Munro Concentrated Global Growth Active ETF - Managed Fund

Fund Objective

The Fund’s investment strategy is to invest in a concentrated portfolio of 20 to 40 investments from around the world, excluding Australia. Munro will focus on identifying and investing in global companies that have the potential to grow at a faster rate and a more sustainable basis than the overall market.

Fund Strategy

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-3.84%	-8.38%	-3.07%	6.79%	25.35%	28.63%	-%	-%
Growth return	-3.84%	-8.38%	-3.07%	-9.16%	12.86%	19.53%	-%	-%
Income return	0%	0%	0%	15.95%	12.49%	9.1%	-%	-%
Market index (MSCI World Ex Australia NR AUD)
Total return	-0.9%	2.55%	8.85%	12.53%	21.5%	22.08%	15.57%	13.23%

As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Munro Concentrated Global Growth Active ETF

Australian Equities: 47.64%

International Equities: 47.64%

Cash: 4.72%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 64.54%

International Equities: 33.72%

Cash: 1.25%

Property & Infrastructure: 0.24%

Fixed Interest: -0.01%

Alternatives: 0.26%

General Information

Fund Details

Type	Description
Fund Name	Munro Concentrated Global Growth Active ETF
APIR Code	GSF4817AU
Sector/Asset Class	Equity World Large Growth
Morningstar Rating	(as at 31 Dec 2025)
Legal Structure	Investment Fund
Fund Inception	3 Feb 2022
Fund Size	$87389761 million (as at 31 Dec 2025)
Entry Price	$14.5975 (as at 30 Jan 2026)
Exit Price	$14.5975 (as at 30 Jan 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.40% (as at 21 Oct 2024)
Indirect Cost Ratio (ICR)	1.54% (as at 30 Jun 2025)
Performance fee (not included in ICR)	0.84
Savings plan comments
Redemption comments

Top 10 holdings (as at 31 Dec 2025)

Holding (as at 31 Dec 2025)	Type	% of Portfolio
NVIDIA Corp	Equity	7.03%
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FAQs about the Munro Concentrated Global Growth Active ETF

What is the objective of the Munro Concentrated Global Growth Active ETF managed fund?

The objective of the Munro Concentrated Global Growth Active ETF managed fund is The Fund’s investment strategy is to invest in a concentrated portfolio of 20 to 40 investments from around the world, excluding Australia. Munro will focus on identifying and investing in global companies that have the potential to grow at a faster rate and a more sustainable basis than the overall market.

What is the strategy for the Munro Concentrated Global Growth Active ETF managed fund?

The strategy of the Munro Concentrated Global Growth Active ETF managed fund is The Fund’s investment strategy is to invest in a concentrated portfolio of 20 to 40 investments from around the world, excluding Australia. Munro will focus on identifying and investing in global companies that have the potential to grow at a faster rate and a more sustainable basis than the overall market.

What is the APIR code of the Munro Concentrated Global Growth Active ETF managed fund?

The APIR code of the Munro Concentrated Global Growth Active ETF managed fund is GSF4817AU.

What was Munro Concentrated Global Growth Active ETF’s total return last month?

Munro Concentrated Global Growth Active ETF’s total return last month was -3.84%. This was made up of a growth return of -3.84% and an income return of 0%. These returns were calculated as at 31 Jan 2026.

What was Munro Concentrated Global Growth Active ETF’s total return for the last three months?

Munro Concentrated Global Growth Active ETF’s total return for the last three months was -8.38%. This was made up of a growth return of -8.38% and an income return of 0%%. These returns were calculated as at 31 Jan 2026.

What is Munro Concentrated Global Growth Active ETF’s one-year total return?

Munro Concentrated Global Growth Active ETF’s one-year total return is 6.79%. This was made up of a growth return of -9.16% and an income return of 15.95%. These returns were calculated as at 31 Jan 2026.

What is Munro Concentrated Global Growth Active ETF’s three-year total return?

Munro Concentrated Global Growth Active ETF’s one-year total return is 28.63%. This was made up of a growth return of 19.53% and an income return of 9.1%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the Munro Concentrated Global Growth Active ETF managed fund?

The asset allocation of the Munro Concentrated Global Growth Active ETF managed fund is :

Australian Equities: 47.64%

International Equities: 47.64%

Cash: 4.72%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Munro Concentrated Global Growth Active ETF managed fund belong to?

The Munro Concentrated Global Growth Active ETF managed fund belongs to the Equity World Large Growth sector/asset class.

What is the size of the Munro Concentrated Global Growth Active ETF managed fund?

As at 31 Dec 2025, the size of the Munro Concentrated Global Growth Active ETF managed fund was $87389761 million.

What is the inception date of the Munro Concentrated Global Growth Active ETF managed fund?

The Munro Concentrated Global Growth Active ETF managed fund has an inception date of 3 Feb 2022.

What is the current entry price of the Munro Concentrated Global Growth Active ETF managed fund?

The current entry price of the Munro Concentrated Global Growth Active ETF managed fund is $14.5975 per unit and the current exit price is $14.5975 per unit (as at 30 Jan 2026).

What is the current exit price of the Munro Concentrated Global Growth Active ETF managed fund?

The current exit price of the Munro Concentrated Global Growth Active ETF managed fund is $14.5975 per unit and the current entry price is $14.5975 per unit (as at 30 Jan 2026).

What is the minimum investment amount for the Munro Concentrated Global Growth Active ETF managed fund?

The minimum initial investment amount for the Munro Concentrated Global Growth Active ETF managed fund is $.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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