Crude Oil Index ETF – Currency Hedged (Synthetic)

OOO

A simple way to gain exposure to crude oil futures

Invest with us

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 are 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.

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.

There are risks associated with an investment in OOO, including market risk, commodity volatility risk, commodity roll risk and derivatives risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

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

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)
iNAV (live)**

* Data is delayed by at least 20 minutes.

** As at 20 April 2022 04:29:59 PM

NAV
NAV/Unit* $5.77

* As at 23 May 2024

Profile

Net assets* ($A) $133,483,119
Units outstanding* (#) 23,141,373
Management fee and cost** (p.a.) 1.29%
Distribution frequency Annual
Distribution reinvestment plan (DRP) Full or partial participation available
Issuer Betashares Capital
Registry Link Market Services

* As at 23 May 2024

**Certain additional costs apply. Please refer to PDS.

Trading information

ASX code OOO
Bloomberg code OOO AU
IRESS code OOO.AXW
iNAV IRESS code OOOINAV.ETF
Market makers Susquehanna Pacific

Index information

Index S&P GSCI Crude Oil Index Excess Return (USD)
Index provider Standard and Poor's
Index ticker N/A
Bloomberg index ticker SPGCCLP Index

Holdings & allocation

Sector allocation

Crude Oil
100.0%

* As of 30 April 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month -0.34% -0.61%
3 months 10.56% 9.74%
6 months 3.72% 2.33%
1 year 14.49% 11.57%
3 year p.a. 17.67% 17.85%
5 year p.a. -9.39% -4.18%
10 year p.a. -14.31% -11.52%
Since inception (p.a.) -11.78% -9.63%
Inception date 11-Nov-11 -

* As at 30 April 2024.
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.
Differences in the Fund's performance relative to the Index over one year and longer periods primarily reflect the temporary change made to the Fund's investment exposure from the front-month WTI crude oil futures contract to the three-month forward contract between 23 April 2020 and 4 August 2020, to reduce the risk to the Fund of the near-month futures contracts trading at negative prices given the unprecedented global oil market conditions evident during that period. See the Announcements section for further information regarding that change.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Annual
12 mth distribution yield* -

*As at 30 April 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
3-Jul-23 4-Jul-23 18-Jul-23 - -
1-Jul-22 4-Jul-22 18-Jul-22 $1.291012 41.70%
1-Jun-22 2-Jun-22 17-Jun-22 $0.677026 43.51%
2-May-22 3-May-22 17-May-22 $0.488395 30.71%
1-Jul-21 2-Jul-21 16-Jul-21 $0.383723 29.60%
1-Jun-21 2-Jun-21 17-Jun-21 $0.428066 8.68%
3-May-21 4-May-21 18-May-21 $0.341415 8.60%
1-Apr-21 6-Apr-21 20-Apr-21 - -
1-Oct-20 2-Oct-20 16-Oct-20 - 1.08%
1-Apr-20 2-Apr-20 20-Apr-20 $0.05978 2.46%
2-Jan-20 3-Jan-20 17-Jan-20 $0.430811 8.50%
1-Oct-19 2-Oct-19 16-Oct-19 $0.440573 2.82%
1-Jul-19 2-Jul-19 16-Jul-19 $0.182113 0.90%
2-Jul-18 3-Jul-18 17-Jul-18 $0.262761 1.95%
1-Jul-15 3-Jul-15 20-Jul-15 $0.104694 0.18%
1-Jul-14 3-Jul-14 16-Jul-14 $0.765362 1.54%
2-Jul-12 4-Jul-12 17-Jul-12 $1.094755 -

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. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.

Announcements

ASX announcements: OOO

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