Australian shares
EX20
Betashares Australian Ex-20 Portfolio Diversifier ETF · Betashares
The next 180 largest companies on the Australian share market, after leaving out the 20 biggest, held together in one parcel.
What the fee costs you
The management fee is 0.25% a year. Here’s what that works out to in dollars:
A 0.25% yearly fee works out to about $25 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- Betashares
- Asset class
- Australian shares
- Number of holdings
- ~180
- Where it invests
- Entirely Australia.
- Income paid
- Half-yearly
- Currency hedged
- N/A — It holds Australian companies priced in Australian dollars, so there's no foreign-currency exposure to hedge.
Its character
It deliberately skips the giants that dominate the usual Australian index — the big banks and the largest miners — and holds the companies just below them instead. That makes it more spread across mid-sized names and sectors like industrials, real estate and healthcare, though materials still carries real weight.
What to keep in mind
Leaving out the 20 biggest stocks means it leans more on mid-sized companies, which can move more sharply than the household-name giants. It's still a broad Australian fund, but a different slice of the market than a standard top-200 index.
How this fund relates to others
By design it avoids the 20 largest Australian stocks that sit at the top of broad funds like A200, IOZ and VAS, so it overlaps little with their biggest names and is often used to sit alongside them rather than duplicate them.
Figures last verified 2026-06-22against the issuer’s factsheet and PDS.