FUEL AU

Betashares Global Energy Comp Currency Hedged ETF Guide (FUEL): What Is It All About?

Last updated: 2026-10-03

Overview

BetaShares Global Energy Comp Currency Hedged ETF (ASX: FUEL) offers exposure to global energy companies through an Australian-listed fund. Its holdings are dominated by large energy businesses, and the fund’s currency-hedged mandate is relevant to Australian investors assessing overseas share exposure. The supplied return figures show strong recent performance, but returns can vary and should be considered alongside the fund’s concentrated sector and company exposures.

Category

FUEL provides Australian investors with access to a portfolio focused on global energy companies, alongside a smaller allocation to industrials. The holdings include integrated oil and gas businesses, exploration and production companies, refiners and an industrial energy-equipment company. This gives the fund a distinct sector profile rather than broad exposure across global equities.

Energy-sector shares can respond to changes in energy supply and demand, commodity markets, company operations and broader economic conditions. FUEL’s global portfolio also spans several regions, while its currency-hedged structure is intended to manage exposure to currency movements against the Australian dollar.

Key facts

Ticker
FUEL
Exchange
AU
ISIN
AU00000FUEL4
Category / focus
Equity Global Resources
Provider
BetaShares Capital Ltd
Domicile
Australia
Currency
AUD
Inception date
2016-06-16
Use of income
Half-yearly
UCITS
No

Costs

TER
0.00%
Ongoing charge
0.00%
Net expense ratio
0.00%
AUM
268.5M

The supplied cost fields display 0% for the total expense ratio, ongoing charge and net expense ratio. These figures describe the data provided here; investors may wish to review current fund documents for the full detail of fees and other costs.

 

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Performance

YTD
38.8%
1 year
38.6%
3 years
14.3%
5 years
18.1%
10 years
8.3%
Dividend yield
4.13%
Top 10 concentration
53.6%

Holdings

  1. Chevron Corp8.34%
    Ticker
    CVX
    Sector
    Energy
    Country
    United States

  2. Exxon Mobil Corp8.18%
    Ticker
    XOM
    Sector
    Energy
    Country
    United States

  3. Shell plc8.11%
    Ticker
    SHEL
    Sector
    Energy
    Country
    United Kingdom

  4. TotalEnergies SE6.61%
    Ticker
    TTE
    Sector
    Energy
    Country
    France

  5. ConocoPhillips4.29%
    Ticker
    COP
    Sector
    Energy
    Country
    United States

  6. Siemens Energy AG4.24%
    Ticker
    ENR
    Sector
    Industrials
    Country
    Germany

  7. BP PLC3.73%
    Ticker
    BP
    Sector
    Energy
    Country
    United Kingdom

  8. Marathon Petroleum Corp3.41%
    Ticker
    MPC
    Sector
    Energy
    Country
    United States

  9. Enbridge Inc3.41%
    Ticker
    ENB
    Sector
    Energy
    Country
    Canada

  10. Valero Energy Corporation3.33%
    Ticker
    VLO
    Sector
    Energy
    Country
    United States

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

The portfolio is heavily concentrated in energy companies, with the supplied sector data assigning 95.472% to Energy and 4.528% to Industrials. Major positions include Chevron at 8.335%, Exxon Mobil at 8.175%, Shell at 8.112% and TotalEnergies at 6.606%. The top ten holdings together account for 53.632% of assets, so the largest companies have a meaningful influence on performance.

Regions

  • United States48.6%

  • United Kingdom17.7%

  • Eurozone11.3%

  • Canada11.3%

  • Asia – Emerging3.8%

  • Latin America3.4%

  • Europe – except Euro2.2%

  • Japan1.4%

  • Asia – Developed0.4%

  • Africa0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Asset allocation

  • Stock100.0%

  • Bond0.0%

  • Cash0.0%

  • Other0.0%

  • Property0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Sectors

  • Energy95.5%

  • Industrials4.5%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

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Risks

Who it may suit

FUEL may be of interest to Australian investors researching targeted exposure to global energy companies through an exchange-traded fund. Its sector focus and substantial weight in leading holdings mean it is a specialised investment rather than broad sharemarket exposure; it is not a personal recommendation.

Key risks

The fund’s narrow sector focus can make returns sensitive to developments affecting energy companies, while the top-ten concentration of 53.632% means a relatively small group of holdings can have an outsized influence. Overseas sharemarket exposure carries market and country risks, and currency hedging does not eliminate all currency-related effects. Past returns and the stated dividend yield are not guarantees of future results.

FAQ

What does FUEL invest in?

FUEL holds global energy and related companies, with holdings including Chevron, Exxon Mobil, Shell and TotalEnergies. The supplied allocation data shows the portfolio is fully invested in equities.

Is FUEL currency hedged?

Currency hedging is part of the fund’s name. Hedging can reduce the effect of exchange-rate movements on returns, but it does not remove the risks of investing in overseas shares.

How often does FUEL distribute income?

The supplied data describes distributions as half-yearly. The stated dividend yield is 4.13%; this is not guaranteed and may change.

What are the main risks of FUEL?

FUEL is concentrated in the energy sector and in a relatively small group of large companies. Its value may be affected by company and sharemarket performance, energy-market conditions, and the effectiveness of currency hedging.

*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.

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