Every ASX ETF Ranked by Fees: Cheapest to Most Expensive

There are 464 ETFs listed on Australian exchanges. The cheapest charges 0.03% per year — that's $3 on a $10,000 investment. The most expensive charges 1.89% — $189 on the same amount, or 63 times more.

Fees are the single most reliable predictor of long-term ETF performance. You can't control markets, but you can control costs. Every dollar paid in fees is a dollar that doesn't compound in your favour.

This page ranks every ETF on the ASX by management expense ratio (MER), from cheapest to most expensive. No fund manager paid for placement. The data speaks for itself.

Data: CBOE Australia Monthly Funds Report, February 2026.

A Warning About Performance Fees

The MER (management expense ratio) shown in this ranking is the base management fee. Some ETFs — particularly active and complex funds — also charge a performance fee on top of the MER. This can significantly increase the total cost of ownership.

For example, MQAE (Macquarie Core Australian Equity Active ETF) appears at the top of this list with a headline MER of just 0.03%. But it also charges a performance fee, meaning the actual total cost in a good year will be materially higher than the base fee suggests.

Other funds with performance fee structures include many of the active managers and complex/hedge fund-style ETFs further down the list. Always check the Product Disclosure Statement (PDS) for the complete fee structure — including performance fees, buy/sell spreads, and indirect costs — before investing.

The MER ranking below reflects base management fees only. Where a fund charges a performance fee, the true cost to investors will be higher.

The Fee Landscape

Metric	Value
Total ETFs ranked	464
Cheapest	MQAE — 0.03%
Most expensive	ISLM — 1.89%
Median fee	0.45%
Average fee	0.53%

Nearly 60% of ETFs charge between 0.20% and 0.70%. The ultra-low-cost tier (under 0.10%) contains just 19 funds — but they hold a disproportionate share of total assets because investors flock to cheap, broad index trackers.

The Complete Ranking

Every ETF on the ASX, sorted by management expense ratio. Use your browser's search (Ctrl+F / Cmd+F) to find a specific ticker.

