Betashares Geared Long Australian Government Bond Complex ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among fixed income funds would cost $524 (1.05% a year), so GGAB is $2 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 1 securities · top 10 = 100.0%
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.2 | 3.6 | −5.9 | −1.4 | 5.4 | 2.4 | −4.8 | −1.2 | −4.6 | 4.3 | −2.8YTD | ||
| 2025 | 1.5 | 2.7 | −1.6 | 3.9 | 0.1 | 1.9 | −1.8 | −0.2 | −0.4 | 1.2 | −4.2 | −5.3 | −2.6 |
| 2024 | −3.1 | 0.4 | 1.5 | −7.0 | 1.2 | 1.3 | 3.8 | 4.0 | 0.4 | −10.9 | 3.1 | −1.9 | −8.0 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
GGAB questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Geared Long Australian Government Bond Complex ETF?
Betashares Geared Long Australian Government Bond Complex ETF holds 1 securities.
Which ETFs does GGAB double up with most?
GGAB shares the most holdings with Betashares Geared Short Australian Government Bond Complex ETF (BBAB) (100% overlap), Geared Long US Treasury Bond Currency Hedged Complex ETF (GGFD) (99% overlap) and Betashares Geared Short US Treasury Bond Currency Hedged Complex ETF (BBFD) (93% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 100%, owning both GGAB and BBAB would mostly double up on the same investments rather than spread your money further.
How is Betashares Geared Long Australian Government Bond Complex ETF managed – active or passive?
Betashares Geared Long Australian Government Bond Complex ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
It is also geared: it borrows to magnify returns, so gains and losses are larger than the market's.
What will I pay in fees for GGAB?
GGAB charges a management fee of 0.99% a year, about $99 for every $10,000 invested. Only 11% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among fixed income funds, the median is 0.99%.
Lower-cost funds with a similar focus include Betashares Enhanced Credit (Geared) Complex ETF (ECRD) at 0.29%.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.30% for GGAB.
Does Betashares Geared Long Australian Government Bond Complex ETF follow a theme?
No. Betashares Geared Long Australian Government Bond Complex ETF is a broad fixed income fund: it aims to cover a wide slice of its market (Australia) rather than one theme or sector.
What is under the hood of GGAB?
As at 2 Sept 2026, GGAB's largest holding is Aud - Australia Dollar (100.0%).
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has Betashares Geared Long Australian Government Bond Complex ETF performed?
Based on its category, Betashares Geared Long Australian Government Bond Complex ETF aims mainly to pay a regular income, with capital growth secondary.
To 23 Oct 2026, with distributions reinvested, it returned −15.3% over 1 year. The medians and rankings compare it with fixed income funds. Since listing in 2023 it has returned −1.2% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for GGAB; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.99% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.