Montaka Global Extension Fund - Complex ETF
This fund trades thinly and its price-based statistics may be unreliable. Prefer the ASX-reported figures.
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 Global ex-Australia equity funds would cost $296 (0.59% a year), so MKAX is $386 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
The issuer does not publish machine-readable holdings for this fund, so exposures and holdings overlap are not available. Return correlations still are.
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −14.7 | −14.4 | −9.1 | 10.3 | 0.7 | −3.7 | 1.2 | 17.8 | −2.0 | 1.2 | −16.0YTD | ||
| 2025 | 5.0 | −8.2 | −9.4 | −4.9 | 8.2 | 6.3 | 10.3 | −3.8 | 1.6 | −0.2 | −6.6 | 2.7 | −1.5 |
| 2024 | 9.0 | 5.1 | 0.9 | −3.4 | −0.9 | 5.3 | 6.0 | −4.1 | 7.7 | 7.1 | 9.4 | 1.6 | 51.8 |
| 2023 | 15.7 | 0.9 | 4.0 | 3.8 | 5.3 | 2.7 | 8.7 | −3.2 | 1.5 | −3.3 | 10.5 | 5.8 | 64.6 |
| 2022 | −12.5 | −10.2 | 2.0 | −12.1 | −4.4 | −1.1 | −1.9 | 10.4 | −14.2 | −4.2 | −3.5 | −8.3 | −47.6 |
| 2021 | 0.6 | −2.1 | 0.6 | 7.2 | −2.2 | 8.7 | 2.4 | 4.5 | −2.3 | 5.7 | 2.9 | −4.9 | 22.2 |
| 2020 | 0.9 | 6.0 | −3.1 | 3.5 | −3.1 | −2.6 | 1.2 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
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.
MKAX questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Montaka Global Extension Fund - Complex ETF?
The issuer of Montaka Global Extension Fund - Complex ETF doesn't publish its holdings in a form we can read, so we can't measure how diversified it is. It is classed as equity with a Global ex-Australia focus; the product disclosure statement (PDS) and the issuer's fact sheet list what it owns.
Which ETFs does MKAX double up with most?
We can't compare holdings for MKAX, as the issuer doesn't publish them in a form we can read, and no fund's returns track it closely, so it offers a fairly distinct exposure.
How is Montaka Global Extension Fund - Complex ETF managed – active or passive?
Montaka Global Extension Fund - Complex ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Global ex-Australia equity funds, active funds charge a median 0.75% a year and index funds 0.45%.
What will I pay in fees for MKAX?
MKAX charges a management fee of 1.25% a year, about $125 for every $10,000 invested. Only 3% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Global ex-Australia equity funds, the median is 0.55%.
Lower-cost funds with a similar focus include Vanguard MSCI Index International Shares ETF (VGS) at 0.18%, Vanguard MSCI Index International Shares (Hedged) ETF (VGAD) at 0.21% and iShares Global 100 ETF (IOO) at 0.40%.
If you would rather have a manager choose the investments, active options such as Vinva Global Alpha Fund - Active ETF (V1AC) at 1.35% and Lakehouse Global Growth Fund Active ETF (LHGG) at 1.30% cost more.
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 0.57% for MKAX.
Does Montaka Global Extension Fund - Complex ETF follow a theme?
No. Montaka Global Extension Fund - Complex ETF is a broad equity fund: it aims to cover a wide slice of its market (Global ex-Australia) rather than one theme or sector.
What is under the hood of MKAX?
The issuer doesn't publish MKAX's holdings in a form we can read. Its website and fact sheet list the full portfolio.
It follows an index. Most broad share indices weight companies by market size, so the largest companies take the biggest share; the exact rules for MKAX's index are in the issuer's PDS.
How well has Montaka Global Extension Fund - Complex ETF performed?
Based on its category, Montaka Global Extension Fund - Complex ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −17.4% over 1 year (median 6.3%; ranked 117 of 121), 13.5% a year over 3 years (median 16.8% a year; ranked 60 of 82) and 1.6% a year over 5 years (median 9.4% a year; ranked 63 of 66). The medians and rankings compare it with Global ex-Australia equity funds. Since listing in 2020 it has returned 4.6% 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 MKAX; 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 1.25% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.