BetaShares Geared U.S. Equity Fund - Currency Hedged (ASX: GGUS) is an exchange-traded fund that provides investors with cost-effective, internally geared exposure to the returns of the broad U.S. sharemarket, with currency exposure hedged to Australian dollars; it combines investor funds with borrowed capital to achieve a daily gearing ratio of 50-65%, delivering geared exposure ranging from 200-286% of the fund's net asset value on a given day; the fund invests the combined proceeds in a diversified portfolio tracking the largest 500 U.S.-listed shares by market capitalization, as measured by the S&P 500 Index, with sector allocations including information technology (34.6%), financials (13.1%), and communication services (10.7%) as of late 2025. GGUS pays annual distributions derived from dividends and realized capital gains from its underlying holdings, with a recent 12-month yield of 1.7% and a management fee of 0.8% per annum; investors benefit from convenient ASX trading without margin loans, credit assessments, or margin calls; the fund targets retail and institutional investors seeking leveraged U.S. equity returns as part of a diversified portfolio, operating primarily in Australia with exposure to U.S. markets. Launched on 17 August 2015 and listed on the Australian Securities Exchange, GGUS is issued by BetaShares Capital Ltd and headquartered in Sydney, Australia, with units outstanding of approximately 6.8 million and net assets around AUD 345 million as of December 2025. In October 2025, BetaShares announced a strategic merger of its managed account business with InvestSense to form Trellia Wealth Partners, an independent entity managing AUD 8 billion in funds under management, enhancing support for financial advisers with index-based, active, and bespoke portfolio solutions; the transaction is expected to complete in Q3 2025, reflecting BetaShares' expansion in advice-aligned investment capabilities amid growth in Australia's managed accounts sector.