Paradice Australian Mid Cap Fund Active ETF (M1DS) Review & Analysis

New ETF
MER Β· #433 of 514AUM Β· #319 of 508
What's new this monthData to 30 September 2026
  • βˆ’2.8% in September (total return), behind the median Australian shares ETF at βˆ’2.1%.
  • The unit price closed the month at $6.22, 14% below its 12-month high (range $5.82 to $7.25).

About M1DS

M1DS is an Australian shares ETF from Paradice, listed on the TMX Australia exchange since November 2025. With $68m under management it is number 54 of 81 Australian shares ETFs by size. The management fee is 0.90% a year, about $90 on every $10,000 invested, dearer than the typical Australian shares ETF at 0.35%.

It is too new to have a full year of performance.

Compare M1DS with

Stock CodeM1DS
Fund ManagerParadice
Asset ClassAustralian shares
AUM$68m
MER (%)0.90%
Net flows (Sep)βˆ’$0.1m
Last Price$6.22
52-Week Range$5.82 – $7.25
Bid/Ask Spread0.26%
Listing Date05/11/2025
ExchangeTMX Australia
Benchmark indexS&P/ASX Mid-Small Index
Issuer websiteParadice β†—

Performance (% return)

-3%-2%-1%0%1M-2.8%1Yn/a3Yn/a5Yn/a
1 monthβˆ’2.8%
1 year–
3 years p.a.–
5 years p.a.–

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

M1DS at a glance: strengths and things to watch

πŸ‘ Strengths

  • Nothing stands out against its category.

⚠️ Things to watch

  • Higher fee. At 0.90% a year it costs more than 83% of Australian shares ETFs (median 0.35%), or about $55 a year more on every $10,000.
  • Short track record. Listed in November 2025, so it hasn't been tested through a full market cycle.

Worked out from M1DS's fees, size, flows, returns and trend against the 83 Australian shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

Joshua StegaetfadviserTrend check
Not rated yet

Is M1DS in a base or a trend?

M1DS doesn't have enough price history yet (about 11 months) for a reliable trend reading, or it is a cash-like fund whose price barely moves.

Why it matters: Every ETF moves between bases and trends. Knowing which stage it is in helps decide when to buy a satellite, and when to wait.

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.

Why no chart? This ETF does not have a reliable 12-month price history yet.

Read more at etfadviser.com.au β†’

Investment Focus

Exposure Regions

Australia

Themes & Sectors

Active ETFs

Similar ETFs

CodeNameSame holdingsMERAUM1Y3Y p.a.5Y p.a.
TCAPTen Cap Alpha Plus Complex ETF–0.97%$4.4m–––
VASVanguard Australian Shares Index ETF–0.07%$26.7bn+2.2%+10.8%+6.5%
A200Betashares Australia 200 ETF–0.04%$11.1bn+2.9%+11.0%+6.9%
IOZiShares Core S&P/ASX 200 ETF–0.05%$9.7bn+2.6%+10.8%+6.8%
VHYVanguard Australian Shares High Yield ETF–0.25%$8.2bn+12.0%+13.5%+10.2%
DACEDimensional Australian Core Equity Trust – Active ETF Active–0.28%$7.2bn+4.9%––

Same holdings is the share of M1DS's money in companies the other ETF also holds, weighted by size. No other ETF shares much with M1DS, so these are ETFs in the same category. See every ETF like M1DS β†’

M1DS vs its closest alternatives

What actually differs between M1DS and the ETFs most like it. Data to 30 Sep 2026.

TCAP Ten Cap Alpha Plus Complex ETF

  • M1DS is cheaper (0.90% vs 0.97%), worth about $4,285 on $100,000 over 20 years.
  • M1DS is much larger ($68m vs $4.4m), which usually means tighter trading spreads.
  • Different structure: M1DS is actively managed, TCAP is a standard fund.

Compare M1DS and TCAP side by side β†’

VAS Vanguard Australian Shares Index ETF

  • VAS is cheaper (0.07% vs 0.90%), worth about $55,117 on $100,000 over 20 years.
  • VAS is much larger ($26.7bn vs $68m), which usually means tighter trading spreads.
  • Different structure: M1DS is actively managed, VAS is a standard fund.

Compare M1DS and VAS side by side β†’

A200 Betashares Australia 200 ETF

  • A200 is cheaper (0.04% vs 0.90%), worth about $57,266 on $100,000 over 20 years.
  • A200 is much larger ($11.1bn vs $68m), which usually means tighter trading spreads.
  • Different structure: M1DS is actively managed, A200 is a standard fund.

Compare M1DS and A200 side by side β†’

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

M1DS FAQs

What is the fee for M1DS?

M1DS charges a management fee (MER) of 0.90% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is M1DS?

M1DS had $68m in funds under management as at 30 September 2026.

Who manages M1DS?

M1DS is managed by Paradice and has been listed since November 2025.

Disclaimer

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