Highlights

  • BGBL targets developed market large and medium sized companies outside Australia.
  • The portfolio contained 1,182 reported holdings.
  • The United States represented 72.97% and technology 33.05% of the relevant exposure breakdowns.
  • Management fees and costs were listed at 0.08%.

Betashares Global Shares ETF (ASX:BGBL) provides exposure to developed market large and medium sized companies outside Australia. It aims to track the Solactive GBS Developed Markets ex Australia Large & Mid cap index before fees and expenses. At the time of writing on 6 November 2026, BGBL was trading at AUD 84.10. Extensive company breadth sits alongside a sizeable United States allocation and meaningful exposure to major technology businesses.

A developed market benchmark excluding Australia

The index selects companies based on free float adjusted Market Capitalisation within its developed market universe outside Australia. This defines both a geographic scope and a company size focus. It is a different exposure from a portfolio that includes Australian shares or a dedicated emerging markets allocation.

The portfolio contained 1,182 reported holdings. Companies above AUD 1 billion represented 99.84% of the market capitalisation breakdown. Larger businesses therefore account for almost all of the allocation, despite the extensive security list. A broad number of investments can spread individual company exposure while leaving sizeable weights in the largest market constituents.

Large technology and communication businesses shape holdings

Technology represented 33.05% of sector exposure, financial services 15.25%, industrials 10.31% and healthcare 9.16%. Communication services accounted for 8.78% and consumer cyclical companies 8.27%. Other sectors extended the mix across developed Equity markets.

NVIDIA was the largest holding at 6.03%, followed by Apple at 5.40%, Microsoft at 4.27% and Amazon at 2.71%. Two Alphabet share classes, Broadcom, Meta Platforms, Micron and Tesla completed the ten largest security positions. Their combined weight was 28.93%. Separate Alphabet share classes represent exposure to the same underlying business, so security count and independent issuer count are distinct measures.

Geographic concentration costs and global equity risks

The United States represented 72.97% of geographic exposure, Japan 6.90%, Canada 3.40% and the United Kingdom 3.33%. Switzerland accounted for 2.33%, Germany 2.04% and France 1.88%, with smaller allocations elsewhere. The global developed market mandate therefore has a substantial United States weighting.

Equities represented 99.94% of assets. Country classifications do not describe every underlying Revenue source, since many companies operate internationally. Currency movements, changing valuations and Earnings developments can influence the fund alongside broad share market conditions. Its index objective describes intended tracking before costs rather than a fixed Investment outcome.

Management fees and costs were listed at 0.08%. Fund size was AUD 5.43 billion. A distribution of AUD 0.607 per unit had an ex-distribution date of 1 July 2026, a Record Date of 2 July 2026 and a payment date of 16 July 2026. Distribution amounts can change and do not represent a fixed payment commitment.

Key Insights

BGBL provides broad developed market company exposure outside Australia. Its extensive holdings do not prevent concentration in United States equities and major technology businesses, making market and sector weights important companions to the overall holding count.