Schroder Global Equity Alpha Fund - Active ETF (ALPH) Review & Analysis

MER · #364 of 514AUM · #438 of 5081Y Return · Top 50%

What's new this monthData to 30 September 2026

+0.2% in September (total return), in line with the median international shares ETF at +0.0%.
Investors added a net $2.1m (22.8% of the fund).
The unit price closed the month at $11.70, 2% below its 12-month high (range $9.99 to $11.91).

About ALPH

ALPH is an international shares ETF from Schroders, listed on the ASX since December 2024. With $11m under management it is number 224 of 254 international shares ETFs by size. The management fee is 0.65% a year, about $65 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over the past year it returned +5.7%, against +10.4% for the median international shares ETF.

ALPH distributions and dividend dates

ALPH pays distributions half-yearly, usually going ex-distribution in January and July, with payment about 13 days after the ex-date. (Pattern estimated from recent payments.)

The latest distribution was $0.0433 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 14 July 2026. To receive it you need to own ALPH before the ex-date.

Its distribution yield over the past 12 months is about 0.7%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare ALPH Check overlap Schroders website ↗

Compare ALPH with

ALPHvsV1AC

Vinva Global Alpha Fund

Fee	0.65%	0.89%
1 year	+5.7%	−4.2%
5 yrs p.a.	–	+6.2%
Size	$11m	$3.9bn

Same holdingsNo holdings data

Full comparison →

ALPHvsPGA1

Plato Global Alpha Fund Complex ETF

Fee	0.65%	0.88%
1 year	+5.7%	+18.0%
5 yrs p.a.	–	–
Size	$11m	$2.0bn

Same holdingsNo holdings data

Full comparison →

ALPHvsCORE

Schroder Global CORE Fund - Active ETF

Fee	0.65%	0.25%
1 year	+5.7%	+11.2%
5 yrs p.a.	–	–
Size	$11m	$70m

Same holdingsNo holdings data

Full comparison →

ALPHvsVGS

Vanguard MSCI Index International Shares ETF

Fee	0.65%	0.18%
1 year	+5.7%	+10.1%
5 yrs p.a.	–	+11.8%
Size	$11m	$18.7bn

Same holdingsNo holdings data

Full comparison →

ALPH price by TradingView

Stock Code	ALPH
Fund Manager	Schroders
Asset Class	International shares
AUM	$11m
MER (%)	0.65%
Net flows (Sep)	+$2.1m
Last Price	$11.70
52-Week Range	$9.99 – $11.91
Bid/Ask Spread	0.78%
Listing Date	09/12/2024
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Schroders ↗

Performance (% return)

1 month+0.2%

1 year+5.7%

3 years p.a.–

5 years p.a.–

$10,000 invested…

1 year ago$10,571

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

ALPH at a glance: strengths and things to watch

👍 Strengths

Nothing stands out against its category.

⚠️ Things to watch

Small fund. With $11m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
Wider trading spread. 0.78% between the buy and sell price. Use a limit order.
Short track record. Listed in December 2024, so it hasn't been tested through a full market cycle.

Worked out from ALPH's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 30 Oct 2026

ALPH is in a base. Here's why that matters.

ALPH's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 4.3% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

ALPH weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Exposure Regions

Global

Themes & Sectors

Active ETFs

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
V1AC	Vinva Global Alpha Fund	–	0.89%	$3.9bn	−4.2%	+11.1%	+6.2%
PGA1	Plato Global Alpha Fund Complex ETF	–	0.88%	$2.0bn	+18.0%	–	–
CORE	Schroder Global CORE Fund - Active ETF Active	–	0.25%	$70m	+11.2%	–	–
VGS	Vanguard MSCI Index International Shares ETF	–	0.18%	$18.7bn	+10.1%	+17.9%	+11.8%
IVV	iShares S&P 500 ETF	–	0.04%	$14.9bn	+10.1%	+19.2%	+13.4%
NDQ	Betashares Nasdaq 100 ETF	–	0.48%	$9.5bn	+16.6%	+23.8%	+15.3%

Same holdings is the share of ALPH's money in companies the other ETF also holds, weighted by size. No other ETF shares much with ALPH, so these are ETFs in the same category. See every ETF like ALPH →

ALPH vs its closest alternatives

What actually differs between ALPH and the ETFs most like it. Data to 30 Sep 2026.

V1AC Vinva Global Alpha Fund

ALPH is cheaper (0.65% vs 0.89%), worth about $15,135 on $100,000 over 20 years.
Over 1 year: ALPH +5.7%, V1AC −4.2% (ALPH ahead by 9.9 percentage points).
V1AC is much larger ($3.9bn vs $11m), which usually means tighter trading spreads.
Different structure: ALPH is actively managed, V1AC is a standard fund.

Compare ALPH and V1AC side by side →

PGA1 Plato Global Alpha Fund Complex ETF

ALPH is cheaper (0.65% vs 0.88%), worth about $14,517 on $100,000 over 20 years.
Over 1 year: ALPH +5.7%, PGA1 +18.0% (PGA1 ahead by 12.3 percentage points).
PGA1 is much larger ($2.0bn vs $11m), which usually means tighter trading spreads.
Different structure: ALPH is actively managed, PGA1 is a standard fund.

Compare ALPH and PGA1 side by side →

CORE Schroder Global CORE Fund - Active ETF

CORE is cheaper (0.25% vs 0.65%), worth about $26,711 on $100,000 over 20 years.
Over 1 year: ALPH +5.7%, CORE +11.2% (CORE ahead by 5.5 percentage points).
CORE is about 6 times larger ($70m vs $11m), which usually means tighter trading spreads.

Compare ALPH and CORE side by side →

General information only. Past performance is not a reliable indicator of future performance.

ALPH FAQs

What is the fee for ALPH?

ALPH charges a management fee (MER) of 0.65% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is ALPH?

ALPH had $11m in funds under management as at 30 September 2026.

How has ALPH performed?

ALPH returned +5.7% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages ALPH?

ALPH is managed by Schroders and has been listed since December 2024.

Is ALPH franked?

Generally no. ALPH invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

Is ALPH currency hedged?

No, ALPH is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Schroders product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.