ASX OOO | Oil Crude ETF | BetaShares
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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.

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.

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.


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.


Pricing Information 24 September 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
*Data is delayed by at least 20 minutes.
** As at 24 September 2020 04:29 PM
Download NAV history
NAV/Unit * $3.97
* As at 23 September 2020


Net Assets* ($A) $194,592,071
Units Outstanding* (#) 48,996,759
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 23 September 2020
**Certain additional costs apply, including swap costs of ~0.5% to 0.8% p.a. Please refer to PDS.

Trading Information

Bloomberg Code OOO AU
Trading Hours 11.00-16.00 (AEST)
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
Index Methodology

Sector Allocation

Crude Oil
* As of 31 August 2020


Fund Returns After Fees (%)

  Fund Index
1 month 4.45% 5.15%
3 months 16.68% 17.54%
6 months -62.06% -51.11%
1 year -69.35% -60.33%
3 year p.a -29.35% -22.95%
5 year p.a -26.81% -22.58%
Since inception (p.a) -23.94% -21.47%
Inception date 11-Nov-11 -
* As at 31 August 2020


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.


Yield Information

Distribution Frequency Annual
12 Mth Distribution Yield* (%) 21.7%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 August 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 2.46%
2-Jan-20 3-Jan-20 17-Jan-20 $0.43081 8.50%
1-Oct-19 2-Oct-19 16-Oct-19 $0.44057 2.82%
1-Jul-19 2-Jul-19 16-Jul-19 $0.18211 0.90%
2-Jul-18 3-Jul-18 17-Jul-18 $0.26276 1.95%
1-Jul-15 3-Jul-15 20-Jul-15 $0.10469 0.18%
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.


ASX Announcements: OOO

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Factsheet - OOO
Fund Flyer - OOO
Portfolio Holdings
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 2019
NRWT and Fund Payment Notice information - March 2020 distributions
NRWT and Fund Payment Notice information - December 2019 distributions
NRWT and Fund Payment Notice information - September 2019 distributions
Notice of Modifications to Fund Constitution – AMIT Tax Regime
2020 BetaShares Distribution Calendar
Interim Financial Report 2018
OTC Derivatives Counterparty Exposure Information – August 2020
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