BetaShares Crude Oil Index ETF - Currency Hedged (synthetic)
Exposure to crude oil futures, as simply as buying any share on the ASX.
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.
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.
Update regarding OOO’s underlying futures exposure
We refer to the announcement made on 23 April 2020 regarding OOO and to subsequent announcements, which advised that the Fund had temporarily replaced its investment exposure to the front-month WTI crude oil futures contract with exposure to the three-month forward contract until further notice, to reduce the risk to the Fund should the near-month futures contracts trade at negative prices given the unprecedented global oil market conditions evident recently.
We advise that OOO’s investment exposure will revert to the front-month WTI crude oil futures contract referenced by the Index, from the three-month forward contract, effective as at the close of trading on the NYMEX futures exchange on 4 August 2020 (U.S. time). Going forward, the Fund’s futures contract exposure will be rolled in line with the scheduled monthly roll of the Index – see here.
|% Change (prev day)||-|
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
|Net Assets* ($A)||$219,178,747|
|Units Outstanding* (#)||49,596,759|
|Mgmt Costs** (% p.a.)||0.69%|
|Distribution Reinvestment Plan (DRP)||Not available|
|Fund Administrator||RBC Investor Services|
|Custodian||RBC Investor Services|
|Registry||Link Market Services|
|Bloomberg Code||OOO AU|
|Trading Hours||11.00-16.00 (AEST)|
|iNAV IRESS Code||OOOINAV.ETF|
|Market Makers||Citigroup Global Markets, Susquehanna Pacific|
|Index||S&P GSCI Crude Oil Index Excess Return (Hedged into A$)|
|Index Provider||Standard and Poor's|
|Bloomberg Index Ticker||SPGCCLP Index|
|3 year p.a||-32.64%||-26.37%|
|5 year p.a||-23.04%||-18.52%|
|Since inception (p.a)||-23.09%||-20.62%|
|12 Mth Distribution Yield* (%)||13.9%|
|12 Mth Gross Distribution Yield* (%)||-|
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
Factsheet - OOO
Fund Flyer - OOO
Product Disclosure Statement - OOO QAG QCB
Supplementary PDS - 03 August 2020
Supplementary PDS - 27 April 2020
Current WTI Crude Oil Futures Curve
A guide to trading BetaShares Commodity ETFs
The structure of BetaShares Commodity ETFs
BetaShares Commodity ETFs | Frequently Asked Questions
Annual Report - June 2020
NRWT and Fund Payment Notice information - March 2020 distributions
NRWT and Fund Payment Notice information - December 2019 distributions
Notice of Modifications to Fund Constitution – AMIT Tax Regime
2020 BetaShares Distribution Calendar
Interim Financial Report 2018
OTC Derivatives Counterparty Exposure Information – October 2020