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FUTURE GENERATION GLOBAL LIMITED Net Asset Value 2026
64914_rns_2026-05-13_7e229626-1f55-4be7-b011-6980f21f91c2.pdf
Net Asset Value
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April 2026
Investment Update
Future Generation Global
DO WELL. DO GOOD.
Net Tangible Assets (NTA) per share before tax
April 2026
167.61c
March 2026
161.14c
The April NTA is before the fully franked final dividend of 4.0 cents per share payable on 27 May 2026 and the special fully franked dividend of 3.0 cents per share payable on 26 June 2026. The shares traded ex-dividend on 11 May 2026 for the final dividend and will trade ex-dividend on 11 June 2026 for the special dividend.
The net current and deferred tax asset/(liability) position of the Company for April 2026 is (12.63) cents per share.
Investment update
The Future Generation Global (ASX: FGG) investment portfolio rose 4.1% in April, while the MSCI AC World Index (AUD) increased 5.6%. Over the last three years the investment portfolio has increased 13.0% per annum.
Since inception the investment portfolio has increased 9.2% per annum. This has been achieved with lower volatility¹ of 9.7% compared to the MSCI AC World Index (AUD) of 10.6%.
The investment portfolio remains highly diversified by manager, strategy, style and underlying securities.
12-month investment portfolio performance²
9.4%
Assets
$678.1m
Month-end share price
(at 30 April 2026)
$1.675
Research ratings
MSCI AC World Index (AUD): 16.6%
6.6%
Fully franked dividend yield incl. special³
9.4%
Grossed-up dividend yield incl. special³
11.0 cps
Fully franked full year dividend incl. special
71.5 cps
Profits reserve
Fully franked dividends since inception
The Board declared a fully franked final dividend of 4.0 cents per share, payable on 27 May 2026, and a special fully franked dividend of 3.0 cents per share, payable on 26 June 2026.
| Investment portfolio performance² at 30 April 2026 | Fin YTD | 1 yr | 3 yrs %pa | 5 yrs %pa | 7 yrs %pa | Since inception %pa (Sept-15) |
|---|---|---|---|---|---|---|
| Future Generation Global | -2.9% | 9.4% | 13.0% | 6.7% | 9.0% | 9.2% |
Investment portfolio performance is before expenses, fees and taxes to compare to the relevant index which is also before expenses, fees and taxes. Future Generation Global's financial year is from 1 January to 31 December.
²Volatility is a statistical measure of the dispersion of returns for a given security or market index. Volatility is measured by standard deviation, and can be thought of as an assessment of the risk in the investment portfolio. In most cases, the higher the volatility, the risker the investment.
³Based on the 30 April 2026 share price and the FY2025 fully franked full year dividend of 11.0 cents per share, including the special fully franked dividend of 3.0 cents per share. Grossed-up dividend yield includes the value of franking credits and is based on a tax rate of 30.0%.
Future Generation Global Limited (ASX: FGG)
ABN 52 606 110 838
Watch Lee Hopperton and Bonnie Ashton at the 2026 National Shareholder Presentations
Future Generation Global
DO WELL ON GOOD.
Future Generation fundies name 13 stock picks for an energy shock and an AI boom
Several of our leading fund managers joined us for our 2026 National Shareholder Presentations and spoke with the Australian Financial Review's James Thomson and Anthony MacDonald about how they are targeting resilient, high-growth companies aligned with long-term structural trends amidst the world's biggest oil disruption and largest technology surge.
Nick Griffin from Munro Partners, Julia Weng from Paradice Investment Management, Geoff Wilson from Wilson Asset Management and the Founder of Future Generation, Vihari Ross from Antipodes Partners, Ben Griffiths from Eley Griffiths Group and Doug Tynan from GCQ Funds Management shared their top stock picks. Read the media coverage here.
Diversified global investment portfolio**
- Portfolio of 16 actively managed funds
- 3,700+ underlying securities across different sectors and companies
- Actively managed 3.2% tracking error and 0.8 beta
- Underweight America and overweight Europe
- Bias towards small and mid-cap companies
Portfolio structure
- Long equities
- Absolute bias
- Quantitative
- Cash
Lower concentration risk** Exposure to the MSCI AC World Index top 10 holdings
Diversification by region and size**
Exposure by region
| Region | Future Generation Global | MSCI AC World Index |
|---|---|---|
| North America | 52.8% | 67.5% |
| UK & Europe | 19.0% | 14.4% |
| Asia | 9.0% | 10.5% |
| Other Developed Markets | 5.0% | 5.4% |
| Emerging Markets | 0.7% | 2.0% |
| Cash | 13.5% | 0.2% |
Exposure by market capitalisation
*The Future Generation Global underlying fund managers' investment portfolios' analysis referenced, including the investment portfolio's exposure compared to the MSCI AC World Index, is as at 31 December 2025 and has been prepared by Lonsec on a pro bono basis.
Future Generation Global Limited (ASX: FGG)
ABN 52 606 110 838
Future Generation Global
DO WELL SO GOOD.
Future Generation Global
Future Generation Global (ASX: FGG) is a listed investment company that aims to deliver a combination of income and capital growth over the medium-to-long term by investing in global equities. Future Generation Global is a fund-of-funds model, providing shareholders with access to a professionally constructed portfolio of leading global fund managers. These fund managers are carefully selected and overseen by an experienced Investment Committee, who monitor performance and manage the overall portfolio on behalf of shareholders. The result is an actively managed and diversified global equities portfolio, designed to deliver a reliable stream of fully franked dividends – with lower volatility than the broader market.
Our fund managers generously work pro bono, waiving all management and performance fees, which allows Future Generation Global to donate 1% of average monthly net assets to our social impact partners without compromising shareholder returns. Future Generation Global partners with 14 non-profits supporting the prevention of youth mental-ill health.
$82.5 million
Total savings on management, performance and service provider fees since inception
$50.5 million
Social investment since inception
Our social impact partners
Our pro bono service providers
Contact us
We love to engage with our shareholders. If you would like to speak to the Future Generation team, please call us on (02) 9247 9202 or email [email protected]
Visit futuregeninvest.com.au to stay up to date with our latest insights, market updates, and social investment, along with the latest news, results and events.
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DISCLAIMERS:
Zenith: The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence: 226872) ("Zenith") rating (ASX: FGG Assigned November: 2023) referred to in this piece is limited to "General Advice" (c7608 Corporations Act 2009 for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, but an initial investment product(s), therefore should work independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the POS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charge the product issues, fund manager or related party to conduct Product Assessments. Full details regarding Zenith's methodology, rating, definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
Independent Investment Research: This research rating requires to be read with the full research report that can be found on the issuers website (or upon request) together with our full disclaimer that is found on the front cover of our research note. We require reasons of our research note to obtain advice from their wealth manager before making any decisions with respect to the recommendation on this note. The note is not general advice just financial information without taking regard to the financial circumstances of the reader.
Lorison: The rating issued on 04/2026 for Future Generation Global Limited is published by Lorison Research Pty Ltd ABN 11 151 658 561 AFS, 421 445 (Lorison). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and work independent financial advice before investing. The rating is not a recommendation to purchase, but is held any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lorison assumes no obligation to update. Lorison uses objective criteria and receives a fee from the Fund Manager. Visit lorison.com.au for ratings information and to access the full report. © 2026 Lorison. All rights reserved.
Future Generation Global Limited (ASX: FGG)
ABN 52 606 110 838