S&P 500 Equal Weight ETF

QUS

Invest in an equally weighted portfolio of 500 leading US companies

Invest Factsheet

Overview

Fund objective

QUS aims to track the performance of the S&P 500 Equal Weight Index (before fees and expenses). The Index provides exposure to 500 leading listed US companies, with each holding in the index weighted equally.

Benefits of QUS

  • Portfolio diversification and reduced concentration

    Cost-effective exposure to 500 leading US companies, in a single ASX trade. Equal weighting approach reduces the risk of the portfolio being heavily exposed to a small number of ‘mega cap’ companies.

  • Simple, effective methodology

    The equal weighted methodology is simple, yet has been effective. QUS’ Index has outperformed the market cap-weighted S&P 500 Index since inception1.

  • Long-term outperformance potential

    By removing the link between the price of a share and its weight in the index, the equal weight approach aims to outperform comparable traditional indexes over time by selling higher priced shares while buying those which are lower priced, through regular rebalancing.

1 Based on performance comparison between S&P 500 Equal Weight Index and the S&P 500 Index over the period January 2003 (index inception date) to date. Past performance is not indicative of future performance of any index or ETF. You cannot invest directly in an index.

There are risks associated with an investment in QUS, including market risk, index methodology risk, country risk and currency 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)

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $43.30

* As at 6 December 2023

Download NAV history

Profile

Net assets* ($A) $268,138,493
Units outstanding* (#) 6,193,033
Management fee and cost** (p.a.) 0.29%
Distribution frequency Semi-annual
Distribution reinvestment plan (DRP) Full or partial participation available
Issuer Betashares Capital Ltd
Registry Link Market Services

* As at 6 December 2023

**Additional costs, such as transaction costs, may apply. Please refer to PDS.

Trading information

ASX code QUS
Bloomberg code QUS AU
IRESS code QUS.AXW
iNAV IRESS code N/A
Market makers Susquehanna Pacific

Index information

Index S&P 500 Equal Weight Index
Index provider S&P
Index ticker N/A
Bloomberg index ticker SPXEWNTR Index
Download index methodology

Holdings & allocation

Portfolio holdings

Name Weight (%)
BATH & BODY WORKS INC 0.3%
ALLSTATE CORP/THE 0.3%
EXPEDIA GROUP INC 0.3%
GARTNER INC 0.2%
QUALCOMM INC 0.2%
FAIR ISAAC CORP 0.2%
ROYAL CARIBBEAN CRUISES LTD 0.2%
ASSURANT INC 0.2%
GARMIN LTD 0.2%
ADVANCED MICRO DEVICES INC 0.2%

* As at 7 December 2023. Excludes cash

Download CSV

Sector allocation

Industrials 		15.5%
Financials 		14.8%
Information Technology 		12.6%
Health Care 		12.6%
Consumer Discretionary 		10.4%
Consumer Staples 		7.6%
Utilities 		6.2%
Real Estate 		5.9%
Materials 		5.8%
Other 		8.7%

* As of 31 October 2023

Performance

Fund returns after fees (%)

  Fund Index S&P500 Index (TR, A$)
1 month 4.14% 4.14% 4.15%
3 months -3.08% -3.10% -0.74%
6 months 4.33% 4.34% 7.27%
1 year 1.95% 1.93% 14.41%
3 year p.a. - 11.70% 13.15%
5 year p.a. - 11.48% 14.12%
10 year p.a. - 12.91% 14.81%
Since inception (p.a.) 11.91% 11.90% 13.68%
Inception date 18-Dec-20 - -

* As at 30 November 2023.
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.
Inception date refers to the inception of the Fund's current investment strategy. Prior to the inception date, the Fund traded under a different investment strategy, and was subject to different management costs. Information about the Fund's performance prior to the current strategy inception date is available on request by emailing info@betashares.com.au or calling 1300 487 577.

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 Semi-annual
12 mth distribution yield* 3.1%

*As at 31 October 2023. 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.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
3-Jul-23 4-Jul-23 18-Jul-23 $1.01179 3.30%
3-Jan-23 4-Jan-23 18-Jan-23 $0.247044 3.77%
1-Jul-22 4-Jul-22 18-Jul-22 $1.339874 3.92%
4-Jan-22 5-Jan-22 19-Jan-22 $0.222219 3.54%
1-Jul-21 2-Jul-21 16-Jul-21 $0.830264 12.93%
21-Dec-20 22-Dec-20 12-Jan-21 $2.842774 10.26%
1-Jul-20 2-Jul-20 16-Jul-20 $1.105378 3.78%
2-Jan-20 3-Jan-20 17-Jan-20 $0.30518 5.20%
1-Jul-19 2-Jul-19 16-Jul-19 $1.220615 4.95%
2-Jan-19 3-Jan-19 17-Jan-19 $0.366047 3.56%
2-Jul-18 3-Jul-18 17-Jul-18 $0.819055 3.49%
2-Jan-18 3-Jan-18 17-Jan-18 $0.219044 2.39%
3-Jul-17 4-Jul-17 18-Jul-17 $0.482987 2.50%
3-Jan-17 4-Jan-17 18-Jan-17 $0.198405 3.12%
1-Jul-16 4-Jul-16 18-Jul-16 $0.564359 3.02%
4-Jan-16 6-Jan-16 19-Jan-16 $0.240911 2.78%
1-Jul-15 3-Jul-15 20-Jul-15 $0.460781 -

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: QUS

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