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FANG

$29.36-1.51%Nasdaq 10060/100
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BetaShares FANG+ ETF · Global X

Data as at 29 March 2026

TL;DR

Equally weights just 10 of the world's largest technology companies — approximately 10% each in Apple, Microsoft, NVIDIA, Meta, Amazon, Alphabet, Tesla, Netflix, Snowflake, and Broadcom.

MER (Annual Fee)
0.35%
#2 lowest in Nasdaq 100
1Y Return
+10.4%
3Y Return (p.a.)
+29.5%
Dividend Yield
6.04%
Trailing 12 months
AUM
$1,268.4M
Assets under management
Avg Daily Turnover
$2.9M
Avg shares × unit price
Unit Price
$29.36
As at 29 March 2026
Provider
Global X
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Strategy

Tracks the NYSE FANG+ Index, an equal-weighted basket of 10 highly-traded technology and technology-adjacent companies. Each company receives approximately 10% at the quarterly rebalance. Managed by Global X ETFs Australia.

Top Holdings

Key Fact

Over the 5 years to December 2025, FANG delivered approximately 23% per year versus NDQ's 18% — but with higher volatility in both directions. The equal weighting means no single company can drag it down for a sustained period without the others offsetting it.

Suited for

Investors making a concentrated, high-conviction bet on the world's largest technology companies. FANG is a concentration tool, not a diversification tool — suitable as a satellite position in a broader portfolio.

Risks

A 10-stock portfolio means a single company event can move the fund materially. In 2022, FANG fell approximately 50% as technology valuations compressed sharply on rising interest rates.

FANG Comparisons

ETFCheck Score60/100
Fees (40%)48
Fund Size (25%)52
Liquidity (20%)65
Yield (15%)100
How scores are calculated →
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0.48% MER
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0.51% MER
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0.80% MER
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QNDQ
0.28% MER
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Frequently Asked Questions - FANG

With only 10 holdings, how risky is FANG compared to diversified ASX tech ETFs?+
FANG is the most concentrated ETF available on the ASX, holding just 10 mega-cap tech and growth stocks including Apple, Nvidia, Meta, Amazon, Google, Microsoft, Netflix, Tesla, Snowflake, and Broadcom. This extreme concentration means a single stock's bad earnings report can meaningfully impact the entire fund - far more than in NDQ's 100-stock portfolio. Despite this, FANG's 1Y return of 22.1% has outperformed NDQ's 18.4%, rewarding investors who accepted the higher volatility and stock-specific risk.
Why does FANG yield almost nothing at 0.08% and what does that mean for tax?+
FANG's near-zero 0.08% yield reflects that its 10 holdings are predominantly high-growth companies that reinvest earnings rather than paying dividends, with Tesla and Snowflake paying nothing at all. For Australian tax purposes, the minimal distributions are treated as foreign income with no franking credits, offering no ATO tax offset benefits. This makes FANG essentially a pure capital gains play, which may actually benefit SMSF investors in accumulation phase who prefer to defer tax until units are sold after the 12-month CGT discount period.
Is FANG managed by BetaShares or Global X, and does it matter?+
FANG is issued by Global X (formerly ETF Securities), not BetaShares, despite frequent confusion due to BetaShares dominating the Nasdaq 100 ETF space on the ASX. The fund tracks the NYSE FANG+ Index, which is separately maintained and has different rebalancing rules than BetaShares' Nasdaq-linked products. For investors, the issuer difference means separate PDS documents, different distribution schedules, and a distinct counterparty - SMSF trustees should ensure their investment policy statement accommodates Global X as an approved issuer.
How often does the FANG+ index change its 10 holdings and what triggers a substitution?+
The NYSE FANG+ Index is reviewed quarterly, and constituents can be replaced if they no longer meet the index's criteria for market capitalisation, liquidity, and sector relevance in technology and tech-adjacent growth. Recent changes saw Snowflake and Broadcom replace earlier constituents, reflecting the evolving tech landscape. Australian investors should monitor these rebalances because with only 10 equally weighted stocks, a single substitution represents a 10% portfolio turnover - far more impactful than constituent changes in the 100-stock Nasdaq index tracked by NDQ.