Firetrail S3 Global Opportunities Fund - Active ETF (S3GO) Review & Analysis

MER · #403 of 514AUM · #410 of 5081Y Return · Top 25%3Y Return · Top 25%

What's new this monthData to 30 September 2026

+2.6% in September (total return), ahead of the median international shares ETF at +0.0%.
Investors withdrew a net $1.1m (-5.1% of the fund).
The unit price closed the month at $6.75, 5% below its 12-month high (range $5.91 to $7.13).

About S3GO

S3GO is an international shares ETF from Firetrail, listed on the ASX since October 2022. With $20m under management it is number 207 of 254 international shares ETFs by size. The management fee is 0.72% a year, about $72 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over the past year it returned +13.7%, against +10.4% for the median international shares ETF.

S3GO distributions and dividend dates

The latest distribution was $0.4965 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 13 July 2026. To receive it you need to own S3GO before the ex-date.

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

Compare S3GO Check overlap Firetrail website ↗

Compare S3GO with

S3GOvsOPPT

Magellan Global Opportunities Fund - Active ETF

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

Same holdingsNo holdings data

Full comparison →

S3GOvsRGOS

Russell Sust Global Opportunities Complex ETF

Fee	0.72%	0.95%
1 year	+13.7%	+12.3%
5 yrs p.a.	–	–
Size	$20m	$45m

Same holdingsNo holdings data

Full comparison →

S3GOvsASAO

abrdn Sustainable Asian Opportunities Active ETF

Fee	0.72%	1.18%
1 year	+13.7%	+22.6%
5 yrs p.a.	–	–
Size	$20m	$1.8m

Same holdingsNo holdings data

Full comparison →

S3GOvsVGS

Vanguard MSCI Index International Shares ETF

Fee	0.72%	0.18%
1 year	+13.7%	+10.1%
5 yrs p.a.	–	+11.8%
Size	$20m	$18.7bn

Same holdingsNo holdings data

Full comparison →

S3GO price by TradingView

Stock Code	S3GO
Fund Manager	Firetrail
Asset Class	International shares
AUM	$20m
MER (%)	0.72%
Net flows (Sep)	−$1.1m
Last Price	$6.75
52-Week Range	$5.91 – $7.13
Bid/Ask Spread	0.37%
Listing Date	11/10/2022
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Firetrail ↗

Performance (% return)

1 month+2.6%

1 year+13.7%

3 years p.a.+17.9%

5 years p.a.–

$10,000 invested…

1 year ago$11,3663 years ago$16,377

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.

S3GO at a glance: strengths and things to watch

👍 Strengths

Ahead of its peers. +17.9% a year over 3 years, against +15.4% for the median international shares ETF.

⚠️ Things to watch

Small fund. With $20m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
Wider trading spread. 0.37% between the buy and sell price. Use a limit order.

Worked out from S3GO'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

Base since 23 Oct 2026

S3GO is in a base. Here's why that matters.

S3GO'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 →

UptrendBaseDowntrend

S3GO weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Exposure Regions

Global

Themes & Sectors

Active ETFs

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
OPPT	Magellan Global Opportunities Fund - Active ETF Active	–	0.75%	$297m	+0.0%	+12.2%	+4.8%
RGOS	Russell Sust Global Opportunities Complex ETF	–	0.95%	$45m	+12.3%	–	–
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 S3GO's money in companies the other ETF also holds, weighted by size. No other ETF shares much with S3GO, so these are ETFs in the same category. See every ETF like S3GO →

S3GO vs its closest alternatives

What actually differs between S3GO and the ETFs most like it. Data to 30 Sep 2026.

OPPT Magellan 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: S3GO +17.9%, OPPT +12.2% (S3GO ahead by 5.7 percentage points).
OPPT is much larger ($297m vs $20m), which usually means tighter trading spreads.

Compare S3GO and OPPT side by side →

RGOS Russell Sust Global Opportunities Complex ETF

S3GO is cheaper (0.72% vs 0.95%), worth about $14,336 on $100,000 over 20 years.
Over 1 year: S3GO +13.7%, RGOS +12.3% (S3GO ahead by 1.3 percentage points).
RGOS is about 2 times larger ($45m vs $20m), which usually means tighter trading spreads.
Different structure: S3GO is actively managed, RGOS is a standard fund.

Compare S3GO and RGOS side by side →

ASAO abrdn Sustainable Asian Opportunities Active ETF

S3GO is cheaper (0.72% vs 1.18%), worth about $28,094 on $100,000 over 20 years.
Over 3 years, a year: S3GO +17.9%, ASAO +17.7% (almost identical).
S3GO is much larger ($20m vs $1.8m), which usually means tighter trading spreads.

Compare S3GO and ASAO side by side →

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

S3GO FAQs

What is the fee for S3GO?

S3GO charges a management fee (MER) of 0.72% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is S3GO?

S3GO had $20m in funds under management as at 30 September 2026.

How has S3GO performed?

S3GO returned +13.7% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +17.9% a year. Past performance is not a reliable indicator of future performance.

Who manages S3GO?

S3GO is managed by Firetrail and has been listed since October 2022.

Is S3GO franked?

Generally no. S3GO invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

Is S3GO currency hedged?

No, S3GO 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 Firetrail product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.