Rank	Ticker	Fund Name	MER	AUM	Category	1Y Return
1	MQAE	Macquarie Core Australian Equity Active ETF	0.03%*	$1.0B	Equity - Domestic	16.2%
2	VTS	Vanguard Us Total Market Shares Index ETF	0.03%	$6.1B	Equity - International	3.6%
3	A200	Betashares Australia 200 ETF	0.04%	$9.8B	Equity - Domestic	16.1%
4	A300	Global X Australia 300 ETF	0.04%	$13M	Equity - Domestic	—
5	IVV	iShares S&P 500 ETF	0.04%	$12.6B	Equity - International	3.5%
6	E200	State Street SPDR S&P/ASX 200 Esg ETF	0.05%	$290M	Equity - Domestic	17.1%
7	IOZ	iShares Core S&P/ASX 200 ETF	0.05%	$8.6B	Equity - Domestic	15.9%
8	STW	SPDR S&P/ASX 200 ETF	0.05%	$6.7B	Equity - Domestic	15.5%
9	VAS	Vanguard Australian Shares Index ETF	0.07%	$24.2B	Equity - Domestic	16.1%
10	IJH	iShares S&P Mid-Cap ETF	0.07%	$475M	Equity - International	3.2%
11	IJR	iShares S&P Small-Cap ETF	0.07%	$790M	Equity - International	4.3%
12	VEU	Vanguard All-World Ex-Us Shares Index ETF	0.07%	$5.5B	Equity - International	21.9%
13	WXOZ	State Street SPDR S&P World Ex Aus Cbn Aware ETF	0.07%	$647M	Equity - International	5.7%
14	BILL	iShares Core Cash ETF	0.07%	$1.2B	Cash Products	3.9%
15	BGBL	Betashares Global Shares ETF	0.08%	$3.5B	Equity - International	7.6%
16	MQEG	Macquarie Core Global Equity Active ETF	0.08%	$113M	Equity - International	11.1%
17	IESG	iShares Core MSCI Australia Esg ETF	0.09%	$455M	Equity - Domestic	7.1%
18	IWLD	iShares Core MSCI World Ex Australia Esg ETF	0.09%	$1.5B	Equity - International	7.6%
19	SPY	State Street SPDR S&P 500 ETF	0.09%	$377M	Equity - International	3.4%
20	IHVV	iShares S&P 500 Aud Hedged ETF	0.10%	$3.3B	Equity - International	17.8%
21	WXHG	State Str SPDR S&P Wld Ex Aus Cbn Aware (Hdg) ETF	0.10%	$369M	Equity - International	17.4%
22	BOND	State Street SPDR S&P/ASX Iboxx Aus BOND ETF	0.10%	$41M	Fixed Income - Domestic	3.6%
23	GOVT	State Street SPDR S&P/ASX Iboxx Aus Gov Bond ETF	0.10%	$73M	Fixed Income - Domestic	3.1%
24	IAF	iShares Core Composite Bond ETF	0.10%	$3.7B	Fixed Income - Domestic	2.9%
25	VAF	Vanguard Australian Fixed Interest Index ETF	0.10%	$3.5B	Fixed Income - Domestic	3.0%
26	HGBL	Betashares Global Shares Currency Hedged ETF	0.11%	$2.1B	Equity - International	20.6%
27	IYLD	iShares Yield Plus ETF	0.12%	$96M	Fixed Income - Domestic	4.4%
28	ISEC	iShares Enhanced Cash ETF	0.12%	$527M	Cash Products	4.0%
29	IHWL	iShares Core MSCI World Ex Aus Esg (Aud Hed) ETF	0.13%	$938M	Equity - International	20.9%
30	EXUS	Betashares Global Shares Ex Us ETF	0.14%	$48M	Equity - International	—
31	TOLL	Betashares FTSE Global Infrastructure Shares Currenc...	0.14%	$8M	Infrastructure & Property	—
32	GLIN	iShares Ftse Gbl Infrastructure (Aud Hedged) ETF	0.15%	$1.7B	Infrastructure & Property	21.2%
33	GLPR	iShares Ftse Gbl Property Ex Aus (Aud Hedged) ETF	0.15%	$610M	Infrastructure & Property	10.7%
34	ALTB	iShares 15+ Year Australian Government Bond ETF	0.15%	$177M	Fixed Income - Domestic	0.9%
35	ICOR	iShares Core Corporate Bond ETF	0.15%	$531M	Fixed Income - Domestic	3.8%
36	IUSG	iShares U.S. Treasury Bond (Aud Hedged) ETF	0.15%	$13M	Fixed Income - International	4.6%
37	ULTB	iShares 20+ Year U.S. Treasury Bond (Hedged) ETF	0.15%	$2M	Fixed Income - International	5.2%
38	GXLD	Global X Gold Bullion ETF	0.15%	$662M	Commodities	57.5%
39	PMGOLD	Perth Mint Gold Structured Product A	0.15%	$2.7B	Commodities	57.8%
—	MONY	VanEck Cash Plus Active ETF	0.15%	$100M	Fixed Income - Domestic	—
40	VETH	Vanguard Ethically Conscious Australian Shares ETF	0.16%	$661M	Equity - Domestic	14.3%
41	SLF	SPDR S&P/ASX 200 Listed Property ETF	0.16%	$512M	Infrastructure & Property	5.1%
42	VGB	Vanguard Australian Government Bond Index ETF	0.16%	$1.3B	Fixed Income - Domestic	2.9%
43	MQHG	Macquarie Core Global Equity (Hedged) Active ETF	0.18%	$4M	Equity - International	—
44	QMIX	State Street SPDR MSCI World Quality Mix ETF	0.18%	$383M	Equity - International	6.9%
45	RSSL	Global X Russell 2000 ETF	0.18%	$18M	Equity - International	10.1%
46	U100	Global X Us 100 ETF	0.18%	$77M	Equity - International	2.8%
47	VESG	Vanguard Ethically Conscious Intl Shares Indx ETF	0.18%	$1.3B	Equity - International	6.6%
48	VGS	Vanguard MSCI Index International Shares ETF	0.18%	$14.4B	Equity - International	7.1%
49	IGB	iShares Treasury ETF	0.18%	$331M	Fixed Income - Domestic	2.3%
50	ILB	iShares Government Inflation ETF	0.18%	$1.1B	Fixed Income - Domestic	3.2%
51	MMKT	Betashares Australian Cash Plus Active ETF	0.18%	$536M	Fixed Income - Domestic	4.0%
52	AGGG	iShares Core Global Aggregate Bond (Aud Hdg) ETF	0.18%	$1M	Fixed Income - International	—
53	AAA	Betashares Australian High Interest Cash ETF	0.18%	$5.0B	Cash Products	3.9%
54	GLDN	iShares Physical Gold ETF	0.18%	$409M	Commodities	57.5%
55	OZBD	Betashares Australian Composite Bond ETF	0.19%	$1.1B	Fixed Income - Domestic	3.5%
56	AESG	iShares Global Aggregate Bond Esg (Aud Hedged) ETF	0.19%	$347M	Fixed Income - International	4.2%
57	USTB	Global X Us Treasury Bond (Currency Hedged) ETF	0.19%	$618M	Fixed Income - International	4.8%
58	WBND	Betashares Global Aggregate Bond Currency H ETF	0.19%	$534M	Fixed Income - International	—
59	DHHF	Betashares Diversified All Growth ETF	0.19%	$1.2B	Mixed Asset	11.7%
60	SFY	SPDR S&P/ASX 50 ETF	0.20%	$767M	Equity - Domestic	14.6%
61	SYI	State Str SPDR MSCI Aus Select High Div Yield ETF	0.20%	$626M	Equity - Domestic	19.0%
62	VLC	Vanguard MSCI Australian Large Companies Index ETF	0.20%	$329M	Equity - Domestic	18.3%
63	DJRE	State Street SPDR Dj Gbl Real Estate Esg Tilt ETF	0.20%	$526M	Infrastructure & Property	-0.4%
64	IFRA	VanEck Ftse Global Infrastructure (Aud Hedged) ETF	0.20%	$1.9B	Infrastructure & Property	21.1%
65	REIT	VanEck Ftse International Property (Aud Hgd) ETF	0.20%	$736M	Infrastructure & Property	10.1%
66	VACF	Vanguard Australian Corp Fixed Interest Index ETF	0.20%	$769M	Fixed Income - Domestic	3.7%
67	VBND	Vanguard Global Aggregate Bond Index (Hedged) ETF	0.20%	$4.0B	Fixed Income - International	4.3%
68	VIF	Vanguard Intl. Fixed Interest Indx (Hedged) ETF	0.20%	$1.0B	Fixed Income - International	3.2%
69	VGAD	Vanguard MSCI Indx International Shre (Hedged) ETF	0.21%	$6.4B	Equity - International	19.9%
70	1GOV	VanEck 1-5 Year Australian Government Bond ETF	0.22%	$26M	Fixed Income - Domestic	2.6%
71	28BB	Betashares 2028 Fixed Term Corp Bond Active ETF	0.22%	$5M	Fixed Income - Domestic	—
72	29BB	Betashares 2029 Fixed Term Corp Bond Active ETF	0.22%	$3M	Fixed Income - Domestic	—
73	30BB	Betashares 2030 Fixed Term Corp Bond Active ETF	0.22%	$17M	Fixed Income - Domestic	—
74	5GOV	VanEck 5-10 Year Australian Government Bond ETF	0.22%	$91M	Fixed Income - Domestic	3.0%
75	AGVT	Betashares Australian Government Bond ETF	0.22%	$1.2B	Fixed Income - Domestic	3.1%
76	FLOT	VanEck Australian Floating Rate ETF	0.22%	$1.0B	Fixed Income - Domestic	4.5%
77	QPON	Betashares Aus Bank Senior Floating Rate Bond ETF	0.22%	$1.9B	Fixed Income - Domestic	4.8%
