BetaShares Geared Australian Equity Fund (Hedge Fund) (ASX:GEAR)

Assets	579.53M
Expense Ratio	0.78%
PE Ratio	20.06
Forward PE	17.64
Dividend (ttm)	0.65
Dividend Yield	1.79%
Ex-Dividend Date	Jul 1, 2026
Payout Frequency	Semi-Annual
Payout Ratio	35.93%

Volume	231,209
Open	36.60
Previous Close	36.34
Day's Range	36.44 - 37.25
52-Week Low	31.38
52-Week High	39.55
Beta	1.38
Holdings	201
Inception Date	Apr 30, 2014

About GEAR

BetaShares' GEAR ETF offers an efficient method for investors to obtain leveraged exposure to the performance of Australia's broader stock market. This fund operates with "internal gearing," meaning it directly manages all its borrowing commitments. It pools capital from investors with borrowed funds, subsequently deploying these combined assets into a well-diversified equity portfolio consisting of the 200 largest companies listed on the ASX by market capitalization, as measured by the S&P/ASX 200 Index. The fund's leverage ratio, which represents the borrowed amount as a proportion of its total assets, is actively maintained between 50% and 65% on any given day. This results in the fund's effective market exposure typically ranging from 200% to 286% of its Net Asset Value daily. The portfolio's exposure is continuously monitored and adjusted to remain within this specified range. It is crucial to note that returns over periods longer than one day may deviate from the daily target due to the necessary rebalancing to uphold the daily geared exposure and the compounding effects of investment returns over time. This divergence becomes more pronounced with increased volatility in the Australian share market and extended holding periods. Consequently, investors should not expect a predictable Net Asset Value for the fund relative to the broad market's value at any specific moment. Consistent, and ideally daily, monitoring of this investment is recommended to ensure it continues to align with investment objectives. Gearing magnifies both profits and losses, and therefore, this strategy may not be suitable for all investors. Those engaging in geared strategies must be prepared for substantially higher investment volatility and potentially significant fluctuations in their investment's value. Geared investments inherently carry considerably greater risk than non-geared alternatives. An investment in this particular fund is considered to be of exceptionally high risk.

• Asset Class: Equity
• Category: Large Cap
• Region: Australasia
• Stock Exchange: Australian Securities Exchange
• Ticker Symbol: GEAR
• Provider: BetaShares

Performance

GEAR had a total return of -0.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.65%.

Top 10 Holdings

105.39% of assets

Name	Symbol	Weight
BHP Group Limited	BHP	23.49%
Commonwealth Bank of Australia	CBA	21.73%
National Australia Bank Limited	NAB	10.04%
Westpac Banking Corporation	WBC	9.95%
ANZ Group Holdings Limited	ANZ	9.58%
CSL Limited	CSL	7.52%
Wesfarmers Limited	WES	6.98%
Macquarie Group Limited	MQG	6.78%
Woodside Energy Group Ltd	WDS	4.87%
Rio Tinto Group	RIO	4.46%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 1, 2026	0.20484 AUD	Jul 16, 2026
Jan 2, 2026	0.44568 AUD	Jan 19, 2026
Jul 1, 2025	0.18922 AUD	Jul 16, 2025
Jan 2, 2025	0.30408 AUD	Jan 17, 2025
Jul 1, 2024	0.08072 AUD	Jul 16, 2024
Jan 2, 2024	0.55506 AUD	Jan 17, 2024

Data Sources: S&P Global Market Intelligence, Financial Modeling Prep, and more

Historical data is provided by S&P Global Market Intelligence. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 30, 2026

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