Magellan Global Opportunities Fund - Active ETF (OPPT) Review & Analysis

MER · #408 of 514AUM · Top 50%1Y Return · #285 of 4263Y Return · Top 50%5Y Return · #130 of 225

What's new this monthData to 30 September 2026

−0.3% in September (total return), behind the median international shares ETF at +0.0%.
Investors withdrew a net $4.6m (-1.5% of the fund).
The unit price closed the month at $1.71, 9% below its 12-month high (range $1.50 to $1.89).

About OPPT

OPPT is an international shares ETF from Magellan, listed on the ASX since August 2021. With $297m under management it is number 86 of 254 international shares ETFs by size. The management fee is 0.75% a year, about $75 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over five years it has returned +4.8% a year including distributions, against +8.8% for the median international shares ETF.

OPPT distributions and dividend dates

The latest distribution was $0.015 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 21 July 2026. To receive it you need to own OPPT before the ex-date.

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

Compare OPPT Check overlap Magellan website ↗

Compare OPPT with

OPPTvsRGOS

Russell Sust Global Opportunities Complex ETF

Fee	0.75%	0.95%
1 year	+0.0%	+12.3%
5 yrs p.a.	+4.8%	–
Size	$297m	$45m

Same holdingsNo holdings data

Full comparison →

OPPTvsS3GO

Firetrail S3 Global Opportunities Fund - Active ETF

Fee	0.75%	0.72%
1 year	+0.0%	+13.7%
5 yrs p.a.	+4.8%	–
Size	$297m	$20m

Same holdingsNo holdings data

Full comparison →

OPPTvsASAO

abrdn Sustainable Asian Opportunities Active ETF

Fee	0.75%	1.18%
1 year	+0.0%	+22.6%
5 yrs p.a.	+4.8%	–
Size	$297m	$1.8m

Same holdingsNo holdings data

Full comparison →

OPPTvsVGS

Vanguard MSCI Index International Shares ETF

Fee	0.75%	0.18%
1 year	+0.0%	+10.1%
5 yrs p.a.	+4.8%	+11.8%
Size	$297m	$18.7bn

Same holdingsNo holdings data

Full comparison →

OPPT price by TradingView

Stock Code	OPPT
Fund Manager	Magellan
Asset Class	International shares
AUM	$297m
MER (%)	0.75%
Net flows (Sep)	−$4.6m
Last Price	$1.71
52-Week Range	$1.50 – $1.89
Bid/Ask Spread	0.44%
Listing Date	31/08/2021
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Magellan ↗

Performance (% return)

1 month−0.3%

1 year+0.0%

3 years p.a.+12.2%

5 years p.a.+4.8%

$10,000 invested…

1 year ago$10,0003 years ago$14,1275 years ago$12,671

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.

OPPT at a glance: strengths and things to watch

👍 Strengths

In an uptrend. Its price has been trending up since 6 November (as at 7 November).

⚠️ Things to watch

Behind its peers. +4.8% a year over 5 years, against +8.8% for the median international shares ETF.
Wider trading spread. 0.44% between the buy and sell price. Use a limit order.

Worked out from OPPT'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

Uptrend since 6 Nov 2026

OPPT is in an uptrend. Here's why that matters.

OPPT'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 4.5% 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.

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

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

OPPT vs its benchmark

How OPPT 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.

	OPPT	Benchmark	Difference
1 year	+0.01%	+4.29%	-4.28%
3 years p.a.	+12.49%	+18.15%	-5.66%
5 years p.a.	+5.06%	+12.01%	-6.95%

Issuer figures to 31 October 2026, fund returns after fees. Source: InvestSMART (Morningstar data). 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.
RGOS	Russell Sust Global Opportunities Complex ETF	–	0.95%	$45m	+12.3%	–	–
S3GO	Firetrail S3 Global Opportunities Fund - Active ETF Active	–	0.72%	$20m	+13.7%	+17.9%	–
ASAO	abrdn Sustainable Asian Opportunities Active ETF Active	–	1.18%	$1.8m	+22.6%	+17.7%	–
VGS	Vanguard MSCI Index International Shares ETF	–	0.18%	$18.7bn	+10.1%	+17.9%	+11.8%
IVV	iShares S&P 500 ETF	–	0.04%	$14.9bn	+10.1%	+19.2%	+13.4%
NDQ	Betashares Nasdaq 100 ETF	–	0.48%	$9.5bn	+16.6%	+23.8%	+15.3%

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

OPPT vs its closest alternatives

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

RGOS Russell Sust Global Opportunities Complex ETF

OPPT is cheaper (0.75% vs 0.95%), worth about $12,433 on $100,000 over 20 years.
Over 1 year: OPPT +0.0%, RGOS +12.3% (RGOS ahead by 12.3 percentage points).
OPPT is about 7 times larger ($297m vs $45m), which usually means tighter trading spreads.
Different structure: OPPT is actively managed, RGOS is a standard fund.

Compare OPPT and RGOS side by side →

S3GO Firetrail S3 Global Opportunities Fund - Active ETF

S3GO is cheaper (0.72% vs 0.75%), worth about $1,904 on $100,000 over 20 years.
Over 3 years, a year: OPPT +12.2%, S3GO +17.9% (S3GO ahead by 5.7 percentage points).
OPPT is much larger ($297m vs $20m), which usually means tighter trading spreads.

Compare OPPT and S3GO side by side →

ASAO abrdn Sustainable Asian Opportunities Active ETF

OPPT is cheaper (0.75% vs 1.18%), worth about $26,190 on $100,000 over 20 years.
Over 3 years, a year: OPPT +12.2%, ASAO +17.7% (ASAO ahead by 5.5 percentage points).
OPPT is much larger ($297m vs $1.8m), which usually means tighter trading spreads.

Compare OPPT and ASAO side by side →

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

OPPT FAQs

What is the fee for OPPT?

OPPT charges a management fee (MER) of 0.75% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is OPPT?

OPPT had $297m in funds under management as at 30 September 2026.

How has OPPT performed?

OPPT returned +0.0% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +12.2% a year. Past performance is not a reliable indicator of future performance.

Who manages OPPT?

OPPT is managed by Magellan and has been listed since August 2021.

Is OPPT franked?

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

Is OPPT currency hedged?

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