Highlights

  • GGBL provides geared exposure to large developed-market companies outside Australia.
  • The fund holds the Betashares Global Shares ETF at 150.65% of the portfolio.
  • The United States represents 72.23% of reported exposure.
  • The management fee is 0.59% and fund size is $99.54 million.

The Betashares WealthBuilder Global Geared Complex ETF (ASX:GGBL) is a complex fund that provides geared exposure to a portfolio of large developed-market companies outside Australia. It sits in the Equity World Other category and was admitted to the ASX on 30 September 2025. The fund reports a size of $99.54 million. The table below summarises its key details.

Fund name

Betashares WealthBuilder Global Geared Complex ETF

ASX code

GGBL

Category

Equity World Other

Management fee

0.59%

Fund size

$99.54 million

Last price (23 October 2026 session)

$27.58

Admitted to ASX

30 September 2025

What exposure does GGBL offer?

GGBL aims to provide geared exposure to the returns of a portfolio comprising the world's largest developed market companies, excluding Australia, based on free float-adjusted market capitalisation. The fund targets a gearing level of 30% to 40% of its portfolio value, as indicated by the LVR in its objective, and there is no assurance or guarantee that its returns will meet its investment objective. It achieves its exposure by holding the Betashares Global Shares ETF.

The Equity World Other category covers funds almost exclusively dedicated to global stocks, with less than 20% of the portfolio in other assets. These funds may have a bias towards particular styles or sizes and may be defined by a single sector or country exposure.

Portfolio composition

The fund reports a single underlying holding, the Betashares Global Shares ETF (BGBL), at 150.65% of the portfolio, with cash at a negative 50.61% and shares at 150.56%, which reflects the gearing. By region, the United States accounts for 72.23% of reported exposure, followed by Japan at 6.75%, Canada at 3.53%, the United Kingdom at 3.52% and Switzerland at 2.49%. Technology is the largest reported sector at 30.20%, followed by financial services at 16.21% and industrials at 10.91%.

Fees, price and distributions

The management fee is 0.59%. Fund size is $99.54 million, with 3,575,314 units outstanding. The last quoted price was $27.58 during the 23 October 2026 session. The latest distribution was $0.087 per unit, with an ex-date of 1 July 2026, a record date of 2 October 2026 and a payment date of 16 July 2026. An annual yield of 0.65% is shown for the fund. Distributions are made semi-annual.

Who GGBL may suit

The fund may be of interest to investors who want a magnified exposure to global developed-market shares in a single listed product and who understand that gearing amplifies both gains and losses. Its reported standard deviation is 14.03 and beta is 1.57. The latest distribution was a final $0.087 per unit with an annual yield of 0.65% shown, and the management fee is 0.59%.

Closing perspective

GGBL pairs a single underlying global shares fund with gearing, a 0.59% fee and semi-annual distributions. The details above summarise its structure and allocation, and further information is available through the fund announcements.