78	XGOV	VanEck 10+ Year Australian Government Bond ETF	0.22%	$387M	Fixed Income - Domestic	2.7%
79	GGOV	Betashares Us Treasury Bond 20+ Yr Ccy Hedged ETF	0.22%	$156M	Fixed Income - International	2.1%
80	TBIL	VanEck 1-3 Month Us Treasury Bond ETF	0.22%	$110M	Fixed Income - International	-9.0%
81	US10	Betashares Us Treasury Bond 7-10Yr Ch ETF	0.22%	$24M	Fixed Income - International	5.9%
82	UTIP	Beta Inflation Protected Us Treasury Bond Ch ETF	0.22%	$199M	Fixed Income - International	4.6%
83	IBAL	iShares Balanced Esg ETF	0.22%	$24M	Mixed Asset	7.3%
84	IGRO	iShares High Growth Esg ETF	0.22%	$25M	Mixed Asset	9.7%
85	IHD	iShares S&P/ASX Div Opportunities Esg Screened ETF	0.23%	$390M	Equity - Domestic	28.9%
86	VAP	Vanguard Australian Property Securities Index ETF	0.23%	$3.1B	Infrastructure & Property	5.0%
87	ILC	iShares S&P/ASX 20 ETF	0.24%	$778M	Equity - Domestic	17.7%
88	ZYAU	Global X S&P/ASX 200 High Dividend ETF	0.24%	$94M	Equity - Domestic	27.2%
89	RGB	Russell Investments Australian Government Bond ETF	0.24%	$281M	Fixed Income - Domestic	2.1%
90	EX20	Betashares Aus Ex-20 Portfolio Diversifier ETF	0.25%	$647M	Equity - Domestic	12.7%
91	GRPA	Global X S&P Australia Garp ETF	0.25%	$2M	Equity - Domestic	—
92	HYLD	Betashares S&P Australian Shares High Yield ETF	0.25%	$75M	Equity - Domestic	—
93	OZXX	Global X Australia Ex Financials & Resources ETF	0.25%	$7M	Equity - Domestic	-3.1%
94	VHY	Vanguard Australian Shares High Yield ETF	0.25%	$7.0B	Equity - Domestic	23.3%
95	CORE	Schroder Global CORE Fund - Active ETF	0.25%	$33M	Equity - International	—
96	EMXC	iShares MSCI Emerging Markets Ex China ETF	0.25%	$495M	Equity - International	44.4%
97	IMTM	iShares MSCI World ex Australia Momentum ETF	0.25%	$19M	Equity - International	9.0%
98	IQLT	iShares MSCI World ex Australia Quality ETF	0.25%	$20M	Equity - International	5.1%
99	IVLU	iShares MSCI World ex Australia Value ETF	0.25%	$30M	Equity - International	32.1%
100	WVOL	iShares MSCI World Ex Aust Minimum Volatility ETF	0.25%	$79M	Equity - International	4.8%
101	BANK	Global X Australian BANK Credit ETF	0.25%	$183M	Fixed Income - Domestic	4.2%
102	CRED	Betashares Aus Investment Grade Corporate Bond ETF	0.25%	$1.8B	Fixed Income - Domestic	5.0%
103	IBTC	Monochrome Bitcoin ETF	0.25%	$121M	Crypto-Assets	-25.9%
104	IETH	Monochrome Ethereum ETF	0.25%	$4M	Crypto-Assets	-16.3%
105	NUGG	VanEck Gold Bullion ETF	0.25%	$269M	Commodities	57.5%
106	RSM	Russell Investments Aus Semi-Government Bond ETF	0.26%	$61M	Fixed Income - Domestic	3.2%
107	IHCB	iShares Core Glb Corporate Bond(Aud Hedged) ETF	0.26%	$342M	Fixed Income - International	5.3%
108	VEFI	Vanguard Ethl Consc Glb Agg Bnd Indx (Hedged) ETF	0.26%	$75M	Fixed Income - International	4.0%
109	VDAL	Vanguard Diversified All Growth Index ETF	0.27%	$299M	Equity - International	—
110	VDBA	Vanguard Diversified Balanced Index ETF	0.27%	$887M	Mixed Asset	9.7%
111	VDCO	Vanguard Diversified Conservative Index ETF	0.27%	$296M	Mixed Asset	7.5%
112	VDGR	Vanguard Diversified Growth Index ETF	0.27%	$1.4B	Mixed Asset	11.8%
113	VDHG	Vanguard Diversified High Growth Index ETF	0.27%	$3.7B	Mixed Asset	13.5%
114	DACE	Dimensional Aus Core Equity Trust - Active ETF	0.28%	$6.8B	Equity - Domestic	20.8%
115	MVB	VanEck Australian Banks ETF	0.28%	$304M	Equity - Domestic	26.4%
116	IHQL	iShares MSCI World ex Australia Quality (AUD Hedged)...	0.28%	$2M	Equity - International	16.4%
117	IVHG	iShares MSCI World ex Australia Value (AUD Hedged) ETF	0.28%	$5M	Equity - International	46.6%
118	VMIN	Vanguard Global Minimum Volatility Active ETF	0.28%	$15M	Equity - International	12.6%
119	VVLU	Vanguard Global Value Equity Active ETF	0.28%	$1.1B	Equity - International	15.0%
120	RCB	Russell Investments Aus Select Corporate Bond ETF	0.28%	$334M	Fixed Income - Domestic	3.2%
121	BEST	ETFS US Quality ETF	0.29%	$18M	Equity - International	—
122	HUGE	ETFS Magnificent 7+ ETF	0.29%	$19M	Equity - International	—
123	IAA	iShares Asia 50 ETF	0.29%	$1.4B	Equity - International	45.9%
124	QUS	Betashares S&P 500 Equal Weight ETF	0.29%	$1.0B	Equity - International	1.1%
125	WWWW	ETFS US Technology ETF	0.29%	$19M	Equity - International	—
126	BSUB	Betashares Aus Major Bank Subordinated Debt ETF	0.29%	$622M	Fixed Income - Domestic	5.5%
127	ECRD	Betashares Aust Enhanced Credit Income Complex ETF	0.29%	$60M	Fixed Income - Domestic	—
128	FSUB	VanEck Australian Fixed Rate Subordinated Debt ETF	0.29%	$16M	Fixed Income - Domestic	—
129	HCRD	Betashares Interest Rate Hedged Aus Corp Bond ETF	0.29%	$243M	Fixed Income - Domestic	6.1%
130	ICME	iShares Credit Income Active ETF	0.29%	$102M	Fixed Income - Domestic	—
131	MQSD	Macquarie Subordinated Debt Active ETF	0.29%	$443M	Fixed Income - Domestic	6.2%
132	RMBS	VanEck Australian RMBS ETF	0.29%	$28M	Fixed Income - Domestic	—
133	SUBD	VanEck Australian Subordinated Debt ETF	0.29%	$3.5B	Fixed Income - Domestic	5.5%
134	AUMF	iShares Edge MSCI Australia Multifactor ETF	0.30%	$151M	Equity - Domestic	20.1%
135	MVOL	iShares Edge MSCI Australia Minimum Volatility ETF	0.30%	$30M	Equity - Domestic	14.9%
136	VSO	Vanguard MSCI Australian Small Companies Index ETF	0.30%	$1.2B	Equity - Domestic	23.7%
137	AVTG	Avantis Global Equity Active ETF	0.30%	$7M	Equity - International	—
138	GARP	Global X S&P World Ex Australia GARP ETF	0.30%	$134M	Equity - International	4.6%
139	JREG	Jpmorgan Global Research En Index Eqty Active ETF	0.30%	$62M	Equity - International	6.3%
140	JRHG	Jpmorgan Global Research En In Eqty (H) Active ETF	0.30%	$25M	Equity - International	18.8%
141	FIXD	Coolabah Active Composite Bond Complex ETF	0.30%	$806M	Fixed Income - Domestic	5.1%
142	USHY	Global X Usd High Yield Bond (Currency Hedged) ETF	0.30%	$19M	Fixed Income - International	5.5%
143	USIG	Global X Usd Corporate Bond (Currency Hedged) ETF	0.30%	$4M	Fixed Income - International	8.6%
144	VCF	Vanguard Intl. Credit Securities Indx (Hedged) ETF	0.30%	$184M	Fixed Income - International	5.1%
145	HQUS	Beta S&P 500 Equal Weight Currency Hedged ETF	0.32%	$256M	Equity - International	14.8%
146	IVE	iShares MSCI EAFE ETF	0.32%	$678M	Equity - International	17.5%
147	VISM	Vanguard MSCI Intl Small Companies Indx ETF	0.32%	$809M	Equity - International	15.1%
148	PLUS	VanEck Australian Corporate Bond PLUS ETF	0.32%	$370M	Fixed Income - Domestic	4.3%
149	VDIF	Vanguard Diversified Income ETF	0.32%	$35M	Mixed Asset	—
150	DAVA	Dimensional Australian Value Trust - Active ETF	0.34%	$1.5B	Equity - Domestic	30.7%
151	OZF	State Street SPDR S&P/ASX 200 Finan Ex A-REIT ETF	0.34%	$50M	Equity - Domestic	18.1%
152	OZR	State Street SPDR S&P/ASX 200 Resources ETF	0.34%	$265M	Equity - Domestic	58.3%
153	QFN	Betashares Australian Financials Sector ETF	0.34%	$76M	Equity - Domestic	19.6%
154	QRE	Betashares Australian Resources Sector ETF	0.34%	$481M	Equity - Domestic	59.5%
