Wealth Builder Global Shares Geared (30-40% LVR) Complex ETF
Overview
Fund objective
GGBL seeks to help investors build long-term wealth by providing moderately geared exposure to a diversified portfolio of global equities (ex-Australia).
Fund strategy
GGBL combines investors’ money with borrowed funds and invests the proceeds in Betashares Global Shares ETF (ASX: BGBL), which aims to track the performance of an index (before fees and expenses) comprising approximately 1,300 developed markets companies (ex-Australia). Gearing is managed internally within the Fund.
The Fund’s gearing ratio (being the total amount borrowed expressed as a percentage of the total assets of the Fund) will generally vary between 30% and 40% on a given day.
GGBL does not aim to track an index.
What is gearing?
Gearing is the use of borrowed funds, in addition to your own, to increase the size of your investment. Gearing aims to generate magnified returns, but also increases risk, as losses are magnified too.
The gearing ratio of between 30% and 40% means that GGBL’s geared exposure is anticipated to vary between ~143% and 167% of the Fund’s Net Asset Value on a given day. GGBL’s portfolio exposure is actively monitored and adjusted to stay within this range.
GGBL’s returns will not necessarily be in this range over periods longer than a day, primarily due to the effects of rebalancing to maintain the Fund’s daily target geared exposure range and the compounding of investment returns over time, and the impact of fees and costs.
GGBL’s returns over periods longer than one day may differ in amount and possibly direction from the daily target geared return range. This effect on returns over time can be expected to be more pronounced the more volatile the relevant sharemarket or portfolio and the longer an investor’s holding period.
Due to the effects of rebalancing and compounding of investment returns over time, investors should not expect GGBL’s Net Asset Value to be at a particular level for a given value of the relevant sharemarket or portfolio at any point in time.
Investors should monitor their investment regularly to ensure it continues to meet their investment objectives.
Gearing magnifies gains and losses and may not be a suitable strategy for all investors. Investors in geared strategies should be willing to accept higher levels of investment volatility and potentially large moves (both up and down) in the value of their investment. Geared investments involve significantly higher risk than non-geared investments. An investment in GGBL is very high risk in nature.
Benefits
Potential for accelerated wealth creation
The use of gearing is an established way to build long-term wealth. GGBL provides moderately geared exposure to a diversified portfolio of global companies (ex-Australia).
Convenient access to low-cost funding
GGBL borrows at institutional rates that are considerably lower than those typically available to individual investors. Investing in GGBL requires no loan applications, no credit checks and no possibility of margin calls as the gearing is managed internally within the Fund.
Diversify globally
GGBL provides exposure to approximately 1,300 companies from over 20 developed countries excluding Australia, giving exposure across a wide range of sectors, many of which are under-represented in the Australian sharemarket.
There are risks associated with an investment in GGBL, including market risk, international investment risk, currency risk, underlying ETF risk, gearing risk, rebalancing and compounding risk and lender risk. Investment value can go up and down. An investment in the Fund should only be made after considering your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
Invest in GGBL with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 75,000 |
|---|---|
| Management fee and cost** (p.a.) | 0.35% |
| Investment manager | Betashares Capital Ltd |
| Distribution frequency | At least annually |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Registry | MUFG Corporate Markets |
| Domicile | Australia |
* As at 26 September 2025
**Costs expressed as a percentage of Gross Asset Value of the Fund. Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| * Data is delayed by at least 20 minutes. | |
| NAV | |
|---|---|
| NAV/Unit* | $25.25 |
| * As at 26 September 2025 | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | GGBL |
|---|---|
| Bloomberg code | GGBL AU |
| IRESS code | GGBL.AXW |
| Market makers | BNP Paribas Financial Markets SNC |
Index information
| Index | N/A |
|---|---|
| Index provider | N/A |
| Index ticker | N/A |
| Bloomberg index ticker | N/A |
Information
Gearing
| Current LVR* | 34.8% |
|---|---|
| Current gearing multiple** (x) | 1.53 |
* As at the start of 30 September 2025. Expected to vary throughout the day and on each day. Calculated as the total amount borrowed expressed as a percentage of the total assets of the Fund (inclusive of borrowed amount).
Performance
Fund returns after fees (%)
| Fund | MSCI World ex-Australia (AUD) | |
|---|---|---|
| 1 month | - | - |
| 3 months | - | - |
| 6 months | - | - |
| 1 year | - | - |
| 3 year p.a. | - | - |
| 5 year p.a. | - | - |
| 10 year p.a. | - | - |
| Since inception p.a. | - | - |
| Inception date | - | - |
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Sector allocation
| Information Technology | 27.8% |
|---|---|
| Financials | 16.3% |
| Industrials | 11.1% |
| Consumer Discretionary | 10.4% |
| Communication Services | 9.2% |
| Health Care | 8.8% |
| Consumer Staples | 5.6% |
| Energy | 3.5% |
| Materials | 2.8% |
| Other | 4.3% |
* As of 26 September 2025
Country allocation
| United States | 73.8% |
|---|---|
| Japan | 6.4% |
| Canada | 3.3% |
| Britain | 3.1% |
| Germany | 2.3% |
| France | 2.1% |
| Switzerland | 1.4% |
| Netherlands | 1.2% |
| Sweden | 0.8% |
| Other | 5.5% |
* As of 26 September 2025
Distributions
Frequency and yield
| Distribution frequency | At least annually |
|---|
You can elect DRP by logging into MUFG’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| - | - | - | - | - |