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Fund size
$302.1M
OCT 2026
Total cost ratio
0.45%
per year
Distributions
Semi-Annually
Since inception
7.3 yrs
JUL 2019
The Index is designed to track the performance of the 100 largest U.K. companies by market capitalisation traded on the London Stock Exchange. There is no assurance or guarantee that the returns of the Fund will meet its investment objective.
US equity 1.02%Non-US equity 96.92%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 97.94 | 97.94 | 0.00 |
| Bond | -0.10 | 0.54 | 0.63 |
| Cash | 0.61 | 0.64 | 0.03 |
| Other | 1.55 | 1.55 | 0.00 |
Cyclical 39.56%Sensitive 29.71%Defensive 30.73%
Developed markets 99.70%Emerging markets 0.30%
Size score
300
Value-growth score
135
Economic moat
None 35%Wide 34%Narrow 31%
Giant 56%Large 30%Mid 13%Small 0%Micro 0%
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| HSBC Holdings PLC HSBA | 10.20 | JUL 2019 | 43.4M | GBP | 1.5M | Financial Services | United Kingdom | |
| Shell PLC SHEL | 8.28 | APR 2022 | 35.2M | GBP | 516,271 | Energy | United Kingdom | |
| AstraZeneca PLC AZN | 7.31 | JUL 2019 | 31.1M | GBP | 132,579 | Healthcare | United Kingdom | |
| Rolls-Royce Holdings PLC RR. | 4.87 | JUL 2019 | 20.7M | GBP | 741,754 | Industrials | United Kingdom | |
| Unilever PLC ULVR | 3.80 | JUL 2019 | 16.2M | GBP | 183,786 | Consumer Defensive | United Kingdom | |
| BP PLC BP. | 3.42 | JUL 2019 | 14.5M | GBP | 1.4M | Energy | United Kingdom | |
| British American Tobacco PLC BATS | 3.33 | JUL 2019 | 14.1M | GBP | 179,459 | Consumer Defensive | United Kingdom | |
| Rio Tinto PLC Ordinary Shares RIO | 2.92 | JUL 2019 | 12.4M | GBP | 91,489 | Basic Materials | United Kingdom | |
| GSK PLC GSK | 2.90 | JUL 2019 | 12.3M | GBP | 352,625 | Healthcare | United Kingdom | |
| Lloyds Banking Group PLC LLOY | 2.48 | JUL 2019 | 10.6M | GBP | 5.2M | Financial Services | United Kingdom |
Fund (NAV) Market price
1M
-4.0
3M
1.8
6M
6.4
YTD
7.8
1Y
14.9
3Y
18.3
5Y
11.4
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -3.98 | -3.56 | -3.95 | — |
| 3 months | 1.79 | 1.69 | 1.90 | — |
| 6 months | 6.42 | 7.85 | 6.66 | — |
| Year to date | 7.79 | 8.62 | 8.15 | — |
| 1 year | 14.93 | 15.88 | 15.45 | — |
| 3 years p.a. | 18.30 | 18.24 | 18.84 | — |
| 5 years p.a. | 11.44 | 11.28 | 11.94 | — |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Total Capital
2020
-16.5
2021
24.1
2022
-2.3
2023
16.5
2024
17.5
2025
25.9
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 25.91 | 21.03 | — |
| 2024 | 17.47 | 14.10 | — |
| 2023 | 16.46 | 9.67 | — |
| 2022 | -2.34 | -3.92 | — |
| 2021 | 24.13 | 21.43 | — |
| 2020 | -16.48 | -18.93 | — |
FY21
20.3
FY22
1.2
FY23
17.3
FY24
11.2
FY25
22.3
FY26
12.7
| Financial year | Total % |
|---|---|
| Financial year to date | 1.36 |
| Year to 30 JUN 2026 | 12.68 |
| Year to 30 JUN 2025 | 22.26 |
| Year to 30 JUN 2024 | 11.23 |
| Year to 30 JUN 2023 | 17.31 |
| Year to 30 JUN 2022 | 1.16 |
| Year to 30 JUN 2021 | 20.35 |
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 4.70 | 6.82 | 4.62 | — |
| Beta | 0.14 | 0.28 | 0.45 | — |
| R-squared | 2.52 | 11.91 | 25.77 | — |
| Standard deviation | 14.13 | 11.78 | 14.64 | — |
| Sharpe ratio | 0.69 | 1.37 | 0.93 | — |
| Sortino ratio | 1.04 | 2.77 | 1.60 | — |
| Tracking error | 11.02 | 9.90 | 10.11 | — |
| Information ratio | -0.04 | -0.33 | -0.05 | — |
| Upside capture % | 27.50 | 51.82 | 59.61 | — |
| Downside capture % | -51.04 | -24.65 | 20.22 | — |
| Maximum drawdown % | -4.25 | -4.25 | -13.01 | — |
Measured against MSCI World Ex Australia NR AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Risk score
90.3
Morningstar Portfolio Risk Score at 30 SEP 2026.