155	RDV	Russell Investments High Dividend Aus. Shares ETF	0.34%	$335M	Equity - Domestic	17.0%
156	AEBD	Betashares Ethical Australian Composite Bond ETF	0.34%	$70M	Fixed Income - Domestic	3.1%
157	AQLT	Betashares Australian Quality ETF	0.35%	$1.0B	Equity - Domestic	16.7%
158	DVDY	VanEck Morningstar Australian Moat Income ETF	0.35%	$33M	Equity - Domestic	-1.9%
159	G200	Betashares Wealthbuilder Aus200 Geared Complex ETF	0.35%	$29M	Equity - Domestic	21.5%
160	GGBL	Betashares Wealthbuilder Global Geared Complex ETF	0.35%	$39M	Equity - Domestic	—
161	GMVW	VanEck Geared Australian Equal Weight Complex ETF	0.35%	$40M	Equity - Domestic	10.0%
162	GRNV	VanEck MSCI Australian Sustainable Equity ETF	0.35%	$250M	Equity - Domestic	6.2%
163	MTUM	Betashares Australian Momentum ETF	0.35%	$198M	Equity - Domestic	14.1%
164	MVR	VanEck Australian Resources ETF	0.35%	$655M	Equity - Domestic	58.4%
165	MVW	VanEck Australian Equal Weight ETF	0.35%	$3.3B	Equity - Domestic	8.9%
166	BEMG	Betashares MSCI Emerging Markets Complex ETF	0.35%	$41M	Equity - International	—
167	ESTX	Global X Euro Stoxx 50 ETF	0.35%	$462M	Equity - International	15.2%
168	FANG	Global X FANG+ ETF	0.35%	$1.3B	Equity - International	0.3%
169	GHHF	Betashares Wealthbuilder All Gr Geared Complex ETF	0.35%	$250M	Equity - International	19.0%
170	JEME	Jpmorgan Em Research Enhanced Idx Eqty Active ETF	0.35%	$12M	Equity - International	—
171	QLTY	Betashares Global Quality Leaders ETF	0.35%	$911M	Equity - International	1.9%
—	GTUM	Betashares Global Momentum ETF	0.35%	$3M	Equity - International	—
172	VEQ	Vanguard Ftse Europe Shares ETF	0.35%	$570M	Equity - International	15.7%
173	WDIV	State Street SPDR S&P Global Dividend ETF	0.35%	$363M	Equity - International	18.1%
174	WDMF	iShares World Equity Factor ETF	0.35%	$157M	Equity - International	9.1%
175	WEMG	State Street SPDR S&P Em Markets Carbon Aware ETF	0.35%	$32M	Equity - International	17.2%
176	ZYUS	Global X S&P 500 High Yield Low Volatility ETF	0.35%	$77M	Equity - International	-5.8%
177	MVA	VanEck Australian Property ETF	0.35%	$831M	Infrastructure & Property	12.0%
178	BHYB	Betashares Australian Major Bank Hybrids Index ETF	0.35%	$666M	Fixed Income - Domestic	4.2%
179	GHLD	Global X Gold Bullion (Currency Hedged) ETF	0.35%	$318M	Commodities	—
180	DFGH	Dimensional Global Core Eq Aud Hgd - Active ETF	0.36%	$4.0B	Equity - International	22.3%
181	DGCE	Dimensional Global Eq Trust Unhgd - Active ETF	0.36%	$5.0B	Equity - International	9.7%
182	EARN	Pimco Short Term Active Yield Active ETF	0.36%	$14M	Fixed Income - Domestic	—
183	FHNG	Global X Fang+ (Currency Hedged) ETF	0.38%	$69M	Equity - International	14.3%
184	HQLT	Betashares Glb Qlty Leaders Currency Hedged ETF	0.38%	$132M	Equity - International	14.3%
185	JFIX	Janus Henderson Australian Fixed Interest Active ETF	0.38%	$8M	Fixed Income - Domestic	5.1%
186	ALFA	VanEck Australian Long Short Complex ETF	0.39%	$26M	Equity - Domestic	17.0%
187	SMLL	Betashares Australian Small Companies Select ETF	0.39%	$340M	Equity - Domestic	35.7%
188	MSTR	Morningstar International Shares Active ETF	0.39%	$359M	Equity - International	17.8%
189	DBBF	Betashares Ethical Diversified Balanced ETF	0.39%	$38M	Mixed Asset	0.5%
190	DGGF	Betashares Ethical Diversified Growth ETF	0.39%	$50M	Mixed Asset	-0.9%
191	DZZF	Betashares Ethical Diversified High Growth ETF	0.39%	$109M	Mixed Asset	-1.2%
192	IBIT	iShares Bitcoin ETF	0.39%	$16M	Crypto-Assets	—
193	QOZ	Betashares Ftse Rafi Australia 200 ETF	0.40%	$1.1B	Equity - Domestic	26.8%
194	CFLO	Betashares Global Cash Flow Kings ETF	0.40%	$26M	Equity - International	0.1%
195	GWTH	VanEck MSCI International Growth ETF	0.40%	$14M	Equity - International	—
196	IOO	iShares Global 100 ETF	0.40%	$5.2B	Equity - International	12.2%
197	J100	Global X Japan Topix 100 ETF	0.40%	$9M	Equity - International	—
198	JEGA	Jpm Global Equity Premium Income Complex ETF	0.40%	$20M	Equity - International	-4.8%
199	JEPI	Jpmorgan Equity Premium Income Active ETF	0.40%	$173M	Equity - International	-5.5%
200	JHGA	Jpm Gbl Equity Premium Income Hedged Complex ETF	0.40%	$9M	Equity - International	7.7%
201	JHPI	Jpmorgan Equity Premium Income (Hedged) Active ETF	0.40%	$10M	Equity - International	5.7%
202	JPEQ	Jpmorgan Us 100Q Equity Premium Income Active ETF	0.40%	$80M	Equity - International	0.2%
203	JPHQ	Jpmorgan Us 100Q Eq Prem Inc (Hedged) Active ETF	0.40%	$12M	Equity - International	13.1%
204	QUAL	VanEck MSCI International Quality ETF	0.40%	$8.1B	Equity - International	3.7%
205	VAE	Vanguard Ftse Asia Ex Japan Shares Index ETF	0.40%	$796M	Equity - International	28.1%
206	VLUE	VanEck MSCI International Value ETF	0.40%	$416M	Equity - International	26.3%
207	GOLD	Global X Physical GOLD Structured	0.40%	$6.9B	Commodities	57.9%
208	IXI	iShares Global Consumer Staples ETF	0.41%	$142M	Equity - International	1.3%
209	IXJ	iShares Global Healthcare ETF	0.41%	$1.4B	Equity - International	-3.8%
210	BNDS	Betashares Western Asset Aus Bond Active ETF	0.42%	$855M	Fixed Income - Domestic	3.2%
211	HVLU	VanEck MSCI International Value (Aud Hedged) ETF	0.43%	$65M	Equity - International	39.8%
212	IHOO	iShares Global 100 Aud Hedged ETF	0.43%	$663M	Equity - International	26.0%
213	QHAL	VanEck MSCI International Quality (Aud Hedged) ETF	0.43%	$2.4B	Equity - International	16.2%
214	ETPMPM	Global X Physical Precious Metal Basket Structured A	0.44%	$168M	Commodities	81.0%
215	MVE	VanEck S&P/ASX Midcap ETF	0.45%	$495M	Equity - Domestic	18.1%
216	RARI	Russell Investments Aus Responsible Investment ETF	0.45%	$470M	Equity - Domestic	11.5%
217	AVTE	Avantis Emerging Markets Equity Active ETF	0.45%	$9M	Equity - International	—
218	CURE	Global X S&P Biotech ETF	0.45%	$40M	Equity - International	27.1%
219	DGVA	Dimensional Global Value Trust - Active ETF	0.45%	$1.1B	Equity - International	14.2%
220	DRGN	Global X China Tech ETF	0.45%	$67M	Equity - International	—
221	F100	Betashares Ftse 100 ETF	0.45%	$442M	Equity - International	19.9%
222	HLTH	VanEck Global Healthcare Leaders ETF	0.45%	$52M	Equity - International	0.3%
223	IACT	iShares U.S. Factor Rotation Active ETF	0.45%	$1M	Equity - International	—
224	IKO	iShares MSCI South Korea ETF	0.45%	$143M	Equity - International	148.2%
225	INCM	Betashares S&P Global High Dividend Aristocrat ETF	0.45%	$85M	Equity - International	4.7%
226	SEMI	Global X Semiconductor ETF	0.45%	$561M	Equity - International	67.9%
227	TECH	Global X Morningstar Global Technology ETF	0.45%	$273M	Equity - International	-15.5%
228	TACT	Janus Henderson Tactical Income Active ETF	0.45%	$368M	Fixed Income - Domestic	5.6%
229	DCOR	Daintree Core Income Active ETF	0.45%	$70M	Fixed Income - International	4.8%
230	JPGB	JPMorgan Global Bond Active ETF	0.45%	$7M	Fixed Income - International	6.1%
231	USD	Betashares U.S. Dollar ETF	0.45%	$54M	Currencies	-9.3%
232	EBTC	Global X 21Shares Bitcoin ETF	0.45%	$140M	Crypto-Assets	-25.8%
