Betashares Australian Ex-20 Portfolio Diversifier ETF (EX20) Review & Analysis
- −3.4% in September (total return), behind the median Australian shares ETF at −2.1%.
- The unit price closed the month at $22.37, 10% below its 12-month high (range $20.45 to $24.97).
About EX20
EX20 holds the large and mid-sized Australian companies that sit outside the top 20 on the ASX. It tracks the Nasdaq Australia Completion Cap Index, which is essentially the ASX 200 with its 20 biggest companies removed, and is passively managed, holding around 180 stocks.
Leaving out the giants changes the fund's shape. BHP, Commonwealth Bank and the other major banks are gone, so EX20 is far less concentrated in banks and big miners than a standard Australian fund. Instead it is spread across gold and other mining companies, insurers, industrial businesses, health care, property trusts and technology, with no single holding dominating. These companies can grow faster than the blue chips but are also more volatile. Dividends are usually franked, though often less generous than the top 20, and there is no currency risk.
EX20 is often used alongside a top 20 fund, or to balance an existing portfolio of bank and mining shares. Alternatives include XX20, and ILC covers the top 20 itself; see EX20 vs XX20 and ILC vs EX20.
EX20 distributions and dividend dates
EX20 pays distributions half-yearly, usually going ex-distribution in January and July, with payment about 15 days after the ex-date. (Pattern estimated from recent payments.)
The latest distribution was $0.3538 per unit (46% franked), ex-distribution on 1 July 2026 and paid on 16 July 2026. To receive it you need to own EX20 before the ex-date.
Its distribution yield over the past 12 months is about 2.7%, with distributions around 46% 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.
Compare EX20 with
| Fee | 0.25% | 0.75% |
| 1 year | −4.5% | – |
| 5 yrs p.a. | +4.2% | – |
| Size | $676m | $115m |
| Fee | 0.25% | 0.24% |
| 1 year | −4.5% | +6.2% |
| 5 yrs p.a. | +4.2% | +7.9% |
| Size | $676m | $793m |
| Fee | 0.25% | 0.76% |
| 1 year | −4.5% | +1.8% |
| 5 yrs p.a. | +4.2% | +5.6% |
| Size | $676m | $696m |
| Fee | 0.25% | 0.34% |
| 1 year | −4.5% | −0.9% |
| 5 yrs p.a. | +4.2% | +9.5% |
| Size | $676m | $34m |
EX20 price by TradingView
| Stock Code | EX20 |
|---|---|
| Fund Manager | Betashares |
| Asset Class | Australian shares |
| AUM | $676m |
| MER (%) | 0.25% |
| Net flows (Sep) | $0.0m |
| Last Price | $22.37 |
| 52-Week Range | $20.45 – $24.97 |
| Bid/Ask Spread | 0.09% |
| Listing Date | 07/10/2016 |
| Exchange | ASX |
| Index | Not yet in our data. See the PDS |
| Issuer website | Betashares ↗ |
Performance (% return)
$10,000 invested…
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.
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