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FOOD

$8.58+0.94%Commodities34/100
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BetaShares Global Agriculture ETF · BetaShares

Data as at 29 March 2026

TL;DR

Tracks global food and beverage companies — Nestle, Unilever, Coca-Cola, PepsiCo, and similar consumer staples businesses. One of the more defensive thematic ETFs on the ASX.

MER (Annual Fee)
0.57%
#1 lowest in Commodities
1Y Return
+36.7%
3Y Return (p.a.)
+8.1%
Dividend Yield
0.89%
Trailing 12 months
AUM
$75.1M
Assets under management
Avg Daily Turnover
$653K
Avg shares × unit price
Unit Price
$8.58
As at 29 March 2026
Provider
BetaShares
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Strategy

Follows the Solactive Global Food & Beverages Index, covering global companies that generate the majority of their revenue from food production, processing, and distribution.

Top Holdings

Key Fact

Nestle alone has been the world's largest food company by revenue for decades. Many FOOD investors are effectively making a bet on the pricing power of consumer staple brands during inflationary periods.

Suited for

Investors wanting defensive consumer staples exposure through the food and beverage sector. Food demand is relatively stable regardless of economic conditions — people continue buying groceries in recessions.

Risks

Food companies face margin pressure when commodity input costs (grain, sugar, packaging) rise faster than they can pass on to consumers through price increases. The sector is defensive but not immune to earnings compression.

ETFCheck Score34/100
Fees (40%)15
Fund Size (25%)7
Liquidity (20%)60
Yield (15%)100
How scores are calculated →
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Frequently Asked Questions - FOOD

How does FOOD avoid the futures roll costs that plague other commodity ETFs like QCB?+
FOOD holds global agriculture equities - companies like Deere, Corteva, and Nutrien - rather than agricultural commodity futures contracts. This means no contango drag from monthly contract rolls, which can cost futures-based funds several percentage points annually. Australian investors get agriculture sector exposure through corporate earnings growth and dividends (1.45% yield), making FOOD structurally different from pure commodity price tracking products available on the ASX.
Does FOOD's 1.45% yield include any franking credits for Australian investors?+
FOOD's distributions come from foreign-sourced dividends paid by global agriculture companies, so no franking credits are attached. Australian investors must declare distributions as assessable income, with any foreign withholding tax potentially claimable as a foreign income tax offset through the ATO. SMSF trustees seeking franked income would be better served by domestic options like MVB, while FOOD suits investors prioritising global agricultural growth exposure over tax-effective income.
What risks does FOOD face if agricultural commodity prices fall sharply?+
While FOOD holds equities not commodities, its underlying companies like Nutrien (fertilisers) and Deere (farm equipment) derive revenue from agricultural spending, creating indirect commodity sensitivity. Falling crop prices reduce farmer incomes and equipment purchases, pressuring FOOD's holdings. The 6.8% one-year return reflects this muted performance during relatively stable agricultural markets, and FOOD's 0.57% MER means it needs consistent earnings growth from its holdings to justify costs over cheaper broad equity ETFs.
Who should consider FOOD as part of their Australian investment portfolio?+
FOOD suits Australian investors seeking diversification beyond the ASX's mining and banking concentration, adding exposure to a global food supply chain theme. It's particularly relevant for those concerned about long-term food security, population growth, and climate-driven agricultural disruption without wanting futures complexity. However, at 0.57% MER with only 6.8% one-year returns, investors should compare FOOD's risk-adjusted performance against broader global equity ETFs like VGS before committing significant portfolio allocations.