Key Highlights

  • The active fund holds 40 companies, with the top ten at 44.17% and NVIDIA at 7.41%.
  • Industrials holds 28.68%, against 12.14% for the category, and cash holds 9.24%.
  • The management fee is 0.70% and the fund size is $154.66 million.
  • The July 2026 distribution of $1.532 is lower than the $2.532 paid in July 2025.

Munro Concentrated Global Growth Active ETF (ASX:MCGG) invests in a concentrated portfolio of 20 to 40 investments from around the world, excluding Australia. The manager focuses on identifying and investing in global companies with the potential to grow at a faster rate and on a more sustainable basis than the overall market. The fund was admitted to the ASX on 3 February 2022 and last traded at $14.16 on 13 October 2026.

Detail

Information

Ticker

ASX:MCGG

Fund

Munro Concentrated Global Growth Active ETF

Category

Equity World Large Growth

Benchmark

MSCI World Ex Australia NR AUD

Fund size

$154.66 million

Management fee

0.70%

Total holdings

40

ASX admission date

3 February 2022

Concentrated holdings

The ten largest positions represent 44.17% of the fund. NVIDIA leads at 7.41%, followed by Taiwan Semiconductor Manufacturing (5.22%), Mastercard (5.16%), Amazon.com (4.95%) and Contemporary Amperex Technology (4.70%). Alphabet holds 4.56%, ASML 3.29%, Rolls-Royce 3.18%, and Targa Resources and Liberty Media 2.82% each.

Cash is 9.24% and stocks 90.75%.

Sector and country exposure

Technology holds 33.70%, close to the 33.28% category figure, and Industrials 28.68%, against 12.14%. Communication Services holds 10.81%. Financial Services holds 7.89%, against 12.81%, and Consumer Cyclical 6.15%, against 12.45%.

The United States accounts for 72.26%, above the 63.26% category figure. Taiwan holds 6.42%, the Netherlands 5.82%, China 5.72%, Germany 3.62% and the United Kingdom 3.50%.

Fee, risk and distributions

The management fee is 0.70% a year. The fund reports a beta of 1.79 and a standard deviation of 19.60. The final distribution of $1.532 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 22 July.

That is higher than the $0.654 paid in July 2024, $0.102 in July 2023 and $0.189 in July 2022, but lower than the $2.532 paid in July 2025.

Category classification and liquidity

Morningstar places the fund in the Equity World Large Growth category, which covers funds investing primarily in large companies listed around the globe, defined as stocks in the top 70% of an equity market by capitalisation, with growth stocks generally characterised by high growth expectations and high valuations and many portfolios focused on rapidly expanding industries.

Liquidity indicators add a further view. There are 10,688,448 units on issue, and average daily trading volume is 59,780 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 9,300 to 49,400 units, with 23,714 recorded on 13 October while the market was still open. The bid-offer range stood at $13.90 to $14.87, and the day range at $14.13 to $14.30. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged a Quarterly Fund Update on 12 October, a Units on Issue and Redemption Disclosure on 9 October, a Monthly Fund Update on 8 October and Monthly Portfolio Holdings for August on 30 September. The Annual Report followed on 28 September.

Final Takeaway

MCGG is a concentrated growth fund with a 0.70% fee, a cash weighting of 9.24% and an industrials weight far above its category. Its distribution is paid once a year in July and has varied widely. These facts do not forecast outcomes.