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OVERVIEW

About

Gives investors a simple and accessible way to obtain magnified ‘short’ exposure to the U.S. sharemarket

  • A 1% fall in the U.S. share market on a given day can generally be expected to deliver a 2.0% to 2.75% increase in the value of the Fund (and vice versa)
  • Hedge U.S. share portfolios against falling markets via an efficient use of capital
  • Can be used to seek profits when U.S. share markets decline
  • No need to borrow shares or use proprietary trading platforms in order to obtain a magnified short exposure
  • Alternative to CFDs
  • Actively managed

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

Advantages

  • Access – obtain magnified returns that are negatively correlated to U.S. sharemarket as simply as buying any share
  • Convenience – investors avoid complications and costs of CFDs, futures and short selling
  • No margin calls for investors – cannot lose more than initial investment
  • No W-8 BEN forms and no US estate tax implications for investors – simplified tax administration, unlike cross-listed alternatives
  • Reduced currency risk – US dollar exposure hedged to the Australian dollar
  • Liquidity – available to trade on ASX like any share

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 24 September 2017

Current Price
Last Trade* $6.53
% Change (prev day) 0.93%
Bid (delayed) -
Offer (delayed) $6.60
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $6.45
* As at 21 September 2017

Profile

Net Assets* ($A) $70,149,177
Units Outstanding* (#) 10,875,000
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 21 September 2017
**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 ** (%) -261.9%
* As at 24 September 2017
*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 -0.25% 0.23%
3 months -5.95% 2.85%
6 months -11.31% 5.33%
1 year -30.81% 15.51%
3 year p.a - -
5 year p.a - -
Since inception (p.a) -32.88% 15.82%
Inception date 24-Aug-15 -
* As at 31 August 2017

Chart

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 of 31 August 2017. Yield figures are calculated by summing the prior 12 month 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
Introduction to BetaShares Bear Hedge Fund Series
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Product Disclosure Statement - BBUS
Download
Portfolio Holdings
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Annual Report June 2016
Download
Supplementary Product Disclosure Statement – November 2016
Download
Supplementary Product Disclosure Statement – November 2016
Download
Annual Hedge Fund Report 31 December 2016
Download
31 December 2016 Interim Financial Report - GEAR and BBUS
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View more

LEARN MORE ABOUT BBUS

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