ASX OOO | Oil Crude ETF | BetaShares
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OVERVIEW

Fund Objective

OOO aims to track the performance of an index (before fees and expenses) that provides exposure to crude oil futures, hedged for currency movements in the AUD/USD exchange rate.

Fund Strategy

The index which OOO aims to track provides exposure to the price of West Texas Intermediate (WTI) crude oil futures, hedged for currency exposure.

The price of oil futures contracts is not the same as the “spot price” of oil. As such, OOO does not aim to, and should not be expected to, provide the same return as the performance of this spot price. The performance of an ETF that is linked to oil futures may be materially different to the performance of the spot price of oil itself. This is because the process of “rolling” from one futures contract to the next to maintain investment exposure can result in either a cost or benefit to the Fund, affecting returns. Please refer to the PDS for further information and you can view a more detailed Insights post related to this issue here.

The prices of futures contracts for subsequent periods is known as the ‘futures curve’. See the Resources section below for a link to the WTI Crude Oil futures curve, which indicates whether rolling into subsequent futures contracts will be at higher prices, which would tend to reduce Fund returns, or at lower prices, which would tend to increase Fund returns, assuming no change in the spot price for oil.

Announcements regarding temporary change to OOO’s underlying futures exposure from one-month to three-month WTI Crude Oil futures contracts – see here and here. Given this change, and as noted in the announcements, it should be expected that there will be a larger than usual divergence or ‘tracking error’ in the Fund’s performance compared to the Index which the Fund aims to track.

Investors should exercise caution in light of the unprecedented volatility and heightened risk in the global oil market. Please refer to the Supplementary PDS which supplements the risk disclosures in the PDS in light of recent market developments, including the potential for negative futures contract prices, and the consequent risk that the value of the Fund’s units could permanently reduce to zero in the event of such extreme market volatility, with no ability for unitholders to participate in any future recovery in the values of the futures contracts.

Benefits of OOO

Simple access to price of oil futures

Gain access to the performance of crude oil futures as simply as buying a share, without the complications and cost of investing in the futures market yourself or buying and storing physical commodities.

Portfolio diversification

As oil historically has shown a low correlation to other major asset classes, investing in OOO can help to diversify your portfolio.

Currency-hedged

Oil futures are priced in USD. Hedging against fluctuations in the USD/AUD means you have more ‘pure’ exposure to the price of oil futures.

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 1 June 2020

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
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
$3.640
*Data is delayed by at least 20 minutes.
** As at 1 June 2020 12:16 PM
Download NAV history
NAV
NAV/Unit * $3.67
* As at 29 May 2020

Profile

Net Assets* ($A) $242,872,530
Units Outstanding* (#) 66,096,759
Mgmt Costs** (% p.a.) 0.69%
Distribution Frequency Annual
Distribution Reinvestment Plan (DRP) Not available
Issuer BetaShares Capital
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 29 May 2020
**Certain additional costs apply, including swap costs of ~0.5% to 0.8% p.a. Please refer to PDS.

Trading Information

ASX Code OOO
Bloomberg Code OOO AU
IRESS Code OOO.AXW
Trading Hours 11.00-16.00 (AEST)
iNAV IRESS Code OOOINAV.ETF
Market Makers Citigroup Global Markets, Susquehanna Pacific
SMSF Eligible Yes

Index Information

Index S&P GSCI Crude Oil Index Excess Return (Hedged into A$)
Index Provider Standard and Poor's
Index Ticker N/A
Bloomberg Index Ticker SPGCCLP Index

Sector Allocation

Crude Oil
100.0%
* As of 30 April 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -45.53% -40.69%
3 months -78.97% -76.80%
6 months -79.98% -77.88%
1 year -83.17% -81.35%
3 year p.a -40.35% -38.25%
5 year p.a -36.24% -34.56%
Since inception (p.a) -28.58% -27.53%
Inception date 11-Nov-11 -
* As at 30 April 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* (%) 40.4%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 April 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-Apr-20 2-Apr-20 20-Apr-20 $0.05978 2.47%
2-Jan-20 3-Jan-20 17-Jan-20 $0.43081 8.51%
1-Oct-19 2-Oct-19 16-Oct-19 $0.44057 2.83%
1-Jul-19 2-Jul-19 16-Jul-19 $0.18211 0.89%
2-Jul-18 3-Jul-18 17-Jul-18 $0.26276 1.96%
1-Jul-15 3-Jul-15 20-Jul-15 $0.10469 0.19%
1-Jul-14 3-Jul-14 16-Jul-14 $0.76536 1.54%
2-Jul-12 4-Jul-12 17-Jul-12 $1.09475 -
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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: OOO

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RESOURCES

Factsheet - OOO
Download
Fund Flyer - OOO
Download
Portfolio Holdings
Download
Product Disclosure Statement - QAG, QCB, OOO
Download
Supplementary PDS - 27 April 2020
Download
Current WTI Crude Oil Futures Curve
Download
A guide to trading BetaShares Commodity ETFs
Download
The structure of BetaShares Commodity ETFs
Download
BetaShares Commodity ETFs | Frequently Asked Questions
Download
Annual Report - June 2019
Download
NRWT and Fund Payment Notice information - March 2020 distributions
Download
NRWT and Fund Payment Notice information - December 2019 distributions
Download
NRWT and Fund Payment Notice information - September 2019 distributions
Download
NRWT and Fund Payment Notice information - June 2019 distributions
Download
Notice of Modifications to Fund Constitution – AMIT Tax Regime
Download
Index Methodology
Download
Interim Financial Report 2018
Download
2020 BetaShares Distribution Calendar
Download
OTC Derivatives Counterparty Exposure Information – April 2020
Download
View more

LEARN MORE ABOUT OOO

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