Prices updated 23 June 2026, 3:00 pm AEST · Data: Financial Modeling Prep
BetaShares - Geared Australian Equities Complex ETF (ASX: GEAR) is a exchange-traded fund (ETF) from BetaShares listed on the ASX with $590.9M in assets under management. It charges a management fee (MER) of 0.78% per year and has been listed since 2014. The portfolio is led by AUD - AUSTRALIA DOLLAR (34.2%), COMMONWEALTH BANK OF AUSTRALIA (7.1%), BHP GROUP LTD (6.4%). It is weighted towards Financial Services (32.8%) and Basic Materials (24.5%). The GEAR unit price has moved +5.68% over the past 12 months.
ETF Details
AUM$590.9M
Expense Ratio0.78%
NAV$36.68
IssuerBetaShares
Inception Date30 Apr 2014
Asset ClassEquity
Top Holdings
| # | Symbol | Name | Weight | Market Value |
|---|
| 1 | AUD | AUD - AUSTRALIA DOLLAR | | $-613,986,649 |
| 2 | CBA | COMMONWEALTH BANK OF AUSTRALIA | | $127.7M |
| 3 | BHP | BHP GROUP LTD | | $114.6M |
| 4 | NAB | NATIONAL AUSTRALIA BANK LTD | | $62.3M |
| 5 | WBC | WESTPAC BANKING CORP | | $60.2M |
| 6 | ANZ | ANZ GROUP HOLDINGS LTD | | $50.5M |
| 7 | WES | WESFARMERS LTD | | $43.7M |
| 8 | MQG | MACQUARIE GROUP LTD | | $33.6M |
| 9 | CSL | CSL LTD | | $32.0M |
| 10 | GMG | GOODMAN GROUP | | $27.4M |
| 11 | RIO | RIO TINTO LTD | | $26.5M |
| 12 | TLS | TELSTRA GROUP LTD | | $24.2M |
| 13 | WDS | WOODSIDE ENERGY GROUP LTD | | $21.3M |
| 14 | TCL | TRANSURBAN GROUP | | $19.1M |
| 15 | NST | NORTHERN STAR RESOURCES LTD | | $17.3M |
| 16 | WOW | WOOLWORTHS GROUP LTD | | $16.8M |
| 17 | FMG | FORTESCUE METALS GROUP LTD | | $14.5M |
| 18 | BXB | BRAMBLES LTD | | $13.8M |
| 19 | ALL | ARISTOCRAT LEISURE LTD | | $13.5M |
| 20 | QBE | QBE INSURANCE GROUP LTD | | $12.9M |
Sector Breakdown
Communication Services3.6% About BetaShares - Geared Australian Equities Complex ETF
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.
Cash flow metrics for financial institutions may differ due to banking-specific accounting.
GEAR Frequently Asked Questions
What is GEAR?
GEAR is the ASX ticker for BetaShares - Geared Australian Equities Complex ETF, an exchange-traded fund (ETF) issued by BetaShares trading on the Australian Securities Exchange.
What is GEAR's management fee (MER)?
GEAR charges a management expense ratio (MER) of 0.78% per year.
How large is GEAR?
BetaShares - Geared Australian Equities Complex ETF has $590.9M in assets under management.
What are GEAR's top holdings?
GEAR's largest positions are AUD - AUSTRALIA DOLLAR (34.2%), COMMONWEALTH BANK OF AUSTRALIA (7.1%), BHP GROUP LTD (6.4%).
When was GEAR launched?
BetaShares - Geared Australian Equities Complex ETF was launched on 30 Apr 2014.
How has GEAR performed over the past year?
GEAR's unit price has moved +5.68% over the past 12 months. Price returns exclude distributions, so total returns to investors may be higher.
Historical Prices
| Date | Open | High | Low | Close | Volume | Change % |
|---|
| 22 June 2026 | $35.74 | $36.15 | $35.67 | $35.90 | 49K | ▼-0.03% |
| 19 June 2026 | $36.23 | $36.23 | $35.77 | $35.91 | 265K | ▼-2.42% |
| 18 June 2026 | $37.00 | $37.36 | $36.71 | $36.80 | 185K | ▼-1.08% |
| 17 June 2026 | $36.58 | $37.28 | $36.49 | $37.20 | 195K | ▲+1.36% |
| 16 June 2026 | $36.10 | $36.74 | $35.99 | $36.70 | 118K | ▼-0.05% |
| 15 June 2026 | $36.39 | $36.91 | $36.39 | $36.72 | 354K | ▲+2.89% |
| 12 June 2026 | $35.44 | $35.86 | $35.31 | $35.69 | 240K | ▲+3.84% |
| 11 June 2026 | $33.78 | $34.60 | $33.67 | $34.37 | 215K | ▼-0.12% |
| 10 June 2026 | $33.95 | $34.68 | $33.93 | $34.41 | 120K | ▲+0.79% |
| 9 June 2026 | $33.50 | $34.20 | $33.08 | $34.14 | 337K | ▼-0.50% |
| 8 June 2026 | $34.86 | $34.91 | $34.20 | $34.31 | 236K | ▲+0.09% |
| 5 June 2026 | $34.86 | $34.91 | $34.20 | $34.28 | 227K | ▼-1.49% |
| 4 June 2026 | $35.28 | $35.28 | $34.50 | $34.80 | 195K | ▼-2.93% |
| 3 June 2026 | $35.54 | $35.93 | $35.23 | $35.85 | 261K | ▲+1.82% |
| 2 June 2026 | $34.93 | $35.23 | $34.29 | $35.21 | 243K | ▼-0.17% |
| 1 June 2026 | $35.05 | $35.27 | $34.91 | $35.27 | 73K | ▲+0.51% |
| 29 May 2026 | $34.55 | $35.21 | $34.55 | $35.09 | 246K | ▲+2.99% |
| 28 May 2026 | $34.66 | $34.69 | $33.82 | $34.07 | 224K | ▼-2.68% |
| 27 May 2026 | $34.64 | $35.04 | $34.35 | $35.01 | 144K | ▲+1.07% |
| 26 May 2026 | $34.75 | $34.82 | $34.41 | $34.64 | 162K | ▼-0.83% |
| 25 May 2026 | $34.61 | $35.13 | $34.51 | $34.93 | 175K | ▲+1.16% |
| 22 May 2026 | $34.69 | $34.80 | $34.53 | $34.53 | 145K | ▲+0.55% |
| 21 May 2026 | $34.34 | $34.60 | $34.20 | $34.34 | 180K | ▲+3.19% |
| 20 May 2026 | $34.03 | $34.03 | $33.16 | $33.28 | 201K | ▼-2.49% |
| 19 May 2026 | $33.97 | $34.25 | $33.89 | $34.13 | 117K | ▲+2.06% |
| 18 May 2026 | $34.06 | $34.06 | $33.30 | $33.44 | 288K | ▼-2.59% |
| 15 May 2026 | $34.68 | $34.96 | $34.25 | $34.33 | 143K | ▼-0.29% |
| 14 May 2026 | $34.28 | $34.48 | $34.19 | $34.43 | 145K | ▼-0.03% |
| 13 May 2026 | $34.45 | $34.625 | $34.06 | $34.44 | 215K | ▼-1.09% |
| 12 May 2026 | $35.12 | $35.17 | $34.30 | $34.82 | 342K | ▼-0.68% |
