20 minute delayed
Join Market Matters and get full access to all our Opinion + Action
Fund size
$192.3M
NOV 2026
Total cost ratio
0.57%
per year
Distributions
Semi-Annually
Since inception
10.4 yrs
JUN 2016
The investment objective of the fund is to provide an investment return that aims to track the performance of the Nasdaq Global ex-Australia Energy Hedged AUD Index (the “Index”), before taking into account fees and expenses. The Index is designed to track the performance of global companies that are in the Energy sector (excluding companies listed in Australia).
US equity 53.18%Non-US equity 46.82%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 100.00 | 100.00 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.00 | 0.00 | — |
| Other | 0.00 | 0.00 | — |
Cyclical 0.00%Sensitive 100.00%Defensive 0.00%
Developed markets 94.46%Emerging markets 5.54%
Size score
266
Value-growth score
-4
Economic moat
Narrow 64%None 33%Wide 2%
Giant 40%Large 39%Mid 21%
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Shell PLC SHEL | 8.55 | APR 2022 | 23.1M | GBP | 339,315 | Energy | United Kingdom | |
| ExxonMobil Holdings Corp XOM | 8.28 | SEP 2023 | 22.4M | USD | 95,596 | Energy | United States | |
| Chevron Corp CVX | 8.11 | JUL 2016 | 21.9M | USD | 74,639 | Energy | United States | |
| TotalEnergies SE TTE | 6.82 | JUL 2016 | 18.4M | EUR | 149,288 | Energy | France | |
| ConocoPhillips COP | 5.06 | JUL 2016 | 13.7M | USD | 76,012 | Energy | United States | |
| BP PLC BP. | 4.28 | JUL 2016 | 11.6M | GBP | 1.1M | Energy | United Kingdom | |
| Siemens Energy AG Ordinary Shares ENR | 4.01 | MAR 2025 | 10.8M | EUR | 46,581 | Industrials | Germany | |
| Enbridge Inc ENB | 3.76 | JUL 2016 | 10.2M | CAD | 151,879 | Energy | Canada | |
| Valero Energy Corp VLO | 3.54 | JUL 2016 | 9.6M | USD | 17,149 | Energy | United States | |
| Marathon Petroleum Corp MPC | 3.52 | JUL 2016 | 9.5M | USD | 16,726 | Energy | United States |
Fund (NAV) Market price
1M
13.2
3M
14.7
6M
11.0
YTD
62.3
1Y
68.3
3Y
24.4
5Y
17.3
10Y
8.3
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 13.19 | 11.61 | 13.25 | 12 / 21 |
| 3 months | 14.67 | 15.77 | 14.83 | 12 / 20 |
| 6 months | 10.95 | 12.02 | 11.27 | 8 / 17 |
| Year to date | 62.28 | 60.33 | 63.06 | 1 / 15 |
| 1 year | 68.30 | 68.56 | 69.26 | 1 / 15 |
| 3 years p.a. | 24.42 | 24.26 | 25.13 | 50 / 13 |
| 5 years p.a. | 17.34 | 17.08 | 18.03 | 29 / 8 |
| 10 years p.a. | 8.29 | 8.03 | 8.95 | 100 / 7 |
Returns to 31 OCT 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
2017
1.9
2018
-10.0
2019
8.7
2020
-33.0
2021
32.5
2022
37.9
2023
4.1
2024
2.1
2025
10.6
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 10.64 | 7.75 | 100 / 19 |
| 2024 | 2.13 | -1.43 | 50 / 21 |
| 2023 | 4.08 | -1.91 | 54 / 19 |
| 2022 | 37.95 | 38.10 | 1 / 10 |
| 2021 | 32.51 | 27.22 | 1 / 9 |
| 2020 | -32.97 | -35.32 | 100 / 9 |
| 2019 | 8.73 | 8.59 | 80 / 9 |
| 2018 | -10.02 | -12.96 | 57 / 8 |
| 2017 | 1.94 | -0.32 | 60 / 9 |
FY17
1.2
FY18
26.8
FY19
-9.3
FY20
-37.1
FY21
32.3
FY22
27.7
FY23
8.7
FY24
14.7
FY25
-2.5
FY26
30.2
| Financial year | Total % |
|---|---|
| Financial year to date | 27.15 |
| Year to 30 JUN 2026 | 30.18 |
| Year to 30 JUN 2025 | -2.49 |
| Year to 30 JUN 2024 | 14.74 |
| Year to 30 JUN 2023 | 8.69 |
| Year to 30 JUN 2022 | 27.73 |
| Year to 30 JUN 2021 | 32.29 |
| Year to 30 JUN 2020 | -37.15 |
| Year to 30 JUN 2019 | -9.30 |
| Year to 30 JUN 2018 | 26.83 |
| Year to 30 JUN 2017 | 1.19 |
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 24.48 | 6.51 | 4.20 | -4.22 |
| Beta | 1.10 | 1.09 | 1.24 | 1.38 |
| R-squared | 45.99 | 51.57 | 66.07 | 70.58 |
| Standard deviation | 28.12 | 21.28 | 25.83 | 28.63 |
| Sharpe ratio | 1.89 | 0.88 | 0.79 | 0.44 |
| Sortino ratio | 5.86 | 1.54 | 1.23 | 0.44 |
| Tracking error | 17.50 | 12.78 | 12.78 | 13.72 |
| Information ratio | 2.03 | 0.59 | 0.46 | -0.20 |
| Upside capture % | 177.42 | 134.17 | 137.59 | 127.13 |
| Downside capture % | 107.92 | 112.79 | 131.32 | 166.37 |
| Maximum drawdown % | -10.92 | -11.25 | -14.44 | -54.07 |
Measured against S&P Global Natural Resources TR USD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Risk score
109.2
Morningstar Portfolio Risk Score at 30 SEP 2026.
