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BGBL

$75.28-0.17%Global / All World72/100
Fund Page ↗

BetaShares Global Shares ETF · BetaShares

Data as at 29 March 2026

TL;DR

Tracks developed market companies excluding Australia at 0.08% per year — 10 basis points cheaper than VGS (0.18%). Holdings are nearly identical in practice despite the different index provider.

MER (Annual Fee)
0.08%
#1 lowest in Global / All World
1Y Return
+9.2%
3Y Return (p.a.)
+15.7%
Dividend Yield
1.65%
Trailing 12 months
AUM
$3,428.7M
Assets under management
Avg Daily Turnover
$8.2M
Avg shares × unit price
Unit Price
$75.28
As at 29 March 2026
Provider
BetaShares
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Strategy

Uses optimised sampling to track a Solactive index covering large and mid-cap stocks across developed markets outside Australia. Holdings are very similar to VGS in composition.

Top Holdings

Apple
4.5%
NVIDIA
4.3%
Microsoft
4.0%
Amazon
2.4%
Alphabet
2.5%
Meta
1.6%
Tesla
1.1%
JPMorgan
0.9%
Broadcom
0.8%
Eli Lilly
0.8%
Key Fact

BGBL's 0.08% MER undercuts VGS by 10 basis points per year. On a $200,000 portfolio over 20 years, that fee difference compounds to roughly $15,000 in additional returns assuming identical performance before fees.

Suited for

Cost-focused investors who want VGS-equivalent international exposure at a lower fee. BGBL is the cheapest international equity ETF for Australian investors in this category.

Risks

BGBL has a shorter track record than VGS. Uses sampling rather than full replication, which can create small tracking differences. Lower AUM than VGS means slightly wider bid-ask spreads at times.

BGBL Comparisons

ETFCheck Score72/100
Fees (40%)88
Fund Size (25%)68
Liquidity (20%)67
Yield (15%)43
How scores are calculated →
Other Global / All World ETFs
VGS
0.18% MER
77
VGAD
0.21% MER
75
IWLD
0.09% MER
62
QUAL
0.40% MER
60
IOO
0.40% MER
47
QLTY
0.35% MER
45View all Global / All World ETFs →

Frequently Asked Questions - BGBL

Is BGBL's Solactive index really equivalent to MSCI World used by VGS?+
BGBL tracks the Solactive GBS Developed Markets Large & Mid Cap Index, which is over 99% correlated with the MSCI World Index used by VGS. The key difference is that Solactive charges fund managers significantly lower licensing fees than MSCI, enabling BetaShares to offer BGBL at just 0.08% MER. Stock overlap is extremely high, with virtually identical top holdings including Apple, Microsoft, and NVIDIA, meaning return differences are typically negligible for Australian investors.
What are the risks of choosing BGBL over a larger fund like VGS?+
BGBL's main risk relative to VGS is its significantly smaller AUM, which can result in slightly wider bid-ask spreads during volatile trading sessions on the ASX. Lower liquidity may matter for SMSF trustees making large trades, as market impact costs could partially offset the MER savings. Additionally, the Solactive index has a shorter track record than MSCI World, though its methodology is transparent and rules-based. For most retail buy-and-hold investors, these risks are minimal.
How much money does BGBL actually save compared to VGS and IWLD over 20 years?+
On a $200,000 portfolio growing at 8% annually, BGBL's 0.08% MER saves approximately $4,300 versus VGS (0.18%) and around $1,900 versus IWLD (0.09%) over 20 years in cumulative fee drag. These savings compound meaningfully over time, making BGBL the most cost-efficient developed-market global ETF on the ASX. However, investors should weigh this against VGS's superior liquidity and IWLD's broader small-cap inclusion when determining which fund best suits their long-term strategy.
Does BGBL pay franked distributions or offer any tax advantages for Australian investors?+
BGBL's distributions are entirely foreign-sourced income with no franking credits, which is standard for international equity ETFs listed on the ASX. Australian investors may receive foreign income tax offsets (FITO) to reduce their tax on distributions where withholding tax has been deducted overseas. BGBL's low 1.15% yield means the tax impact of distributions is relatively small compared to domestic equity ETFs. For accumulation-focused SMSF members, BGBL's minimal yield and low MER make it a tax-efficient growth holding.