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A200

$143.45-0.06%Australian Index79/100
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BetaShares Australia 200 ETF · BetaShares

Data as at 29 March 2026

TL;DR

Tracks Australia's 200 largest listed companies at 0.04% per year — the lowest management fee of any Australian index ETF on the ASX.

MER (Annual Fee)
0.04%
#1 lowest in Australian Index
1Y Return
+10.5%
3Y Return (p.a.)
+9.8%
Dividend Yield
3.01%
Trailing 12 months
AUM
$9,766.4M
Assets under management
Avg Daily Turnover
$6.8M
Avg shares × unit price
Unit Price
$143.45
As at 29 March 2026
Provider
BetaShares
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Strategy

Uses full physical replication to track the Solactive Australia 200 Index, which covers the same companies as the S&P/ASX 200. Launched in 2018 by BetaShares specifically to compete on price with STW and IOZ.

Top Holdings

BHP
10.4%
CBA
8.0%
NAB
4.0%
Westpac
3.5%
ANZ
3.3%
CSL
3.0%
Wesfarmers
2.8%
Macquarie
2.6%
Goodman Group
2.3%
Rio Tinto
2.2%
Key Fact

A200 launched in 2018 at 0.07% and cut its fee to 0.04% in 2020, triggering fee cuts from Vanguard (VAS) and BlackRock (IOZ). It started Australia's current low-fee ETF era.

Suited for

Investors who want Australian equity exposure and are choosing primarily on cost. At 0.04%, it is the cheapest option in its category by a clear margin.

Risks

About 30% of the fund sits in financial stocks and another 22% in materials. The top 10 holdings make up roughly half the portfolio. A banking sector crash or iron ore price collapse hits this fund hard.

A200 Comparisons

ETFCheck Score79/100
Fees (40%)94
Fund Size (25%)85
Liquidity (20%)51
Yield (15%)67
How scores are calculated →
Other Australian Index ETFs
VAS
0.07% MER
86
IOZ
0.05% MER
86
STW
0.05% MER
79
MVW
0.35% MER
63View all Australian Index ETFs →

Frequently Asked Questions - A200

Why does A200 track the Solactive Australia 200 instead of the S&P/ASX 200?+
BetaShares uses the Solactive Australia 200 index to avoid expensive S&P licensing fees, passing those savings directly to investors through Australia's lowest broad-market MER of just 0.04%. The Solactive index holds the same 200 largest ASX-listed companies with near-identical sector weightings and performance. Historical tracking shows minimal divergence from S&P/ASX 200 rivals like IOZ and STW, making A200 a cost-effective alternative for budget-conscious Australian investors and SMSF trustees.
How does A200's 0.04% MER compare to IOZ and VAS for long-term returns?+
A200 charges 0.04% versus IOZ at 0.05% and VAS at 0.07%, saving investors $30 to $300 annually per $100,000 invested. Over a 20-year holding period, these compounding fee differences can amount to thousands of dollars in preserved capital. While the gap seems small, cost-conscious SMSF trustees building core Australian equity allocations often favour A200 specifically because minimising MER drag is one of the few controllable factors in long-term portfolio performance.
Does A200 distribute franking credits like other Australian equity ETFs?+
Yes, A200 distributes franking credits attached to dividends from its underlying Australian company holdings, which are heavily concentrated in fully-franked dividend payers like BHP, CBA, and other major banks and miners. With a trailing yield around 3.04%, the grossed-up yield including franking credits is notably higher. SMSF members in pension phase and low-income investors can potentially claim franking credit refunds from the ATO, significantly boosting A200's effective after-tax income.
What are the risks of A200's heavy concentration in banks and miners?+
A200 mirrors the Australian market's structural concentration, with roughly 50% of holdings in financials and materials sectors. This means a banking royal commission-style event or sustained commodity price downturn could significantly impact returns beyond what diversified global ETFs would experience. Investors seeking to reduce this sector concentration risk should consider pairing A200 with international ETFs like VGS or IVV to build a more balanced portfolio less dependent on the Australian economic cycle.