Betashares Geared Short Australian Government Bond ETF Reports Notional Derivatives Exposure of -277.13% for October 2026

Manish Choudhary

03 November 2026 08:45 PM AEDT

Betashares Geared Short Australian Government Bond ETF Reports Notional Derivatives Exposure of -277.13% for October 2026

Image Source: Krish Capital Pty Ltd

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Betashares Capital Ltd (ASX:BBA) has disclosed notional derivatives exposure information for the Betashares Geared Short Australian Government Bond Complex ETF (ASX: BBAB), showing a notional derivatives exposure of -$4,057,646, representing -277.13% of the Fund's net asset value, as at the close of trading on 30 October 2026.

Key Points

Fund net asset value stood at $1,464,149 as at 30 October 2026
Notional derivatives exposure was -$4,057,646 as at the same date
Notional derivatives exposure as a percentage of net asset value was -277.13%
The Fund's geared short exposure is anticipated to generally vary between -250% and -300% of net asset value on a given day

Fund Investment Objective and Strategy

According to the filing, the investment objective of the Betashares Geared Short Australian Government Bond Complex ETF is to provide unitholders with geared short exposure to the returns of Australian Treasury Bonds with a term to maturity of approximately 10 years. The Fund aims to achieve this objective by investing its assets into cash and cash equivalents and selling ASX 10 Year Australian Treasury Bond futures contracts, as described in the Fund's Product Disclosure Statement.

Exposure Range and Rebalancing Provisions

The filing states that it is anticipated the Fund's geared short exposure to the relevant notional 10 Year Australian Treasury Bond will generally vary between -250% and -300% of its net asset value on a given day. Where the Fund's exposure exceeds this range, the filing discloses that the exposure will be rebalanced at the earliest available opportunity in accordance with the Product Disclosure Statement. The reported exposure of -277.13% as at 30 October 2026 falls within this stated range.

Risk Disclosures Associated with the Fund

The filing includes risk disclosures stating there are risks associated with an investment in the Fund, including market risk, gearing risk, rebalancing and compounding risk, and futures risk. The filing notes that investment value can go up and down, and that gearing magnifies gains and losses. The disclosure further states that an investment in the Fund is very high risk in nature and should only be made by informed investors who fully understand the risks of gearing. Investors are advised to actively monitor their investment as frequently as daily.

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