Munro Concentrated Global Growth Active ETF (MCGG) Review & Analysis

MER · #396 of 514AUM · Top 50%1Y Return · #225 of 4263Y Return · Top 10%

What's new this monthData to 30 September 2026

+1.2% in September (total return), ahead of the median international shares ETF at +0.0%.
Investors added a net $4.0m (2.7% of the fund).
The unit price closed the month at $14.22, 19% below its 12-month high (range $13.41 to $17.59).

About MCGG

MCGG is an international shares ETF from Munro, listed on the ASX since February 2022. With $152m under management it is number 121 of 254 international shares ETFs by size. The management fee is 0.70% a year, about $70 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over the past year it returned +3.4%, against +10.4% for the median international shares ETF.

MCGG distributions and dividend dates

The latest distribution was $1.5321 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 22 July 2026. To receive it you need to own MCGG before the ex-date.

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

Compare MCGG Check overlap Munro website ↗

Compare MCGG with

MCGGvsMAET

Munro Global Growth Fund Complex ETF

Fee	0.70%	1.35%
1 year	+3.4%	+2.2%
5 yrs p.a.	–	+8.1%
Size	$152m	$374m

Same holdingsNo holdings data

Full comparison →

MCGGvsHYGG

Hyperion Global Growth Companies Fund - Active ETF

Fee	0.70%	0.70%
1 year	+3.4%	−5.9%
5 yrs p.a.	–	+8.9%
Size	$152m	$3.4bn

Same holdingsNo holdings data

Full comparison →

MCGGvsVDAL

Vanguard Diversified All Growth Index ETF

Fee	0.70%	0.27%
1 year	+3.4%	+8.8%
5 yrs p.a.	–	–
Size	$152m	$515m

Same holdingsNo holdings data

Full comparison →

MCGGvsWCMQ

WCM Quality Global Growth Fund – Active ETF

Fee	0.70%	1.25%
1 year	+3.4%	+3.7%
5 yrs p.a.	–	+10.2%
Size	$152m	$403m

Same holdingsNo holdings data

Full comparison →

MCGG price by TradingView

Stock Code	MCGG
Fund Manager	Munro
Asset Class	International shares
AUM	$152m
MER (%)	0.70%
Net flows (Sep)	+$4.0m
Last Price	$14.22
52-Week Range	$13.41 – $17.59
Bid/Ask Spread	0.33%
Listing Date	03/02/2022
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Munro ↗

Performance (% return)

1 month+1.2%

1 year+3.4%

3 years p.a.+24.0%

5 years p.a.–

$10,000 invested…

1 year ago$10,3363 years ago$19,073

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.

MCGG at a glance: strengths and things to watch

👍 Strengths

Ahead of its peers. +24.0% a year over 3 years, against +15.4% for the median international shares ETF.

⚠️ Things to watch

In a downtrend. Its price has been trending down since 22 October (as at 7 November).

Worked out from MCGG'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

Downtrend since 22 Oct 2026

MCGG is in a downtrend. Here's why that matters.

MCGG's price is below its 20-day average and its averages are stacked downward.

Why it matters: Downtrends can run for months, and that is where most big losses happen. For satellite holdings, waiting in cash until the trend turns has often been the better choice.

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

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

MCGG vs its benchmark

How MCGG has done against the MSCI World ex Australia Index (net, AUD), after fees. For an active fund, this shows whether the manager has added value after fees.

	MCGG	Benchmark	Difference
1 year	-9.09%	+4.29%	-13.38%
3 years p.a.	+21.45%	+18.15%	+3.30%

Issuer figures to 31 October 2026, fund returns after fees. Source: Munro. Compare more ETFs vs their benchmark →

Investment Focus

Exposure Regions

Global

Themes & Sectors

Active ETFs

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
MAET	Munro Global Growth Fund Complex ETF	–	1.35%	$374m	+2.2%	+19.5%	+8.1%
HYGG	Hyperion Global Growth Companies Fund - Active ETF Active	–	0.70%	$3.4bn	−5.9%	+20.9%	+8.9%
VDAL	Vanguard Diversified All Growth Index ETF	–	0.27%	$515m	+8.8%	–	–
WCMQ	WCM Quality Global Growth Fund – Active ETF Active	–	1.25%	$403m	+3.7%	+23.8%	+10.2%
MCCL	Munro Climate Change Leaders Fund Active ETF Active	–	0.90%	$250m	+16.9%	+32.7%	–
LHGG	Lakehouse Global Growth Fund Active ETF Active	–	1.30%	$234m	−24.9%	–	–

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

MCGG vs its closest alternatives

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

MAET Munro Global Growth Fund Complex ETF

MCGG is cheaper (0.70% vs 1.35%), worth about $39,178 on $100,000 over 20 years.
Over 3 years, a year: MCGG +24.0%, MAET +19.5% (MCGG ahead by 4.5 percentage points).
MAET is about 2 times larger ($374m vs $152m), which usually means tighter trading spreads.
Different structure: MCGG is actively managed, MAET is a standard fund.

Full MCGG vs MAET comparison →

HYGG Hyperion Global Growth Companies Fund - Active ETF

Both charge the same fee (0.70%).
Over 3 years, a year: MCGG +24.0%, HYGG +20.9% (MCGG ahead by 3.1 percentage points).
HYGG is much larger ($3.4bn vs $152m), which usually means tighter trading spreads.

Compare MCGG and HYGG side by side →

VDAL Vanguard Diversified All Growth Index ETF

VDAL is cheaper (0.27% vs 0.70%), worth about $28,537 on $100,000 over 20 years.
Over 1 year: MCGG +3.4%, VDAL +8.8% (VDAL ahead by 5.5 percentage points).
VDAL is about 3 times larger ($515m vs $152m), which usually means tighter trading spreads.
Different structure: MCGG is actively managed, VDAL is a standard fund.

Compare MCGG and VDAL side by side →

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

Popular comparisons

MAET vs MCGG

MCGG FAQs

What is the fee for MCGG?

MCGG charges a management fee (MER) of 0.70% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is MCGG?

MCGG had $152m in funds under management as at 30 September 2026.

How has MCGG performed?

MCGG returned +3.4% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +24.0% a year. Past performance is not a reliable indicator of future performance.

Who manages MCGG?

MCGG is managed by Munro and has been listed since February 2022.

Is MCGG franked?

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

Is MCGG currency hedged?

No, MCGG 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 Munro product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.