 2020 |
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