Crude Oil Index Currency Hedged Complex ETF
Overview
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 are 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.
Benefits
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.
Currency-hedged
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.
Invest in OOO with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 20,470,627 |
|---|---|
| Management fee and cost** (p.a.) | 1.29% |
| Distribution frequency | Annual |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital |
| Registry | Link Market Services |
* As at 19 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 19 December 2024 |
| NAV/Unit* | $5.39 |
| iNAV (live)** | |
|
* Data is delayed by at least 20 minutes.
** As at 20 April 2022 04:29:59 PM |
|
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | OOO |
|---|---|
| Bloomberg code | OOO AU |
| IRESS code | OOO.AXW |
| iNAV IRESS code | OOOINAV.ETF |
| Market makers | Susquehanna Pacific |
Index information
| Index | S&P GSCI Crude Oil Index Excess Return (USD) |
|---|---|
| Index provider | Standard and Poor's |
| Index ticker | N/A |
| Bloomberg index ticker | SPGCCLP Index |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -1.37% | -1.51% |
| 3 months | -4.83% | -5.35% |
| 6 months | -5.21% | -6.42% |
| 1 year | -0.90% | -3.56% |
| 3 year p.a. | 11.00% | 10.11% |
| 5 year p.a. | -8.49% | -3.60% |
| 10 year p.a. | -11.96% | -9.36% |
| Since inception (p.a.) | -12.02% | -10.07% |
| Inception date | 11-Nov-11 | - |
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. Differences in the Fund's performance relative to the Index over five years and longer periods primarily reflect the temporary change made to the Fund's investment exposure from the front-month WTI crude oil futures contract to the three-month forward contract between 23 April 2020 and 4 August 2020, to reduce the risk to the Fund of the near-month futures contracts trading at negative prices given the unprecedented global oil market conditions evident during that period. See the Announcements section for further information regarding that change.
Sector allocation
| Crude Oil | 100.0% |
|---|
* As of 29 November 2024
Distributions
Frequency and yield
| Distribution frequency | Annual |
|---|---|
| 12 mth distribution yield* | 4.9% |
*As at 29 November 2024. 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.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.259258 | 5.47% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | - | - |
| 1-Jul-22 | 4-Jul-22 | 18-Jul-22 | $1.291012 | 41.70% |
| 1-Jun-22 | 2-Jun-22 | 17-Jun-22 | $0.677026 | 43.51% |
| 2-May-22 | 3-May-22 | 17-May-22 | $0.488395 | 30.71% |
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.383723 | 29.60% |
| 1-Jun-21 | 2-Jun-21 | 17-Jun-21 | $0.428066 | 8.68% |
| 3-May-21 | 4-May-21 | 18-May-21 | $0.341415 | 8.60% |
| 1-Apr-21 | 6-Apr-21 | 20-Apr-21 | - | - |
| 1-Oct-20 | 2-Oct-20 | 16-Oct-20 | - | 1.08% |
| 1-Apr-20 | 2-Apr-20 | 20-Apr-20 | $0.05978 | 2.46% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.430811 | 8.50% |
| 1-Oct-19 | 2-Oct-19 | 16-Oct-19 | $0.440573 | 2.82% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.182113 | 2.15% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.262761 | 1.95% |
| 1-Jul-15 | 3-Jul-15 | 20-Jul-15 | $0.104694 | 0.18% |
| 1-Jul-14 | 3-Jul-14 | 16-Jul-14 | $0.765362 | 1.54% |
| 2-Jul-12 | 4-Jul-12 | 17-Jul-12 | $1.094755 | - |
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.