233	EETH	Global X 21Shares Ethereum ETF	0.45%	$39M	Crypto-Assets	-16.3%
234	QBTC	Betashares Bitcoin ETF.	0.45%	$33M	Crypto-Assets	-26.7%
235	QETH	Betashares Ethereum ETF.	0.45%	$22M	Crypto-Assets	-17.3%
236	VBTC	VanEck Bitcoin ETF	0.45%	$234M	Crypto-Assets	-26.5%
237	BUGG	Global X Cybersecurity ETF	0.47%	$10M	Equity - International	-33.3%
238	JGLO	Jpmorgan Global Select Equity Active ETF	0.47%	$6M	Equity - International	0.8%
239	PAVE	Global X Us Infrastructure Development ETF	0.47%	$24M	Infrastructure & Property	21.9%
240	VBLD	Vanguard Global Infrastructure Index ETF	0.47%	$603M	Infrastructure & Property	7.0%
241	ATEC	Betashares S&P/ASX Australian Technology ETF	0.48%	$486M	Equity - Domestic	-21.4%
242	H100	Betashares Ftse 100 Currency Hedged ETF	0.48%	$24M	Equity - International	25.7%
243	JNDQ	Betashares Nasdaq Next Gen 100 ETF	0.48%	$12M	Equity - International	10.1%
244	NDQ	Betashares Nasdaq 100 ETF	0.48%	$7.2B	Equity - International	6.0%
245	QNDQ	Betashares Nasdaq 100 Equal Weight ETF	0.48%	$18M	Equity - International	-1.1%
246	VGE	Vanguard Ftse Emerging Markets Shares ETF	0.48%	$1.8B	Equity - International	15.9%
247	JPIE	JPMorgan Income (Hedged) Active ETF	0.48%	$17M	Fixed Income - International	4.5%
248	AUST	Betashares Managed Risk Aus Shares Complex ETF	0.49%	$34M	Equity - Domestic	10.5%
249	FAIR	Betashares Australian Sustainability Leaders ETF	0.49%	$1.2B	Equity - Domestic	-4.7%
250	MVS	VanEck Small Companies Masters ETF	0.49%	$221M	Equity - Domestic	23.2%
251	AVTS	Avantis Global Small Cap Value Active ETF	0.49%	$12M	Equity - International	—
252	MOAT	VanEck Morningstar Wide MOAT ETF	0.49%	$962M	Equity - International	2.8%
253	GBND	Betashares Global Green Bond Currency Hedged ETF	0.49%	$218M	Fixed Income - International	3.8%
254	MQIO	Macquarie Income Opportunities Active ETF	0.49%	$94M	Fixed Income - International	5.2%
255	PGBF	PIMCO Global Bond Active ETF	0.49%	$46M	Fixed Income - International	5.6%
256	BTXX	Digitalx Bitcoin ETF	0.49%	$36M	Crypto-Assets	-26.5%
257	ETPMAG	Global X Physical Silver Structured A	0.49%	$1.9B	Commodities	148.6%
258	ETPMPD	Global X Physical Palladium Structured A	0.49%	$25M	Commodities	72.3%
259	ETPMPT	Global X Physical Platinum Structured A	0.49%	$113M	Commodities	117.3%
260	SSO	State Street SPDR S&P/ASX Small Ordinaries ETF	0.50%	$30M	Equity - Domestic	21.0%
261	DTEC	Global X Defence Tech ETF	0.50%	$133M	Equity - International	57.1%
262	GNDQ	Betashares Wealthbuilder Nasdaq Geared Complex ETF	0.50%	$59M	Equity - International	5.8%
263	IJP	iShares MSCI Japan ETF	0.50%	$1.3B	Equity - International	23.6%
264	MCSI	Magellan Core Infrastructure Fund Active ETF	0.50%	$554M	Infrastructure & Property	25.3%
265	HIGH	Schroder Australian High Yielding Credit Fund - Acti...	0.50%	$238M	Fixed Income - Domestic	6.1%
266	PAUS	PIMCO Australian Bond Active ETF	0.50%	$28M	Fixed Income - Domestic	4.7%
267	FRAR	Franklin Aus Absolute Return Bnd Fund - Active ETF	0.50%	$721M	Fixed Income - International	4.4%
268	GOOD	Janus Henderson Sustainable Credit Active ETF	0.50%	$3M	Fixed Income - International	4.4%
269	PDFI	PIMCO Diversified Fixed Interest Active ETF	0.50%	$24M	Fixed Income - International	4.7%
270	XARO	Ardea Real Outcome Bond Complex ETF	0.50%	$163M	Fixed Income - International	6.6%
271	HNDQ	Betashares Nasdaq 100 Currency Hedged ETF	0.51%	$711M	Equity - International	20.3%
272	IHEB	iShares J.P.Morgan Usd Em (Aud Hedged) ETF	0.51%	$74M	Fixed Income - International	11.3%
273	MHOT	VanEck Morningstar Wide Moat (Aud Hedged) ETF	0.52%	$31M	Equity - International	16.2%
274	GDX	VanEck Gold Miners ETF	0.53%	$1.9B	Equity - International	155.6%
275	WRLD	Betashares Managed Risk Global Shares Complex ETF	0.54%	$47M	Equity - International	4.7%
276	AMVE	AB Managed Volatility Equities Fund - MVE Class - Ac...	0.55%	$836M	Equity - Domestic	2.8%
277	ISO	iShares S&P/ASX Small Ordinaries ETF	0.55%	$193M	Equity - Domestic	21.6%
278	ARMR	Betashares Global Defence ETF	0.55%	$243M	Equity - International	47.7%
279	ESGI	VanEck MSCI International Sustainable Equity ETF	0.55%	$226M	Equity - International	-1.9%
280	ESPO	VanEck Video Gaming and Esports ETF	0.55%	$84M	Equity - International	-5.4%
281	GOAT	VanEck Morningstar International Wide Moat ETF	0.55%	$60M	Equity - International	3.6%
282	GSUS	Candriam Sustainable Gbl Equity Fund - Active ETF	0.55%	$176M	Equity - International	—
283	ITEK	iShares Nasdaq Top 30 ETF	0.55%	$8M	Equity - International	5.3%
284	JHLO	Jpmorgan Global Select Equity (Hedged) Active ETF	0.55%	$4M	Equity - International	9.4%
285	T3MP	Jpmorgan Climate Change Solutions Active ETF	0.55%	$3M	Equity - International	22.4%
286	HBRD	Betashares Australian Hybrids Active ETF	0.55%	$2.6B	Fixed Income - Domestic	4.6%
287	PAYS	Schroder Absolute Return Income Active ETF	0.55%	$77M	Fixed Income - International	5.0%
288	XKAP	Kapstream Absolute Return Income Active ETF	0.55%	$31M	Fixed Income - International	5.9%
289	HEUR	Betashares Europe Currency Hedged ETF	0.56%	$107M	Equity - International	16.9%
290	HJPN	Betashares Japan Currency Hedged ETF	0.56%	$257M	Equity - International	54.8%
291	IHHY	iShares Global High Yield Bond (Aud Hedged) ETF	0.56%	$372M	Fixed Income - International	6.0%
292	AINF	Global X Ai Infrastructure ETF	0.57%	$80M	Equity - International	—
293	BNKS	Betashares Global Banks Currency Hedged ETF	0.57%	$161M	Equity - International	39.5%
294	DRUG	Betashares Global Healthcare Currency Hedged ETF	0.57%	$177M	Equity - International	5.9%
295	FOOD	Betashares Glb Agriculture Comp Currency Hdgd ETF	0.57%	$75M	Equity - International	36.3%
296	FUEL	Betashares Global Energy Comp Currency Hedged ETF	0.57%	$246M	Equity - International	26.9%
297	GAME	Betashares Video Games and Esports ETF	0.57%	$29M	Equity - International	-4.6%
298	GXAI	Global X Artificial Intelligence ETF	0.57%	$197M	Equity - International	13.4%
299	MNRS	Betashares Global Gold Miners Currency Hedged ETF	0.57%	$342M	Equity - International	188.5%
300	RBTZ	Betashares Global Robotics & Artificial Intell ETF	0.57%	$323M	Equity - International	7.7%
301	IEU	iShares Europe ETF	0.58%	$934M	Equity - International	15.1%
302	ETHI	Betashares Global Sustainability Leaders ETF	0.59%	$3.6B	Equity - International	-4.0%
303	QSML	VanEck MSCI Intl Small Companies Quality ETF	0.59%	$1.6B	Equity - International	5.2%
304	URAN	VanEck Uranium and Energy Innovation ETF	0.59%	$15M	Equity - International	—
305	DIFF	Perpetual Diversified Income Active ETF	0.59%	$249M	Fixed Income - Domestic	—
306	GCAP	VanEck Bentham Global Capital Sec Active ETF	0.59%	$46M	Fixed Income - International	6.2%
307	MQYM	Macquarie Global Yield Maximiser Active ETF	0.59%	$33M	Fixed Income - International	7.2%
308	QAU	Betashares Gold Bullion Currency Hedged ETF	0.59%	$1.7B	Commodities	76.9%
309	AYLD	Global X S&P/ASX 200 Covered Call Complex ETF	0.60%	$94M	Equity - Domestic	6.4%