2024
0.5
2023
0.4
2022
0.3
2021
0.3
2020
0.2
2019
0.2
| Year | Per unit ($) |
|---|---|
| 2024 | 0.4674 |
| 2023 | 0.4333 |
| 2022 | 0.3383 |
| 2021 | 0.3330 |
| 2020 | 0.2229 |
| 2019 | 0.2121 |
| Ex Date | Per unit ($) |
|---|---|
| 1 JUL 2026 | 0.3390 |
| 2 JAN 2026 | 0.1809 |
| 1 JUL 2025 | 0.3057 |
| 2 JAN 2025 | 0.1617 |
| 1 JUL 2024 | 0.2380 |
| 2 JAN 2024 | 0.1953 |
| 3 JUL 2023 | 0.1748 |
| 3 JAN 2023 | 0.1635 |
| 1 JUL 2022 | 0.1654 |
| 4 JAN 2022 | 0.1675 |
| 1 JUL 2021 | 0.1459 |
| 4 JAN 2021 | 0.0770 |
Average
ESG risk score
19.56
Category average 18.76
13.08% of assets are in companies with high or severe controversies.
Carbon risk score
10.55
Category average 9.07
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
The FTSE pushed +0.8% higher overnight, taking it within 1% of its all-time high. The UK index is one MM watches as a leading indicator for the ASX, and both remain on track to post new all-time highs in 2026, with the ASX positioned for some major performance catch-up; perhaps today's CPI will be the catalyst.
The FTSE 100 index was notably more resilient than its European and Asian peers last week, benefiting from its defensive, energy, and financials-heavy composition which acted as a natural hedge against the AI-driven tech rout. The +2.0% weekly gain was driven primarily by energy strength, sterling weakness, and selective earnings beats which took the index to a fresh 10-week closing high despite all of the geopoloitical uncertainty.
The UK FTSE rallied to a fresh weekly high overnight, with Rolls-Royce and the London Stock Exchange Group (LSEG) boosting the FTSE 100.
European indices pushed higher overnight, aided by the anticipated 0.25% rate cut by the ECB; due to sluggish economic growth in the region, another three such cuts are expected through 2025.
The ASX200 was whacked on Thursday and Friday after the Fed Minutes weighed on equities in general, but especially the miners, as gold and copper surrendered some of their recent gains - Copper fell 8%, and gold fell almost 5% into the weekend. However, we believe this is a pullback in both commodities and related stocks to buy, which should eventually help the local market's performance compared to its global peers.
April witnessed a bearish move by bonds and equities, driven by escalating interest rate fears as “sticky inflation” became a regularly used catchphrase across financial markets. Conversely, so far in May, we’ve witnessed a complete reversion in the market's thinking/pricing for the future path of interest rates after both the Fed and RBA left rates on hold and delivered less hawkish rhetoric than many feared. Also, for good measure, markets embraced the recent “goldilocks” US employment data, which was a miss on job creation, while monthly wage growth slipped 0.2% from March; the latter was the number that caught most people's attention.
US indices experienced a quiet session overnight due to a dearth of news compared to the last few weeks, but the bullish takeout is that the broad-based S&P500 still closed higher. Quarterly reporting threw up some mixed results, with UBS Group (UBS US) up over 7% on very strong earnings while Ferrari (RACE US) slid 6% on an earnings miss.
The ASX200 rallied +0.7% higher last week as easing bond concerns saw the rate-sensitive stocks/sectors recover strongly, e.g. The Real Estate +3.2%, Tech +2.3%, and Consumer Discretionary +2.1% sectors advanced strongly. After Fridays market friendly employment data, we expect more of the same at the start of the second week of May, aided by a more than 3% surge by US Tech following Apple’s(AAPL US) earnings beat – the US2.8 trillion dollar stock surged almost 6%.
The ASX200 closed higher last week, although it didn't feel like it after Friday's 1.4% unwind, which saw over 80% of the main board close in the red - BHP accounted for around 30% of the index's loss. At this stage, we are 50-50 as to the market's next 150 points, which is not a common stance for MM; we are usually far more committed! We are still in “Buy Mode”, carrying reasonable cash levels, looking for optimum entry points, ideally a little lower for stocks we’ve been flagging in recent reports.
US stocks recovered strongly from their initial aggressive sell-off following the META result and, significantly, average guidance. If we exclude last night's tough tech session, it was a balanced session for US stocks, with 5 of the main 11 sectors closing higher, led by the resources, which should bode well for the likely names ex-BHP. Reporting season is delivering its usual volatility under the hood, but we don’t see any major concerns at the index level.
MM is now cautiously bullish towards the UK FTSE around 10,900
MM is neutral towards the UK FTSE around 10,650
MM is neutral towards the UK FTSE around 10,650
MM is bullish towards the FTSE around 10,800
MM is bullish towards the FTSE around 10,900
MM is bullish towards the FTSE around 10,700
MM is bullish towards the UK FTSE around 10,700
MM is bullish towards both the UK FTSE 100 ASX200 indices
MM is bullish towards the FTSE around 10,500
MM is bullish towards the FTSE around 10,400
Betashares FTSE 100 ETF (F100) is a exchange traded fund incorporated in Australia. The Fund aims to track the performance of the FTSE 100 Index, before taking into account fees and expenses.
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