How Does ETFS Magnificent 7+ ETF (ASX:HUGE) Weight the Ten Largest Nasdaq Companies Equally?

Sonal Goyal

28 October 2026 12:53 AM AEDT

How Does ETFS Magnificent 7+ ETF (ASX:HUGE) Weight the Ten Largest Nasdaq Companies Equally?

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

ETFS Magnificent 7+ ETF (ASX:HUGE) provides access to the 10 largest Nasdaq-listed, US-domiciled companies on an equal-weighted basis.
The portfolio holds 11 companies, led by AMD (11.83%), Meta Platforms (11.78%) and Micron Technology (11.19%).
Fund size is $29.23 million and the management fee is 0.19%.

ETFS Magnificent 7+ ETF (ASX:HUGE) is an exchange traded fund that provides investors access to the 10 largest Nasdaq-listed, US-domiciled companies on an equal-weighted basis. Admitted to the ASX on 19 November 2025, the fund has a fund size of $29.23 million, is benchmarked to the Solactive Magnificent 7+ NR USD index and carries a management fee of 0.19%. This article covers its portfolio and distributions.

Exposure and Investment Approach

Equal weighting means each company is intended to represent a similar share of the portfolio. The fund is categorised as Equity North America, and its 11 holdings range from 7.96% to 11.83% of the portfolio.

Portfolio Composition

The fund holds 11 holdings. Its largest positions are Advanced Micro Devices, Inc. (11.83%), Meta Platforms Inc (11.78%), Micron Technology, Inc. (11.19%), Tesla Inc (10.30%), Apple Inc. (9.94%).

The remaining top ten positions are Microsoft Corporation (9.80%), NVIDIA Corporation (9.72%), Alphabet Inc. (8.83%), Amazon.com Inc (8.49%), Broadcom Inc (7.96%).

By sector, the portfolio is allocated as follows: Technology 60.55%, Communication Services 20.64%, Consumer Cyclical 18.82%.

By size, 100% of the portfolio is in companies above $1 billion in market capitalisation. Geographic exposure is United States (100.00%).

Key Features to Understand

Technology represents 60.55% of the portfolio, communication services 20.64% and consumer cyclical 18.82%. All of the portfolio is in companies above $1 billion in market capitalisation and all holdings are in the United States. The fund holds only a very small cash balance.

Distribution Details

The fund's most recent recorded distribution was a final distribution of $0.236 per unit, with an ex-date of 30 June 2026, a record date of 1 July 2026 and payment on 17 July 2026.

Fund Details at a Glance

Fund name: ETFS Magnificent 7+ ETF (ASX:HUGE)
Issuer: ETFS (etfshares.com.au)
Category: Equity North America
Benchmark: Solactive Magnificent 7+ NR USD
Admitted to the ASX: 19 November 2025
Fund size: $29.23 million
Management fee: 0.19%
ISIN: AU0000393373

Recent Announcements

Recent announcements include an annual report on 29 September 2026, a notice of change of auditor on 17 August 2026 and monthly units on issue and fund flows reports.

Wrapping Up

ETFS Magnificent 7+ ETF holds 11 large Nasdaq-listed US companies on an equal-weighted basis, with a 0.19% management fee. Its most recent distribution was a final distribution of $0.236 per unit, paid on 17 July 2026.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.