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.
Announcement regarding distributions
The Fund intends to make monthly distributions for April, May and June 2021. See the ASX announcement here for more information.
|% Change (prev day)||-|
iNAV stands for Indicative Net Asset Value. It provides an estimate of the net asset value of the Fund during the ASX trading day.
|Net Assets* ($A)||$249,205,566|
|Units Outstanding* (#)||40,796,759|
|Mgmt Costs** (% p.a.)||0.69%|
|Distribution Reinvestment Plan (DRP)||Not available|
|Fund Administrator||RBC Investor Services|
|Custodian||RBC Investor Services|
|Registry||Link Market Services|
|Bloomberg Code||OOO AU|
|Trading Hours||11.00-16.00 (AEST)|
|iNAV IRESS Code||OOOINAV.ETF|
|Index||S&P GSCI Crude Oil Index Excess Return (Hedged into A$)|
|Index Provider||Standard and Poor's|
|Bloomberg Index Ticker||SPGCCLP Index|
|3 year p.a||-27.83%||-20.88%|
|5 year p.a||-15.73%||-10.83%|
|12 Mth Distribution Yield* (%)||5.7%|
|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
PDS Update - 09 December 2020
Supplementary PDS - 03 August 2020
Supplementary PDS - 27 April 2020
Current WTI Crude Oil Futures Curve
Product Disclosure Statement Update - 8 March 2021
Annual Report - June 2020
NRWT and Fund Payment Notice information - May 2021 distributions
NRWT and Fund Payment Notice information - April 2021 distributions
Notice of Modifications to Fund Constitution – AMIT Tax Regime
Interim Financial Report - December 2020
OTC Derivatives Counterparty Exposure Information – May 2021