Betashares Ethical Diversified High Growth ETF (DZZF) Review & Analysis
MER · Top 50%AUM · #276 of 5081Y Return · #291 of 4263Y Return · #164 of 3005Y Return · #127 of 225
What's new this monthData to 30 September 2026
−1.2% in September (total return), behind the median diversified (all-in-one) ETF at −0.8%.
The unit price closed the month at $30.94, 5% below its 12-month high (range $27.56 to $32.68).
About DZZF
DZZF is a diversified (all-in-one) ETF from Betashares, listed on the ASX since December 2019. With $114m under management it is number 6 of 19 diversified (all-in-one) ETFs by size. The management fee is 0.39% a year, about $39 on every $10,000 invested, dearer than the typical diversified (all-in-one) ETF at 0.27%.
Its largest holdings are Bonds & cash, Visa Inc and Apple Inc, and the top 10 make up 28% of the fund. By sector it leans towards financials (22%) and information technology (20%). United States is the biggest country exposure at 42%.
Over five years it has returned +5.2% a year including distributions, against +4.8% for the median diversified (all-in-one) ETF. With its focus on ethical & esg, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.
DZZF distributions and dividend dates
DZZF pays distributions quarterly, usually going ex-distribution in January, April, July and October, with payment about 15 days after the ex-date.
The latest distribution was $0.0461 per unit (0% franked), ex-distribution on 1 October 2026 and paid on 16 October 2026. To receive it you need to own DZZF before the ex-date.
Its distribution yield over the past 12 months is about 2.5%, with distributions around 15% franked. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
1 year ago$9,9823 years ago$13,3355 years ago$12,871
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.
DZZF at a glance: strengths and things to watch
👍 Strengths
In an uptrend. Its price has been trending up since 22 October (as at 7 November).
⚠️ Things to watch
Nothing stands out against its category.
Worked out from DZZF's fees, size, flows, returns and trend against the 19 diversified (all-in-one) ETFs in Australia, to 30 September 2026. General information, not a recommendation.
DZZF's price is above its 20-day average and its 10, 20, 50 and 200-day averages are stacked upward. The trend is on investors' side. Its price is 2.2% below its 12-month high.
Why it matters: Uptrends are when satellite ETFs tend to do their best work. The key is knowing when the trend breaks, so gains aren't handed back.
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.
DZZF weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.
DZZF vs its benchmark
How DZZF has done against the Betashares composite benchmark (weighted indexes), after fees. For an index fund, a small shortfall roughly the size of the fee is normal.
Holdings from the issuer's published portfolio as at 30 October 2026. Breakdowns are based on the largest 279 positions, covering 100% of the fund. Compare DZZF's holdings with other ETFs →
Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.
Same holdings is the share of DZZF's money in companies the other ETF also holds, weighted by size. Most similar first, then ETFs in the same category. See every ETF like DZZF →
DZZF vs its closest alternatives
What actually differs between DZZF and the ETFs most like it. Data to 30 Sep 2026.
DZZF charges a management fee (MER) of 0.39% a year, according to the TMX Australia monthly funds report as at 30 September 2026.
How big is DZZF?
DZZF had $114m in funds under management as at 30 September 2026.
How has DZZF performed?
DZZF returned −0.2% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +10.1% a year. Past performance is not a reliable indicator of future performance.
Who manages DZZF?
DZZF is managed by Betashares and has been listed since December 2019.
Does DZZF pay monthly?
DZZF pays distributions four times a year, usually going ex-distribution in January, April, July and October. It does not pay monthly. If you want monthly income, see the ETF dividend calendar on ReviewETF for funds that pay every month.
When is the next DZZF distribution?
Based on its usual schedule, DZZF's next distribution should go ex around the start of January, with payment about 15 days later. Dates can move, so check Betashares' announcements to confirm.
What is DZZF's dividend yield?
DZZF's distribution yield over the past 12 months was about 2.6%. Yields change with the unit price and each payment, and are not a forecast.
Is DZZF franked?
Yes, partly. DZZF's distributions have typically been around 15% franked, because it holds Australian companies that pay tax here. Franking credits can reduce your tax, and in a pension-phase account they can be refunded as cash. Check Betashares' annual tax statement for the exact figure.
What does DZZF hold?
DZZF's largest holdings are Bonds & cash (10.1%), Visa Inc (2.5%), Apple Inc (2.4%), Mastercard Inc (2.3%), NVIDIA Corp (2.1%). It holds about 279 investments in total. The biggest sector is financials at 22%. Holdings as at 30 October 2026.
Disclaimer
This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Betashares product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.
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