Highlights

  • ADEF seeks long term Dividend growth and Capital appreciation through global equities.
  • Technology represented 37.10%, financial services 21.96% and healthcare 15.16% of sector exposure.
  • Applied Materials was the largest holding at 8.69%.
  • The portfolio contained 54 holdings, with the ten largest representing 42.38%.

Apostle Dundas Global Equity Fund Class D Active ETF (ASX:ADEF) provides actively managed global share exposure with an objective of long term dividend growth and capital appreciation. Its reference benchmark is the MSCI All Country World ex Australia Index. At the time of writing on 6 November 2026, ADEF was trading at AUD 6.26, down 1.10% during the session. Technology, financial services and healthcare form the leading sector allocations.

An active company portfolio with a dividend growth objective

The fund’s objective combines income related company characteristics with capital appreciation. Dividend growth is an aim of the Investment approach rather than a promise about each company’s payments or the fund’s distributions. Business earnings, funding needs and board decisions can influence underlying dividends.

The portfolio contained 54 holdings and was primarily invested in equities, which represented 99.31% of assets. Cash accounted for 0.70%, with rounding affecting the total. Almost the entire Market Capitalisation breakdown was allocated to companies above AUD 1 billion. These figures describe a global equity portfolio centred on larger businesses.

Technology businesses lead the company allocation

Technology accounted for 37.10% of sector exposure, financial services 21.96% and healthcare 15.16%. Industrials represented 8.20% and consumer cyclical companies 6.33%. Communication services, materials, consumer defensive businesses and energy provided smaller allocations.

Applied Materials was the largest holding at 8.69%, followed by Taiwan Semiconductor Manufacturing at 5.45%, Alphabet at 4.55%, Amphenol at 4.28% and ASML at 4.22%. Analog Devices, Visa, Microsoft, American Express and DBS Group completed the ten largest holdings. Together, these positions represented 42.38% of the portfolio. The company list spans several activities, while the leading technology allocation leaves common industry influences relevant.

Geography distribution details and fund costs

The United States represented 55.37% of geographic exposure and France 9.68%. Taiwan accounted for 5.50%, the Netherlands 4.25%, Switzerland 4.02% and Sweden 3.64%. Hong Kong, Germany, Denmark and Singapore also appeared in the reported allocation.

Global holdings introduce currency and jurisdictional influences alongside company risk. Technology exposure can connect the fund to changes in investment spending, Demand and valuations. Financial and healthcare holdings add different commercial exposures, but they remain equity investments subject to changing Earnings expectations and market prices.

Management fees and costs were listed at 0.90%. A distribution of AUD 0.016 per unit had an ex-distribution date of 29 June 2026, a Record Date of 30 June 2026 and a payment date of 17 July 2026. Distribution amounts can change and do not represent a fixed payment commitment.

Key Insights

ADEF’s exposure combines a dividend growth objective with a substantial technology allocation and global financial and healthcare holdings. The objective describes the intended investment approach, while company weights and geographic distribution reveal the portfolio’s principal exposures.