Highlights

  • AVNG invests actively across large, medium and small companies in developed markets.
  • The reported holding count was 4,337, including different share classes of some issuers.
  • The United States represented 70.21% of geographic exposure.
  • Management fees and costs were listed at 0.30%.

Avantis Global Equity Active ETF (ASX:AVNG) seeks long term Capital appreciation through an actively managed portfolio of equities and equity related securities in developed countries. Its mandate includes large, medium and small companies. At the time of writing on 6 November 2026, AVNG was trading at AUD 11.30. The fund combines extensive holding breadth with a sizeable United States allocation, while technology and financial services are the largest sectors.

Active exposure across company sizes

The fund’s reference benchmark is the MSCI World IMI Net Return index in AUD. Its active mandate allows company allocation decisions across the developed market universe. A broad benchmark and a large holding count do not turn an active strategy into a requirement to reproduce every benchmark weight.

The reported holding count was 4,337. Companies above AUD 1 billion represented 85.62% of the Market Capitalisation breakdown, while 11.12% was between AUD 500 million and AUD 1 billion and 3.26% below AUD 500 million. Larger businesses therefore dominate the allocation, with smaller companies providing additional exposure.

Technology financials and leading global businesses

Technology represented 23.87% of sector exposure, financial services 19.54% and industrials 13.25%. Consumer cyclical companies accounted for 10.39%, healthcare 7.93% and energy 7.18%. Other sectors added further variety across the equity portfolio.

NVIDIA was the largest holding at 4.03%, followed by Apple at 3.55%, Microsoft at 2.98% and Amazon at 2.50%. Micron, Meta Platforms, two Alphabet share classes, Eli Lilly and JPMorgan Chase completed the ten largest positions. These represented 20.61% of the portfolio. Different share classes of the same company remain exposure to a common underlying business, so the number of security lines is distinct from the number of independent issuers.

Geographic concentration within a broad equity allocation

The United States represented 70.21% of geographic exposure, Japan 6.86%, the United Kingdom 3.60% and Canada 3.48%. Switzerland, France, Germany and Australia were among other reported markets. The United States weight remains substantial despite the fund’s extensive company list.

Equities accounted for 99.68% of assets, cash 0.27% and other Assets 0.05%. The predominantly equity structure retains share market risk. Currency movements and changes in large United States company valuations can influence the allocation, while active decisions can produce differences from the benchmark. The capital appreciation objective does not guarantee an Investment outcome.

Management fees and costs were listed at 0.30%.

Key Insights

AVNG provides broad developed market exposure through an active portfolio spanning several company sizes. Extensive holding breadth coexists with substantial United States exposure, making geographic and sector weights important alongside the reported number of investments.