ASX BBUS | US Equities Strong Bear Hedge Fund | BetaShares
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OVERVIEW

Fund Objective

BBUS seeks to generate magnified returns that are negatively correlated to the returns of the U.S. sharemarket. The Fund expects to generate a magnified positive return when the S&P 500 Total Return Index falls (and a magnified negative return when the index rises).

Fund Strategy

A 1% fall in the U.S. sharemarket on a given day can generally be expected to deliver a 2% to 2.75% increase in the value of the Fund (and vice versa).

NB: The Fund’s portfolio exposure is actively monitored and adjusted to stay within a -2x to -2.75x range on any given day. The Fund’s returns will not necessarily be in the range -2x to -2.75x over periods longer than a day, due to the effects of rebalancing and compounding of investment returns over time. Investors should monitor their investment to ensure it continues to meet their investment objectives.
The Fund uses futures to obtain its exposure rather than the underlying shares. As the futures market closes at a later time to the share market, at times the Fund’s performance for a given day may differ from that indicated by the share market. As the U.S. futures market is open during ASX trading hours, the Fund’s performance during the day will reflect movements in the futures market.  

Gearing magnifies gains and losses and may not be a suitable strategy for all investors. 

Benefits of BBUS

Hedge your portfolio

Protect your portfolio of U.S. shares from a market decline, without having to sell your shares and crystallise capital gains.

Leveraged returns in declining markets

BBUS gives you the opportunity to make magnified gains when the U.S. sharemarket falls.

Convenience

Investing in BBUS avoids the costs and complications of futures, CFDs and short selling. You will never receive a margin call.

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 28 May 2020

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $3.06
* As at 25 May 2020

Profile

Net Assets* ($A) $320,128,750
Units Outstanding* (#) 104,625,000
Mgmt Costs** (% p.a.) 1.38%
Distribution Frequency Annual
Distribution Reinvestment Plan (DRP) Not available
Issuer BetaShares Capital Ltd
Fund Administrator FundBPO
Custodian Deutsche Bank AG
Registry Link Market Services
Auditor KPMG
* As at 25 May 2020
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code BBUS
Bloomberg Code BBUS AU
IRESS Code BBUS.AXW
Trading Hours 10.00-16.00 (AEST)
iNAV IRESS Code N/A
Market Makers Deutsche Securities, Susquehanna Pacific
SMSF Eligible Yes

Index Information

Index N/A
Index Provider N/A
Index Ticker N/A
Bloomberg Index Ticker N/A

Portfolio Composition

Name %
1 Cash & Cash Equivalents* 100%
The Fund's Portfolio may comprise cash, cash equivalents and a short futures position in S&P 500 futures. For full details see our resources section

Short Exposure

Range* (%) -200% to -275%
Current Portfolio Exposure ** (%) -253.4%
* As at 28 May 2020
*Calculated as the Fund's short exposure to the S&P 500 Index as a percentage of the Fund's net asset value.
**Represents the Fund's approximate exposure, for the above date, to movements in the S&P 500 Index, as measured by the futures contract held in the Fund. For example, if the Fund's portfolio exposure is -230% (or -2.30x) and the S&P 500 Index goes down 1% that day, the Fund would be expected to go up approximately 2.30% that day, before fees and expenses. The Fund is actively managed and the portfolio exposure will change on a daily basis, affecting return over time

PERFORMANCE

Fund Returns After Fees (%)

  Fund S&P 500 Index (TR, US$)
1 month -26.98% 12.78%
3 months 8.29% -9.39%
6 months -7.50% -3.45%
1 year -15.88% 0.26%
3 year p.a -23.84% 8.40%
5 year p.a - -
Since inception (p.a) -27.86% 11.20%
Inception date 24-Aug-15 -
* As at 30 April 2020

Chart

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.

DISTRIBUTIONS

Yield Information

Distribution Frequency Annual
12 Mth Distribution Yield* (%) -
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 April 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)
- - - - -
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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.

ANNOUNCEMENTS

ASX Announcements: BBUS

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RESOURCES

Factsheet - BBUS
Download
Brochure - BetaShares Bear Hedge Fund Series
Download
BetaShares Bear Funds - Recent FAQs
Download
Portfolio Holdings
Download
Product Disclosure Statement - BBUS
Download
Annual Report - June 2019
Download
Notice of Modifications to Fund Constitution – AMIT Tax Regime
Download
Interim Financial Report 2018
Download
BBUS Annual Hedge Fund Report – 2019
Download
2020 BetaShares Distribution Calendar
Download
View more

LEARN MORE ABOUT BBUS

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