2024
0.1
2023
0.3
2022
0.2
2021
0.1
2020
0.2
2019
0.1
2018
0.1
2017
0.1
2016
0.2
| Year | Per unit ($) |
|---|---|
| 2024 | 0.1182 |
| 2023 | 0.2547 |
| 2022 | 0.1898 |
| 2021 | 0.0994 |
| 2020 | 0.1896 |
| 2019 | 0.1126 |
| 2018 | 0.0712 |
| 2017 | 0.1436 |
| 2016 | 0.2306 |
| Ex Date | Per unit ($) |
|---|---|
| 1 JUL 2026 | 0.2739 |
| 2 JAN 2026 | 0.0933 |
| 2 JAN 2025 | 0.1182 |
| 1 JUL 2024 | 0.1322 |
| 2 JAN 2024 | 0.1225 |
| 3 JAN 2023 | 0.1898 |
| 4 JAN 2022 | 0.0994 |
| 1 JUL 2021 | 0.1328 |
| 4 JAN 2021 | 0.0568 |
| 1 JUL 2020 | 0.0623 |
| 2 JAN 2020 | 0.0503 |
| 2 JAN 2019 | 0.0712 |
Below Average
ESG risk score
32.19
10.18% of assets are in companies with high or severe controversies.
Carbon risk score
41.03
Category average 18.53
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Crude oil surged another ~7% overnight on the worsening rhetoric around Iran, taking its sharp bounce from last week's low to ~15%. This has been a similar move to the one at the start of June, and if common sense prevails, the outcome should be the same, with the energy complex renewing its downtrend if/when diplomacy returns around the Strait of Hormuz.
The ASX-traded BetaShares Global Energy ETF (FUEL) provides exposure to a diversified portfolio of the world’s largest energy companies, primarily in oil and gas, obviously a great place to have been invested during the war in the Middle East. The question is what now, as the Strait of Hormuz reopens and the ETF has corrected well over 10%.
The ASX-traded BetaShares Global Energy ETF (FUEL) provides exposure to a diversified portfolio of the world’s largest energy companies, primarily in oil and gas - a great place to have been invested during a war in the Middle East. This ETF is an ideal way to gain exposure to global oil and gas stocks, with its largest 3 holdings today being Shell (8.4%), Chevron (7.5%), and Exxon (7.4%). The ETF has been a stellar performer over the last year, gaining ~27%, a very similar move to local heavyweight Woodside.
The BetaShares Global Energy ETF (FUEL) provides exposure to a diversified portfolio of the world’s largest energy companies, primarily in oil and gas - a good place to be invested during a war in the Middle East. This ETF is a great way to gain exposure to international oil and gas stocks, but note it doesn't hold ASX names, hence investors forgo franking credits from the likes of Woodside, which we know is a major motivation for many MM subscribers.
This ASX-traded ETF provides Australian investors with exposure to a diversified portfolio of the world’s largest oil and gas companies by tracking a global energy sector index, with currency exposure hedged to the Australian dollar.
This major ASX-traded global energy ETF allows investors to gain exposure to the international energy names, currency hedged. Energy has been quiet through 2025 compared to the metals, but never say never when it comes to volatility:
This major ASX-traded global energy ETF allows investors to gain exposure to the international energy names, tracking the NASDAQ Global ex-Australia Energy Companies, currency hedged. This ETF currently has 51% in US companies, followed by 17% in Canada, 12% in the UK, and 7% in France.
This major global energy ETF allows investors to gain exposure to the international energy names as it aims to track the NASDAQ Global ex-Australia Energy Companies, currency hedged. This ETF currently has 51.2% in US companies, followed by 17.8% in Canada and 12% in the UK, with 45 current holdings headed by well-known Shell, Exxon and Chevron. The ETF costs 0.57% to provide exposure to this basket of global energy stocks.
ASX-traded FUEL ETF tracks the NASDAQ global ex-Australia Energy Companies currency hedged Index for a cost of 0.57% pa. The ETF currently carries exposure of 57% US, 13% Canada, 12% UK, 6% France across 48 holdings.
MM is neutral towards the FUEL ETF around $8.00
MM is bullish towards the FUEL ETF around $8.00
MM is neutral towards the FUEL ETF around $9.00
MM is cautiously bullish towards the ASX200 Energy Sector
MM is cautiously bullish towards the FUEL ETF around $8
MM is cautiously bullish towards the FUEL ETF
MM is cautiously bullish towards the FUEL ETF
MM is cautiously bullish towards the FUEL ETF
MM is cautiously bullish towards the FUEL ETF
MM is neutral to negative towards US energy stocks
FUEL aims to track the performance of an index (before fees and expenses) that comprises the largest global energy companies (ex-Australia), hedged into Australian dollars. The ETF is listed on the Australian Stock Exchange (ASX) under close FUEL
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
JOIN NOW
Something went wrong. Please try again in a moment.
