Key Highlights

  • The fund invests in large Australian companies and uses gearing to magnify returns from its underlying investments.
  • Financial services are the largest sector at 37.38 percent, compared with 35.23 percent for the category.
  • BHP Group is the largest holding at 14.31 percent, followed by Commonwealth Bank of Australia at 11.23 percent.
  • Management fees and costs are 2.38 percent.

The First Sentier Geared Australian Share Complex ETF (ASX:LEVR) invests in large Australian companies and uses gearing to magnify the returns from its underlying investments. On 4 November 2026 the units were quoted at $1.44, down one cent or about 0.7 percent from the previous close of $1.45, with 10,510 units traded. The fund was admitted on 15 May 2025 and sits in the Equity Australia Large Geared category.

Fund detail

Information

Ticker

ASX:LEVR

Benchmark

S&P/ASX 100 TR

Category

Equity Australia Large Geared

Admitted

15 May 2025

Management fees and costs

2.38%

Fund size

Not reported on the listing

Annual yield

0.60%

Total fund holdings

37 companies

Last price (4 November 2026)

$1.44

ISIN

AU60PIM75906

Gearing and Investment strategy

The fund's strategy is based on the belief that stock prices are driven over the medium to long term by management's ability to generate returns above the cost of capital. It invests in large, high quality companies and does not hedge currency risk.

The fund may borrow to purchase additional stocks, which magnifies both gains and losses relative to an ungeared portfolio. The listing shows 98.14 percent in shares and 1.84 percent in cash.

Sector and country exposure

Financial services are 37.38 percent against 35.23 percent for the category, and basic materials 25.86 percent against 27.36 percent. Real estate is 7.29 percent against 6.68 percent.

Energy is 1.05 percent against 1.55 percent. Australia accounts for 94.41 percent of geographic exposure, and the United States 5.59 percent.

Largest holdings and fees

BHP Group leads at 14.31 percent, followed by Commonwealth Bank of Australia at 11.23 percent and National Australia Bank at 6.36 percent. Rio Tinto, Goodman Group, Brambles, Westpac, Suncorp, ResMed CDI and QBE complete the top ten.

The top ten make up 58.07 percent of the fund. The management fee is 2.38 percent, the main cost figure on the listing.

Final Word

The fund combines an ASX large-cap portfolio with gearing, which makes its returns more sensitive to market moves than an ungeared fund. Its 2.38 percent fee and the gearing structure are the principal features readers should weigh against the fund's stated objective.