GEAR AU
Betashares Geared Australian Equities Complex ETF Guide (GEAR): What Is It All About?
Last updated: 2026-10-03
Overview
BetaShares Geared Australian Equities Complex ETF (ASX: GEAR) offers geared exposure to Australian shares. Its reported holdings are concentrated in a small group of large companies, particularly banks and resources businesses. This structure can intensify the effect of both favourable and adverse market moves, making gearing and concentration central considerations when assessing the fund.
Category
Geared Australian equity funds seek to provide greater share-market exposure than an ungeared investment of the same amount. That can make them more sensitive to market rises and falls. GEAR’s reported portfolio is focused on Australian shares, with financial companies and basic materials prominent.
The reported returns show mixed periods: the fund is down 0.12% year to date and 2.38% over one year, while its reported three-, five- and ten-year returns are positive. These figures describe different periods and do not indicate what future performance will be.
Key facts
- Ticker
- GEAR
- Exchange
- AU
- ISIN
- AU00000GEAR1
- Category / focus
- Equity Australia Large Geared
- Provider
- BetaShares Capital Ltd
- Domicile
- Australia
- Currency
- AUD
- Inception date
- 2014-04-29
- Use of income
- Half-yearly
- UCITS
- No
Costs
- TER
- 0.00%
- Ongoing charge
- 0.00%
- Net expense ratio
- 0.00%
- AUM
- 553.1M
The supplied profile lists the total expense ratio and ongoing charge as 0%. These reported figures may not capture every cost an investor could incur, so check the fund’s current product disclosure materials for complete cost information.
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Performance
- YTD
- -0.1%
- 1 year
- -2.4%
- 3 years
- 16.8%
- 5 years
- 10.1%
- 10 years
- 12.4%
- Dividend yield
- 1.74%
- Top 10 concentration
- 101.9%
Holdings
-
BHP Group Ltd25.56%
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-
-
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Wesfarmers Ltd6.85%
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Macquarie Group Ltd6.74%
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CSL Ltd6.32%
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RIO Tinto Ltd4.93%
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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 Australian financials and basic materials. BHP Group is the largest listed holding at 25.56%, followed by Commonwealth Bank at 20.323%; the major banks together account for a substantial part of the reported top holdings. The top-ten concentration is 101.89%, consistent with geared exposure that can exceed net assets.
Regions
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Australasia95.4%
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Asia – Emerging2.6%
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United Kingdom1.1%
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United States0.7%
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Eurozone0.2%
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Japan0.0%
-
Africa0.0%
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Canada0.0%
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Middle East0.0%
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Latin America0.0%
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
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Financial Services35.1%
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Basic Materials24.6%
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Consumer Cyclicals7.5%
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Industrials5.9%
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Real Estate5.8%
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Healthcare5.6%
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Energy4.6%
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Consumer Defensive3.8%
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Communication Services3.4%
-
Technology2.4%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
May interest investors researching geared exposure to Australian shares who understand that gearing can amplify both gains and losses. It is not a personal recommendation; suitability depends on individual circumstances and risk tolerance.
Key risks
Gearing magnifies market movements and can increase losses as well as gains. The fund’s concentration in Australian shares, particularly financials and basic materials, adds exposure to sector-specific and domestic-market risks. Geared strategies may also be affected by financing costs, volatility and the path of market returns. The supplied profile reports ongoing-cost fields of 0%; investors should check the current product disclosure materials for the full fee and cost details. Past returns do not predict future results.
FAQ
What does GEAR invest in?
GEAR provides geared exposure to Australian equities. Its reported holdings are concentrated in large Australian companies, including BHP Group, Commonwealth Bank of Australia and the major banks.
Why do the top holdings add up to more than 100%?
The top-ten concentration is reported as 101.89% of assets. For a geared fund, exposure can exceed the fund’s net assets, so holdings weights may total more than 100%.
What are the main risks of a geared Australian equities ETF?
Gearing can magnify losses as well as gains. The fund is also concentrated in Australian shares, with substantial exposure to financial companies and basic materials, so market falls or weakness in those areas may have an outsized effect.
Does GEAR pay distributions?
The supplied profile describes distributions as half-yearly and reports a dividend yield of 1.74%. Yields and distributions can change.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
