Betashares Geared Australian Bond ETF (GGAB) Review & Analysis

MER · #456 of 514AUM · #461 of 5081Y Return · #397 of 426

What's new this monthData to 30 September 2026

−4.6% in September (total return), behind the median Australian bonds ETF at −0.4%.
Investors added a net $0.9m (22.2% of the fund).
The unit price closed the month at $17.99, near its 12-month low (range $17.62 to $22.25).

About GGAB

GGAB is an Australian bonds ETF from Betashares, listed on the ASX since December 2023. With $5.0m under management it is number 54 of 59 Australian bonds ETFs by size. The management fee is 0.99% a year, about $99 on every $10,000 invested, dearer than the typical Australian bonds ETF at 0.25%.

Over the past year it returned −14.4%, against +0.7% for the median Australian bonds ETF. With its focus on bonds & fixed income, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.

GGAB distributions and dividend dates

The latest distribution was $0.6422 per unit (0% franked), ex-distribution on 1 July 2025 and paid on 16 July 2025. To receive it you need to own GGAB before the ex-date.

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

Compare GGAB Check overlap Betashares website ↗

Compare GGAB with

GGABvsBBAB

Betashares Geared Short Australian Government Bond ETF (Hedge Fund)

Fee	0.99%	0.99%
1 year	−14.4%	+21.5%
5 yrs p.a.	–	–
Size	$5.0m	$2.7m

Same holdingsNo holdings data

Full comparison →

GGABvsIAF

iShares Core Composite Bond ETF

Fee	0.99%	0.10%
1 year	−14.4%	−0.4%
5 yrs p.a.	–	−0.2%
Size	$5.0m	$3.7bn

Same holdingsNo holdings data

Full comparison →

GGABvsQPON

Betashares Australian Bank Senior Floating Rate Bond ETF

Fee	0.99%	0.22%
1 year	−14.4%	+4.6%
5 yrs p.a.	–	+3.8%
Size	$5.0m	$2.4bn

Same holdingsNo holdings data

Full comparison →

GGABvsCRED

Betashares Australian Investment Grade Corporate Bond ETF

Fee	0.99%	0.25%
1 year	−14.4%	−1.2%
5 yrs p.a.	–	+0.5%
Size	$5.0m	$1.9bn

Same holdingsNo holdings data

Full comparison →

GGAB price by TradingView

Stock Code	GGAB
Fund Manager	Betashares
Asset Class	Australian bonds
AUM	$5.0m
MER (%)	0.99%
Net flows (Sep)	+$0.9m
Last Price	$17.99
52-Week Range	$17.62 – $22.25
Bid/Ask Spread	0.29%
Listing Date	06/12/2023
Exchange	ASX
Index	Not yet in our data. See the PDS
Issuer website	Betashares ↗

Performance (% return)

1 month−4.6%

1 year−14.4%

3 years p.a.–

5 years p.a.–

$10,000 invested…

1 year ago$8,559

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.

GGAB at a glance: strengths and things to watch

👍 Strengths

Nothing stands out against its category.

⚠️ Things to watch

Higher fee. At 0.99% a year it costs more than 97% of Australian bonds ETFs (median 0.25%), or about $74 a year more on every $10,000.
Small fund. With $5.0m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
Short track record. Listed in December 2023, so it hasn't been tested through a full market cycle.
Geared. It uses borrowing to magnify gains and losses. Over time, choppy markets can wear the value down, so it suits experienced, short-term investors.

Worked out from GGAB's fees, size, flows, returns and trend against the 59 Australian bonds ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 16 Oct 2026

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

GGAB's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

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 →

Why no chart? Bond, cash and currency fund prices drop each time a distribution is paid, so a price chart makes them look worse than they are. Check the total returns above instead.

Investment Focus

Themes & Sectors

Geared Active ETFs Bonds & fixed income

Portfolio Breakdown

Sector breakdown

Bonds & cash100.0%

Holdings from the issuer's published portfolio. Compare GGAB'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.

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
BBAB	Betashares Geared Short Australian Government Bond ETF (Hedge Fund) Geared	–	0.99%	$2.7m	+21.5%	–	–
IAF	iShares Core Composite Bond ETF	–	0.10%	$3.7bn	−0.4%	+3.4%	−0.2%
QPON	Betashares Australian Bank Senior Floating Rate Bond ETF	–	0.22%	$2.4bn	+4.6%	+5.0%	+3.8%
CRED	Betashares Australian Investment Grade Corporate Bond ETF	–	0.25%	$1.9bn	−1.2%	+5.7%	+0.5%
OZBD	Betashares Australian Composite Bond ETF	–	0.19%	$1.5bn	−0.8%	+4.1%	–
VGB	Vanguard Australian Government Bond Index ETF	–	0.16%	$1.4bn	−0.7%	+3.2%	−0.5%

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

GGAB vs its closest alternatives

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

IAF iShares Core Composite Bond ETF

IAF is cheaper (0.10% vs 0.99%), worth about $58,480 on $100,000 over 20 years.
Over 1 year: GGAB −14.4%, IAF −0.4% (IAF ahead by 14.0 percentage points).
IAF is much larger ($3.7bn vs $5.0m), which usually means tighter trading spreads.
Different structure: GGAB is a geared fund, IAF is a standard fund.

Compare GGAB and IAF side by side →

QPON Betashares Australian Bank Senior Floating Rate Bond ETF

QPON is cheaper (0.22% vs 0.99%), worth about $50,044 on $100,000 over 20 years.
Over 1 year: GGAB −14.4%, QPON +4.6% (QPON ahead by 19.0 percentage points).
QPON is much larger ($2.4bn vs $5.0m), which usually means tighter trading spreads.
Different structure: GGAB is a geared fund, QPON is a standard fund.

Compare GGAB and QPON side by side →

CRED Betashares Australian Investment Grade Corporate Bond ETF

CRED is cheaper (0.25% vs 0.99%), worth about $47,962 on $100,000 over 20 years.
Over 1 year: GGAB −14.4%, CRED −1.2% (CRED ahead by 13.2 percentage points).
CRED is much larger ($1.9bn vs $5.0m), which usually means tighter trading spreads.
Different structure: GGAB is a geared fund, CRED is a standard fund.

Compare GGAB and CRED side by side →

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

GGAB FAQs

What is the fee for GGAB?

GGAB charges a management fee (MER) of 0.99% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is GGAB?

GGAB had $5.0m in funds under management as at 30 September 2026.

How has GGAB performed?

GGAB returned −14.4% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages GGAB?

GGAB is managed by Betashares and has been listed since December 2023.

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.