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Exposure Report
Available on Sharesight Starter, Standard, Premium and Sharesight Business plans.
The Exposure Report shows the underlying holdings within your ETFs (Exchange Traded Funds), revealing the true composition of your investments. If you own multiple ETFs, it also identifies any overlapping holdings, giving you a clear picture of your overall exposure alongside your direct investments.
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Report overview
Embedded content: https://www.youtube.com/watch?v=w5RjKvX44-Q&t=182s
The report covers ETFs listed in AU, CA, NZ, UK, USA and EU markets.
Pie Chart
A graphical representation of the portfolio's exposure based on the selected grouping. If Do not group is selected, exposure is shown by individual holding. Any residual ETF balance is shown separately.
Holdings List
The full list of direct and underlying holdings in your portfolio.
Ownership Indicator
Shows whether a holding is owned directly or indirectly through an ETF:
- Direct holding — the percentage and value of a holding you have directly invested in.
- Underlying holding — the percentage and value of a stock held by an ETF you own.
- Nested holding — where the only underlying holding of an ETF is another ETF (e.g. IVV.ASX and IVV.NYSE). The underlying holdings of the second ETF are shown with a nested holding badge.
Exposure Percentage
Each stock's exposure as a percentage of the current total portfolio value, combining both direct and underlying holdings.
Value
The current portfolio value attributed to the holding, combining direct ownership and indirect exposure through ETFs.
Arrow Indicator
Click the arrow next to any holding to expand and see the breakdown of that stock's direct and underlying exposure — percentage and dollar value for each source.
Residual ETFs
The report displays up to the top 500 underlying holdings that make up an ETF (up to 50 in the Starter plan). Any holdings beyond this limit, or holdings that cannot be matched in Sharesight, are grouped under Residual ETF.
Negative Gearing
Applies to leveraged ETFs. Negative gearing refers to the ratio of borrowed money invested in the shares.
For example, if GEAR.ASX has a gearing range of 50–65%, every $1 invested includes $0.50–0.65 of borrowed money. In the exposure report, the total amount invested is shown at full value, and the borrowed portion appears as a negative balance under Residual ETF. The negative gearing ratio is calculated as: borrowed amount ÷ total invested.
Note: Click on any column heading to reorder the table by the contents of that column.
Why it matters
Understanding your underlying asset exposure is critical for risk management and portfolio diversification. Many investors assume their ETFs are more diversified than they are — the Exposure Report surfaces hidden concentrations, such as heavy overlap between ETFs or unexpected overweighting in a single stock, sector, or country.
How our customers use it
Avoid over-concentration on direct holdings
"It helps size investments in individual stocks in a mostly ETFs based portfolio. I don't want individual stock purchases to decrease excessively diversification...So I can see from my exposure report that 1-3% for an individual stock purchase would not harm diversification"
Understand combined weighting from direct holding, and within each ETF
"Check combined weighting. Helps to see how concentrated i am in stocks, helps save me time working it out myself in excel"
Over-exposure to a specific stock i.e AAPL or group i.e FAANG
"To check overexposure to any specific stock. For example I have reduced direct holding in Apple as it is dominant in several ETFs"
Uncover hidden investments
"...fascinated that I have Brazilian Oil stocks. Its an eye opener. It has been interesting to see exactly how much Google, Meta and Apple shares I effectively have."
Understand exposure to US market
"I realised I was overexposed to US market...decided to gradual move to ex US inc Australia"
"[Decided to buy] some overseas shares, GOOG, as underweight compared to other direct bought shares and the ETF...similarly with Microsoft, I intend to direct purchase some of them to move it into my top 10 holdings (combined direct and via ETF)."
Understand true exposure in banking industry
"Trying to work out if my mix of ETFs leaves me overexposed to over priced banks in Australia."
Reduce overlap investments while improve return
"I use it to look mainly at my ETFs and if I have 2 or 3 that have 80 or say 70% overlap, I will dig a little deeper and look at their unique holdings and see if its worth keeping all of them with such a great amount of overlap. So far I've wound up just selling the one with the worst performance or highest fees and rolling that into the other."
How to run the report
1 — From any page click on the Tools tab.
2 — Click the Exposure Report tile.
3 — Select the grouping you wish to view the diversity of your portfolio in:
- Market
- Currency
- Sector Classification
- Industry Classification
- Investment type
- Country
- Do not group (Holdings)
4 — Select the number of underlying holdings you wish to view. The report shows the top 50–500 underlying holdings that make up an ETF (only up to 50 underlying holdings are available in the Starter plan).
5 — Click on Run report.
The pie chart and holding table will reload with the selected grouping.
FAQ
Can the Exposure Report look through managed funds?
No. The Exposure Report only works for ETFs. It cannot look through managed funds, including:
- Australian unlisted managed funds searched by APIR code (e.g. ETL0060AU) via the FundAU market
- UK, Irish, and Luxembourg-domiciled funds identified by ISIN code (GB, IE, or LU prefix)
For these fund types, Sharesight does not receive the underlying holdings data needed to generate an exposure breakdown. The fund will appear as a single holding in your portfolio rather than being broken down into its underlying assets.
Last updated 17th April 2026