Factual portfolio intelligence · Australia

See what you actually own.

Underly threads one clear line through the layers of fund structure to the truth underneath — your real holdings, real exposure, and the overlap quietly hiding between funds.

Australian ETFs · no sign-up to try

What is actually inside VAS — the Vanguard Australian Shares ETF decomposed into its real underlying holdings, with the big four banks at 24.1 percent.
Big four · 24.1%

How it works

Turn your ETFs into the reality of what you hold.

01

Enter your funds

List the ETFs and managed funds you hold. No account, no upload, nothing to install.

02

We unwrap every layer

Each fund is decomposed to the shares underneath, then totalled into one real portfolio.

03

See the truth underneath

Your real exposure, the concentration hiding across funds, and where two funds overlap.

The Underly promise

Underly states facts. It shows what you own and what it means — clearly, and with its sources — then stops. No tips. No recommendations. No advice.

See it on your portfolio

See what you actually own.

Run the look-through on your own ETFs in under a minute — no sign-up. Create an account when you want to save it and track it over time.

© 2026 Underly

General information only — not financial or tax advice