Key Highlights

  • The fund invests predominantly in units of the Morningstar International Shares (Hedged) Fund, with some cash.
  • It holds 247 companies, with the top ten at 24.12% and the United States at 66.34%.
  • The management fee is 0.39%, and Industrials hold 17.11% against 10.97% for the category.
  • The July 2026 distribution of $1.962 is higher than the $1.612 paid in July 2025.

Morningstar International Shares Active ETF (ASX:MSTR) is a managed investment scheme registered with ASIC that invests predominantly in units of the Morningstar International Shares (Hedged) Fund and some cash. The fund may also use derivatives to gain desired exposures or manage risks. It was admitted to the ASX on 12 November 2019 and last traded at $8.62 on 13 October 2026.

Detail

Information

Ticker

ASX:MSTR

Fund

Morningstar International Shares Active ETF

Category

Equity World - Currency Hedged

Benchmark

Morningstar Global Mar ex Aus Hgd NR AUD

Management fee

0.39%

Total holdings

247

ASX admission date

12 November 2019

Holdings

The ten largest positions represent 24.12% of the fund. Apple leads at 4.73%, followed by NVIDIA (3.22%), Cisco Systems (2.52%), Lam Research (2.18%) and Alphabet (2.14%). Schroders (2.05%), Emaar Development (1.91%), Illinois Tool Works (1.86%), Visa (1.73%) and Cognizant Technology Solutions (1.72%) complete the list.

Cash is 1.14%, stocks 98.31% and other assets 0.55%.

Sector and country exposure

Technology holds 34.23%, against 30.81% for the category, and Industrials 17.11%, against 10.97%. Financial Services holds 12.57%, below the 16.58% category weighting, and Consumer Defensive 8.61%, against 4.38%. Energy holds only 0.42%, against 4.33%.

The United States accounts for 66.34%, the United Kingdom 5.73%, Japan 5.46%, China 3.19% and Taiwan 3.04%. Companies between $500 million and $1 billion in market capitalisation represent 8.21%.

Fee, risk and distributions

The management fee is 0.39% a year. The fund reports a beta of 0.91 and a standard deviation of 11.77. The final distribution of $1.962 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 15 July.

That is higher than the $1.612 paid in July 2025, $0.415 in July 2024, $0.561 in July 2023 and $0.326 in July 2022.

Category classification and liquidity

Morningstar places the fund in the Equity World - Currency Hedged category, which covers funds investing primarily in companies listed on global equity markets, with the funds predominantly hedged against foreign exchange risk as a neutral position and, in some cases, a bias towards a particular style or size.

Liquidity indicators add a further view. Fund size and units on issue are not reported for this product, and average daily trading volume is 79,420 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 23,700 to 59,800 units, with 34,738 recorded on 13 October while the market was still open. The bid-offer range stood at $8.60 to $8.62, and the day range at $8.62 to $8.72. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged monthly redemptions and units-on-issue details for September on 2 October and Full Year Statutory Accounts for June 2026 on 1 October. Equivalent monthly notices followed for August and July, and Final Distribution Components for June 2026 on 9 July.

Closing Perspective

MSTR layers an active, hedged approach onto a fund-of-funds structure at a 0.39% fee. Its Industrials and Consumer Defensive weights are above its category and its Energy weight is well below. These facts describe the fund and do not forecast outcomes.