Key Highlights

  • Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ) held a fund size of $37.32 million, having listed on the ASX on 8 June 2023.
  • Technology is the largest sector at 60.08 per cent, well above the category average of 46.95 per cent.
  • Taiwan is the largest country exposure at 30.03 per cent, ahead of China and South Korea.
  • The fund declared a final distribution of $0.301 per unit for the most recent period.

Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ) is an ASX-listed fund that gains exposure to Asian companies through securities listed on Asian exchanges, including Hong Kong, China, Taiwan, Korea, India, Singapore, Malaysia and other regional markets. The fund is benchmarked against the MSCI AC Asia ex Japan NR AUD index, was admitted to the ASX on 8 June 2023, and sits within the Equity Asia Pacific w/o Japan Morningstar category, with a fund size of $37.32 million, 4,496,488 units on issue and a management fee of 0.95 per cent.

Sector Composition

EAFZ carries a pronounced tilt toward technology, which represents 60.08 per cent of the fund, considerably above the category average of 46.95 per cent. Financial services accounts for 15.05 per cent, above the category's 13.96 per cent, while industrials make up 11.64 per cent, well above the category average of 7.70 per cent. Consumer cyclical contributes 5.81 per cent, below the category's 13.10 per cent, and communication services 3.71 per cent. Healthcare, real estate and utilities each carry weightings below 1.5 per cent, while the fund holds no allocation to basic materials or consumer defensive.

By market capitalisation, companies above $1 billion make up 96.40 per cent of the fund, slightly below the category average of 97.02 per cent, while the $500 million to $1 billion range accounts for 1.93 per cent and holdings under $500 million represent 1.67 per cent. The asset mix includes 94.80 per cent in equities and 5.19 per cent in cash, above the category's average cash holding of 3.32 per cent.

Geographic Exposure

Taiwan represents the largest country exposure at 30.03 per cent, followed by China at 20.77 per cent and South Korea at 20.29 per cent. India contributes 9.63 per cent, above the category average of 5.96 per cent, while Japan makes up 8.61 per cent, a notable allocation given the fund's broader Asia ex-Japan mandate. Singapore, the United States, the United Kingdom and Malaysia make up the remaining exposure.

Distribution and Risk Metrics

EAFZ reported a Beta of 1.17 and a Standard Deviation of 26.19, among the higher Volatility readings recorded across comparable Asia-focused funds. The fund's most recent final distribution was $0.301 per unit, with an ex-date of 1 July 2026 and a payment date of 22 July 2026. The fund's ISIN is AU0000278400.

Conclusion

Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ) provides exposure to a growth-oriented selection of Asian companies with a pronounced weighting toward technology and industrials, concentrated across Taiwan, China and South Korea. The fund's structure allows for exposure to Japanese-listed securities alongside its core Asia ex-Japan mandate.