Key Highlights

  • The fund holds 59 companies by full replication, with the top ten at 40.90%.
  • Financial Services (20.96%) and Consumer Defensive (8.86%) are weighted above category figures, while Technology is 1.31%.
  • The management fee is 0.39% and reported turnover is 50.10%.
  • The July 2026 distribution of $0.078 is higher than each of the four earlier half-yearly amounts.

Betashares Australian Small Companies Select ETF (ASX:SMLL) uses a passive management approach designed to track the performance of the Nasdaq Australia Small Cap Select Index, before fees and expenses, and generally invests in the index securities in proportion to their weightings. The fund was admitted to the ASX on 11 April 2017 and last traded at $4.39 on 13 October 2026. It reports a fund size of $366.14 million.

Detail

Information

Ticker

ASX:SMLL

Fund

Betashares Australian Small Companies Select ETF

Category

Equity Australia Mid/Small Blend

Benchmark

Nasdaq Australia Small Cap Select TR AUD

Fund size

$366.14 million

Management fee

0.39%

Total holdings

59

ASX admission date

11 April 2017

Holdings and turnover

The ten largest positions represent 40.90% of the fund. AMP leads at 5.81%, followed by Ansell (5.63%), Cleanaway Waste Management (4.96%), Bank of Queensland (4.13%) and AUB Group (3.65%). Eagers Automotive (3.60%), Emerald Resources (3.58%), NRW Holdings (3.20%), a2 Milk (3.18%) and Metcash (3.10%) complete the list.

Reported turnover is 50.10%, higher than for most index funds.

Sector, size and country mix

Financial Services holds 20.96%, against 12.99% for the category, Basic Materials 20.79% and Industrials 19.29%. Consumer Defensive holds 8.86%, against 3.22%. Real Estate holds 1.43%, below the 6.67% category weighting, and Technology 1.31%, against 13.21%.

Companies above $1 billion in market capitalisation represent 64.86%, those between $500 million and $1 billion 32.04% and those below $500 million 3.10%. Australia accounts for 94.73%.

Fee, risk and distributions

The management fee is 0.39% a year. The fund reports a beta of 1.05 and a standard deviation of 17.61. The final distribution of $0.078 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 16 July.

That is higher than the $0.052 paid in January 2026, $0.053 in July 2025, $0.052 in January 2025 and $0.048 in July 2024.

Category classification and liquidity

Morningstar places the fund in the Equity Australia Mid/Small Blend category, which covers funds investing primarily in small- to mid-sized Australian companies, defined as stocks in the bottom 30% of the Australian equity market by capitalisation, with the blend style applied where neither growth nor value characteristics predominate.

Liquidity indicators add a further view. There are 82,649,620 units on issue, and average daily trading volume is 106,604 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 36,200 to 77,400 units, with 77,436 recorded on 13 October while the market was still open. The bid-offer range stood at $4.38 to $4.50, and the day range at $4.39 to $4.43. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged the Units on Issue Disclosure for September 2026 on 6 October and the Annual Report on 25 September. Disclosures for August and July followed on 4 September and 6 August, and Estimated Annual Distribution Component Information on 8 July.

Closing Perspective

SMLL focuses on selected smaller ASX companies, with banks and defensive names weighted above the category and technology and property well below. The 0.39% fee and 50.10% turnover are above large-cap index funds. These facts do not forecast outcomes.