BetaShares Gold Bullion ETF - Currency Hedged (QAU)
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100892-2023-01-06-02:20.pdf |
FUND MANAGER | BetaShares Capital |
ASX Code | QAU* |
APIR | |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund invests its assets into the purchase of physical gold bullion. |
INVESTMENT PROFILE | The Fund aims to track the performance of the price of gold bullion, with a currency hedge against movements in AUD/USD exchange rate (before fees and expenses). |
CURRENCY MANAGEMENT | Hedged |
INCEPTION DATE | 03-05-2011 |
BENCHMARK | Gold bullion, hedged to AUD |
FUND SIZE | Gold bullion, hedged to AUD |
DISTRIBUTION FREQUENCY | Yearly |
NO. OF HOLDINGS | |
FEES | 0.49% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the BetaShares Gold Bullion ETF - Currency Hedged
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RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the FundThe Fund invests its assets into the purchase of physical gold bullion (i.e., bars of gold). All of the physical gold bullion is held in an account maintained with JPMorgan Chase Bank N.A, in JPMorgan's London vault premises (or, on a temporary basis, by an authorised subcustodian). All the gold bullion meets the standards required for certification as "London Good Delivery Bars, as specified by the London Bullion Market Association. The Fund is hedged to Australian Dollars with the aim of eliminating the effect of currency fluctuations on performance. Investment objectiveThe Fund aims to track the performance of the price of gold bullion, with a currency hedge against movements in AUD/USD exchange rate (before fees and expenses). Backed by physical gold bullion, the Fund offers a convenient way for investors to gain exposure to the price of gold, without the inconvenience associated with directly purchasing, storing and insuring physical gold bullion. In addition, as gold is priced in U.S. Dollars, the Fund hedges its U.S. Dollar exposure back to the Australian Dollar, in order to reduce currency risk for Australian investors. How to use this ETF in your portfolioThe Fund can be used to implement a variety of investment strategies. For example:
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Mandate
How we invest your moneyThe Fund will invest its assets into the purchase of physical gold bullion from the Gold Vendor on the terms of the Gold Contract. Rather than delivering physical gold to the Fund at the time of purchase, the Gold Vendor will retain legal ownership of the gold in its name and will secure its obligation to deliver gold to the Fund by way of a registered charge over the gold in favour of the Fund. All of the physical gold that secures the performance of the Gold Vendor's obligations under the Gold Contract will be stored for the Gold Vendor by the Gold Custodian, being JPMorgan Chase Bank N.A. The gold will be stored in JPMorgan's London vault premises or, on a temporary basis, by an authorised sub-custodian. Gold will be held in the form of specifically allocated gold bars, which will meet the specifications required for certification as "London Good Delivery Bars. Any residual value that is too small to be split into standard gold bars will be held in unallocated gold (generally expected to be no more than 430 troy ounces at any time). Some gold may also be held in unallocated form on a short term basis when gold is in the process of being allocated or de-allocated in connection with Unit applications and redemptions. The Fund will also hold forward foreign exchange contracts or similar instruments (to protect against movements in the AUD/USD exchange rate) and, from time to time, cash. Other than by holding gold exposure as set out in this section, the Fund will not engage in any activities designed to protect against, or profit from, changes in gold prices. |