310	CETF	VanEck Ftse China A50 ETF	0.60%	$37M	Equity - International	4.1%
311	IZZ	iShares China Large-Cap ETF	0.60%	$435M	Equity - International	-5.3%
312	QYLD	Global X Nasdaq 100 Covered Call Complex ETF	0.60%	$21M	Equity - International	-4.5%
313	UYLD	Global X S&P 500 Covered Call Complex ETF	0.60%	$12M	Equity - International	-5.3%
314	GROW	Schroder Real Return Active ETF	0.60%	$75M	Mixed Asset	12.7%
315	BCOM	Global X Bloomberg Commodity Complex ETF	0.60%	$60M	Commodities	4.4%
316	MQDB	Macquarie Dynamic Bond Active ETF	0.61%	$103M	Fixed Income - International	4.2%
317	PCRD	PIMCO Global Credit Active ETF	0.61%	$15M	Fixed Income - International	8.3%
318	HETH	Betashares Global Sustainability Leaders Ch ETF	0.62%	$685M	Equity - International	8.1%
319	QHSM	VanEck MSCI Intl SML Comp Quality (Aud Hedged) ETF	0.62%	$272M	Equity - International	18.6%
320	EHF1	Elstree Hybrid Fund Active ETF	0.62%	$48M	Fixed Income - Domestic	4.7%
321	GIVE	Perpetual Esg Australian Share Active ETF	0.65%	$14M	Equity - Domestic	1.9%
322	ALPH	Schroder Global Equity Alpha Fund - Active ETF	0.65%	$9M	Equity - International	7.2%
323	CLNE	VanEck Global Clean Energy ETF	0.65%	$77M	Equity - International	56.2%
324	DFND	VanEck Global Defence ETF	0.65%	$300M	Equity - International	54.0%
325	DGSM	Dimensional Global Small Company - Active ETF	0.65%	$672M	Equity - International	11.5%
326	ERTH	Betashares Climate Change Innovation ETF	0.65%	$81M	Equity - International	13.0%
327	GPEQ	VanEck Global Listed Private Equity ETF	0.65%	$54M	Equity - International	-22.7%
328	SLVM	Global X Silver Miners ETF..	0.65%	$40M	Equity - International	—
329	WIRE	Global X Copper Miners ETF	0.65%	$814M	Equity - International	121.4%
330	LEND	VanEck Glbl Listed Private Credit (Aud Hedged) ETF	0.65%	$223M	Fixed Income - International	-16.2%
331	ASIA	Betashares ASIA Technology Tigers ETF	0.67%	$1.1B	Equity - International	50.9%
332	CLDD	Betashares Cloud Computing ETF	0.67%	$31M	Equity - International	-30.1%
333	CRYP	Betashares Crypto Innovators ETF	0.67%	$168M	Equity - International	11.9%
334	DRIV	Betashares Electric Vehicles and Ftr Mobility ETF	0.67%	$14M	Equity - International	17.5%
335	HACK	Betashares Global Cybersecurity ETF	0.67%	$1.1B	Equity - International	-15.6%
336	QMAX	Betashares Nasdaq 100 Yield Maximiser Complex ETF	0.68%	$31M	Equity - International	-0.6%
337	AEAE	Australian Ethical High Conviction Fund - Active ETF	0.69%	$11M	Equity - Domestic	1.6%
338	ACDC	Global X Battery Tech & Lithium ETF	0.69%	$743M	Equity - International	76.1%
339	ATOM	Global X Uranium ETF	0.69%	$153M	Equity - International	101.4%
340	EMKT	VanEck MSCI Multifactor Em Markets Equity ETF	0.69%	$594M	Equity - International	36.8%
341	FTEC	Global X Fintech & Blockchain ETF	0.69%	$5M	Equity - International	-13.3%
342	GMTL	Global X Green Metal Miners ETF	0.69%	$14M	Equity - International	108.5%
343	HGEN	Global X Hydrogen ETF	0.69%	$46M	Equity - International	99.0%
344	IEM	iShares MSCI Emerging Markets ETF	0.69%	$1.6B	Equity - International	30.0%
345	NDIA	Global X India Nifty 50 ETF	0.69%	$193M	Equity - International	-6.7%
346	ROBO	Global X ROBO Global Robotics & Automation ETF	0.69%	$282M	Equity - International	22.5%
347	ROYL	Betashares Global Royalties ETF	0.69%	$72M	Equity - International	26.0%
348	URNM	Betashares Global Uranium ETF	0.69%	$348M	Equity - International	94.1%
349	XMET	Betashares Energy Transition Metals ETF	0.69%	$137M	Equity - International	136.3%
350	FRNS	Coolabah Short Term Income Active ETF	0.69%	$71M	Fixed Income - Domestic	5.4%
351	HYGG	Hyperion Global Growth Companies Fund - Active ETF	0.70%	$3.2B	Equity - International	-9.1%
352	MCGG	Munro Concentrated Global Growth Active ETF	0.70%	$89M	Equity - International	12.8%
353	RIIF	Resolution Gbl Listed Infra Fund - Active ETF	0.70%	$25M	Equity - International	—
354	SFIF	Seed Financial Income Fund Active ETF	0.70%	$33M	Fixed Income - Domestic	—
355	HVST	Betashares Aus Dividend Harvester Active ETF	0.72%	$295M	Equity - Domestic	11.0%
356	S3GO	Firetrail S3 Global Opps Fund - Active ETF	0.72%	$17M	Equity - International	11.9%
357	XX20	First Sentier Ex-20 Australian Share Active ETF	0.75%	$104M	Equity - Domestic	—
358	EAFZ	Ellerston Asia Growth Fund Complex ETF	0.75%	$38M	Equity - International	21.5%
359	GRIN	VanEck India Growth Leaders ETF	0.75%	$15M	Equity - International	—
360	OPPT	Magellan Global Opportunities Fund - Active ETF	0.75%	$320M	Equity - International	-4.7%
361	XALG	Alphinity Global Equity Fund - Active ETF	0.75%	$346M	Equity - International	-6.7%
362	XASG	Alphinity Global Sustainable Eq Fund - Active ETF	0.75%	$76M	Equity - International	-4.5%
363	DHOF	Daintree Hybrid Opportunities Active ETF	0.75%	$38M	Fixed Income - International	3.9%
364	YMAX	Betashares Aus Top 20 Eqy Yield Max Complex ETF	0.76%	$668M	Equity - Domestic	8.6%
365	AASF	Airlie Australian Share Fund - Active ETF	0.78%	$1.0B	Equity - Domestic	4.6%
366	UMAX	Betashares S&P 500 Yield Maximiser Complex ETF	0.79%	$281M	Equity - International	-2.2%
367	EIGA	Perennial Income Generator Active ETF	0.80%	$29M	Equity - Domestic	11.2%
368	GEAR	Betashares Geared Australian Equities Complex ETF	0.80%	$563M	Equity - Domestic	29.3%
369	FUTR	Janus Henderson Global Sustainable Eq Active ETF	0.80%	$2M	Equity - International	3.5%
370	GGUS	Betashares Geared Us Eqty Ccy Hedged Complex ETF	0.80%	$354M	Equity - International	20.7%
371	IIND	Betashares India Quality ETF.	0.80%	$194M	Equity - International	-4.8%
372	RCAP	Resolution Cap Global Prop Sec Fund - Active ETF	0.80%	$2.2B	Equity - International	14.4%
373	DIVI	Ausbil Active Dividend Income Fund - Active ETF	0.85%	$592M	Equity - Domestic	—
374	FHCO	Fidelity Australian High Conviction Active ETF	0.85%	$2M	Equity - Domestic	3.5%
375	FSML	Firetrail Aust Small Companies Fund - Active ETF	0.85%	$532M	Equity - Domestic	33.1%
376	R3AL	Clearbridge Real Income Fund - Active ETF	0.85%	$489M	Equity - International	9.3%
377	PGA1	Plato Global Alpha Fund Complex ETF	0.88%	$1.1B	Equity - International	25.1%
378	QGRU	Quay Global Real Estate Fund (Unhedged) Active ETF	0.88%	$549M	Infrastructure & Property	—
379	SWTZ	Switzer Dividend Growth Fund - Active ETF	0.89%	$59M	Equity - Domestic	11.8%
380	EQIN	Investors Mutual Equity Income Fund - Complex ETF	0.90%	$22M	Equity - Domestic	—
381	M1DS	Paradice Australian Mid Cap Fund Active ETF	0.90%	$73M	Equity - Domestic	—
382	ADEF	Apostle Dundas Gbl Eqty Fund - Class D Active ETF	0.90%	$16M	Equity - International	-5.8%
383	FRGG	Franklin Global Growth Fund - Active ETF	0.90%	$219M	Equity - International	-9.1%
384	MCCL	Munro Climate Change Leaders Fund Active ETF	0.90%	$179M	Equity - International	33.8%
385	QGFH	Quay Global Real Estate Fund (Aud) Active ETF	0.92%	$701M	Infrastructure & Property	—
386	LEVR	First Sentier Geared Australian Share Complex ETF	0.95%	$132M	Equity - Domestic	—
