This is BetaShare's explanation:
**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
They actively move their funds around (based on market conditions I'd say) therefore their % exposure is different everytime.
This is BetaShare's explanation:**Represents the Fund's...
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Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,958.8 | 0.00 | 0.00 |