GEAR.AX

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Fund Information

Issuer

BetaShares

Category

Financial Services

Inception Date

Apr 30, 2014

Description

GEAR provides investors with cost-effective geared exposure to the returns of the broad Australian sharemarket.The Fund is ‘internally geared’, meaning all gearing obligations are met by the Fund. The Fund combines funds received from investors with borrowed funds and invests the proceeds in a broadly diversified share portfolio consisting of the largest 200 equity securities on the ASX by market capitalisation (as measured by the S&P/ASX 200 Index).The Fund’s gearing ratio (being the total amount borrowed expressed as a percentage of the total assets of the Fund) is managed between 50-65% on any given day.The gearing ratio will generally vary between 50% and 65% on a given day. This means that the Fund’s geared exposure is anticipated to vary between 200% and 286% of the Fund’s Net Asset Value on a given day. The Fund’s portfolio exposure is actively monitored and adjusted to stay within this range. The Fund’s returns will not necessarily be in this range over periods longer than a day, due to the effects of rebalancing to maintain the Fund’s daily target geared exposure range and compounding of investment returns over time. The Fund’s returns over periods longer than one day may differ in amount and possibly direction from the daily target geared return range. This effect on returns over time can be expected to be more pronounced the more volatile the broad Australian sharemarket and the longer an investor’s holding period. Due to the effects of rebalancing and compounding of investment returns over time, investors should not expect the Fund’s Net Asset Value to be at a particular level for a given value of the broad Australian sharemarket at any point in time. Investors should actively monitor their investment as frequently as daily to ensure it continues to meet their investment objectives. Gearing magnifies gains and losses and may not be a suitable strategy for all investors. Investors in geared strategies should be willing to accept higher levels of investmen

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