387	CNEW	VanEck China New Economy ETF	0.95%	$86M	Equity - International	13.2%
388	RGOS	Russell Sust Global Opportunities Complex ETF	0.95%	$24M	Equity - International	4.8%
389	EBND	VanEck Emerging Income Opportunities Active ETF	0.95%	$281M	Fixed Income - International	10.1%
390	IIGF	Intelligent Investor Eq Growth Fund Active ETF	0.97%	$89M	Equity - Domestic	7.6%
391	INES	Intelligent Investor Eth Share Fund - Active ETF	0.97%	$68M	Equity - Domestic	-1.0%
392	INIF	Intelligent Investor Aus Eq Inc Fund - Active ETF	0.97%	$73M	Equity - Domestic	16.4%
393	TCAP	Ten Cap Alpha Plus Complex ETF	0.97%	$5M	Equity - Domestic	—
394	IISV	Intell Investor Select Value Shr Fund - Active ETF	0.97%	$67M	Equity - International	5.9%
395	CUIV	CB Glbl Infrastructure Value Active ETF	0.97%	$953M	Infrastructure & Property	—
396	GIFL	Lazard Global Listed Infrastructure Active ETF	0.98%	$3.1B	Infrastructure & Property	32.3%
397	IMLC	Iml Concentrated Aus Share Fund - Active ETF	0.99%	$3M	Equity - Domestic	3.7%
398	IMPQ	Perennial Better Future Active ETF	0.99%	$36M	Equity - Domestic	-2.0%
399	FEMX	Fidelity Global Emerging Markets Active ETF	0.99%	$182M	Equity - International	27.0%
400	GLOB	Barrow Hanley Global Share Active ETF	0.99%	$475M	Equity - International	9.6%
401	LSGE	Loomis Sayles Global Equity Fund - Active ETF	0.99%	$38M	Equity - International	-1.1%
402	BBAB	Betashares Geared Short Aus Gov Bond Complex ETF	0.99%	$1M	Fixed Income - Domestic	5.8%
403	GGAB	Betashares Geared Long Aus Gov Bond Complex ETF	0.99%	$4M	Fixed Income - Domestic	-2.7%
404	BBFD	Betashares Geared Short Us Tr Bond Ch Complex ETF	0.99%	$1M	Fixed Income - International	-10.7%
405	GGFD	Betashares Geared Long Us Tr Bond Ch Complex ETF	0.99%	$3M	Fixed Income - International	7.6%
406	GHIF	Ausbil Gbl Essential Infra Fund (Hdg) - Active ETF	1.00%	$291M	Equity - International	—
407	LNAS	Global X Ultra Long Nasdaq 100 Complex ETF	1.00%	$63M	Equity - International	34.1%
408	LNYN	Lanyon Investment Fund Active ETF	1.00%	$154M	Equity - International	36.9%
409	SNAS	Global X Ultra Short Nasdaq 100 Complex ETF	1.00%	$86M	Equity - International	-34.8%
410	SVNP	Savana Us Small Caps Active ETF	1.00%	$5M	Equity - International	17.7%
411	CBNX	Coolabah Global Carbon Leaders Complex ETF	1.00%	$51M	Fixed Income - International	—
412	YLDX	Coolabah Global Floating-Rate High Yield Complex ETF	1.00%	$443M	Fixed Income - International	7.3%
413	CIIH	CB Glbl Infrastructure Income (Hedged) Active ETF	1.02%	$1.3B	Infrastructure & Property	—
414	CIVH	CB Glbl Infrastructure Value (Hedged) Active ETF	1.02%	$1.2B	Infrastructure & Property	—
415	MFOA	Milford Australian Absolute Growth Complex ETF	1.05%	$22M	Equity - Domestic	13.9%
416	MICH	Magellan Infra Fund (Currency Hedged) - Active ETF	1.06%	$557M	Infrastructure & Property	25.9%
417	AGX1	Antipodes Global Value Active ETF	1.10%	$395M	Equity - International	20.7%
418	BAOR	Aoris Int Fund (Class B) (Unhedged) Active ETF	1.10%	$145M	Equity - International	-9.5%
419	FCAP	Fidelity Global Future Leaders Active ETF	1.10%	$8M	Equity - International	-2.3%
420	HJHI	Hejaz High Income Active ETF	1.10%	$10M	Equity - International	13.8%
421	IAEF	India Avenue Equity Fund Active ETF	1.10%	$11M	Equity - International	—
422	NNUK	Nanuk New World Fund Active ETF	1.10%	$813M	Equity - International	13.5%
423	NNWH	Nanuk New World Fund (Currency Hedged) Active ETF	1.10%	$188M	Equity - International	24.9%
424	PAXX	Platinum Asia Fund Complex ETF	1.10%	$324M	Equity - International	30.2%
425	PIXX	Platinum International Fund Active ETF	1.10%	$79M	Equity - International	-1.8%
426	VNGS	Vaughan Nelson Glb Equity Smid Fund - Active ETF	1.12%	$47M	Equity - International	19.8%
427	DAOR	Aoris Int Fund (Class D) (Hedged) Active ETF	1.15%	$148M	Equity - International	-1.3%
428	FASI	Fidelity Asia Active ETF	1.16%	$26M	Equity - International	16.8%
429	TLRA	Talaria Global Equity Fund Complex ETF	1.16%	$2.6B	Equity - International	2.5%
430	ASAO	Abrdn Sust Asian Opportunities Active ETF	1.18%	$2M	Equity - International	24.3%
431	FIIN	Fidelity India Active ETF	1.20%	$7M	Equity - International	-6.0%
432	GSCF	Ausbil Global Smallcap Fund - Active ETF	1.20%	$128M	Equity - International	—
433	L1HI	L1 Capital International (Hedged) Active ETF	1.20%	$27M	Equity - International	5.5%
434	L1IF	L1 Capital International (Unhedged) Active ETF	1.20%	$456M	Equity - International	-4.4%
435	LPGD	Loftus Peak Global Disruption Active ETF	1.20%	$691M	Equity - International	4.3%
436	LPHD	Loftus Peak Global Disruption Hedged Active ETF	1.20%	$94M	Equity - International	—
437	MIDS	Antipodes Global Smid Active ETF	1.20%	$90M	Equity - International	—
438	TLRH	Talaria Global Equity Fund Currency Hedged Complex ETF	1.20%	$452M	Equity - International	8.5%
439	CGHE	Claremont Global Fund (Hedged) Active ETF	1.25%	$67M	Equity - International	-8.7%
440	CGUN	Claremont Global Fund Active ETF	1.25%	$58M	Equity - International	-17.4%
441	GCQF	Gcq Global Equities Complex ETF	1.25%	$240M	Equity - International	—
442	MKAX	Montaka Global Extension Fund - Complex ETF	1.25%	$68M	Equity - International	-17.2%
443	T8EV	T8 Energy Vision Active ETF	1.25%	$29M	Equity - International	42.4%
444	WCMQ	Wcm Quality Global Growth Fund - Active ETF	1.25%	$360M	Equity - International	10.6%
445	MQWS	Macquarie Walter Scott Global Equity Active ETF	1.28%	$26M	Equity - International	-4.5%
446	OOO	Betashares Crude Oil Index Currncy Hdg Complex ETF	1.29%	$104M	Commodities	4.7%
447	LHGG	Lakehouse Global Growth Fund Active ETF	1.30%	$221M	Equity - International	—
448	KSM	K2 Australian Small Cap Hedge Fund - Complex ETF	1.31%	$10M	Equity - Domestic	7.6%
449	MOGL	Montaka Global Fund - Active ETF	1.32%	$132M	Equity - International	-14.5%
450	SKUK	Hejaz Sukuk Active ETF	1.33%	$5M	Fixed Income - International	-2.2%
—	ZILR	Ziller Global Fund Active ETF	1.33%	$11M	Equity - International	—
451	MAET	Munro Global Growth Fund Complex ETF	1.35%	$345M	Equity - International	10.5%
452	MGOC	Magellan Global Fund -Open Class Units -Active ETF	1.35%	$5.4B	Equity - International	-5.5%
453	MHG	Magellan Global Eq Fund (Currencyhdg) - Active ETF	1.35%	$95M	Equity - International	5.1%
454	BBOZ	Betashares Aus Equities Strong Bear Complex ETF	1.38%	$190M	Equity - Domestic	-26.6%
455	BBUS	Betashares Us Eqy Strong Bear Ccy H Complex ETF	1.38%	$153M	Equity - International	-37.7%
456	AUDS	Betashares Strong Australian Dollar Complex ETF	1.38%	$32M	Currencies	35.8%
457	YANK	Betashares Strong Us Dollar Complex ETF	1.38%	$6M	Currencies	-24.6%
458	BEAR	Betashares Australian Equities BEAR Complex ETF	1.48%	$33M	Equity - Domestic	-10.3%
459	HJZP	Hejaz Property Fund Active ETF	1.50%	$5M	Infrastructure & Property	-7.3%
460	HHIF	Hejaz High Innovation Active ETF	1.55%	$10M	Equity - International	-13.2%
461	ISLM	Hejaz Equities Fund Active ETF	1.89%	$47M	Equity - International	8.7%

*MQAE charges a base MER of 0.03% plus a performance fee. The total cost in a year where the fund outperforms will be significantly higher than 0.03%.

What the Data Tells Us

The cheapest ETFs are almost always index trackers

The 19 ETFs charging under 0.10% are overwhelmingly passive index funds — VAS, A200, IOZ, IVV, VTS, BGBL, BILL. The one exception is MQAE (Macquarie Core Australian Equity Active ETF) at 0.03% base fee — but MQAE also charges a performance fee, so the true cost in a strong year is significantly higher than the headline number suggests. Don't be fooled by the ranking position. These ultra-low-cost funds hold a combined $80+ billion in assets.

Active management comes at a steep premium

The average passive index ETF charges roughly 0.20-0.30%. The average actively managed ETF charges 0.70-1.00%. That's a 3-5x fee premium. For the active fund to justify its cost, it needs to outperform the index by at least the fee difference — consistently, year after year. Most don't.

The most expensive ETFs are niche and complex

The top of the fee table is dominated by inverse/leveraged products (BBOZ, BBUS, BEAR at 1.38-1.48%), currency strategies, and small boutique managers. These are specialist tools, not core holdings. The Hejaz Equities Fund (ISLM) at 1.89% is the most expensive ETF on the ASX — it applies Sharia-compliant investment screening.

Fees compound ruthlessly over time

Here's what fees do to a $100,000 investment over 25 years, assuming 8% annual returns before fees:

MER	Annual Fee on $100K	Value After 25 Years	Lost to Fees
0.04% (A200)	$40	$673,000	$12,000
0.18% (VGS)	$180	$647,000	$38,000
0.45% (median)	$450	$601,000	$84,000
0.85% (DIVI)	$850	$539,000	$146,000
1.35% (MGOC)	$1,350	$473,000	$212,000

The difference between the cheapest and a mid-range active fund is $134,000 over 25 years on a single $100,000 investment. That's not a rounding error — it's a decade of retirement income.

Low fees don't guarantee good returns — but high fees almost guarantee worse ones

The correlation between low fees and strong long-term returns is well-documented globally. In the Australian ETF market, the pattern holds: the cheapest broad-market ETFs (A200, IOZ, VAS) have consistently delivered returns within 1-2% of each other over 5 years. Meanwhile, many active funds charging 0.80%+ have underperformed the index they're trying to beat.

That doesn't mean every cheap ETF is good or every expensive ETF is bad. A thematic ETF charging 0.65% that gives you targeted exposure to semiconductors or defence is doing something different from a broad index fund. The question is always: what am I paying for, and is it worth it?

Research every ETF in this ranking on ReviewETF — compare holdings, performance, and sector breakdowns side by side.

Sources: CBOE Australia Monthly Funds Report (February 2026), ReviewETF.com.au.

This article is general information only and does not constitute financial advice. Consider your own circumstances and seek professional advice before making investment decisions.